NEW YORK, Sept. 21, 2022 /PRNewswire/ -- The "Robotics Market in Mining Industry by Application and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. According to the report the market is fragmented and highly competitive. The vendors in the market are competing in terms of cost, product quality, reliability, and aftermarket service. They are focusing on enhancing their in-house manufacturing capabilities, product offerings, R&D investments, a global network, newer technologies, and a strong client base to gain an edge over competitors. Get deeper insights into the vendor landscape, strategies adopted by them, and other important factors. Buy Full Report Now

Technavio expects the global robotics market in the mining industry to record an incremental growth of USD 2.04 billion, accelerating at a CAGR of 20.08% between 2021 and 2026. The report considers various factors such as investments related to CAPEX from the industrial sector, revenue generated by industrial machinery manufacturing companies, commodity price fluctuations, purchasing managers index (PMI), and other factors to estimate the size of the market.

The report identifies ABB Ltd., Airobotics Ltd., Autonomous Solutions Inc., Caterpillar Inc., Cisco Systems Inc., Clearpath Robotics Inc., Hexagon AB, Hitachi Ltd., Komatsu Mining Corp., Mine Site Technologies Pty Ltd., Nabors Industries Ltd., Percepto, Rockwell Automation Inc., Sandvik AB, Symboticware Inc., Trimble Inc., and Zyfra LLC as dominant vendors. Although the increase in technology investment by mining companies will offer immense growth opportunities, the high cost of deployment will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Sample Report Here

The global robotics market in the mining industry is segmented as below:

  • Application 
    • Material Handling
    • Surveying and Mapping
    • Drilling
    • Others

The market growth in the material handling segment will be significant during the forecast period. The segment is driven by the increase in the adoption of robots to ensure the safety of miners. Also, the emergence of autonomous trucks for moving rocks and ore will positively influence the growth of the segment.

  • Geography 
    • APAC
    • North America
    • Europe
    • South America
    • Middle East and Africa

48% of the market growth will originate from APAC during the forecast period. The increase in the adoption of robotics by the mining industry in countries such as Australia, China, and Japan is driving the growth of the regional market. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our robotics market in the mining industry report covers the following areas:

Robotics Market in Mining Industry 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the robotics market in the mining industry. Backed with competitive intelligence and benchmarking, our research report on the robotics market in the mining industry is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Robotics Market in Mining Industry 2022-2026: Key Highlights
  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist robotics market growth in the mining industry during the next five years
  • Estimation of the robotics market size in the mining industry and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the robotics market in the mining industry
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of robotics market vendors in the mining industry
Related Reports:

Robotics Market In Mining Industry Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 20.08%

Market growth 2022-2026

USD 2.04 billion

Market structure

Fragmented

YoY growth (%)

19.0

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 48%

Key consumer countries

US, China, Australia, India, and Russia

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., Airobotics Ltd., Autonomous Solutions Inc., Caterpillar Inc., Cisco Systems Inc., Clearpath Robotics Inc., Hexagon AB, Hitachi Ltd., Komatsu Mining Corp., Mine Site Technologies Pty Ltd., Nabors Industries Ltd., Percepto, Rockwell Automation Inc., Sandvik AB, Symboticware Inc., Trimble Inc., and Zyfra LLC

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents:

