Mining Automation Market Report: Trends, Forecast and Competitive Analysis to 2030

Mining Automation Trends and Forecast

The future of the global mining automation market looks promising with opportunities in the metal mining, mineral mining, and coal mining markets. The global mining automation market is expected to reach an estimated $5.3 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are swift progress in technological fields like artificial intelligence (AI) and robotics, governments worldwide are actively endorsing the advancement and implementation of mining automation technologies, as well as, creation of increasingly advanced solutions for automated mining.

A more than 150-page report is developed to help in your business decisions.

Mining Automation by Segment

The study includes a forecast for the global mining automation by offering, technique, application, and region.

Mining Automation Market by Offering [Shipment Analysis by Value from 2018 to 2030]:

• Equipment
• Software
• Communication System

Mining Automation Market by Technique [Shipment Analysis by Value from 2018 to 2030]:

• Surface Mining
• Underground Mining

Mining Automation Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Metal Mining
• Mineral Mining
• Coal Mining

Mining Automation Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Mining Automation Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies mining automation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mining automation companies profiled in this report include-

• Caterpillar
• Hexagon
• Epiroc
• Komatsu
• Sandvik
• Liebherr
• SANY
• Rockwell Automation
• Siemens
• RPM Global

Mining Automation Market Insights

Lucintel forecasts that underground mining will remain the larger segment over the forecast period due to the increased usage of metals, minerals, coal, ores, and other materials in different end-user sectors such as energy and electricity, automotive, and construction is pushing underground exploration and mining operations across the world.

APAC will remain the largest region due to the presence of mining companies in these region adopting new automation technologies.

Features of the Global Mining Automation Market

Market Size Estimates: Mining automation market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Mining automation market size by offering, technique, application, and region in terms of value ($B).

Regional Analysis: Mining automation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different offering, technique, application, and regions for the mining automation market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the mining automation market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the mining automation market size?

Answer: The global mining automation market is expected to reach an estimated $5.3 billion by 2030.

Q.2 What is the growth forecast for mining automation market?

Answer: The global mining automation market is expected to grow with a CAGR of 6.8% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the mining automation market?

Answer: The major drivers for this market are swift progress in technological fields like artificial intelligence (AI) and robotics, governments worldwide are actively endorsing the advancement and implementation of mining automation technologies, as well as, creation of increasingly advanced solutions for automated mining.

Q4. What are the major segments for mining automation market?

Answer: The future of the global mining automation market looks promising with opportunities in the metal mining, mineral mining, and coal mining markets.

Q5. Who are the key mining automation market companies?

Answer: Some of the key mining automation companies are as follows:

• Caterpillar
• Hexagon
• Epiroc
• Komatsu
• Sandvik
• Liebherr
• SANY
• Rockwell Automation
• Siemens
• RPM Global

Q6. Which mining automation market segment will be the largest in future?

Answer: Lucintel forecasts that underground mining will remain the larger segment over the forecast period due to the increased usage of metals, minerals, coal, ores, and other materials in different end-user sectors such as energy and electricity, automotive, and construction is pushing underground exploration and mining operations across the world.

Q7. In mining automation market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region due to the presence of mining companies in these region adopting new automation technologies.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the mining automation market by offering (equipment, software, and communication system), technique (surface mining and underground mining), application (metal mining, mineral mining, and coal mining), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?