The global electric drive mining trucks market is expected to grow at a CAGR of 7.5% during the forecast period, from 2021 to 2030. The market is driven by factors such as increasing demand for electric vehicles and stringent government regulations on emissions. The market has been segmented on the basis of type, application, and region. Coal mines are expected to be the largest application segment in terms of revenue generation during the forecast period. North America is expected to be the largest regional market in terms of revenue generation during the forecast period due to its high adoption rate for electric vehicles and stringent emission regulations in this region.
5a) Electric Drive Mining Trucks can be used in underground mines where diesel engines cannot be used due to the risk of explosion.
5b) Electric Drive Mining Trucks can also be used on surface mines where there is no risk of explosion.
Some Of The Growth Factors Of This Market:
- Mining companies are increasingly adopting electric drive trucks for their operations due to their lower operating costs and environmental benefits.
- The mining industry has been facing a shortage of skilled labor, which has led to an increase in wages for miners, which will lead to higher operating costs for mining companies that use diesel trucks as they will have to pay more for labor and fuel.
- Mining companies are increasingly adopting electric drive trucks because they offer lower operating costs and environmental benefits.
Industry Growth Insights published a new data on “Electric Drive Mining Trucks Market”. The research report is titled “Electric Drive Mining Trucks Market research by Types (>5T, 5-10T, 10-50T, 50-100T, 100-200T, 200-400T, Other), By Applications (Coal Mine, Iron Mine, Gold/Copper Mine, Aluminium Mine, Others), By Players/Companies Caterpillar, Hitachi, Komatsu, Belaz, Beml, Bryan, Yutong, Doosan, Liebherr”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Drive Mining Trucks Market Research Report
By Type
>5T, 5-10T, 10-50T, 50-100T, 100-200T, 200-400T, Other
By Application
Coal Mine, Iron Mine, Gold/Copper Mine, Aluminium Mine, Others
By Companies
Caterpillar, Hitachi, Komatsu, Belaz, Beml, Bryan, Yutong, Doosan, Liebherr
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Electric Drive Mining Trucks Market Report Segments:
The global Electric Drive Mining Trucks market is segmented on the basis of:
Types
>5T, 5-10T, 10-50T, 50-100T, 100-200T, 200-400T, Other
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
Coal Mine, Iron Mine, Gold/Copper Mine, Aluminium Mine, Others
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
- Hitachi
- Komatsu
- Belaz
- Beml
- Bryan
- Yutong
- Doosan
- Liebherr
Highlights of The Electric Drive Mining Trucks 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:
- >5T
- 5-10T
- 10-50T
- 50-100T
- 100-200T
- 200-400T
- Other
- By Application:
- Coal Mine
- Iron Mine
- Gold/Copper Mine
- Aluminium Mine
- Others
- 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 Electric Drive Mining Trucks 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?
Electric drive mining trucks are a type of heavy equipment used in the mining industry. They are typically used to move coal, iron ore, and other minerals from the mine to the processing plant.
Some of the major companies in the electric drive mining trucks market are Caterpillar, Hitachi, Komatsu, Belaz, Beml, Bryan, Yutong, Doosan, Liebherr.