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
  • 5.2 Comparison by Application
    • Exhibit 26: Chart on Comparison by Application
    • Exhibit 27: Data Table on Comparison by Application
  • 5.3 Material handling - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Material handling - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Material handling - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Material handling - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Material handling - Year-over-year growth 2021-2026 (%)
  • 5.4 Surveying and mapping - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Surveying and mapping - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Surveying and mapping - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Surveying and mapping - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Surveying and mapping - Year-over-year growth 2021-2026 (%)
  • 5.5 Drilling - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Drilling - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Drilling - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Drilling - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Drilling - Year-over-year growth 2021-2026 (%)
  • 5.6 Others - Market size and forecast 2021-2026
    • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.7 Market opportunity by Application
    • Exhibit 44: Market opportunity by Application ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 48: Chart on Geographic comparison
    • Exhibit 49: Data Table on Geographic comparison
  • 7.3 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.4 North America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.5 Europe - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 China - Market size and forecast 2021-2026
    • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.9 US - Market size and forecast 2021-2026
    • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.10 Australia - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Australia - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Australia - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Australia - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Australia - Year-over-year growth 2021-2026 (%)
  • 7.11 Russia - Market size and forecast 2021-2026
    • Exhibit 82: Chart on Russia - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on Russia - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on Russia - Year-over-year growth 2021-2026 (%)
  • 7.12 India - Market size and forecast 2021-2026
    • Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 93: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 94: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 95: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 96: Matrix on vendor position and classification
  • 10.3 Autonomous Solutions Inc.
    • Exhibit 97: Autonomous Solutions Inc. - Overview
    • Exhibit 98: Autonomous Solutions Inc. - Product / Service
    • Exhibit 99: Autonomous Solutions Inc. - Key offerings
  • 10.4 Caterpillar Inc.
    • Exhibit 100: Caterpillar Inc. - Overview
    • Exhibit 101: Caterpillar Inc. - Business segments
    • Exhibit 102: Caterpillar Inc. - Key offerings
    • Exhibit 103: Caterpillar Inc. - Segment focus
  • 10.5 Clearpath Robotics Inc.
    • Exhibit 104: Clearpath Robotics Inc. - Overview
    • Exhibit 105: Clearpath Robotics Inc. - Product / Service
    • Exhibit 106: Clearpath Robotics Inc. - Key offerings
  • 10.6 Hexagon AB
    • Exhibit 107: Hexagon AB - Overview
    • Exhibit 108: Hexagon AB - Business segments
    • Exhibit 109: Hexagon AB - Key news
    • Exhibit 110: Hexagon AB - Key offerings
    • Exhibit 111: Hexagon AB - Segment focus
  • 10.7 Komatsu Mining Corp.
    • Exhibit 112: Komatsu Mining Corp. - Overview
    • Exhibit 113: Komatsu Mining Corp. - Business segments
    • Exhibit 114: Komatsu Mining Corp. - Key offerings
    • Exhibit 115: Komatsu Mining Corp. - Segment focus
  • 10.8 Mine Site Technologies Pty Ltd.
    • Exhibit 116: Mine Site Technologies Pty Ltd. - Overview
    • Exhibit 117: Mine Site Technologies Pty Ltd. - Product / Service
    • Exhibit 118: Mine Site Technologies Pty Ltd. - Key offerings
  • 10.9 Nabors Industries Ltd.
    • Exhibit 119: Nabors Industries Ltd. - Overview
    • Exhibit 120: Nabors Industries Ltd. - Business segments
    • Exhibit 121: Nabors Industries Ltd. - Key news
    • Exhibit 122: Nabors Industries Ltd. - Key offerings
    • Exhibit 123: Nabors Industries Ltd. - Segment focus
  • 10.10 Rockwell Automation Inc.
    • Exhibit 124: Rockwell Automation Inc. - Overview
    • Exhibit 125: Rockwell Automation Inc. - Business segments
    • Exhibit 126: Rockwell Automation Inc. - Key news
    • Exhibit 127: Rockwell Automation Inc. - Key offerings
    • Exhibit 128: Rockwell Automation Inc. - Segment focus
  • 10.11 Sandvik AB
    • Exhibit 129: Sandvik AB - Overview
    • Exhibit 130: Sandvik AB - Business segments
    • Exhibit 131: Sandvik AB - Key news
    • Exhibit 132: Sandvik AB - Key offerings
    • Exhibit 133: Sandvik AB - Segment focus
  • 10.12 Zyfra LLC
    • Exhibit 134: Zyfra LLC - Overview
    • Exhibit 135: Zyfra LLC - Product / Service
    • Exhibit 136: Zyfra LLC - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 137: Inclusions checklist
    • Exhibit 138: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 139: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 140: Research methodology
    • Exhibit 141: Validation techniques employed for market sizing
    • Exhibit 142: Information sources
  • 11.5 List of abbreviations
    • Exhibit 143: List of abbreviations
  • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
  • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/usd-20-04-bn-incremental-growth-expected-in-robotics-market-in-mining-industry--driven-by-an-increase-in-technology-investment-by-mining-companies-301628622.html

SOURCE Technavio

Recommended For You


Originally published on the TownNews Content Exchange.