Continuous Miner Market Report: Trends, Forecast and Competitive Analysis to 2030

Continuous Miner Trends and Forecast

The future of the global continuous miner market looks promising with opportunities in the mining companies, contractors, and equipment rental companies markets. The global continuous miner market is expected to grow with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are rising demand for coal and other minerals in the developing countries and rapid adoption of cutting-edge mining technologies and equipment.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Continuous Miner by Segment

The study includes a forecast for the global continuous miner by product type, cutter type, application, end use, and region.

Continuous Miner Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Diesel Miner
• Electric-Powered Miner

Continuous Miner Market by Cutter Type [Shipment Analysis by Value from 2018 to 2030]:

• Borer
• Oscillating
• Horizontal Drum

Continuous Miner Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Coal Mining
• Rock Salt Mining
• Potash Mining
• Others

Continuous Miner Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Mining Companies
• Contractors
• Equipment Rental Companies
• Others

Continuous Miner Market by Region [Shipment Analysis by Value from 2018 to 2030]:

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

List of Continuous Miner 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 continuous miner companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the continuous miner companies profiled in this report include-

• Sandvik
• Caterpillar
• Komatsu
• Eickhoff
• Becker Mining System
• Wirtgen
• FLSmidth
• Kopex
• ThyssenKrupp
• Famur

Continuous Miner Market Insights

Lucintel forecasts that coal mining will remain the largest segment over the forecast period due to substantial need for coal as a source of energy.

Within this market, mining companies will remain the largest segment.

APAC will remain the largest region over the forecast period due to growing regional demand for minerals and ores in the region.

Features of the Global Continuous Miner Market

Market Size Estimates: Continuous miner 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: Continuous miner market size by various segments, such as by product type, cutter type, application, end use, and region in terms of value ($B).

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

Growth Opportunities: Analysis of growth opportunities in different product types, cutter types, applications, end uses, and regions for the continuous miner market.

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

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

FAQ

Q1. What is the growth forecast for continuous miner market?

Answer: The global continuous miner market is expected to grow with a CAGR of 3.8% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the continuous miner market?

Answer: The major drivers for this market are rising demand for coal and other minerals in the developing countries and rapid adoption of cutting-edge mining technologies and equipment.

Q3. What are the major segments for continuous miner market?

Answer: The future of the continuous miner market looks promising with opportunities in the mining companies, contractors, and equipment rental companies markets.

Q4. Who are the key continuous miner market companies?

Answer: Some of the key continuous miner companies are as follows:

• Sandvik
• Caterpillar
• Komatsu
• Eickhoff
• Becker Mining System
• Wirtgen
• FLSmidth
• Kopex
• ThyssenKrupp
• Famur

Q5. Which continuous miner market segment will be the largest in future?

Answer: Lucintel forecasts that coal mining will remain the largest segment over the forecast period due to substantial need for coal as a source of energy.

Q6. In continuous miner market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to growing regional demand for minerals and ores in the region.

Q7. 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 continuous miner market by product type (diesel miner and electric-powered miner), cutter type (borer, oscillating , and horizontal drum), application (coal mining, rock salt mining, potash mining, and others), end use (mining companies, contractors , equipment rental companies, and others), 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?