Underground mining refers to various techniques used to excavate hard and soft minerals, extract coal, oil shale, potash and other geological materials from sedimentary (soft) rocks. The technique is also used to excavate rocks, containing ores of metals like gold, silver, iron, copper, zinc, tin, lead and many more. The very same technique is used for extracting gems such as diamond, ruby, and emerald. Soft rock mining refers to excavation of softer minerals such as salt, coal, or oil sands. Underground mining is carried out when the rocks, minerals, or precious stones to be extracted are located at a distance far beneath the ground. The specific instruments used particularly for such kind of mining processes are called underground mining equipment. Some examples of such machines are Drilling Rigs, Road header and Tunnel Drilling Rigs.
Urbanization in the major countries across the world and the extension of industrialization particularly in emerging economies has increased the demand for metal and minerals. Improving economic conditions around the world are driving the miners to invest in advanced underground mining equipment to meet the market demand. However, high fuel consumption, greenhouse gas effects and labor safety rules and regulations inhibit the market growth. The increasing demand for technologically advanced mining equipment, growing usage of coal for heating and electricity generation and increasing construction of roads and railway tracks through hilly and mountainous regions offer opportunities for the market development.
The segmentation of underground mining equipment market is based upon Application and Geography. Based upon Application the market is categorized into Metal mining, Mineral mining and Coal mining. Based upon Geography the market is segmented as North America, Asia pacific, Europe and Rest of the world (Latin America, Africa and Middle East).
Key players of the underground mining equipment market are, Caterpillar, Sandvick, Joy Global, Hitachi.co, Atlas Copco, Ab Volvo, Doosan, Metso and Komatsu
Underground Mining Equipment Market Segmentation
The market is segmented on the basis of Application, and Geography.
- Metal Mining
- Mineral Mining
- Coal Mining
- North America
- Asia Pacific
- Rest of the World (Latin America, Africa and Middle East)
Key Market Players
- Joy Global
- Atlas Copco
- Ab Volvo