Mining Equipment & Services · Indirect
Monitoring · monthlyProcurement Category Intelligence
Continuous Miners
Overview
Market size
$3.4B
global, USD
CAGR
4.2%
base to forecast
Buyer power
-1.8
supplier-favoured
Suppliers
4
tracked players
Signals
12
1 high severity
Market outlook
2031$4.2B
What changed
Demand by region
Asia Pacific demand45%
North America demand25%
Europe demand15%
Latin America demand10%
Rest of world demand5%
share of global demandtotal 100%
Cost drivers
High-strength structural steel and heavy alloy forgings35%
Direct and structural manufacturing labor25%
Tungsten carbide and specialty cobalt cutter matrices15%
Refined copper, traction motors, and drive electronics15%
Petroleum and gas derived synthetic lubricants and polymers10%
share of delivered cost (analyst estimate)