Market Research Logo

Global Mining Truck Market 2017-2021

Global Mining Truck Market 2017-2021

About Mining Truck

Mining trucks are defined as specialized trucks used for carrying and hauling mining materials such as minerals, metals, and coal. The global truck mining market is segmented into light-duty vehicles, medium-duty vehicles, and heavy-duty vehicles. When the gross weight of the vehicle is more than 33,069 lbs., it is termed as a heavy-duty vehicle. Mining trucks are heavy-duty machines, which are used to haul minerals and other mining materials from one place to another.Technavio’s analysts forecast the global mining truck market to grow at a CAGR of 5.90% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global mining truck market for 2017-2021. To calculate the market size, the report considers only new demand to be generated in the coming years.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Mining Truck Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Caterpillar
  • Hitachi Construction Machinery
  • Komatsu
  • Liebherr
  • Terex Trucks
Other prominent vendors
  • Ashok Leyland
  • Asia Motors
  • Atlas Copco
  • BELAZ
  • BEML
  • BharatBenz
  • CNH Industrial
  • Deere & Company
  • KRESS CORPORATION
  • Mack Trucks
  • MAN Truck & Bus
  • PACCAR Australia Pty
  • Sandvik
  • SANY GROUP
  • Scania
  • Tata Motors
  • TATRA TRUCKS
Market driver
  • Smart mining equipment demand
  • For a full, detailed list, view our report
Market challenge
  • Over-dependence on China
  • For a full, detailed list, view our report
Market trend
  • Rise in rental equipment
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Releases

Technavio Announces the Publication of its Research Report – Global Mining Truck Market 2017-2021

Technavio recognizes the following companies as the key players in the global mining truck market: Caterpillar, Hitachi Construction Machinery, Komatsu, Liebherr, and Terex Trucks.

Other Prominent Vendors in the market are: Ashok Leyland, Asia Motors, Atlas Copco, BELAZ, BEML, BharatBenz, CNH Industrial, Deere & Company, KRESS CORPORATION, Mack Trucks, MAN Truck & Bus, PACCAR Australia Pty, Sandvik, SANY GROUP, Scania, Tata Motors, and TATRA TRUCKS.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rise in rental equipment. Purchasing new equipment is expensive. Therefore, small and medium enterprises (SMEs) often rent equipment to save on costs. Mining equipment, such as trucks, require a large sum for down payment and insurance, license fees, and taxes, further adding to the cost.”

According to the report, one driver in the market is smart mining equipment demand. The World Bank has predicted a growth of only 0.5% for the global mining industry in the coming years. Since the mining sector is in the midst of a gradual recovery, most mining companies are adopting advanced and automated technologies to boost productivity. Lower grade ores, precarious commodity markets, the decline in productivity, spiraling operational costs, and declining resource pools have remained major threats for the mining sector.

Further, the report states that one challenge in the market is over-dependence on China. China is the largest producer and consumer of steel and therefore, plays a crucial role in controlling key commodities through subsidies and production capacity. For instance, steel factories in China receive subsidies for their power and petroleum utilization, which enables these factories to export their steel at lower rates than those in other countries. China is responsible for nearly 70% of global iron ore demand and roughly for 40% of global copper demand. Furthermore, 12 of the top 40 mining companies are based in China.

Companies Mentioned

Caterpillar, Hitachi Construction Machinery, Komatsu, Liebherr, Terex Trucks, Ashok Leyland, Asia Motors, Atlas Copco, BELAZ, BEML, BharatBenz, CNH Industrial, Deere & Company, KRESS CORPORATION, Mack Trucks, MAN Truck & Bus, PACCAR Australia Pty, Sandvik, SANY GROUP, Scania, Tata Motors, and TATRA TRUCKS.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Frame manufacturing process of mining trucks
      • Table Global mining truck market by product 2016-2021 ($ billions)
      • Table Global mining truck market by geography 2016-2021 ($ billions)
  • Market landscape
    • Market overview
      • Table Global mining truck market segmentation
    • Market size and forecast
      • Table Global mining truck market 2016-2021 ($ billions)
      • Table Upcoming mining projects 2017
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global mining truck market by product
      • Table Global mining truck market by product
      • Table Global mining truck market by product share 2016 and 2021 (%)
    • 90-150-ton mining truck
      • Table Global mining truck market by 90-154-ton mining trucks 2016-2021 ($ billions)
    • 154-255-ton mining trucks
      • Table Global mining truck market by 154-255-ton mining trucks 2016-2021 ($ billions)
    • 290-363-ton mining trucks
      • Table Global mining truck market by 290-363-ton mining trucks 2016-2021 ($ billions)
  • Geographical segmentation
    • Global mining truck market by geography
      • Table Global mining truck market by geography 2016 and 2021 (%)
    • Mining truck market in APAC
      • Table Mining truck market in APAC 2016-2021 ($ billions)
      • Table Key mining highlights in APAC 2016-2017
    • Mining truck market in Americas
      • Table Mining truck market in Americas 2016-2021 ($ billions)
      • Table Key mining highlights in Americas 2016-2017
    • Mining truck market in EMEA
      • Table Mining truck market in EMEA 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global smart mining equipment market 2017-2020 ($ billions)
    • Market challenges
      • Table World steel production by region
      • Table Key points of Paris Climate Change agreement
  • Market trends
    • Autonomous haulage systems
    • Increase in safety features
      • Table Common safety measures for mining trucks
    • Rise in rental equipment
      • Table Pros and cons of rented equipment
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Caterpillar
      • Table Caterpillar: Business segments
      • Table Caterpillar: Equipment product portfolio
      • Table Caterpillar: Mining trucks
      • Table Caterpillar: Key news
    • Hitachi Construction Machinery
      • Table HCM: Equipment product portfolio
      • Table Hitachi Construction Machinery: Mining trucks
      • Table Hitachi Construction Machinery: Key news
    • Komatsu
      • Table Komatsu: Equipment product portfolio
      • Table Komatsu: Mining trucks
      • Table Komatsu: Key news
    • Liebherr
      • Table Liebherr: Equipment product portfolio
      • Table Liebherr: Mining trucks
      • Table Liebherr: Key news
    • Terex Trucks
      • Table Terex Trucks: Mining trucks
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report