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Mining Equipment-Global Market Insights and Sales Trends 2024
Synopsis
The Mining Equipment includes the consumption of underground mining equipment and Surface mining equipment, such as crushing, pulverizing and screening machinery, portable drilling rigs and parts, portable crushing, screening, washing and combination plants, drills and other machinery (except parts).
In this report, we mainly do research and analysis for drill jumbo, drilling rig and drilling machine.
The global Mining Equipment market size is expected to reach US$ 1558 million by 2029, growing at a CAGR of 1.8% from 2023 to 2029. The market is mainly driven by the significant applications of Mining Equipment in various end use industries. The expanding demands from the Metal Mining, Mineral Mining and Coal Mining,, are propelling Mining Equipment market. Surface Mining Equipment, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Underground Mining Equipment segment is estimated at % CAGR for the next seven-year period.
The major players in global Mining Equipment market include Caterpillar, Komatsu, etc. The top 2 players occupy over 30% shares of the global market. North America and Asia-Pacific are main markets, they occupy about 50% of the global market. Surface Mining Equipment and Underground Mining Equipment are main types, with a share about 70%. Metal Mining is the main application, which holds a share about 50%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Mining Equipment, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Mining Equipment market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Mining Equipment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Mining Equipment sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Mining Equipment covered in this report include Caterpillar, Komatsu, AB Volvo, Hitachi Construction, Joy Global(P&H), Sandvik, Atlas Copco, Metso and Thyssenkrupp, etc.
The global Mining Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Caterpillar
Komatsu
AB Volvo
Hitachi Construction
Joy Global(P&H)
Sandvik
Atlas Copco
Metso
Thyssenkrupp
Liebherr
Terex Mining
Kawasaki
Zhengzhou Coal Mining Machinery
Weir Group
FLSmidth
Tenova TAKRAF
Doosan
SANYI
NHI
Furukawa
Global Mining Equipment market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Mining Equipment market, Segment by Type:
Surface Mining Equipment
Underground Mining Equipment
Mining Drills & Breakers
Crushing, Pulverizing, & Screening Equipment
Global Mining Equipment market, by Application
Metal Mining
Mineral Mining
Coal Mining
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Mining Equipment manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Mining Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The Mining Equipment includes the consumption of underground mining equipment and Surface mining equipment, such as crushing, pulverizing and screening machinery, portable drilling rigs and parts, portable crushing, screening, washing and combination plants, drills and other machinery (except parts).
In this report, we mainly do research and analysis for drill jumbo, drilling rig and drilling machine.
The global Mining Equipment market size is expected to reach US$ 1558 million by 2029, growing at a CAGR of 1.8% from 2023 to 2029. The market is mainly driven by the significant applications of Mining Equipment in various end use industries. The expanding demands from the Metal Mining, Mineral Mining and Coal Mining,, are propelling Mining Equipment market. Surface Mining Equipment, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Underground Mining Equipment segment is estimated at % CAGR for the next seven-year period.
The major players in global Mining Equipment market include Caterpillar, Komatsu, etc. The top 2 players occupy over 30% shares of the global market. North America and Asia-Pacific are main markets, they occupy about 50% of the global market. Surface Mining Equipment and Underground Mining Equipment are main types, with a share about 70%. Metal Mining is the main application, which holds a share about 50%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Mining Equipment, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Mining Equipment market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Mining Equipment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Mining Equipment sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Mining Equipment covered in this report include Caterpillar, Komatsu, AB Volvo, Hitachi Construction, Joy Global(P&H), Sandvik, Atlas Copco, Metso and Thyssenkrupp, etc.
