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Underground Mining Market By Product (Supported, Unsupported, Caving) , By Operator (Contract Mining, Operator Mining) By Application (Coal Mining, Metal Mining, Mineral Mining, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033

July 2024 | 212 pages | ID: U4779AEB1571EN
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Underground Mining Market

The underground mining market was valued at $23.1 Billion in 2023, and is projected t%li%reach $28.5 Billion by 2033, growing at a CAGR of 2.1% from 2024 t%li%2033

Underground mining involves the extraction of minerals, ores, and other geological materials from the underground surface of the earth. In this form of mining, holes are created on the earth’s surface by blasting. On average, underground mining involves digging up t%li%1,000ft deeper int%li%the Earth’s surface. However, for some minerals such as uranium the earth is dug up t%li%an extreme range of 6,500ft.

Surge in the expansion of industrialization and urbanization has boosted the demand for metals & minerals, hence driving the growth of the underground mining market. In addition, scarcity of resources on the upper surface of the earth is increasing the requirement for underground mining t%li%dig deeper and extract resources. The market development is significantly propelled by advancements in technology, including automation and improved ventilation systems. Moreover, real-time monitoring technique is boosting the adoption of innovative mining technologies as the technique ensures improved worker safety and amplified productivity. The trend of AI has assimilated int%li%the operations of underground mining. Mining companies have begun t%li%use the attributes of AI such as data analytics and automation t%li%optimize their operations, reduce downtime, and lower the maintenance costs. AI further facilitates the prediction of geotechnical conditions, assisting the mining companies in decision making regarding risk mitigation.

However, underground mining is a cost-intensive procedure as it requires significant expenditure for different activities such as ventilation, drilling, ground support, and safety measures. This hampers the development of the underground mining market. Furthermore, the market growth is subject t%li%several regulatory measures pertaining t%li%worker safety, environment protection, and resource management. Compliance with these regulations is an intricate and time-consuming process, which delays the development. According t%li%Statista, a global data and business intelligence platform, the net profit margin of the global mining industry has declined from 25% in 2010 t%li%14% in 2022. Contrarily, explorations in deep-sea mining and advancements in underwater robotics for extraction are poised t%li%open new avenues for the market expansion.

Segment Review

The underground mining market is segmented int%li%product, operator, application, and region. On the basis of product, the market is divided int%li%supported, unsupported, and caving. Depending on operator, it is bifurcated int%li%contract mining and operator mining. As per application, it is classified int%li%coal mining, metal mining, mineral mining, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Key Findings

On the basis of product, the supported segment acquired a high stake in the market in 2023.

Depending on operator, the contract mining segment held a high market share in 2023.

As per application, the coal mining segment accounted for a high market share in 2023.

Region wise, Asia-Pacific is anticipated t%li%be the highest revenue generator by 2033.

Competition Analysis

The major players of the global underground mining market include BHP, Angl%li%American PLC., Ri%li%Tinto, Vale SA, Implats Platinum Limited, MMC Norilsk Nickel PJSC, Amur Minerals Corporation, Alcoa Corporation, The Redpath Group, and GBF Underground Mining Company Limited. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships t%li%strengthen their foothold in the competitive market.

Additional benefits you will get with this purchase are:
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      • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting t%li%16 analyst hours t%li%solve questions, and post-sale queries)
    • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent t%li%3 working days of free work, applicable once)
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Possible Customization with this report (with additional cost and timeline, please talk t%li%the sales executive t%li%know more)
  • Capital Investment breakdown
  • Average Consumer Expenditure
    • Additional company profiles with specific t%li%client's interest
Key Market Segments

By Product
  • Supported
  • Unsupported
  • Caving
By Operator
  • Contract Mining
  • Operator Mining
By Application
  • Coal Mining
  • Metal Mining
  • Mineral Mining
  • Others
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • Latin America
  • Brazil
  • Argentina
  • Rest of
  • Middle East Africa
  • South Africa
  • UAE
  • Soudi Arabia
  • Rest of Middle East Africa
  • Key Market Players
  • BHP
    • Angl%li%American PLC.
    • Ri%li%Tinto
  • Vale SA
  • Implats Platinum Limited
  • MMC Norilsk Nickel PJSC
  • Amur Minerals Corporation
  • Alcoa Corporation
  • The Redpath Group
  • GBF Underground Mining Company Limited
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: GENERAL AVIATION MARKET, BY PRODUCT

