- Increasing demand for advanced mining equipment is a major factor expected to drive growth of the global mining automation market.
- Rising adoption of automation in mining is also expected to grow the market.
- High installation cost and stringent government regulations are expected to restrain the growth of the market.
Global Mining Automation industry is witness to expand with 5.30% CAGR over the forecast period 2019-2028 and was valued at around $2.9 billion in 2019.
The Study on International Mining Automation market, 2018 contains an inception on new trends that can assist the businesses implementing in the Mining Automation industry to comprehend the market and make the policies for their business evolution accordingly. The Mining Automation research report analyze the market size, Mining Automation industry share, chief drivers for extension, major sectors, and CAGR.
Mining Automation firmly established international traders are giving strong competition to new comers in the Mining Automation market as they battle with technological advancement, dependability and quality problems. The Mining Automation report will give the answer to questions about the current Mining Automation market development and the rival scope, opportunity, Mining Automation cost and more.
Global Mining Automation Market: Dynamics
Increasing demand for advanced mining equipment for underground mining techniques to safeguard mining workers is a major factor expected to drive growth of the global mining automation market over the forecast period. In addition, rising adoption of automation in mining to eliminate human operative interference from dangerous environments and for real time atmospheric monitoring and safety alerts is another factor expected to further fuel growth of the target market over the forecast period.
Furthermore, increasing technological advancements and rising investment by major manufacturers for the development of automated vehicle for mining industry and digitization of mining processes are some other factors expected to boost growth of the global market over the forecast period.
However, high installation cost and stringent government regulations related to depletion of natural non-renewable resources are major factors expected to restrain the growth of the global market to a certain extent.
Leading Mining Automation Industry Players Included In The Report Are:
Autonomous Solutions Inc, Caterpillar Inc, Trimble Inc, Sandvik AB, Atlas Copco AB, Hexagon AB (publ), Hitachi, Ltd, Komatsu Ltd, Mine Site Technologies Pty Limited, RPMGlobal Holdings Limited