The global underground mining equipment market is forecasted to grow at a CAGR of 4.29% during the period 2017-2021

LONDON, Jan. 3, 2018 /PRNewswire/ -- About Underground Mining Equipment

Mining is the process used to extract valuable minerals, rocks, metals, or other geological materials from the earth in the form of vein, seam, reef, lode, orebody, or placer deposits. These extracted materials form a mineralized package, which is profitable for the miner. Ores that are extracted by the process of mining include coal, metals, rock salt, potash, gravel, limestone, oil shale, gemstones, chalk, dimension stone, and clay. Mining is also used to extract non-renewable resources, such as crude oil and natural gas.



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Technavio's analysts forecast the global underground mining equipment market to grow at a CAGR of 4.29% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global underground mining equipment market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
? Americas
? APAC
? EMEA

Technavio's report, Global Underground Mining Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
? Atlas Copco
? Boart Longyear
? Caterpillar
? Komatsu
? Sandvik

Other prominent vendors
? AARD Mining Equipment
? CME
? FURUKAWA
? Guizhou Sinodrills Equipment
? Mindrill Systems & Solutions
? REVATHI EQUIPMENT
? Rockdrill Services Australia
? Rockmore International
? Sulzer
? TEI Rock Drills

Market driver
? Stabilization of industrial commodity prices
? For a full, detailed list, view our report

Market challenge
? Increasing popularity of rental underground mining equipment
? For a full, detailed list, view our report

Market trend
? Integration of IoT in underground mining equipment for remote monitoring
? For a full, detailed list, view our report

Key questions answered in this report
? What will the market size be in 2021 and what will the growth rate be?
? What are the key market trends?
? What is driving this market?
? What are the challenges to market growth?
? Who are the key vendors in this market space?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

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