• Underground Mining Equipment Market Intelligence | Analysis, Trends, Forecast, Outlook

Underground Mining Equipment Market Description

The global market for Underground Mining Equipment (UGME) will be driven by the constant rise in coal mining, which constitutes to over 40 percent of the UGME’s market demand. Iron ore exploration in Australia, Africa, and Brazil is also expected to be the key supporting factor. The APAC region, primarily China, India, and Australia is expected to drive demand for UGME market due to the coal and base exploration activities in these countries. LATAM and Africa are also expected to be other key demand areas for the UGME market. The anticipated recovery of construction activity across major economies will potentially drive the demand for metals, thus supporting an increase in metal prices, which in turn will drive the UGME market.

The report also provides an overview of UGME market maturity in regions such as North America, South America, Europe, APAC, and the Middle East and Africa. It also provides Porter’s five forces analysis on factors such as supplier power, buyer power, barriers to new entrants, the intensity of rivalry, and the threat of substitutes.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Cost Break-up–UGME
Price Driver Analysis
Key Global Supplier Profiles
Supply Chain Analysis-UG Mining Equipment

Underground Mining Equipment Market Trend, Analysis & Forecast

Category Intelligence on Underground Mining Equipment covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

Global Market Outlook on Underground Mining Equipment

The APAC region, primarily China, India and Australia, is expected to drive the Underground Mining Equipment (UGME) demand during 2016–2018. Coal and base metal exploration activities in these countries are expected to support the market during the period. LATAM and Africa are expected to be the other key demand areas for the UGME market
Expected recovery of construction activity across major economies will potentially drive the demand for metals, thereby supporting an increase in metal prices. The same is expected to support the UGME market

underground-mining-equipment-market-size

UG Mining Equipment Market Overview-Global

The global UGME market is expected to grow at a CAGR of 4 percent between 2017 and 2019, driven by the constant rise in coal mining, which constitutes to over 40 percent of UGME’s demand. Iron ore exploration in Africa, Australia, and Brazil is expected to be the key supporting factor
Increased infrastructural development projects and oil and gas/mineral exploration activities, primarily China, India and Australia, are expected to support the growth in UGME during the period. Rising commodity prices are also expected to support the market over the next couple of years

Demand for underground mining activities is expected to increase over the next couple of years, due to the decreasing ore grades in open cast mines, thereby supporting the global market for UGME during 2017–2019
Global economic growth, an expected increase in exploration activity in brownfield operations, and mechanization of mines are expected to further drive the demand for UGME

Global Demand by Application

Demand growth is expected to arise from underground mining of metals, such as copper, nickel, zinc, and iron ore. The global metals output is expected to increase by an average of 2–4 percent during 2016–2018, thereby supporting the demand for UGME
Increase in exploration activities in China, India, Brazil, Australia, and Africa are expected to be the key contributors to the UGME demand at the global level during 2017–2019

Market Driver- Commodity Price

Prices of key commodities are the best indicators of mining activities and which in turn evinces the demand for mining equipment
In Q3 2018, from July 2018 to September 2018, apart from coal , gold and Aluminum (which is expected to decrease by an average of 7-8 percent), average commodity prices for the rest is expected to increase by an average of 1-2 percent as compared to last quarters average
Demand for commodities increased tremendously as the economy recovered from the economic recession in 2009. 2010 and 2011 saw a boom in mining activity due to high demand for raw materials
Late 2013 and 2014 witnessed a slowdown in mining, resulting in the reduced demand for mining equipment
Again, 2014–2015 witnessed reduced demand; however, it is expected to uptrend in the coming years. Apart from nickel prices, the average commodity prices for the rest is expected to increase by 6–7percent Y-o-Y from 2017 until 2018