The global Mining Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Caterpillar
Komatsu
AB Volvo
Hitachi Construction
Joy Global(P&H)
Sandvik
Atlas Copco
Metso
Thyssenkrupp
Liebherr
Terex Mining
Kawasaki
Zhengzhou Coal Mining Machinery
Weir Group
FLSmidth
Tenova TAKRAF
Doosan
SANYI
NHI
Furukawa
Global Mining Equipment market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Mining Equipment market, Segment by Type:
Surface Mining Equipment
Underground Mining Equipment
Mining Drills & Breakers
Crushing, Pulverizing, & Screening Equipment
Global Mining Equipment market, by Application
Metal Mining
Mineral Mining
Coal Mining
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Mining Equipment manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Mining Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Mining Equipment Market Overview
1.1 Mining Equipment Product Overview
1.2 Mining Equipment Market Segment by Type
1.2.1 Surface Mining Equipment
1.2.2 Underground Mining Equipment
1.2.3 Mining Drills & Breakers
1.2.4 Crushing, Pulverizing, & Screening Equipment
1.3 Global Mining Equipment Market Size by Type
1.3.1 Global Mining Equipment Market Size Overview by Type (2018-2029)
1.3.2 Global Mining Equipment Historic Market Size Review by Type (2018-2023)
1.3.3 Global Mining Equipment Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Mining Equipment Sales Breakdown by Type (2018-2023)
1.4.2 Europe Mining Equipment Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Mining Equipment Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Mining Equipment Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Mining Equipment Sales Breakdown by Type (2018-2023)
2 Global Mining Equipment Market Competition by Company
2.1 Global Top Players by Mining Equipment Sales (2018-2023)
2.2 Global Top Players by Mining Equipment Revenue (2018-2023)
2.3 Global Top Players by Mining Equipment Price (2018-2023)
2.4 Global Top Manufacturers Mining Equipment Manufacturing Base Distribution, Sales Area, Product Type
2.5 Mining Equipment Market Competitive Situation and Trends
2.5.1 Mining Equipment Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Mining Equipment Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Mining Equipment as of 2022)
2.7 Date of Key Manufacturers Enter into Mining Equipment Market
2.8 Key Manufacturers Mining Equipment Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Mining Equipment Status and Outlook by Region
3.1 Global Mining Equipment Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Mining Equipment Historic Market Size by Region
3.2.1 Global Mining Equipment Sales in Volume by Region (2018-2023)
3.2.2 Global Mining Equipment Sales in Value by Region (2018-2023)
3.2.3 Global Mining Equipment Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Mining Equipment Forecasted Market Size by Region
3.3.1 Global Mining Equipment Sales in Volume by Region (2024-2029)
3.3.2 Global Mining Equipment Sales in Value by Region (2024-2029)
3.3.3 Global Mining Equipment Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Mining Equipment by Application
4.1 Mining Equipment Market Segment by Application
4.1.1 Metal Mining
4.1.2 Mineral Mining
4.1.3 Coal Mining
4.2 Global Mining Equipment Market Size by Application
4.2.1 Global Mining Equipment Market Size Overview by Application (2018-2029)
4.2.2 Global Mining Equipment Historic Market Size Review by Application (2018-2023)
4.2.3 Global Mining Equipment Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Mining Equipment Sales Breakdown by Application (2018-2023)
4.3.2 Europe Mining Equipment Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Mining Equipment Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Mining Equipment Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Mining Equipment Sales Breakdown by Application (2018-2023)
5 North America Mining Equipment by Country
5.1 North America Mining Equipment Historic Market Size by Country
5.1.1 North America Mining Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Mining Equipment Sales in Volume by Country (2018-2023)
5.1.3 North America Mining Equipment Sales in Value by Country (2018-2023)
5.2 North America Mining Equipment Forecasted Market Size by Country
5.2.1 North America Mining Equipment Sales in Volume by Country (2024-2029)
5.2.2 North America Mining Equipment Sales in Value by Country (2024-2029)
6 Europe Mining Equipment by Country
6.1 Europe Mining Equipment Historic Market Size by Country
6.1.1 Europe Mining Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Mining Equipment Sales in Volume by Country (2018-2023)
6.1.3 Europe Mining Equipment Sales in Value by Country (2018-2023)
6.2 Europe Mining Equipment Forecasted Market Size by Country
6.2.1 Europe Mining Equipment Sales in Volume by Country (2024-2029)
6.2.2 Europe Mining Equipment Sales in Value by Country (2024-2029)
7 Asia-Pacific Mining Equipment by Region
7.1 Asia-Pacific Mining Equipment Historic Market Size by Region
7.1.1 Asia-Pacific Mining Equipment Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Mining Equipment Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Mining Equipment Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Mining Equipment Forecasted Market Size by Region
7.2.1 Asia-Pacific Mining Equipment Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Mining Equipment Sales in Value by Region (2024-2029)
8 Latin America Mining Equipment by Country
8.1 Latin America Mining Equipment Historic Market Size by Country
8.1.1 Latin America Mining Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Mining Equipment Sales in Volume by Country (2018-2023)
8.1.3 Latin America Mining Equipment Sales in Value by Country (2018-2023)
8.2 Latin America Mining Equipment Forecasted Market Size by Country
8.2.1 Latin America Mining Equipment Sales in Volume by Country (2024-2029)
8.2.2 Latin America Mining Equipment Sales in Value by Country (2024-2029)
9 Middle East and Africa Mining Equipment by Country
9.1 Middle East and Africa Mining Equipment Historic Market Size by Country
