Market Overview:
The global haul trucks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for haul trucks in the mining and construction industries. The market is segmented by type, application, and region. By type, the market is segmented into 40-100 tons, 100-300 tons, 300-400 tons, and 400-450 tons. By application, the market is divided into mine and construction applications. Geographically, the global haul trucks market is analyzed across North America (U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China), and Middle East & Africa (Saudi Arabia). Some of the key players in this industry are Volvo Construction Equipment AB., Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery Co Ltd.
Product Definition:
A haul truck is a vehicle used to transport loose material, such as rock or gravel, from one location to another. The importance of haul trucks is that they can move large quantities of material quickly and efficiently, making them an important tool for construction and mining operations.
40 to 100 Tons:
40 to 100 tons refers to the capacity of a truck. It is used as a weight category for measuring the strength of vehicles. The higher the tonnage, generally, the more cargo can be carried by a vehicle and its bed. Trucks with higher tonnage are known as heavy trucks; they are used for transporting various goods including automotive components, construction materials, agricultural products and others across short distances at high speeds.
100 to 300 Tons:
300 tons is the maximum weight a single wheeled truck can carry. It used to transport goods of all sizes including heavy equipment, construction materials, and liquid bulk. 300 ton trucks are usually used in hauling operations across various industries such as mining & excavation, agriculture & farming, oil & gas and material handling industries among others.
Application Insights:
The construction segment accounted for the largest revenue share of over 40% in 2017. The growth can be attributed to the increasing number of infrastructure projects across the globe. For instance, according to a study by Dezan Shira & Associates, Inc., there are nearly 1,000 ongoing and planned infrastructure projects in China with a total investment value of USD 8 trillion. This includes 300 high-speed rail projects and 600 highway development projects connecting various cities and towns. Such trends indicate an increased demand for haul trucks during construction activities on account of heavy equipment requirements for clearing rocks and other debris on roadways as well as at construction sites.
The mine application segment is expected to witness significant growth over the forecast period owing to rising demand from iron ore mines such as Brazil¢â‚¬â„¢s Vale do Rio Doce mines along with steel mills across China, India & South Korea which require huge volumes of iron ore concentrate annually.
Regional Analysis:
Asia Pacific dominated the global haul trucks market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of manufacturing facilities owing to low labor costs, which has led to an increase in industrial activities across various sectors such as automotive, consumer goods, and electronics among others. This is also likely to drive regional growth over the next eight years.
The growing construction industry across emerging economies such as India and China on account of increasing urbanization is expected to be a key factor driving demand for construction equipment including haul trucks over the forecast period. In addition, rising government initiatives towards infrastructural development are anticipated to fuel product demand further driving growth in this market space during the same period.
North America held a significant share of revenue due with presence major manufacturers such as Caterpillar Inc., Cummins Inc.
Growth Factors:
- Increasing demand for goods and services due to rising population and income levels in developing countries is expected to drive the growth of the haul trucks market over the forecast period.
- The increasing use of haul trucks in mining and construction activities is also anticipated to propel market growth during the forecast period.
- Growing awareness about environment-friendly technologies among consumers is projected to fuel demand for electric haul trucks, which is expected to boost market growth over the next few years.
- Technological advancements in truck manufacturing are likely to result in increased efficiency and productivity of haul trucks, propelling market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Haul Trucks Market Research Report
By Type
40 to 100 Tons, 100 to 300 Tons, 300 to 400 Tons, 400 to 450 Tons
By Application
Mine, Construction
By Companies
Caterpillar, Liebherr, Komatsu, XCMG, Terex, BelAZ, Hitachi, Caterpillar
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Haul Trucks Market Report Segments:
The global Haul Trucks market is segmented on the basis of:
Types
40 to 100 Tons, 100 to 300 Tons, 300 to 400 Tons, 400 to 450 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
Mine, Construction
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
- Liebherr
- Komatsu
- XCMG
- Terex
- BelAZ
- Hitachi
- Caterpillar
Highlights of The Haul 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:
- 40 to 100 Tons
- 100 to 300 Tons
- 300 to 400 Tons
- 400 to 450 Tons
- By Application:
- Mine
- Construction
- 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 Haul 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.
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?
Haul trucks are large, heavy vehicles that are used to transport goods. They can be used for a variety of purposes, including moving goods between warehouses and distribution centers.
Some of the major players in the haul trucks market are Caterpillar, Liebherr, Komatsu, XCMG, Terex, BelAZ, Hitachi, Caterpillar.
The haul trucks market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Haul Trucks 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 Haul Trucks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Haul Trucks 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 Haul Trucks 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 Haul Trucks Market Size & Forecast, 2020-2028
4.5.1 Haul Trucks Market Size and Y-o-Y Growth
4.5.2 Haul Trucks 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 40 to 100 Tons
5.2.2 100 to 300 Tons
5.2.3 300 to 400 Tons
5.2.4 400 to 450 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 Mine
6.2.2 Construction
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Haul Trucks 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 Haul Trucks 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 40 to 100 Tons
9.6.2 100 to 300 Tons
9.6.3 300 to 400 Tons
9.6.4 400 to 450 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 Mine
9.10.2 Construction
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 40 to 100 Tons
10.6.2 100 to 300 Tons
10.6.3 300 to 400 Tons
10.6.4 400 to 450 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 Mine
10.10.2 Construction
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 40 to 100 Tons
11.6.2 100 to 300 Tons
11.6.3 300 to 400 Tons
11.6.4 400 to 450 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 Mine
11.10.2 Construction
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 40 to 100 Tons
12.6.2 100 to 300 Tons
12.6.3 300 to 400 Tons
12.6.4 400 to 450 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 Mine
12.10.2 Construction
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 40 to 100 Tons
13.6.2 100 to 300 Tons
13.6.3 300 to 400 Tons
13.6.4 400 to 450 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 Mine
13.10.2 Construction
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 Haul Trucks Market: Competitive Dashboard
14.2 Global Haul Trucks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caterpillar
14.3.2 Liebherr
14.3.3 Komatsu
14.3.4 XCMG
14.3.5 Terex
14.3.6 BelAZ
14.3.7 Hitachi
14.3.8 Caterpillar