The electric drive mining trucks market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Drive Mining Trucks 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. Electric Drive Mining Trucks Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Drive Mining Trucks Market - Supply Chain
4.5. Global Electric Drive Mining Trucks Market Forecast
4.5.1. Electric Drive Mining Trucks Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Drive Mining Trucks Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Drive Mining Trucks Market Absolute $ Opportunity
5. Global Electric Drive Mining Trucks 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. Electric Drive Mining Trucks Market Size and Volume Forecast by Type
5.3.1. >5T
5.3.2. 5-10T
5.3.3. 10-50T
5.3.4. 50-100T
5.3.5. 100-200T
5.3.6. 200-400T
5.3.7. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Drive Mining Trucks 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. Electric Drive Mining Trucks Market Size and Volume Forecast by Application
6.3.1. Coal Mine
6.3.2. Iron Mine
6.3.3. Gold/Copper Mine
6.3.4. Aluminium Mine
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Drive Mining Trucks 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. Electric Drive Mining Trucks 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 Electric Drive Mining Trucks 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. Electric Drive Mining Trucks 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 Electric Drive Mining Trucks Demand Share Forecast, 2019-2026
9. North America Electric Drive Mining Trucks 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 Electric Drive Mining Trucks 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 Electric Drive Mining Trucks Market Size and Volume Forecast by Application
9.4.1. Coal Mine
9.4.2. Iron Mine
9.4.3. Gold/Copper Mine
9.4.4. Aluminium Mine
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Drive Mining Trucks Market Size and Volume Forecast by Type
9.7.1. >5T
9.7.2. 5-10T
9.7.3. 10-50T
9.7.4. 50-100T
9.7.5. 100-200T
9.7.6. 200-400T
9.7.7. Other
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 Electric Drive Mining Trucks Demand Share Forecast, 2019-2026
10. Latin America Electric Drive Mining Trucks 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 Electric Drive Mining Trucks 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 Electric Drive Mining Trucks Market Size and Volume Forecast by Application
10.4.1. Coal Mine
10.4.2. Iron Mine
10.4.3. Gold/Copper Mine
10.4.4. Aluminium Mine
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Drive Mining Trucks Market Size and Volume Forecast by Type
10.7.1. >5T
10.7.2. 5-10T
10.7.3. 10-50T
10.7.4. 50-100T
10.7.5. 100-200T
10.7.6. 200-400T
10.7.7. Other
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 Electric Drive Mining Trucks Demand Share Forecast, 2019-2026
11. Europe Electric Drive Mining Trucks 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 Electric Drive Mining Trucks 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 Electric Drive Mining Trucks Market Size and Volume Forecast by Application
11.4.1. Coal Mine
11.4.2. Iron Mine
11.4.3. Gold/Copper Mine
11.4.4. Aluminium Mine
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Drive Mining Trucks Market Size and Volume Forecast by Type
11.7.1. >5T
11.7.. 5-10T
11.7.3. 10-50T
11.7.4. 50-100T
11.7.5. 100-200T
11.7.6. 200-400T
11.7.7. Other
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 Electric Drive Mining Trucks Demand Share, 2019-2026
12. Asia Pacific Electric Drive Mining Trucks 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 Electric Drive Mining Trucks 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 Electric Drive Mining Trucks Market Size and Volume Forecast by Application
12.4.1. Coal Mine
12.4.2. Iron Mine
12.4.3. Gold/Copper Mine
12.4.4. Aluminium Mine
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Drive Mining Trucks Market Size and Volume Forecast by Type
12.7.1. >5T
12.7.2. 5-10T
12.7.3. 10-50T
12.7.4. 50-100T
12.7.5. 100-200T
12.7.6. 200-400T
12.7.7. Other
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 Electric Drive Mining Trucks Demand Share, 2019-2026
13. Middle East & Africa Electric Drive Mining Trucks 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 Electric Drive Mining Trucks 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 Electric Drive Mining Trucks Market Size and Volume Forecast by Application
13.4.1. Coal Mine
13.4.2. Iron Mine
13.4.3. Gold/Copper Mine
13.4.4. Aluminium Mine
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Drive Mining Trucks Market Size and Volume Forecast by Type
13.7.1. >5T
13.7.2. 5-10T
13.7.3. 10-50T
13.7.4. 50-100T
13.7.5. 100-200T
13.7.6. 200-400T
13.7.7. Other
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 Electric Drive Mining Trucks Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Drive Mining Trucks Market: Market Share Analysis
14.2. Electric Drive Mining Trucks Distributors and Customers
14.3. Electric Drive Mining Trucks 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. Hitachi
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Komatsu
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Belaz
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Beml
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bryan
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Yutong
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Doosan
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Liebherr
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
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
