The Mine Rescue Vehicle Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Mine Rescue Vehicle Global Market Report 2024, The mine rescue vehicle market size has grown rapidly in recent years. It will grow from $2.8 billion in 2023 to $3.23 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to stringent safety regulations, increased focus on worker safety, growing awareness of mine hazards, mining industry expansion, collaboration with emergency services, corporate social responsibility initiatives, government support for mine safety.
The mine rescue vehicle market size is expected to see rapid growth in the next few years. It will grow to $5.1 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to global mining industry trends, focus on rapid response capabilities, integration with advanced communication systems, training and simulation initiatives, international collaboration in mine safety, environmental and sustainability concerns.. Major trends in the forecast period include technological advancements, increased focus on safety, customization and modular design, sustainable and eco-friendly solutions, collaboration with emergency services.
Rising mining and construction activities are expected to propel the growth of the mine rescue vehicle market going forward. Mining involves extracting valuable minerals and resources from the earth, while construction encompasses the building of structures and infrastructure using various materials and techniques. Rising mining activities increase the demand for mining rescue vehicles as they lead to potential safety risks and emergencies in mines, necessitating specialized vehicles equipped for swift and effective response to accidents, fires, or other hazardous situations in the mining industry. For instance, in June 2023, according to the Australian Bureau of Statistics, an Australia-based government organization responsible for statistical collection and analysis for the government of Australia, spending on mineral exploration activities increased to $1,069.9 million, an increase of 19.4% compared to $174.0 million in March 2023. Therefore, rising mining and construction activities will drive the growth of the mine rescue vehicle market.
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The mine rescue vehicle market covered in this report is segmented –
1) By Vehicle Type: Passenger Shuttle Or Car, Ambulance, Fire And Rescue Truck
2) By Capacity: Light And Medium Duty Mine Rescue Vehicles, Heavy Duty Mine Rescue Vehicles
3) By Mine Type: Surface Mining, Underground Mining
Major companies in the mining rescue vehicle market are focused on introducing innovative vehicles to ensure efficient and effective rescue operations in challenging mining environments and gain a competitive advantage. For instance, in June 2023, Dragerwerk AG & Co. KGaA, a Germany-based manufacturer of medical and safety products, and Hermann Paus Maschinenfabrik GmbH, a Germany-based manufacturer of special-purpose machines and vehicles, launched the latest mobile mine rescue equipment solution, the MR Fire Truck. The primary objective of the MR Fire Truck is to ensure the safe and reliable transportation of rescue units to the incident site, minimizing response times. This is achieved through the utilization of the two-axle PAUS MinCa 18A vehicle, which has a proven track record in mine operations and is integrated with Dräger’s state-of-the-art life support equipment. It includes a protected driver’s cabin equipped with a breathing apparatus, enabling safe operation in challenging environments. Additionally, the vehicle is designed to facilitate the transportation of rescue teams and heavy equipment across hazardous tunnel sections.
The mine rescue vehicle market report table of contents includes:
1. Executive Summary
2. Mine Rescue Vehicle Market Characteristics
3. Mine Rescue Vehicle Market Trends And Strategies
4. Mine Rescue Vehicle Market – Macro Economic Scenario
5. Global Mine Rescue Vehicle Market Size and Growth
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26. South America Mine Rescue Vehicle Market
27. Brazil Mine Rescue Vehicle Market
28. Middle East Mine Rescue Vehicle Market
29. Africa Mine Rescue Vehicle Market
30. Mine Rescue Vehicle Market Competitive Landscape And Company Profiles
Top Major Players:
- Daimler Truck AG
- Liebherr-International Deutschland GmbH,
- Dragerwerk AG & Co. KGaA
- REV Group Inc
- Rosenbauer International AG
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