Continuous Miners are earthmoving equipment utilized for the underground mining. Mostly these continuous miners are used in coal mining. The design of continuous miners make them versatile in nature. The tool fitted with the arms is adjustable according to the need of mining height.
Continuous miners are large in size, having rigid frame and battery or engine powered machine with lift arms. However, mostly continuous miners are engine powered machine, owing to its high efficiency. Continuous miners has seven main parts such as cutter, gathering head, conveyor, traction, dust collector, manifold hydraulics and electrical circuits.
Continuous miners are remotely operated as well as have driver cabin, this feature make them highly maneuverable. There are some factors that decide which type of Continuous Miners is used in particular operation such as cutting height and type of work. Owing to several benefits, the demand for continuous miners is estimated to witness the significant growth in the upcoming years.
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Continuous Miners Market: Market Dynamics
Increasing mining activities around the globe is expected to be a key driving factor for the growth of continuous miners market. Rising energy demand in the developed and developing countries has fueled the demand of coal mining, which in turn, accelerate the growth of continuous miners market. The adoption of innovative technology in mining process is estimated to propel the demand of electrical continuous miners, hence contributing to the growth of continuous Miners market.
Moreover, the rise in number of power generation projects is also one of the most important factors boosting the growth of continuous miners market. Additionally, the Continuous Miners are also used in rock salt mining and potash mining, owing to its advanced technology and high efficiency. This factor is projected to fuel the growth of continuous miners market.
The high cost incurred in its preventive maintenance as well as high initial investment is expected to hamper the growth of continuous Miners market during the forecast period.
In current scenario, rental system of versatile equipment is expected to gain traction in the mining and construction industry which in turn, is projected to boost the growth of continuous miners market. The demand of renting construction equipment in medium and small sized enterprises is quite high, so the prominent vendors in the equipment manufacturing sector are providing continuous miners on rent.
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Continuous Miners Market: Regional Overview
The Global Continuous Miners market can be divided into seven geographical regions such as North America, Latin America, Europe, SEA & Pacific, China, Japan, Middle East and Africa. The Continuous Miners market is expected to witness healthy growth rate in the countries of Latin America, owing to increase in mining activities and new investment in the mining by foreign players.
India, SEA & Pacific are also estimated to hold prominent share in the Continuous Miners market, due to the rapid growth in mining industry in the region during the forecast period. Some of the prominent economies in the European region such as Germany, Italy, UK, France and Russia among others are expected to contribute a prominent share in the said market during the forecast period.
Moreover, North America grow with significant growth rate owing to presence of all prominent manufacturers in the region.
Continuous Miners Market: Market Participants
Examples of some of the market participants identified across the value chain of the global Continuous Miners market includes:
- Phillips Machine Services, Inc.
- Joy Global Inc
- ATB Morley
- Sandvik Group
- Toyota Corporation (Toyota Continuous Miners)
- Esco Corporation
- Cincinnati Mine Machinery Co.
- China LM Heavy Industry Science and Technology Co. LTD
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Continuous Miners Market: Segmentation
Continuous Miners Market can be segmented on the basis of End Use, Cutting height and Cutter type
On the basis of End Use, Continuous Miners market can be segmented into:
- Coal Mining
- Rock salt Mining
- Potash Mining
On the basis of cutting height, tractor scrapper market can be segmented into:
- Below 3m
- Between 3m – 4m
- Above 4m
On the basis of Cutter type, tractor scrapper market can be segmented into:
- Borer type
- Oscillating type
- Horizontal drum type
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