The "Mining Automation Market - Forecasts From 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
The mining automation market is projected to grow at a CAGR of 6.09% to reach US$2.436 billion by 2023, from US$1.709 billion in 2017.
The stringent regulations on worker's safety is resulting in firms switching to automated solutions, that allows them to reduce the number of workers on the mining site, while simultaneously, enabling them to improve productivity and generate higher profits.
The ability of automated solutions to increase the productivity is significantly driving the mining automation market. Moreover, the growing investment in mining exploration activity is further supplementing the growth of the market during the forecast period.
Major industry players profiled as part of the report are Caterpillar, Hitachi, Ltd., Volvo Group, and Komatsu among others.