The “Underground Mining Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 – By Product, Technology, Grade, Application, End-user and Region” report has been added to ResearchAndMarkets.com’s offering.
The underground mining market is expected to experience growth driven by the increased adoption of technology and the demand for contractual mining services.
Integration of technology in mining infrastructure, equipment, and services is expected to improve the reliability and safety of underground mining operations. Coal, minerals, and metals will remain key drivers of underground mining, with coal mining offering significant revenue generation opportunities. Stoping will continue to be the preferred underground mining method.
Currently, underground mining accounts for approximately 12% of the total run-of-mine (ROM) production, with Latin America (LATAM) leading in terms of volume, followed closely by Oceania. LATAM will remain a key region for the underground mining market, with Africa and Australia also playing important roles.
Australia is expected to be a critical revenue generator in the Asian subcontinent. Exploration activities in countries like Australia, China, Brazil, India, and Africa are expected to support the expansion of underground mining. The report provides an analysis of dense underground mining locations in Australia, including Western Australia, South Australia, New South Wales (NSW), Queensland, Northern Territory, and Tasmania.
Overall, the underground mining market is poised for growth, driven by technological advancements, contractual mining services, and the continued demand for coal, minerals, and metals.
Rise in Global Metal Yield Contributes to Market Growth
The mining industry has witnessed a remarkable resurgence following the impact of COVID-19, resulting in a favorable year for the sector in terms of annual revenue in 2020. Post-2020, investments in mining activities have continued to increase. This is further fueled by the growing demand for metals, especially precious metals like gold, platinum, silver, and titanium.
This increased demand for metals is expected to be a significant driver for underground mining. There is also a growing need for efficient underground mining of sought-after metals such as copper, zinc, nickel, and iron ore. The sustained growth in global metal production is likely to benefit the underground mining market.
Leading Players in the Underground Mining Market
The report will offer a comprehensive view of the competition landscape in the global underground mining market.
Key companies to be profiled in the competition analysis include
- Anglo American Plc
- BHP
- Rio Tinto
- Vale
- Alcoa Corporation
- Norilsk Nickel
- Glencore
- Codelco
- Jitegemee Holdings Company
- Barminco
- GBF Underground Mining Company
- OZ Minerals
- Jiangxi Copper
Key Topics Covered:
1. Executive Summary
1.1. Global Underground Mining Market: Snapshot
1.2. Future Projections, 2022-2030, (US$ Mn)
1.3. Key Segment Analysis and Competitive Insights
1.4. Premium Insights
2. Market Overview
2.1. Market Definitions and Segmentation
2.2. Market Dynamics
2.2.1. Driver
2.2.1.1. Open-pit mines are becoming deeper, it becomes difficult to mine high grade ores, haulage cost of overburden will increase
2.2.2. Restraint
2.2.2.1. Stringent environmental regulations
2.3. Industry Challenges & Opportunities
2.4. Value Chain Analysis
2.5. Porters Five Forces Analysis
2.6. Challenges and Solutions
2.7. COVID-19 Impact Analysis
2.8. Pre and Post Covid-19 Analysis
2.9. Regulatory Scenario
2.10. Market Background
2.10.1. World Minerals Production Overview
2.10.2. Global Mining Exploration Spending
2.10.3. Foreign Investments
2.11. Economic Analysis
3. Price Analysis
3.1. Key Price Indicators
3.2. Factors Affecting Mining Cost
3.3. Price Analysis
4. Global Underground Mining Market Outlook, 2019 – 2030
4.1. Global Underground Mining Market Outlook, by Rock Type, Value (US$ Mn), 2019 – 2030
4.1.1. Key Highlights
4.1.1.1. Hard Rock
4.1.1.2. Soft Rock (Coal)
4.1.1.3. Soft Rock (Minerals)
4.1.2. Market Attractiveness Analysis
4.2. Global Underground Mining Market Outlook, by Method, Value (US$ Mn), 2019 – 2030
4.2.1. Key Highlights
4.2.1.1. Supported
4.2.1.1.1. Shrinkage Stoping
4.2.1.1.2. Room and Pillar
4.2.1.1.3. Cut and Fill
4.2.1.1.4. Misc.
4.2.1.2. Unsupported
4.2.1.2.1. Sublevel Caving
4.2.1.2.2. Block Caving
4.2.1.2.3. Sublevel Stoping
4.2.2. Market Attractiveness Analysis
4.3. Global Underground Mining Market Outlook, by Region, Value (US$ Mn), 2019 – 2030
4.3.1. Key Highlights
4.3.1.1. North America
4.3.1.2. Europe
4.3.1.3. Asia Pacific
4.3.1.4. Latin America
4.3.1.5. Middle East & Africa
4.3.2. Market Attractiveness Analysis
For more information about this report visit https://www.researchandmarkets.com/r/wxao2e
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