Oct 30 2019
The "Mining Automation - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.
The Mining Automation market worldwide is projected to grow by US$1.3 Billion, driven by a compounded growth of 6.5%
Underground Mining, one of the segments analyzed and sized in this study, displays the potential to grow at over 7.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$2.5 Billion by the year 2025, Underground Mining will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 7.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$57.3 Million to the region's size and clout in the next 5 to 6 years. Over US$59.5 Million worth of projected demand in the region will come from the rest of the European markets.
In Japan, Underground Mining will reach a market size of US$189.2 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.2% over the next couple of years and add approximately US$217.5 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.
Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include:
- AB Volvo
- Atlas Copco AB
- Autonomous Solutions, Inc. (ASI)
- Caterpillar, Inc.
- Fluidmesh Networks LLC
- Hexagon AB
- Hitachi Ltd.
- Komatsu Mining Corp.
- Micromine
- MST Global
- Remote Control Technologies.
- RPMGlobal Holdings Ltd.
- Sandvik AB
- Symboticware
- Trimble, Inc.