North America Underground Mining Equipment Market - Industry Trends and Forecast to 2031
North America underground mining equipment market is projected to register a CAGR of 5.5% in the forecast period of 2022 to 2029. The new market report contains data for the historic year 2020, the base year of calculation is 2021 and the forecast period is 2022 to 2029
Market Segmentation:
North America Underground Mining Equipment Market, By Mining Equipment (Mining Dozers/Loaders, Mining Drills, Mining Haulers, Others), Power Output (Less Than 500 hp, 500-2000 hp, Greater than 2000 hp), Mining Method (Longwall Mining, Room and Pillar, Block Caving, Shrinkage Stoping, Sublevel Caving, Cut and Fill Mining, Others), Movement Based (Wheeled, Crawler), Drive Type (Human Drivers, Autonomous), application (Metal Mining, Coal Mining, Non-Metal Mining), Purchase Mode (Rented/Leased, New Purchase), Operating Weight (More Than 14,000kg, Less Than 14,000kg), Propulsion Type (Diesel, Electric, CNG/LNG/RNG), By Country (U.S., Canada and Mexico) Industry Trends and Forecast To 2028
Some of the major factors contributing to the growth of the North America underground mining equipment market are:
• Increasing demand for coal for electricity production
• Increasing rental service of underground mining equipment in the industry
Market Players:
The key market players for North America underground mining equipment market are listed below:
• AARD Mining Equipment
• AB Volvo
• BELAZ
• Boart Longyear
• Caterpillar
• Epiroc AB
• FLSmidth
• Hitachi Construction Machinery Co., Ltd.
• Hyundai Doosan Infracore, Komatsu Ltd.
• Liebherr, Liugong Machinery Co., Ltd.
• Metso Outotec
• MINE MASTER LTD
• QINGDAO FAMBITION HEAVY MACHINERY CO., LTD.
• RDH-SCHARF
• Sandvik AB
• SANY Groups
• Terex Corporation
• XCMG Group
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