The IMARC Group provides extensive analysis of the mining truck industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on mining truck size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Mining Truck Market Overview:
The global mining truck market size reached US$ 22.0 Billion in 2021.Looking forward, IMARC Group expects the market to reach US$ 29.1 Billion by 2027, exhibiting a growth rate (CAGR) of 4.9% during 2022-2027. Mining truck represents heavy-duty dump trucks that are specifically engineered for use in high-production mining and transportation of rocks. They are available in several product types, such as rear dump trucks, lube trucks, bottom dump trucks, water trucks, etc. These mining truck models can efficiently maneuver in off-road and off-highway conditions and are also equipped to work on slippery roads. They are mostly utilized to haul and transport large quantities of mined material with ease. Consequently, mining truck variants find extensive applications across various sectors, including mining, construction, waste management, etc.
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Mining Truck Market Trends/ Drivers:
The expanding mining industry and the increasing need for hassle-free and efficient transportation of mined materials are primarily driving the mining truck market. In addition to this, the growing automation of mining operations to improve productivity and reduce damage caused by on-site accidents is acting as another significant growth-inducing factor. Moreover, the elevating usage of electric trucks to lower the emission of greenhouse gases during mining activities is further augmenting the global market. Besides this, the rising exploration of new coalfields and extraction of precious metals, owing to the escalating demand for energy, minerals, and ores across countries, is expected to bolster the mining truck market in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Type, Application, Payload Capacity, Drive, Region |
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global mining truck market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, application, payload capacity, and drive.
Competitive Landscape:
- BEML Limited
- Bryan Industries Pty Ltd
- Caterpillar Inc.
- CNH Industrial N.V.
- Deere & Company
- Doosan Corporation
- Hitachi Construction Machinery Co., Ltd.
- Komatsu Ltd.
- Kress Corporation
- OJSC BelAZ
- Sany Group Co., Ltd.
- Voltas Limited
- Volvo Group
- XCMG Group, etc.
Breakup by Type:
- Bottom Dump
- Rear Dump
- Lube
- Tow
- Water
- Others
Breakup by Application:
- Coal Mining
- Iron Mining
- Copper Mining
- Aluminum Mining
- Others
Breakup by Payload Capacity:
- <90 Metric Tons
- 90≤149 Metric Tons
- 150≤290 Metric Tons
- >290 Metric Tons
Breakup by Drive:
- Mechanical Drive
- Electrical Drive
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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