Market Overview:
The global autonomous mining truck market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for autonomous trucks in the mining industry, owing to their advantages such as improved safety, efficiency, and productivity. Based on type, the global autonomous mining truck market is segmented into small (90-150 metric tons), medium (145-190 metric tons), large (218-290 metric tons), and ultra (308-363 metric tons) trucks. The large truck segment is expected to hold the largest share of the global autonomous mining truck market during the forecast period. This can be attributed to its ability to carry larger payloads as compared with other types of trucks. Based on application,the global autonomous mining truckmarket is divided into OEM and aftermarket segments.
Product Definition:
An autonomous mining truck is a vehicle that can navigate and operate in an environment without human input. They are used extensively in the mining industry to move large quantities of earth and ore. Autonomous trucks improve safety, efficiency, and reduce costs by eliminating the need for a driver.
Small (90-150 metric tons):
Small haul trucks are used in the mining industry for transporting materials such as rocks, sand, and soil. These vehicles are equipped with a variety of equipment including loaders, scalers, and excavators among others. The demand for small haul trucks is expected to witness significant growth over the forecast period owing to increasing investments in autonomous mining technology by key players across different industry verticals. For instance; In June 2018; Komatsu Ltd.
Medium (145-190 metric tons):
The medium tonnage is expected to be the most lucrative segment in the autonomous mining truck market. The primary factor attributing to its large share includes a high level of adoption of this product in various end-use industries such as construction, agriculture and others. Additionally, increasing demand for sustainable transport solutions that are eco-friendly is also anticipated to drive medium tonnage demand over the forecast period.
Application Insights:
OEMs held the largest market share in 2017. The dominant position of OEM can be attributed to the extensive use of autonomous trucks for mining applications across various regions. Mining companies prefer to deploy autonomous trucks owing to their ability to move large rocks and reduce human labor, which eventually reduces operating costs and increases productivity.
The aftermarket segment is expected expand at a CAGR exceeding 11% from 2018 to 2030 as existing vehicles are upgraded with additional sensors and computing platforms for improved accuracy while moving along a predefined route, thereby increasing their utilization rate over other modes of transport such as road trains or lorries on roads. Increasing demand for these heavy-duty vehicles from various industries including automotive, construction, mining etc., will drive the growth of this segment over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a revenue share of more than 60% in 2017, owing to high demand from countries such as China, Australia, and India. In addition, rising investments by companies such as Deere & Company; CNH Industrial N.V.; Komatsu Ltd.; Kubota Corporation; and others are anticipated to drive growth over the next eight years.
The autonomous mining trucks market in Europe is projected to grow at a significant rate during the forecast period due to increasing automation across various industries especially mining sector which has resulted into huge job losses globally which can be counteracted by these self-driving trucks with minimal human intervention thus resulting into higher productivity rates thereby driving industry growth across this region during the forecast period 8 years from 2018’s perspective). Moreover, growing government initiatives towards establishing automated manufacturing facilities are further expected propel regional growth over coming years).
Growth Factors:
- Increasing demand for autonomous mining trucks from the mining industry to improve safety and efficiency.
- Growing popularity of autonomous vehicles across different industries for their potential to improve productivity and safety.
- Rising investment in research and development of autonomous mining trucks by truck manufacturers to stay ahead of the competition.
- Proliferation of digital technologies such as big data, cloud computing, and the internet of things that are enabling deployment of autonomous vehicles at scale.
- Government regulations supporting deployment of autonomous vehicles across different industries to reduce environmental impact
Scope Of The Report
Report Attributes
Report Details
Report Title
Autonomous Mining Truck Market Research Report
By Type
Small (90-150 metric tons), Medium (145-190 metric tons), Large (218-290 metric tons), Ultra (308-363 metric tons)
By Application
OEM, Aftermarket
By Companies
Caterpillar, Komatsu, Hitachi, Liebherr, Belaz, Volvo, Astra, Weichai, Volkswagen, Sinotruk, SANY, XCMG, DAIMLER, SIH, GHH Fahrzeuge, Kress Corporation, Terex Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Autonomous Mining Truck Market Report Segments:
The global Autonomous Mining Truck market is segmented on the basis of:
Types
Small (90-150 metric tons), Medium (145-190 metric tons), Large (218-290 metric tons), Ultra (308-363 metric tons)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Caterpillar
- Komatsu
- Hitachi
- Liebherr
- Belaz
- Volvo
- Astra
- Weichai
- Volkswagen
- Sinotruk
- SANY
- XCMG
- DAIMLER
- SIH
- GHH Fahrzeuge
- Kress Corporation
- Terex Corporation
Highlights of The Autonomous Mining Truck Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Small (90-150 metric tons)
- Medium (145-190 metric tons)
- Large (218-290 metric tons)
- Ultra (308-363 metric tons)
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Autonomous Mining Truck Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An autonomous mining truck is a self-driving vehicle that is used to transport materials and equipment in mines. These trucks are typically equipped with sensors that allow them to navigate through difficult terrain, and they can also carry heavy loads without needing assistance from human drivers.
