Komatsu Ltd., Sandvik AB, and AB Volvo are dominating the CIS Underground Mining Equipment Market in 2022

Commonwealth of Independent States (CIS) Underground Mining Equipment Market is said to grow with the CAGR of 5.3% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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CIS underground mining equipment market is a highly fragmented market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

Komatsu Ltd is the dominating player in CIS underground mining equipment market. The other key players existing in the market includes Sandvik AB, AB Volvo, XCMG Group, Hyundai Doosan Infracore, Belaz, Boart Longyear, Caterpillar, Epiroc AB, FLSmidth, Hitachi Construction Machinery Co.Ltd, Liebherr, Liugong Machinery Co.Ltd, Metso Outotec, Mine Master, Qingdao Fambition Heavy Machinery Co.Ltd, Sany Group, Terex Corporation, among others.

Commonwealth of Independent States (CIS) Underground Mining Equipment Market Komatsu Ltd

Komatsu Ltd is headquartered in Tokyo, Japan and was founded in 1921. The company manufactures construction, mining, forestry and military equipment, as well as diesel engines and industrial equipment like press machines, lasers and thermoelectric generators. The company offers wide range of products categories such as Large Excavators, Large Wheel Loaders, Large Bulldozers, Motor Graders, Dump Trucks, Rope Shovels, Hybrid Shovels, Electric Wheel Loaders, Continuous Miners, Jumbo Drills One in which Large Excavators, Large Wheel Loaders, Large Bulldozers, Motor Graders, Dump Trucks, Rope Shovels, Hybrid Shovels, Electric Wheel Loaders, Continuous Miners, Jumbo Drills the market focused category. The business is segmented into Construction, Mining, and Utility Equipment Business, Retail Finance, Industrial Machinery and Others.

  • In October 2021, Komatsu Ltd. announced that they are collaborating with Proterra Inc, a leading innovator in commercial vehicle electrification technology, and Komatsu Ltd. They will be collaborating to electrify next-generation underground mining machines using Proterra’s battery technology. Here Proterra will supply its H Series battery system technology to the company for the development of battery-electric LHDs, drills and bolters for underground hard rock mining. Thus the company will be able to bring zero-emissions mining solutions to underground hard rock.

The company has wide global presence across South America, North America, Europe, Asia-Pacific, Middle East and Africa with its various subsidiaries such as Komatsu Forest AB (Sweden), Komatsu Mining (U.S.), Komatsu NTC Ltd. (Japan), Komatsu Industries Corp. (Japan) among others.

Sandvik AB

Sandvik AB is headquartered in Stockholm, Sweden. and was founded in 1862. The company is specialized in in mining and rock excavation, rock processing, metal cutting and materials technology. The company offers wide range of products categories such as Metal-cutting and Digital Manufacturing Solutions, Mining and Construction Equipment And Tools, Stainless Steels, Special Alloys and Titanium, Additive Manufacturing, Tungsten Powder and Recycling of Tools, Furnace Products and Heating Systems, Other devices in which Mining and Construction Equipment and Tools is the market focused category.

  • In December 2021, Sandvik AB announced the acquisition of the South African based company Kwatani, a leading supplier of screens and feeders for the mining industry. The company will be reported in Stationary Crushing and Screening division in Sandvik Rock Processing Solutions. Thus the acquisition will help the company to expand its product portfolio and presence in South Africa.

The company has wide global presence across South America, North America, Europe, Asia-Pacific, Middle East and Africa with its various subsidiaries such as Sandvik Australia Pty. Ltd. (Australia), Sandvik Australian Ltd. (Australia), Sandvik Holding Do Brasil Ltd (Brazil), Sandvik Bulgaria Ltd. (Bulgaria) among others

AB Volvo

AB Volvo is headquartered in Gothenburg, Sweden and was founded in 1927. The company is engaged in the production, distribution and sale of trucks, buses and construction equipment The Company operates in business segment Trucks, Group Functions & Other, Financial Services, Volvo Penta, Buses, Construction Equipment is the market focused segment. The company offers products like Crawler Excavators, Wheeled Excavators, Compact Excavators, Articulated Haulers, Rigid Haulers, Large Wheel Loaders, Compact Wheel Loaders, Demolition Equipment, Asphalt Pavers, Asphalt Compactors, Soil Compactors, Pipelayers, Forestry Equipment, Electric Machines & Crawler Excavators, Wheeled Excavators, Compact Excavators, Articulated Haulers, Rigid Haulers, Large Wheel Loaders, Compact Wheel Loaders is the market focused category.

  • In October 2021, AB Volvo introduced the three new electric compact machines which are the L20 Electric, EC18 Electric and ECR18 Electric. The machines provide customers with a cleaner, more silent and more comfortable work environment. Thus with this the company will take a step towards the zero value chain greenhouse gas emissions.

The company has wide global presence across South America, North America, Europe, Asia-Pacific, Middle East and Africa with its various subsidiaries such as Volvo Lastvagnar AB (Sweden), Volvo Autonomous Solutions AB (Sweden), UD Trucks Corporation (Japan), Volvo Bussar AB (Sweden) among others.