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Product
4.2. Helicopters
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. Piston Fixed-wing Aircraft
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country
4.4. Turboprop Aircraft
  4.4.1. Key Market Trends, Growth Factors and Opportunities
  4.4.2. Market Size and Forecast, By Region
  4.4.3. Market Share Analysis, By Country
4.5. Business Jet
  4.5.1. Key Market Trends, Growth Factors and Opportunities
  4.5.2. Market Size and Forecast, By Region
  4.5.3. Market Share Analysis, By Country

CHAPTER 5: GENERAL AVIATION MARKET, BY APPLICATION

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Application
5.2. Commercial
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. Non-Commercial
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country

CHAPTER 6: GENERAL AVIATION MARKET, BY REGION

6.1. Market Overview
  6.1.1 Market Size and Forecast, By Region
6.2. North America
  6.2.1. Key Market Trends and Opportunities
  6.2.2. Market Size and Forecast, By Product
  6.2.3. Market Size and Forecast, By Application
  6.2.4. Market Size and Forecast, By Country
  6.2.5. U.S. General Aviation Market
    6.2.5.1. Market Size and Forecast, By Product
    6.2.5.2. Market Size and Forecast, By Application
  6.2.6. Canada General Aviation Market
    6.2.6.1. Market Size and Forecast, By Product
    6.2.6.2. Market Size and Forecast, By Application
  6.2.7. Mexico General Aviation Market
    6.2.7.1. Market Size and Forecast, By Product
    6.2.7.2. Market Size and Forecast, By Application
6.3. Europe
  6.3.1. Key Market Trends and Opportunities
  6.3.2. Market Size and Forecast, By Product
  6.3.3. Market Size and Forecast, By Application
  6.3.4. Market Size and Forecast, By Country
  6.3.5. France General Aviation Market
    6.3.5.1. Market Size and Forecast, By Product
    6.3.5.2. Market Size and Forecast, By Application
  6.3.6. Germany General Aviation Market
    6.3.6.1. Market Size and Forecast, By Product
    6.3.6.2. Market Size and Forecast, By Application
  6.3.7. Italy General Aviation Market
    6.3.7.1. Market Size and Forecast, By Product
    6.3.7.2. Market Size and Forecast, By Application
  6.3.8. UK General Aviation Market
    6.3.8.1. Market Size and Forecast, By Product
    6.3.8.2. Market Size and Forecast, By Application
  6.3.9. Russia General Aviation Market
    6.3.9.1. Market Size and Forecast, By Product
    6.3.9.2. Market Size and Forecast, By Application
  6.3.10. Rest of Europe General Aviation Market
    6.3.10.1. Market Size and Forecast, By Product
    6.3.10.2. Market Size and Forecast, By Application
6.4. Asia-Pacific
  6.4.1. Key Market Trends and Opportunities
  6.4.2. Market Size and Forecast, By Product
  6.4.3. Market Size and Forecast, By Application
  6.4.4. Market Size and Forecast, By Country
  6.4.5. China General Aviation Market
    6.4.5.1. Market Size and Forecast, By Product
    6.4.5.2. Market Size and Forecast, By Application
  6.4.6. Japan General Aviation Market
    6.4.6.1. Market Size and Forecast, By Product
    6.4.6.2. Market Size and Forecast, By Application
  6.4.7. India General Aviation Market
    6.4.7.1. Market Size and Forecast, By Product
    6.4.7.2. Market Size and Forecast, By Application
  6.4.8. South Korea General Aviation Market
    6.4.8.1. Market Size and Forecast, By Product
    6.4.8.2. Market Size and Forecast, By Application
  6.4.9. Rest of Asia-Pacific General Aviation Market
    6.4.9.1. Market Size and Forecast, By Product
    6.4.9.2. Market Size and Forecast, By Application
6.5. Latin America
  6.5.1. Key Market Trends and Opportunities
  6.5.2. Market Size and Forecast, By Product
  6.5.3. Market Size and Forecast, By Application
  6.5.4. Market Size and Forecast, By Country
  6.5.5. Brazil General Aviation Market
    6.5.5.1. Market Size and Forecast, By Product
    6.5.5.2. Market Size and Forecast, By Application
  6.5.6. Argentina General Aviation Market
    6.5.6.1. Market Size and Forecast, By Product
    6.5.6.2. Market Size and Forecast, By Application
  6.5.7. REST of Latin America General Aviation Market
    6.5.7.1. Market Size and Forecast, By Product
    6.5.7.2. Market Size and Forecast, By Application
6.6. Middle East And Africa
  6.6.1. Key Market Trends and Opportunities
  6.6.2. Market Size and Forecast, By Product
  6.6.3. Market Size and Forecast, By Application
  6.6.4. Market Size and Forecast, By Country
  6.6.5. UAE General Aviation Market
    6.6.5.1. Market Size and Forecast, By Product
    6.6.5.2. Market Size and Forecast, By Application
  6.6.6. Saudi Arabia General Aviation Market
    6.6.6.1. Market Size and Forecast, By Product
    6.6.6.2. Market Size and Forecast, By Application
  6.6.7. South Africa General Aviation Market
    6.6.7.1. Market Size and Forecast, By Product
    6.6.7.2. Market Size and Forecast, By Application
  6.6.8. Rest of Middle East And Africa General Aviation Market
    6.6.8.1. Market Size and Forecast, By Product
    6.6.8.2. Market Size and Forecast, By Application

