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Autonomous Mining Equipment Global Market Report 2021: COVID 19 Growth And Change to 2030

Starting Price : $4000.00 | Pages : 175 | Published : June 2021 | 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 grow from $2.28 billion in 2020 to $2.81 billion in 2021 at a compound annual growth rate (CAGR) of 23.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3.44 billion in 2025 at a CAGR of 5%.

Rising concerns regarding miner's 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.

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.

The autonomous mining equipment covered in this report is segmented by type into autonomous hauling/mining trucks; autonomous drilling rigs; underground LHD loaders; tunneling equipment; other and by application into metal; coal; others.

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.

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 for undisclosed amount. 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 customer's 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.

The major players covered in the global autonomous mining equipment market are Caterpillar, Komatsu, Rockwell Automation, Hitachi, Sandvik, Hexagon, Atlas Copco.

The countries covered in the global autonomous mining equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The regions covered in the global autonomous mining equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global autonomous mining equipment market is segmented -

1) By Type: Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, Tunneling Equipment, Others

2) By Application: Metal, Coal, Others

    Table Of Contents

    1. Executive Summary

    2. Autonomous Mining Equipment Market Characteristics

    3. Autonomous Mining Equipment Market Trends And Strategies

    4. Impact Of COVID-19 On Autonomous Mining Equipment

    5. Autonomous Mining Equipment Market Size And Growth

    5.1. Global Autonomous Mining Equipment Historic Market, 2015-2020, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Autonomous Mining Equipment Forecast Market, 2020-2025F, 2030F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Autonomous Mining Equipment Market Segmentation

    6.1. Global Autonomous Mining Equipment Market, Segmentation  By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Autonomous Hauling/Mining Trucks

    Autonomous Drilling Rigs

    Underground LHD Loaders

    Tunneling Equipment

    Other

    6.2. Global Autonomous Mining Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Metal

    Coal

    Others

    7. Autonomous Mining Equipment Market Regional And Country Analysis

    7.1. Global Autonomous Mining Equipment Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    7.2. Global Autonomous Mining Equipment Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    8. Asia-Pacific Autonomous Mining Equipment Market  

    8.1. Asia-Pacific Autonomous Mining Equipment Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    9. China Autonomous Mining Equipment Market  

    9.1. China Autonomous Mining Equipment Market Overview  

    9.2. China Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

    10. India Autonomous Mining Equipment Market  

    10.1. India Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    11. Japan Autonomous Mining Equipment Market  

    11.1. Japan Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    12. Australia Autonomous Mining Equipment Market  

    12.1. Australia Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    13. Indonesia Autonomous Mining Equipment Market  

    13.1. Indonesia Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    14. South Korea Autonomous Mining Equipment Market  

    14.1. South Korea Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    15. Western Europe Autonomous Mining Equipment Market  

    15.1. Western Europe Autonomous Mining Equipment Market Overview

    15.2. Western Europe Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    16. UK Autonomous Mining Equipment Market  

    16.1. UK Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    17. Germany Autonomous Mining Equipment Market  

    17.1. Germany Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    18. France Autonomous Mining Equipment Market  

    18.3. France Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    19. Eastern Europe Autonomous Mining Equipment Market  

    19.1. Eastern Europe Autonomous Mining Equipment Market Overview

    19.2. Eastern Europe Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    20. Russia Autonomous Mining Equipment Market  

    20.1. Russia Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    21. North America Autonomous Mining Equipment Market  

    21.1. North America Autonomous Mining Equipment Market Overview

    21.2. North America Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    22. USA Autonomous Mining Equipment Market  

    22.1. USA Autonomous Mining Equipment Market Overview

    22.2. USA Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    23. South America Autonomous Mining Equipment Market  

    23.1. South America Autonomous Mining Equipment Market Overview

    23.2. South America Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    24. Brazil Autonomous Mining Equipment Market  

    24.1. Brazil Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    25. Middle East Autonomous Mining Equipment Market  

    25.1. Middle East Autonomous Mining Equipment Market Overview

    25.2. Middle East Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    26. Africa Autonomous Mining Equipment Market  

    26.1. Africa Autonomous Mining Equipment Market Overview

    26.2. Africa Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    27. Autonomous Mining Equipment Market Competitive Landscape And Company Profiles

    27.1. Autonomous Mining Equipment Market Competitive Landscape

    27.2. Autonomous Mining Equipment Market Company Profiles

    27.2.1. Caterpillar

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Komatsu

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Rockwell Automation

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Hitachi

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Sandvik

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

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

    29. Autonomous Mining Equipment Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Table 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Table 3: Global Autonomous Mining Equipment Market, Segmentation  By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 4: Global Autonomous Mining Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 5: Global Autonomous Mining Equipment Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 6: Global Autonomous Mining Equipment Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 7: Asia-Pacific, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 8: China, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 9: India, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 10: Japan, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 11: Australia, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 12: Indonesia, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 13: South Korea, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 14: Western Europe, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 15: UK, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 16: Germany, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 17: France, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 18: Eastern Europe, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 19: Russia, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 20: North America, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 21: USA, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 22: South America, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 23: Brazil, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 24: Middle East, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 25: Africa, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 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, 2015-2020, $ Billion
  • Figure 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Figure 3: Global Autonomous Mining Equipment Market, Segmentation  By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 4: Global Autonomous Mining Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 5: Global Autonomous Mining Equipment Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 6: Global Autonomous Mining Equipment Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 7: Asia-Pacific, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 8: China, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 9: India, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 10: Japan, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 11: Australia, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 12: Indonesia, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 13: South Korea, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 14: Western Europe, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 15: UK, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 16: Germany, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 17: France, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 18: Eastern Europe, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 19: Russia, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 20: North America, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 21: USA, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 22: South America, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 23: Brazil, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 24: Middle East, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 25: Africa, Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 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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