openPR Logo
Press release

Mechanical Mine Clearance Systems

While the need for safe demining action is gradually becoming a necessity, the world awaits the arrival of affordable mechanical mine clearance systems. Demining action continues to gain traction across the globe, driving the adoption of mechanical mine clearance systems and reducing the casualty incidence rate while planting active landmines. Furthermore, the urgency of clearing landmines for rehabilitation purposes is also prompting the use of mechanical mine clearance systems. Persistence Market Research’s recently published report estimates the global market for mechanical mine clearance systems to be presently valued at US$ 38.2 Mn, and anticipates it to bring US$ 51.7 Mn by the end of 2024.

Request for sample report: https://www.persistencemarketresearch.com/samples/13216

According to the report, titled “Mechanical Mine Clearance System Market: Global Industry Analysis and Forecast, 2016-2024,” the global market for mechanical mine clearance systems is projected to grow at a moderate pace, registering 3.9% CAGR over the forecast period. Factors that restrain the adoption of mechanical mine clearance systems include:

High Installation Costs: Initial costs of setting up mechanical mine clearance systems, through rent or outright purchase, adds further complications to the end-user. Costly rentals apprehend operators from using the mechanical mine clearance vehicle in unreliable territories. Purchasing them becomes impractical as the cost of even a single unit is likely to add quite a lot of liability on the owner.

Expensive Maintenance: The most crucial liability after purchasing mechanical mine clearance systems is maintaining them. Maintenance of mechanical mine clearance systems puts extra burden on the customers that will benefit from demining activities.

Safety Concerns: Using mechanical mine clearance vehicles is hazardous for industrial workers. Complex operational mechanism and the risk of damaging vehicle from abrupt demining mishaps is also restraining their use in the mechanical demining market. Since mechanical mine clearance systems were developed to reduce onsite casualty rate in demining activities, such safety concerns depict a reversing image of these vehicles before potential buyers.

Request Report TOC @ https://www.persistencemarketresearch.com/methodology/13216

Lack of Skilled Professionals: Despite of having remote control, operators face challenges in maneuvering mechanical mine clearance vehicles through cameras and display assistance. The operator is guarded in a safe armored area, but a risky line of work as such could easily scare millions of professional equipment operators.

The report reveals that in 2016, not more than fifty-five mechanical mine clearance systems were sold in the world, and that this number is expected to reach 71 by 2024-end. These systems are available at an average price per unit of US$ 675,000. So, spending half a million dollars on a demining vehicle serves as a deterrent for active consumption of mechanical mine clearance systems. Regardless, more than 60% of global mechanical mine clearance system market is dominated by costly mine flail systems. The demand for mine flails has been projected to grow in the years to come, while combine mechanical mine clearance vehicles will register revenue growth at more than 4% CAGR.

Seven out of ten mechanical mine clearance systems sold in the world are put to use through manual operation. However, concerns regarding operator’s safety has driven the adoption of robotic or remotely-controlled mechanical mine clearance vehicles, revenues from which are projected to reach US$ 15.9 Mn by 2024-end. The report also identifies Europe as the world’s largest market for mechanical mine clearance systems. With over 40% stake in global revenues, nearly 30 mechanical mine clearance vehicles are expected to be sold in European countries by the end of 2024. Second-in-line is the Middle East & Africa (MEA) region, which will consume over fifteen mechanical mine clearance systems by the end of forecast period.

Leading manufacturers of mechanical mine clearance systems include Hydrema Holdings ApS, Rheinmetall AG, Armtrac Limited, Aardvark Clear Mine Ltd., Digger DTR – Demining Technologies, CEFA, Way Industries a.s., DOK-ING d.o.o., MineWolf Systems AG, and Scanjack AB.