Some of the key players operating in the autonomous mining truck market are Caterpillar, Komatsu, Hitachi, Liebherr, Belaz, Volvo, Astra, Weichai, Volkswagen, Sinotruk, SANY, XCMG, DAIMLER, SIH, GHH Fahrzeuge, Kress Corporation, Terex Corporation.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Autonomous Mining Truck Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Autonomous Mining Truck Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Autonomous Mining Truck Market - Supply Chain
4.5. Global Autonomous Mining Truck Market Forecast
4.5.1. Autonomous Mining Truck Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Autonomous Mining Truck Market Size (000 Units) and Y-o-Y Growth
4.5.3. Autonomous Mining Truck Market Absolute $ Opportunity
5. Global Autonomous Mining Truck Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Autonomous Mining Truck Market Size and Volume Forecast by Type
5.3.1. Small (90-150 metric tons)
5.3.2. Medium (145-190 metric tons)
5.3.3. Large (218-290 metric tons)
5.3.4. Ultra (308-363 metric tons)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Autonomous Mining Truck Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Autonomous Mining Truck Market Size and Volume Forecast by Application
6.3.1. OEM
6.3.2. Aftermarket
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Autonomous Mining Truck Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Autonomous Mining Truck Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Autonomous Mining Truck Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Autonomous Mining Truck Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Autonomous Mining Truck Demand Share Forecast, 2019-2026
9. North America Autonomous Mining Truck Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Autonomous Mining Truck Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Autonomous Mining Truck Market Size and Volume Forecast by Application
9.4.1. OEM
9.4.2. Aftermarket
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Autonomous Mining Truck Market Size and Volume Forecast by Type
9.7.1. Small (90-150 metric tons)
9.7.2. Medium (145-190 metric tons)
9.7.3. Large (218-290 metric tons)
9.7.4. Ultra (308-363 metric tons)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Autonomous Mining Truck Demand Share Forecast, 2019-2026
10. Latin America Autonomous Mining Truck Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Autonomous Mining Truck Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Autonomous Mining Truck Market Size and Volume Forecast by Application
10.4.1. OEM
10.4.2. Aftermarket
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Autonomous Mining Truck Market Size and Volume Forecast by Type
10.7.1. Small (90-150 metric tons)
10.7.2. Medium (145-190 metric tons)
10.7.3. Large (218-290 metric tons)
10.7.4. Ultra (308-363 metric tons)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Autonomous Mining Truck Demand Share Forecast, 2019-2026
11. Europe Autonomous Mining Truck Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Autonomous Mining Truck Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Autonomous Mining Truck Market Size and Volume Forecast by Application
11.4.1. OEM
11.4.2. Aftermarket
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Autonomous Mining Truck Market Size and Volume Forecast by Type
11.7.1. Small (90-150 metric tons)
11.7.2. Medium (145-190 metric tons)
11.7.3. Large (218-290 metric tons)
11.7.4. Ultra (308-363 metric tons)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Autonomous Mining Truck Demand Share, 2019-2026
12. Asia Pacific Autonomous Mining Truck Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Autonomous Mining Truck Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Autonomous Mining Truck Market Size and Volume Forecast by Application
12.4.1. OEM
12.4.2. Aftermarket
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Autonomous Mining Truck Market Size and Volume Forecast by Type
12.7.1. Small (90-150 metric tons)
12.7.2. Medium (145-190 metric tons)
12.7.3. Large (218-290 metric tons)
12.7.4. Ultra (308-363 metric tons)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Autonomous Mining Truck Demand Share, 2019-2026
13. Middle East & Africa Autonomous Mining Truck Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Autonomous Mining Truck Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Autonomous Mining Truck Market Size and Volume Forecast by Application
13.4.1. OEM
13.4.2. Aftermarket
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Autonomous Mining Truck Market Size and Volume Forecast by Type
13.7.1. Small (90-150 metric tons)
13.7.2. Medium (145-190 metric tons)
13.7.3. Large (218-290 metric tons)
13.7.4. Ultra (308-363 metric tons)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Autonomous Mining Truck Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Autonomous Mining Truck Market: Market Share Analysis
14.2. Autonomous Mining Truck Distributors and Customers
14.3. Autonomous Mining Truck Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Caterpillar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Komatsu
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hitachi
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Liebherr
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Belaz
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Volvo
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Astra
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Weichai
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Volkswagen
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sinotruk
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SANY
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. XCMG
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. DAIMLER
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SIH
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. GHH Fahrzeuge
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Kress Corporation
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Terex Corporation
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
