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Smart Mining Trends and Forecast
The future of the global smart mining market looks promising with opportunities in the underground mining and surface mining markets. The global smart mining market is expected to reach an estimated $36.8 billion by 2030 with a CAGR of 14.7% from 2024 to 2030. The major drivers for this market are growing demand for automated solutions in mining machinery, rising demand for minerals and metals, and escalating focus on the well-being of miners safety and health.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Smart Mining by Segment
The study includes a forecast for the global smart mining by type, component, automated equipment, and region.
Smart Mining Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Underground Mining
• Surface Mining
Smart Mining Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
• Services
Smart Mining Market by Automated Equipment [Shipment Analysis by Value from 2018 to 2030]:
• Excavator
• Robotic Truck
• Driller and Breaker
• Load Haul Dump
• Others
Smart Mining Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Smart Mining 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 smart mining companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart mining companies profiled in this report include-
• ABB
• Caterpillar
• Cisco Systems
• Hexagon
• Hitachi
• Komatsu
• Robert Bosch
• Rockwell Automation
• Sandvik
• SAP
Smart Mining Market Insights
Lucintel forecasts that excavator will remain the largest segment over the forecast period.
Within this market, surface is expected to witness the higher growth over the forecast period.
North America will remain the largest region over the forecast period.
Features of the Global Smart Mining Market
Market Size Estimates: Smart mining 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: Smart mining market size by type, component, automated equipment, and region in terms of value ($B).
Regional Analysis: Smart mining market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, components, automated equipments, and regions for the smart mining market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the smart mining market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the smart mining market size?
Answer: The global smart mining market is expected to reach an estimated $36.8 billion by 2030.
Q2. What is the growth forecast for smart mining market?
Answer: The global smart mining market is expected to grow with a CAGR of 14.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the smart mining market?
Answer: The major drivers for this market are growing demand for automated solutions in mining machinery, rising demand for minerals and metals, and escalating focus on the well-being of miners safety and health.
Q4. What are the major segments for smart mining market?
Answer: The future of the smart mining market looks promising with opportunities in the underground mining and surface mining markets.
Q5. Who are the key smart mining market companies?
Answer: Some of the key smart mining companies are as follows:
• ABB
• Caterpillar
• Cisco Systems
• Hexagon
• Hitachi
• Komatsu
• Robert Bosch
• Rockwell Automation
• Sandvik
• SAP
Q6. Which smart mining market segment will be the largest in future?
Answer: Lucintel forecasts that excavator will remain the largest segment over the forecast period.
Q7. In smart mining market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period.
Q.8 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 smart mining market by type (underground mining and surface mining), component (hardware, software , and services), automated equipment (excavator, robotic truck, driller and breaker, load haul dump, 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?
For any questions related to Smart Mining Market, Smart Mining Market Size, Smart Mining Market Growth, Smart Mining Market Analysis, Smart Mining Market Report, Smart Mining Market Share, Smart Mining Market Trends, Smart Mining Market Forecast, Smart Mining Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Smart Mining Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Smart Mining Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Smart Mining Market by Type
3.3.1: Underground Mining
3.3.2: Surface Mining
3.4: Global Smart Mining Market by Component
3.4.1: Hardware
3.4.2: Software
3.4.3: Services
3.5: Global Smart Mining Market by Automated Equipment
3.5.1: Excavator
3.5.2: Robotic Truck
3.5.3: Driller and Breaker
3.5.4: Load Haul Dump
3.5.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Smart Mining Market by Region
4.2: North American Smart Mining Market
4.2.2: North American Smart Mining Market by Automated Equipment: Excavator, Robotic Truck, Driller and Breaker, Load Haul Dump, and Others
4.3: European Smart Mining Market
4.3.1: European Smart Mining Market by Type: Underground Mining and Surface Mining
4.3.2: European Smart Mining Market by Automated Equipment: Excavator, Robotic Truck, Driller and Breaker, Load Haul Dump, and Others
4.4: APAC Smart Mining Market
4.4.1: APAC Smart Mining Market by Type: Underground Mining and Surface Mining
4.4.2: APAC Smart Mining Market by Automated Equipment: Excavator, Robotic Truck, Driller and Breaker, Load Haul Dump, and Others
4.5: ROW Smart Mining Market
4.5.1: ROW Smart Mining Market by Type: Underground Mining and Surface Mining
4.5.2: ROW Smart Mining Market by Automated Equipment: Excavator, Robotic Truck, Driller and Breaker, Load Haul Dump, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Smart Mining Market by Type
6.1.2: Growth Opportunities for the Global Smart Mining Market by Component
6.1.3: Growth Opportunities for the Global Smart Mining Market by Automated Equipment
6.1.4: Growth Opportunities for the Global Smart Mining Market by Region
6.2: Emerging Trends in the Global Smart Mining Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Smart Mining Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Smart Mining Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: ABB
7.2: Caterpillar
7.3: Cisco Systems
7.4: Hexagon
7.5: Hitachi
7.6: Komatsu
7.7: Robert Bosch
7.8: Rockwell Automation
7.9: Sandvik
7.10: SAP
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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