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Mechanical Mine Clearance Systems here

News-ID: 1478474 • Views:

More Releases from Persistence Market Research

Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Market Overview: The frozen foods market consists of a wide range of products, including frozen fruits and vegetables, meat and seafood, ready-to-eat meals, and desserts. These products are preserved through freezing to maintain freshness and quality for an extended period. Market Size and Growth: The global market for frozen foods is forecasted to be of valuation US$ 281.0 Billion in the year 2022 which is expanding at a value CAGR of 5.1% and
The Global Graphene Market's Striking Growth and Innovative Applications
The Global Graphene Market's Striking Growth and Innovative Applications
Introduction Graphene, a single layer of carbon atoms arranged in a hexagonal lattice, has gained global recognition for its extraordinary properties, such as exceptional electrical and thermal conductivity, mechanical strength, and flexibility. Since its isolation in 2004 by Andre Geim and Konstantin Novoselov, graphene has sparked considerable interest in both scientific and industrial communities. This report explores the current state of the graphene market and its potential growth opportunities. Get Access To
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analysis, Emerging Trends with Upcoming Developments
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analys …
Market Overview: The projected global market size for cyber security mesh is expected to reach $8.8 billion by the year 2033, with an estimated valuation of $1.2 billion by 2023. This market is poised to experience a compound annual growth rate (CAGR) of 21.7% from 2023 to 2033. The global Cyber Security Mesh market is poised for significant growth as organizations worldwide grapple with the escalating threat landscape. Cybersecurity has become an
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation and Industry Size
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation …
Key market trends included a shift towards natural and plant-based ingredients, as consumers sought cleaner labels and healthier options. This drove the demand for naturally sourced beta-carotene, but synthetic beta-carotene still had its place due to its cost-effectiveness and consistency in production. The market was also influenced by regulatory changes and evolving dietary preferences, which affected the application and formulation of synthetic beta-carotene in various products. To obtain the latest market

All 5 Releases


More Releases for Demining

Mine Clearance System Market Analysis by Size, Demand, Future Trends, Challenges …
Coherent Market Insights has published a new research report titled "Mine Clearance System Market 2022 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities)", size, share, and outlook. This research offers strategic recommendations based on industry experts' consultations on market development, consumer demand, sales patterns, revenue forecasts, gross margins, and regional growth. It focuses on regional developments as well as market growth, pricing, sales patterns, revenue forecasts,
Mine Clearance System Market is Predicted to Reach US$ 52.2 Million by 2025 Regi …
Coherent Market Insights recently released a study report titled Global Mine Clearance System Market from 2022 to 2025, which is a brilliant blend of industry expertise, innovative ideas, solutions, and cutting-edge technology to provide a better experience. The report study provides the most recent market information, a breakdown of the products and services, and an analysis of the existing position in light of anticipated developments. Market segmentation, geographical data, CAGR,
Mine Clearance System Market Booming Segments, and Future Growth Overview 2022-2 …
The latest study released on the Global Mine Clearance System Market by Coherent Market Insights evaluates market size, trend, and forecast to 2025. It offers the most latest information and insightful analysis on the sector, allowing you to optimise your company plan and assure long-term revenue development. It explains existing and future market circumstances as well as the competitive dynamics of the Keyword industry. The research report's market segmentation analysis
Mine Clearance System Market Share, Industry Demand, Growth Rate, SWOT Analysis, …
Stratagem Market Insights has released a new research study on the "Mine Clearance System Market" which aims to provide a thorough examination of the factors influencing global business introduction and outlook. The Global Mine Clearance System Market Report detailed information and overview highlight the most recent trends in various regions. Leading market participants will benefit from the trading insights provided in this report. The Mine Clearance System Market research report
Mine Clearance System Market Share, Growth factors, Insights, Trends And Outlook …
According to CMI, The mine clearance system market was valued at US$ 32.9 million in 2016 and is projected to reach US$ 52.2 million by 2025, exhibiting a CAGR of 5.29% over the forecast period of The Mine Clearance System Market report from CMI explores a number of aspects of the industry, including market size, market position, market trends, and predictions. Along with significant market drivers, the study contains brief
Global Mine Clearance System Market is to Witness Significant Growth between 202 …
The Global Mine Clearance System Market report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. The report focuses on global major leading companies providing information such as company profiles, sales, sales revenue, market share and contact information. Finally the marketing, feasibility of new investment projects are assessed and overall research conclusions offered. Mine