Global Autonomous Mining Equipment And Vehicles Market Size, Forecasts, And Opportunities – Includes Autonomous Mining Equipment And Vehicles Market Analysis
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The global autonomous mining equipment and vehicles market is expected to grow from 13.1%. The global autonomous mining equipment and vehicles market size is expected to grow to $4.09 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%.
Rising concerns regarding miners’ safety are driving the growth of the autonomous mining equipment and vehicle market as more autonomous mining equipment is employed to minimize human intervention and thereby reduce accidents.
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The autonomous mining equipment and vehicles market consists of sales of autonomous mining equipment and vehicles by entities (organizations, sole traders, partnership) that can sense the environment and navigate on the mine haul road surface without any human intervention. Autonomous equipment and vehicles function with minimal human intervention and primarily help in the safe mining and transportation of ores and other materials.
Global Autonomous Mining Equipment And Vehicles Market Segments Include:
By Technology: Surface Mining Technique, and Underground Mining Technique
By Equipment: Smart Ventilations System, Autonomous Hauling Truck, Pumping Stations, Autonomous Drilling Rig, Underground LHD Loader, Tunneling Equipment, and Others
By Application: Metal Mining, Mineral Mining, Coal Mining, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Autonomous mining equipment manufacturers are increasingly investing in technologies for electrification of mining equipment to reduce costs and emissions. Mining companies are required to invest heavily in equipment and maintenance to remove exhaust gases and heat generated by underground mining equipment.
TBRC’s Autonomous Mining Equipment And Vehicles Market Report Covers:
Major Market Players: Caterpillar, Hitachi Ltd., Komatsu, Sandvik, and Atlas Copco.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Autonomous Mining Equipment And Vehicles Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides autonomous mining equipment and vehicles market overviews, analyzes and forecasts market size, share, autonomous mining equipment and vehicles market players, autonomous mining equipment and vehicles market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s autonomous mining equipment and vehicles market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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