According to Goldstein Research, China underground mining equipment market is expected to reach USD17.2 billion by the end of 2024 from USD 10.0 billion in 2016, growing at a CAGR of 7.0%. Growing industrialization, adaptation of advanced technology and government regulations over mining are the dring factors in the growth of underground mining equipment market. China underground mining equipment market segmentation has beendoneon the basis of mining method and application. Coal mining witnessed maximum application of underground mining equipment, as China holds leading position in the production and supply of coal. China underground mining equipment markethas been growing at a decent rate as the mining equipment suppliers have leveled up their capacities and adapted the advanced technologies. But the mine safety issue still persists and requires immediate attention.
Market Segmentation
On the basis of our in-depth analysis, ChinaUnderground Mining EquipmentMarket can be segmented as follows:
By Mining Method
Longwall Mining
Block Caving
Sublevel Caving
Room and Pillar Mining
Cut and Fill Mining
Shrinkage Stoping
Others
By Application
Coal Mining
Metal Mining
Mineral Mining

“China Underground Mining Equipment MarketOutlook 2024”contains detailed overview of the China underground mining equipment market.On the basis of our in-depth analysis, market can be segmented by mining method and application.
Further, for the in-depth analysis, China Underground Mining Equipment Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asCaterpillar Inc, Komatsu Mining Corp (Joy China), Atlas Copco, Metso Corporation, Sandvik AB, Hitachi Construction Machinery Ltd,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the Chinaunderground mining equipment market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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