Market Overview:
The global electric drive dump 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 electric drive dump trucks in open-pit and underground mines. In terms of type, the small electric drive dump truck segment is expected to dominate the market during the forecast period, followed by medium and large electric drive dump trucks. In terms of application, open-pit mine segment is expected to dominate the market during the forecast period, followed by underground mine segment.
Product Definition:
Electric dump trucks are powered by electric motors, rather than diesel engines. They are used for transporting large amounts of earth, sand, or other materials. Electric drive dump trucks offer a number of advantages over traditional diesel-powered models. First, they produce zero emissions, making them environmentally friendly. Second, they require much less maintenance and have a longer lifespan than diesel-powered trucks.
Small (90-150 metric tons):
The global small (90-150 metric tons) electric drive dump truck market size was valued at USD 956.1 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Increasing demand for these vehicles from construction, mining, and waste management industries is anticipated to propel the industry growth over the coming years.
Medium (145-190 metric tons):
The medium tonnage category is expected to witness significant growth over the forecast period owing to increasing demand for waste management and recycling operations. The rising need for sustainable development has led to a surge in medium-tonnage electric drive dump trucks market. These vehicles are used in various applications including municipal solid waste collection, construction & demolition debris, agricultural & landscaping wastes, and recyclable materials transfer.
Application Insights:
The underground mine application segment accounted for the largest market share in 2017 and is projected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for coal, metal and other minerals from various industries across the globe.
Mine rescue is one of the crucial applications where electric drive dump trucks are used as they have advanced safety features such as cab-mounted video cameras, LED lighting systems, along with an array of sensors that ensure effective operation in low-light conditions. These factors are expected to increase their penetration rate among other applications including open-pit mine and construction sites over the coming years.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing demand for dump trucks on account of rapid development in the mining industry. For instance, according to the U.
In Asia Pacific, electric drive dump truck market is expected to witness substantial growth owing high production and consumption of construction materials coupled with rapid urbanization across countries such as China and India.
Growth Factors:
- Increasing demand for electric drive dump trucks from the construction and mining industries as a result of the growing awareness of the benefits of electric vehicles over traditional diesel-powered vehicles.
- Government regulations and incentives promoting the adoption of electric drive dump trucks, especially in developed countries such as Europe and North America.
- The increasing popularity of zero-emission or low-emission transportation options, which is driving demand for electric drive dump trucks from municipalities and other public sector organizations.
- Advances in battery technology that are making electric drive dump trucks more efficient and affordable, while also reducing emissions levels.
- Growing demand for haulage services due to population growth, urbanization, and increased infrastructure development projects around the world
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Drive Dump 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
Open-pit Mine, Underground Mine
By Companies
BelAZ, BEML, Caterpillar, Sany, Hitachi, Komatsu, XCMG, Epiroc Mining, Liebherr, Xiangtan Electric Manufactring Group, Aerospace Heavy Industry
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Electric Drive Dump Truck Market Report Segments:
The global Electric Drive Dump 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
Open-pit Mine, Underground Mine
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:
- BelAZ
- BEML
- Caterpillar
- Sany
- Hitachi
- Komatsu
- XCMG
- Epiroc Mining
- Liebherr
- Xiangtan Electric Manufactring Group
- Aerospace Heavy Industry
Highlights of The Electric Drive Dump 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:
- Open-pit Mine
- Underground Mine
- 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 Dump 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 electric drive dump truck is a type of heavy-duty truck that uses an electric motor to power its dump mechanism. This type of truck is typically used for waste management and construction purposes, and can be equipped with a variety of features to make hauling waste easier.
Some of the major companies in the electric drive dump truck market are BelAZ, BEML, Caterpillar, Sany, Hitachi, Komatsu, XCMG, Epiroc Mining, Liebherr, Xiangtan Electric Manufactring Group, Aerospace Heavy Industry.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Drive Dump Truck Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Drive Dump Truck Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Drive Dump Truck Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Drive Dump Truck Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Drive Dump Truck Market Size & Forecast, 2020-2028
4.5.1 Electric Drive Dump Truck Market Size and Y-o-Y Growth
4.5.2 Electric Drive Dump Truck Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Small (90-150 metric tons)
5.2.2 Medium (145-190 metric tons)
5.2.3 Large (218-290 metric tons)
5.2.4 Ultra (308-363 metric tons)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Open-pit Mine
6.2.2 Underground Mine
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Drive Dump Truck Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Drive Dump Truck Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Small (90-150 metric tons)
9.6.2 Medium (145-190 metric tons)
9.6.3 Large (218-290 metric tons)
9.6.4 Ultra (308-363 metric tons)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Open-pit Mine
9.10.2 Underground Mine
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Small (90-150 metric tons)
10.6.2 Medium (145-190 metric tons)
10.6.3 Large (218-290 metric tons)
10.6.4 Ultra (308-363 metric tons)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Open-pit Mine
10.10.2 Underground Mine
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Small (90-150 metric tons)
11.6.2 Medium (145-190 metric tons)
11.6.3 Large (218-290 metric tons)
11.6.4 Ultra (308-363 metric tons)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Open-pit Mine
11.10.2 Underground Mine
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Small (90-150 metric tons)
12.6.2 Medium (145-190 metric tons)
12.6.3 Large (218-290 metric tons)
12.6.4 Ultra (308-363 metric tons)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Open-pit Mine
12.10.2 Underground Mine
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Small (90-150 metric tons)
13.6.2 Medium (145-190 metric tons)
13.6.3 Large (218-290 metric tons)
13.6.4 Ultra (308-363 metric tons)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Open-pit Mine
13.10.2 Underground Mine
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Drive Dump Truck Market: Competitive Dashboard
14.2 Global Electric Drive Dump Truck Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BelAZ
14.3.2 BEML
14.3.3 Caterpillar
14.3.4 Sany
14.3.5 Hitachi
14.3.6 Komatsu
14.3.7 XCMG
14.3.8 Epiroc Mining
14.3.9 Liebherr
14.3.10 Xiangtan Electric Manufactring Group
14.3.11 Aerospace Heavy Industry
