Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Automated Mining Equipment Market to reach USD XX billion by the end of 2030

Global Automated Mining Equipment Market Size study & Forecast, by Technique (Surface mining technique, Underground mining technique), by Type (Equipment, Software, Communication Systems), by Workflow (Mine development, Mining process, Mine maintenance) and Regional Analysis, 2023-2030

Product Code: OIRIA-77376242
Publish Date: 20-10-2023
Page: 200

Global Automated Mining Equipment Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Automated mining equipment refers to machinery and systems that are designed to perform mining operations with minimal human intervention. These technologies utilize various sensors, control systems, and advanced software to automate tasks that were traditionally performed by human operators. Automated mining equipment is typically used in large-scale mining operations, such as open-pit mining or underground mining, where repetitive and dangerous tasks can be efficiently and safely carried out by machines. The Automated Mining Equipment market is expanding because of factors such as rapidly rising mining activities and adequate government investment to enhance mining activities.

Rising development of various mining industries is driving the market growth. According to Global Energy Monitor, in year 2018 there were around 40 new Coal Mines were in operation around the world which increased to 48 new mines in year 2022. Along with these, according to Statista, in year 2021 the production of Coal Stood at 160.1 Exajoules which was up from 151.07 exajoules in year 2020. These rising production and rising development of new coal mines would result in rising adoption of automated mining equipment to automate tasks that were traditionally performed by human operators. In addition, mining businesses all around the world are making use of technology advancements to make better use of their equipment and personnel resources to increase safety. For instance, Israel Aerospace Industries (IAI) and logistics company Bis announced their joint venture in September 2020 for “Auto-mate,” a new joint venture to deliver autonomous technologies for mining operations. IAI asserts that the JV will probably grant mining sector participants access to the advantages of automation in their operations, which boosts efficiency and safety. Such initiatives would create a lucrative growth to the market. Moreover, growing demand for increasing productivity and improving workers safety and growing concerns about reduction of operational costs is creating a lucrative opportunity to the market growth. However, the high cost of automated mining equipment and regulatory and safety issues stifles as well as security and vulnerability issues market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Automated Mining Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the dominance of key market players, rising government initiatives for oil and mining explorations activities, and rising technological advancements in equipment. Whereas, Asia Pacific region is projected to have fastest growth owing to factors such as rising number of mining projects, rising geographic expansion by key market players and active participation of government in the mining industry.

Major market player included in this report are:
Rockwell Automation Inc.
Trimble Inc.
Autonomous Solutions Inc.
Hexagon AB
Caterpillar Inc.
Hitachi Ltd.
Komatsu Ltd.
Atlas Copco
AB Volvo

Recent Developments in the Market:
Ø In December 2022, Komatsu announced the acquisition of the German company Gelsenkirchen GGH Group as part of the expansion of its underground mining equipment business. The company’s presence in the mining industries of Europe, South Africa, and India will grow as a result of this acquisition.
Ø In Aug 2022, A strategic partnership was signed between Epiroc and AARD Mining Equipment, a leading productivity and sustainability partner for mining and infrastructure development. AARD Mining Equipment is a South African producer of mining equipment.

Global Automated Mining Equipment Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Technique, Type, Workflow, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technique:
Surface mining technique
Underground mining technique

By Type:
Communication Systems

By Workflow:
Mine development
Mining process
Mine maintenance

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Automated Mining Equipment Market, by region, 2020-2030 (USD Billion)
1.2.2. Automated Mining Equipment Market, by Technique, 2020-2030 (USD Billion)
1.2.3. Automated Mining Equipment Market, by Type, 2020-2030 (USD Billion)
1.2.4. Automated Mining Equipment Market, by Workflow, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automated Mining Equipment Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automated Mining Equipment Market Dynamics
3.1. Automated Mining Equipment Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing number of mining activities Adequate government investment to enhance mining activities
3.1.2. Market Challenges High Cost of Automated Mining Equipment Regulatory and Safety Issues
3.1.3. Market Opportunities Growing demand for increasing productivity and improving workers safety Growing concerns about reduction of operational costs
Chapter 4. Global Automated Mining Equipment Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Automated Mining Equipment Market, by Technique
5.1. Market Snapshot
5.2. Global Automated Mining Equipment Market by Technique, Performance – Potential Analysis
5.3. Global Automated Mining Equipment Market Estimates & Forecasts by Technique 2020-2030 (USD Billion)
5.4. Automated Mining Equipment Market, Sub Segment Analysis
5.4.1. Surface mining technique
5.4.2. Underground mining technique
Chapter 6. Global Automated Mining Equipment Market, by Type
6.1. Market Snapshot
6.2. Global Automated Mining Equipment Market by Type, Performance – Potential Analysis
6.3. Global Automated Mining Equipment Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
6.4. Automated Mining Equipment Market, Sub Segment Analysis
6.4.1. Equipment
6.4.2. Software
6.4.3. Communication Systems
Chapter 7. Global Automated Mining Equipment Market, by Workflow
7.1. Market Snapshot
7.2. Global Automated Mining Equipment Market by Workflow, Performance – Potential Analysis
7.3. Global Automated Mining Equipment Market Estimates & Forecasts by Workflow 2020-2030 (USD Billion)
7.4. Automated Mining Equipment Market, Sub Segment Analysis
7.4.1. Mine development
7.4.2. Mining process
7.4.3. Mine maintenance
Chapter 8. Global Automated Mining Equipment Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Automated Mining Equipment Market, Regional Market Snapshot
8.4. North America Automated Mining Equipment Market
8.4.1. U.S. Automated Mining Equipment Market Technique breakdown estimates & forecasts, 2020-2030 Type breakdown estimates & forecasts, 2020-2030 Workflow breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Automated Mining Equipment Market
8.5. Europe Automated Mining Equipment Market Snapshot
8.5.1. U.K. Automated Mining Equipment Market
8.5.2. Germany Automated Mining Equipment Market
8.5.3. France Automated Mining Equipment Market
8.5.4. Spain Automated Mining Equipment Market
8.5.5. Italy Automated Mining Equipment Market
8.5.6. Rest of Europe Automated Mining Equipment Market
8.6. Asia-Pacific Automated Mining Equipment Market Snapshot
8.6.1. China Automated Mining Equipment Market
8.6.2. India Automated Mining Equipment Market
8.6.3. Japan Automated Mining Equipment Market
8.6.4. Australia Automated Mining Equipment Market
8.6.5. South Korea Automated Mining Equipment Market
8.6.6. Rest of Asia Pacific Automated Mining Equipment Market
8.7. Latin America Automated Mining Equipment Market Snapshot
8.7.1. Brazil Automated Mining Equipment Market
8.7.2. Mexico Automated Mining Equipment Market
8.8. Middle East & Africa Automated Mining Equipment Market
8.8.1. Saudi Arabia Automated Mining Equipment Market
8.8.2. South Africa Automated Mining Equipment Market
8.8.3. Rest of Middle East & Africa Automated Mining Equipment Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Rockwell Automation Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Trimble Inc.
9.3.3. Autonomous Solutions Inc.
9.3.4. ABB Ltd
9.3.5. Hexagon AB
9.3.6. Caterpillar Inc.
9.3.7. Hitachi Ltd.
9.3.8. Komatsu Ltd.
9.3.9. Atlas Copco
9.3.10. AB Volvo
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.
Enquiry Now