
Mining Truck Market by Type (Articulated Trucks, Rigid Trucks), Drive System (Autonomous Drive, Electrical Drive, Mechanical Drive), Application - Global Forecast 2023-2030
Description
Mining Truck Market by Type (Articulated Trucks, Rigid Trucks), Drive System (Autonomous Drive, Electrical Drive, Mechanical Drive), Application - Global Forecast 2023-2030
The Mining Truck Market size was estimated at USD 35.92 billion in 2022 and expected to reach USD 37.96 billion in 2023, at a CAGR 6.34% to reach USD 58.75 billion by 2030.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Mining Truck Market.
- Based on Type, market is studied across Articulated Trucks and Rigid Trucks. The Rigid Trucks is projected to witness significant market share during forecast period.
- Based on Drive System, market is studied across Autonomous Drive, Electrical Drive, and Mechanical Drive. The Electrical Drive is projected to witness significant market share during forecast period.
- Based on Application, market is studied across Open-Pit Mining and Underground Mining. The Underground Mining is projected to witness significant market share during forecast period.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Mining Truck Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Mining Truck Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Mining Truck Market, highlighting leading vendors and their innovative profiles. These include Ashok Leyland by Hinduja Group, Bell Equipment Limited, BEML Limited, Caterpillar Inc., CNH INDUSTRIAL N.V., Deere & Company, Dongfeng Liuzhou Automobile Co., Ltd., Doosan Corporation, Epiroc AB, First Mode Holdings, Inc., Hitachi Ltd., Hyundai Motor Company, Industrie Macchine Perlini spa by the Cangialeoni Group, KNOW-HOW Group., Komatsu Ltd., Kress Corporation, Liebherr-International Deutschland GmbH, Mahindra & Mahindra Limited, Mercedes-Benz Group AG, Oy Sisu Auto Ab, Renault Trucks, Sandvik AB, SANY Group, Scania Group, Shandong Dihui Machinery Technology Co., Ltd., Tata Motors Limited, Terex Corporation, Volvo Group, WEICHAI POWER CO.,LTD, and Xuzhou Construction Machinery Group Co., Ltd..
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Mining Truck Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Mining Truck Market?
- What is the competitive strategic window for identifying opportunities in the Mining Truck Market?
- What are the latest technology trends and regulatory frameworks in the Mining Truck Market?
- What is the market share of the leading vendors in the Mining Truck Market?
- Which modes and strategic moves are suitable for entering the Mining Truck Market?
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
181 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Mining Truck Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Investments in expansion of mining activities worldwide
- 5.1.1.2. Need for replacement and modernization of existing mining fleets
- 5.1.1.3. Improved hauling capacity and efficiency of mining trucks
- 5.1.2. Restraints
- 5.1.2.1. High cost of ownership and maintenance of mining trucks
- 5.1.3. Opportunities
- 5.1.3.1. Introduction of predictive maintenance in mining trucks
- 5.1.3.2. Emergence of electric and autonomous mining trucks
- 5.1.4. Challenges
- 5.1.4.1. Safety concerns & environmental hazards of mining trucks
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 6. Mining Truck Market, by Type
- 6.1. Introduction
- 6.2. Articulated Trucks
- 6.3. Rigid Trucks
- 7. Mining Truck Market, by Drive System
- 7.1. Introduction
- 7.2. Autonomous Drive
- 7.3. Electrical Drive
- 7.4. Mechanical Drive
- 8. Mining Truck Market, by Application
- 8.1. Introduction
- 8.2. Open-Pit Mining
- 8.3. Underground Mining
- 9. Americas Mining Truck Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Mining Truck Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Mining Truck Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. FPNV Positioning Matrix
- 12.2. Market Share Analysis, By Key Player
- 12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
- 12.3.1.1. First Mode to combine with Anglo American's zero-emission truck business
- 12.3.2. Agreement, Collaboration, & Partnership
- 12.3.2.1. Allison Transmission Partners with SANY to Expand Presence in Global Wide Body Mining Dump Truck Market
- 12.3.2.2. Cummins And Komatsu to Collaborate On Advancing Development Of Zero Emissions Mining Haul Trucks
- 12.3.3. New Product Launch & Enhancement
- 12.3.3.1. Caterpillar Successfully Demonstrates First Battery Electric Large Mining Truck and Invests in Sustainable Proving Ground
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.1.1. Ashok Leyland by Hinduja Group
- 13.1.2. Bell Equipment Limited
- 13.1.3. BEML Limited
- 13.1.4. Caterpillar Inc.
- 13.1.5. CNH INDUSTRIAL N.V.
- 13.1.6. Deere & Company
- 13.1.7. Dongfeng Liuzhou Automobile Co., Ltd.
- 13.1.8. Doosan Corporation
- 13.1.9. Epiroc AB
- 13.1.10. First Mode Holdings, Inc.
- 13.1.11. Hitachi Ltd.
- 13.1.12. Hyundai Motor Company
- 13.1.13. Industrie Macchine Perlini spa by the Cangialeoni Group
- 13.1.14. KNOW-HOW Group.
- 13.1.15. Komatsu Ltd.
- 13.1.16. Kress Corporation
- 13.1.17. Liebherr-International Deutschland GmbH
- 13.1.18. Mahindra & Mahindra Limited
- 13.1.19. Mercedes-Benz Group AG
- 13.1.20. Oy Sisu Auto Ab
- 13.1.21. Renault Trucks
- 13.1.22. Sandvik AB
- 13.1.23. SANY Group
- 13.1.24. Scania Group
- 13.1.25. Shandong Dihui Machinery Technology Co., Ltd.
- 13.1.26. Tata Motors Limited
- 13.1.27. Terex Corporation
- 13.1.28. Volvo Group
- 13.1.29. WEICHAI POWER CO.,LTD
- 13.1.30. Xuzhou Construction Machinery Group Co., Ltd.
- 13.2. Key Product Portfolio
- 14. Appendix
- 14.1. Discussion Guide
- 14.2. License & Pricing
Pricing
Currency Rates
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