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Autonomous Mining Equipment Market Global Report 2020-30: COVID-19 Growth and Change

Starting Price : $ 4000.00 $3200.00 | Pages : 150 | Published : July 2020 | SKU CODE : 7545 | Format :


The autonomous mining equipment market consists of sales of autonomous mining equipment that works on wireless communication technologies and electronic tracking (CT) systems. Autonomous equipment involves minimal human intervention and helps in safe and productive mining and transportation of ores and other materials. The market consists of revenue generated by the companies manufacturing autonomous mining equipment by the sales of these products.

The global autonomous mining equipment market is expected to decline from $3.09 billion in 2019 to $2.85 billion in 2020 at a compound annual growth rate (CAGR) of -7.76%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing and remote working, and the closure of industries and other commercial activities. Slowdowns in even one large industrial component can have a ripple effect across other components and industries. The entire supply chain from production to international trade has been impacted. The market is expected to recover and reach $3.52 billion in 2023 at a CAGR of 7.25%.

Asia Pacific was the largest region in the autonomous mining equipment market in 2019. It is again expected to be the fastest-growing region in the forecast period.

Rising concerns regarding miners safety are driving the autonomous mining equipment market. Mining is a dangerous profession with hazards such as fires, flooding, mine collapse, and health risks such as respiratory diseases, hearing loss, musculoskeletal disorders and heat stress. Introducing autonomous equipment such as robotic loaders, laser sensors and driverless trucks can help ensure workers’ safety. For instance, mining company Rio Tinto is using 73 driverless trucks in four of its iron mines in Australia to improve worker safety. More autonomous mining equipment are employed to minimize human intervention and thereby reduce accidents. Therefore, rising concerns regarding the safety of mine workers are expected to drive this market.

Judgment errors are expected to limit the growth of the autonomous mining equipment market. Incidence of accidents may take place and it often fails to give expected outcomes as they lack flexibility and are unable to handle unanticipated situations. Passive operations fail to take corrective actions in equipment malfunctioning which may result in accidents and losses.

Autonomous mining equipment companies have recently been affected by the COVID-19 outbreak. The global pandemic has led to restrictive containment measures involving social distancing and remote working, and the closure of industries and other commercial activities, thereby, affecting the entire mining industry. Mining companies are resorting to production slowdown, operations shut down, and workforce demobilization, due to which the scale of productivity has dropped. Many mines have already implemented autonomous mining technology; however, practically, the mining activity is not possible without human intervention. Moreover, the continuous lock-down in many areas resulted in supply disruption, reduced sales and reduced demand for end-user industries, negatively affecting profit margins of autonomous mining equipment companies and limiting the growth of the market.

Implementing data analytics such as artificial intelligence, machine learning, Internet of Things (IoT)-embedded systems, and other analytics in mining systems is a key trend in the autonomous mining equipment market. Artificial intelligence (AI) is helping to transform the mining industry into a safer, more profitable, and more environmentally friendly industry. AI can analyze vast quantities of data to better predict where to find better resources, along with minimizing errors. IoT system advances in mining equipment are making extraction cheaper without deteriorating existing grades. All of these changes are helping the industry improve its efficiency from mine to market.

In June 2019, Komatsu Ltd has agreed to acquire Immersive Corporation which is a global mining technology and workforce optimization firm. Immersive develops, manufactures and sells mining equipment simulators for training machine operators for surface and underground mines. By integrating Immersive Corporation’s solutions, Komatsu will further contribute to improving mining customers safety and productivity and to optimizing their operations. This acquisition is expected to support both Immersive Technologies and Komatsu in offering unrivaled service and products to their customers.

Caterpillar; Komatsu; Rockwell Automation; Hitachi; Sandvik; Hexagon; Atlas Copco

Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

1) By Type: Autonomous Hauling/Mining Trucks; Autonomous Drilling Rigs; Underground LHD Loaders; Tunneling Equipment; Other 2) By Application: Metal; Coal; Others

    1. Executive Summary

    2. Autonomous Mining Equipment Market Characteristics

    3. Autonomous Mining Equipment Market Size And Growth

    3.1. Global Autonomous Mining Equipment Historic Market, 2015 - 2019, $ Billion

    3.1.1. Drivers Of The Market

    3.1.2. Restraints On The Market

    3.2. Global Autonomous Mining Equipment Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

    3.2.1. Drivers Of The Market

    3.2.2. Restraints On the Market

    4. Autonomous Mining Equipment Market Segmentation

    4.1. Global Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Autonomous Hauling/Mining Trucks

    Autonomous Drilling Rigs

    Underground LHD Loaders

    Tunneling Equipment

    Other

    4.2. Global Autonomous Mining Equipment Market, Segmentation  By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Metal

    Coal

    Others

    5. Autonomous Mining Equipment Market Regional And Country Analysis

    5.1. Global Autonomous Mining Equipment Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    5.2. Global Autonomous Mining Equipment Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    6. Asia-Pacific Autonomous Mining Equipment Market  