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top Winning Strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top Player Positioning, 2023

CHAPTER 8: COMPANY PROFILES

8.1. Bombardier Inc.
  8.1.1. Company Overview
  8.1.2. Key Executives
  8.1.3. Company Snapshot
  8.1.4. Operating Business Segments
  8.1.5. Product Portfolio
  8.1.6. Business Performance
  8.1.7. Key Strategic Moves and Developments
8.2. Dassault Aviation
  8.2.1. Company Overview
  8.2.2. Key Executives
  8.2.3. Company Snapshot
  8.2.4. Operating Business Segments
  8.2.5. Product Portfolio
  8.2.6. Business Performance
  8.2.7. Key Strategic Moves and Developments
8.3. Embraer
  8.3.1. Company Overview
  8.3.2. Key Executives
  8.3.3. Company Snapshot
  8.3.4. Operating Business Segments
  8.3.5. Product Portfolio
  8.3.6. Business Performance
  8.3.7. Key Strategic Moves and Developments
8.4. General Dynamics Corporation
  8.4.1. Company Overview
  8.4.2. Key Executives
  8.4.3. Company Snapshot
  8.4.4. Operating Business Segments
  8.4.5. Product Portfolio
  8.4.6. Business Performance
  8.4.7. Key Strategic Moves and Developments
8.5. Textron Inc.
  8.5.1. Company Overview
  8.5.2. Key Executives
  8.5.3. Company Snapshot
  8.5.4. Operating Business Segments
  8.5.5. Product Portfolio
  8.5.6. Business Performance
  8.5.7. Key Strategic Moves and Developments
8.6. Airbus SE
  8.6.1. Company Overview
  8.6.2. Key Executives
  8.6.3. Company Snapshot
  8.6.4. Operating Business Segments
  8.6.5. Product Portfolio
  8.6.6. Business Performance
  8.6.7. Key Strategic Moves and Developments
8.7. Cirrus Design Corporation
  8.7.1. Company Overview
  8.7.2. Key Executives
  8.7.3. Company Snapshot
  8.7.4. Operating Business Segments
  8.7.5. Product Portfolio
  8.7.6. Business Performance
  8.7.7. Key Strategic Moves and Developments
8.8. Honda Motor Co., Ltd.
  8.8.1. Company Overview
  8.8.2. Key Executives
  8.8.3. Company Snapshot
  8.8.4. Operating Business Segments
  8.8.5. Product Portfolio
  8.8.6. Business Performance
  8.8.7. Key Strategic Moves and Developments
8.9. Leonardo S.p.A
  8.9.1. Company Overview
  8.9.2. Key Executives
  8.9.3. Company Snapshot
  8.9.4. Operating Business Segments
  8.9.5. Product Portfolio
  8.9.6. Business Performance
  8.9.7. Key Strategic Moves and Developments
8.10. Pilatus Aircraft Ltd
  8.10.1. Company Overview
  8.10.2. Key Executives
  8.10.3. Company Snapshot
  8.10.4. Operating Business Segments
  8.10.5. Product Portfolio
  8.10.6. Business Performance
  8.10.7. Key Strategic Moves and Developments
8.11. Robinson Helicopter Company Inc
  8.11.1. Company Overview
  8.11.2. Key Executives
  8.11.3. Company Snapshot
  8.11.4. Operating Business Segments
  8.11.5. Product Portfolio
  8.11.6. Business Performance
  8.11.7. Key Strategic Moves and Developments


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