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Mechanical Mine Clearance System Market Set to Expand with a CAGR of 2.7% during the forecast period 2016 to 2024

According to a new market research report published by Credence Research “Mechanical Mine Clearance System Market (Equipment Size – Light Machines (Upto 5 tons, Medium Machines (5 to 20 tons), Heavy Machines (More than 20 tons); Control Type – Manual Controlled, Remote Controlled) – Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2024” the global mechanical mine clearance system market is estimated to expand with a CAGR of 2.7% from 2016 to 2024.

The purpose of the report is to illustrate the state of the market of Mechanical Mine Clearance System, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

Browse here for full report: https://www.credenceresearch.com/report/mechanical-mine-clearance-system-market

Market Insights

Mine clearance, also called as demining, is one of the most crucial operations of the five major mine actions. The process includes surveys, land mapping and minefield marking along with actual clearance of mines from the concerned land. Traditionally, the process is achieved through manual detection methods using metal detectors, well-trained dogs, prodder or an excavation kit. However, due to significant risk of casualties involved in manual detection, mechanical mine clearance systems have gained remarkable growth over the period of time.

Mechanical mine clearance systems are heavy vehicles designed to detonate the underlying mines with minimal damage to the equipment and operator. These are typically heavy machines having the most popular mass range starting from 5 tons to 15 tons (basic weight of the vehicle). Higher mass coupled with its structure, mechanical mine clearance form one of the safest methods for demining application. Due to substantial reliability and minimized casualty rate, the market growth is projected to remain robust during the forecast period. Nevertheless, high cost of the equipment and operation poses major challenge for the market growth.

On the basis of equipment size, the market is further segmented into three major segments viz. – lightweight (upto 5 tons), medium weight (5 tons to 20 tons) and heavy weight (more than 20 tons). Based on the mode of operation, the market is segment into remote controlled and manual controlled mine clearance system. As of 2015, the remotely controlled mine clearance system segment leads the overall market worldwide, in terms of revenue and volume.

Competitive Insights:

The overall mechanical mine clearance system market is quite fragmented in nature with large number of manufacturers worldwide. The concentration of these equipment vendors is centered majorly in Europe region. Apart from Europe, Asia Pacific possesses considerable number of market players. The most significant strategy adopted by the market players is providing machines capable of handling multiple tasks. In addition, the market players are now more focused towards manufacturing remotely controlled equipment having higher operating range. This is followed so as to ensure optimum safety of the personnel operating in the mine field. Some of the major companies operating in the market include Aardvark Clear Mine Ltd., Armtrac Ltd., Digger DTR, Kawasaki Heavy Industries Ltd., Armtrac Ltd., Komatsu Ltd., Krohn, MineWolf Systems AG, Scanjack AB and Yamanashi Hitachi among others.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Mechanical Mine Clearance System buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Mechanical Mine Clearance System contains:

Analysis and forecast of Mechanical Mine Clearance System market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Mechanical Mine Clearance System market;

Assessment and forecast of Mechanical Mine Clearance System market development;

Financial and business profiles of the leading companies in the Mechanical Mine Clearance System industry.

Scope

– Up to date working Mechanical Mine Clearance System data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Mechanical Mine Clearance System for the period 2018 to 2026

– Planned Mechanical Mine Clearance System additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Mechanical Mine Clearance System projects by region, key countries, and companies

– Details of major planned Mechanical Mine Clearance System projects in the world up to 2026

Also you can request us for sample in pdf with more details and graph: https://www.credenceresearch.com/sample-request/58372

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