    6.1. Asia-Pacific Autonomous Mining Equipment Market Overview  

    6.2. Asia-Pacific Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    7. China Autonomous Mining Equipment Market  

    7.1. China Autonomous Mining Equipment Market Overview  

    7.2. China Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    8. India Autonomous Mining Equipment Market  

    8.1. India Autonomous Mining Equipment Market Overview  

    8.2. India Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    9. Japan Autonomous Mining Equipment Market  

    9.1. Japan Autonomous Mining Equipment Market Overview  

    9.2. Japan Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    10. Australia Autonomous Mining Equipment Market  

    10.1. Australia Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    11. Indonesia Autonomous Mining Equipment Market  

    11.1. Indonesia Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    12. South Korea Autonomous Mining Equipment Market  

    12.1. South Korea Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    13. Western Europe Autonomous Mining Equipment Market  

    13.1. Western Europe Autonomous Mining Equipment Market Overview

    13.2. Western Europe Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    14. UK Autonomous Mining Equipment Market  

    14.1. UK Autonomous Mining Equipment Market Overview

    14.2. UK Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    15. Germany Autonomous Mining Equipment Market  

    15.1. Germany Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    16. France Autonomous Mining Equipment Market  

    16.3. France Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    17. Eastern Europe Autonomous Mining Equipment Market  

    17.1. Eastern Europe Autonomous Mining Equipment Market Overview

    17.2. Eastern Europe Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    18. Russia Autonomous Mining Equipment Market  

    18.1. Russia Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    19. North America Autonomous Mining Equipment Market  

    19.1. North America Autonomous Mining Equipment Market Overview

    19.2. North America Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    20. USA Autonomous Mining Equipment Market  

    20.1. USA Autonomous Mining Equipment Market Overview

    20.2. USA Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    21. South America Autonomous Mining Equipment Market  

    21.1. South America Autonomous Mining Equipment Market Overview

    21.2. South America Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    22. Brazil Autonomous Mining Equipment Market  

    22.1. Brazil Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    23. Middle East Autonomous Mining Equipment Market  

    23.1. Middle East Autonomous Mining Equipment Market Overview

    23.2. Middle East Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    24. Africa Autonomous Mining Equipment Market  

    24.1. Africa Autonomous Mining Equipment Market Overview

    24.2. Africa Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    25. Autonomous Mining Equipment Market Competitive Landscape And Company Profiles

    25.1. Autonomous Mining Equipment Market Competitive Landscape

    25.2. Autonomous Mining Equipment Market Company Profiles

    25.2.1. Caterpillar

    25.2.1.1. Overview

    25.2.1.2. Products and Services

    25.2.1.3. Strategy

    25.2.1.4. Financial Performance

    25.2.2. Komatsu

    25.2.2.1. Overview

    25.2.2.2. Products and Services

    25.2.2.3. Strategy

    25.2.2.4. Financial Performance

    25.2.3. Rockwell Automation

    25.2.3.1. Overview

    25.2.3.2. Products and Services

    25.2.3.3. Strategy

    25.2.3.4. Financial Performance

    25.2.4. Hitachi

    25.2.4.1. Overview

    25.2.4.2. Products and Services

    25.2.4.3. Strategy

    25.2.4.4. Financial Performance

    25.2.5. Sandvik

    25.2.5.1. Overview

    25.2.5.2. Products and Services

    25.2.5.3. Strategy

    25.2.5.4. Financial Performance

    26. Key Mergers And Acquisitions In The Autonomous Mining Equipment Market

    27. Autonomous Mining Equipment Market Trends And Strategies

    28. Autonomous Mining Equipment Market Future Outlook and Potential Analysis

    29. Appendix

    29.1. Abbreviations

    29.2. Currencies

    29.3. Research Inquiries

    29.4. The Business Research Company

    29.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 3: Global Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 4: Global Autonomous Mining Equipment Market, Segmentation  By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 5: Global Autonomous Mining Equipment Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 6: Global Autonomous Mining Equipment Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 7: Asia-Pacific, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 8: China, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 9: India, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 10: Japan, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 11: Australia, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 12: Indonesia, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 13: South Korea, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 14: Western Europe, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 15: UK, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 16: Germany, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 17: France, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 18: Eastern Europe, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 19: Russia, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 20: North America, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 21: USA, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 22: South America, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 23: Brazil, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 24: Middle East, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 25: Africa, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 26: Caterpillar Financial Performance
  • Table 27: Komatsu Financial Performance
  • Table 28: Rockwell Automation Financial Performance
  • Table 29: Hitachi Financial Performance
  • Table 30: Sandvik Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 3: Global Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 4: Global Autonomous Mining Equipment Market, Segmentation  By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 5: Global Autonomous Mining Equipment Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 6: Global Autonomous Mining Equipment Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 7: Asia-Pacific, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 8: China, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 9: India, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 10: Japan, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 11: Australia, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 12: Indonesia, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 13: South Korea, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 14: Western Europe, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 15: UK, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 16: Germany, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 17: France, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 18: Eastern Europe, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 19: Russia, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 20: North America, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 21: USA, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 22: South America, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 23: Brazil, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 24: Middle East, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 25: Africa, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 26: Caterpillar Financial Performance
  • Figure 27: Komatsu Financial Performance
  • Figure 28: Rockwell Automation Financial Performance
  • Figure 29: Hitachi Financial Performance
  • Figure 30: Sandvik Financial Performance
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