Epiroc introduced Mobius for Drills, a new platform for converting data into useful, actionable information in collaboration with ASI Mining LLC. Mines will benefit from Mobius for Drills' automation and communication.
Newmont and Caterpillar announced a strategic alliance to achieve zero emissions mining by transforming mining with a comprehensive mining system which includes the rapid deployment of an autonomous haulage fleet (all-electric) with an investment of USD 100 million.
Author Credits: Richa Gupta, Harshita Srivastava
Report ID: 3430
Published Date: Aug 11, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing product launches by key players, technological innovations, rising underground mining activities, and growing construction activities. are the major factors driving the market growth.
The market is anticipated to attain a CAGR of 3.62% over the forecast period, i.e., 2023 â€“ 2033.
The major players in the market are Komatsu Ltd, Mine Master, Boart Longyear, MacLean Engineering & Marketing Co., J.H. Fletcher & Co., Inc., Sandvik AB, Caterpillar Inc., EPIROC AB, Hager Equipment Company and Normet Group.
The room & pillar extraction segment are anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.