9.1.1 Middle East and Africa Mining Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Mining Equipment Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Mining Equipment Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Mining Equipment Forecasted Market Size by Country
9.2.1 Middle East and Africa Mining Equipment Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Mining Equipment Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Caterpillar
10.1.1 Caterpillar Company Information
10.1.2 Caterpillar Introduction and Business Overview
10.1.3 Caterpillar Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Caterpillar Mining Equipment Products Offered
10.1.5 Caterpillar Recent Development
10.2 Komatsu
10.2.1 Komatsu Company Information
10.2.2 Komatsu Introduction and Business Overview
10.2.3 Komatsu Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Komatsu Mining Equipment Products Offered
10.2.5 Komatsu Recent Development
10.3 AB Volvo
10.3.1 AB Volvo Company Information
10.3.2 AB Volvo Introduction and Business Overview
10.3.3 AB Volvo Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.3.4 AB Volvo Mining Equipment Products Offered
10.3.5 AB Volvo Recent Development
10.4 Hitachi Construction
10.4.1 Hitachi Construction Company Information
10.4.2 Hitachi Construction Introduction and Business Overview
10.4.3 Hitachi Construction Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Hitachi Construction Mining Equipment Products Offered
10.4.5 Hitachi Construction Recent Development
10.5 Joy Global(P&H)
10.5.1 Joy Global(P&H) Company Information
10.5.2 Joy Global(P&H) Introduction and Business Overview
10.5.3 Joy Global(P&H) Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Joy Global(P&H) Mining Equipment Products Offered
10.5.5 Joy Global(P&H) Recent Development
10.6 Sandvik
10.6.1 Sandvik Company Information
10.6.2 Sandvik Introduction and Business Overview
10.6.3 Sandvik Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Sandvik Mining Equipment Products Offered
10.6.5 Sandvik Recent Development
10.7 Atlas Copco
10.7.1 Atlas Copco Company Information
10.7.2 Atlas Copco Introduction and Business Overview
10.7.3 Atlas Copco Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Atlas Copco Mining Equipment Products Offered
10.7.5 Atlas Copco Recent Development
10.8 Metso
10.8.1 Metso Company Information
10.8.2 Metso Introduction and Business Overview
10.8.3 Metso Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Metso Mining Equipment Products Offered
10.8.5 Metso Recent Development
10.9 Thyssenkrupp
10.9.1 Thyssenkrupp Company Information
10.9.2 Thyssenkrupp Introduction and Business Overview
10.9.3 Thyssenkrupp Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Thyssenkrupp Mining Equipment Products Offered
10.9.5 Thyssenkrupp Recent Development
10.10 Liebherr
10.10.1 Liebherr Company Information
10.10.2 Liebherr Introduction and Business Overview
10.10.3 Liebherr Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Liebherr Mining Equipment Products Offered
10.10.5 Liebherr Recent Development
10.11 Terex Mining
10.11.1 Terex Mining Company Information
10.11.2 Terex Mining Introduction and Business Overview
10.11.3 Terex Mining Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Terex Mining Mining Equipment Products Offered
10.11.5 Terex Mining Recent Development
10.12 Kawasaki
10.12.1 Kawasaki Company Information
10.12.2 Kawasaki Introduction and Business Overview
10.12.3 Kawasaki Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Kawasaki Mining Equipment Products Offered
10.12.5 Kawasaki Recent Development
10.13 Zhengzhou Coal Mining Machinery
10.13.1 Zhengzhou Coal Mining Machinery Company Information
10.13.2 Zhengzhou Coal Mining Machinery Introduction and Business Overview
10.13.3 Zhengzhou Coal Mining Machinery Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Zhengzhou Coal Mining Machinery Mining Equipment Products Offered
10.13.5 Zhengzhou Coal Mining Machinery Recent Development
10.14 Weir Group
10.14.1 Weir Group Company Information
10.14.2 Weir Group Introduction and Business Overview
10.14.3 Weir Group Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Weir Group Mining Equipment Products Offered
10.14.5 Weir Group Recent Development
10.15 FLSmidth
10.15.1 FLSmidth Company Information
10.15.2 FLSmidth Introduction and Business Overview
10.15.3 FLSmidth Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.15.4 FLSmidth Mining Equipment Products Offered
10.15.5 FLSmidth Recent Development
10.16 Tenova TAKRAF
10.16.1 Tenova TAKRAF Company Information
10.16.2 Tenova TAKRAF Introduction and Business Overview
10.16.3 Tenova TAKRAF Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Tenova TAKRAF Mining Equipment Products Offered
10.16.5 Tenova TAKRAF Recent Development
10.17 Doosan
10.17.1 Doosan Company Information
10.17.2 Doosan Introduction and Business Overview
10.17.3 Doosan Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Doosan Mining Equipment Products Offered
10.17.5 Doosan Recent Development
10.18 SANYI
10.18.1 SANYI Company Information
10.18.2 SANYI Introduction and Business Overview
10.18.3 SANYI Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.18.4 SANYI Mining Equipment Products Offered
10.18.5 SANYI Recent Development
10.19 NHI
10.19.1 NHI Company Information
10.19.2 NHI Introduction and Business Overview
10.19.3 NHI Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.19.4 NHI Mining Equipment Products Offered
10.19.5 NHI Recent Development
10.20 Furukawa
10.20.1 Furukawa Company Information
10.20.2 Furukawa Introduction and Business Overview
10.20.3 Furukawa Mining Equipment Sales, Revenue and Gross Margin (2018-2023)
10.20.4 Furukawa Mining Equipment Products Offered
10.20.5 Furukawa Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Mining Equipment Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Mining Equipment Industrial Chain Analysis
11.4 Mining Equipment Market Dynamics
11.4.1 Mining Equipment Industry Trends
11.4.2 Mining Equipment Market Drivers
11.4.3 Mining Equipment Market Challenges
11.4.4 Mining Equipment Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Mining Equipment Distributors
12.3 Mining Equipment Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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