Market Overview:
The global mining rigid dump truck 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 minerals and metals across the globe, coupled with the rising investments in mining activities. In addition, the growing energy industry is also expected to boost the demand for electric drive dump trucks in coming years. Based on type, mechanical transmission dump trucks are expected to dominate the global mining rigid dump truck market during 2018-2030 owing to their low cost and easy maintenance as compared to electric drive dump trucks.
Product Definition:
A mining dump truck is a large vehicle used in surface mining operations to transport mined rocks and ore. The largest trucks in the world are typically mining dump trucks. Mining dump trucks are usually equipped with a hydraulic excavator arm, which can be used to load the rocks onto the truck.
Mechanical Transmission Dump Truck:
The global mechanical transmission dump truck market size was valued at USD 4.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Increasing mining activities, especially in China, Australia, Brazil, and Peru are anticipated to drive the demand for rigid dump trucks over the coming years.
Mining companies prefer using rigid dump trucks owing to their ability to carry more weight than other types of vehicles with lesser load capacity.
Electric Drive Dump Truck:
Electric drive dump truck is a self-propelled mobile mining rig that consists of chassis, body, and engine. It is used to move coal/dirt/ore from one place to another in mining industries. These vehicles are built for heavy-duty work in rugged environments at a minimal speed. They are equipped with large tires which help them roll over obstacles easily and they have good suspension system so that they can carry heavy loads on their wheels without damage or wear & tear.
Application Insights:
The mineral industry application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for minerals from various end-use industries including construction, automotive, electrical & electronics and decorative stone applications.
The energy industry is anticipated to witness significant growth over the coming years owing to rising demand for coal from various regions including Asia Pacific and Middle East Africa which in turn will propel product demand globally. In addition, rapid urbanization along with industrialization & infrastructure development in countries such as India has led to increased electricity generation which further propels product adoption globally.
Regional Analysis:
Asia Pacific dominated the global mining rigid dump truck market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. This growth can be attributed to increasing investments in mineral exploration and development activities across countries such as Australia, China, India, and Japan. In addition, rising demand for energy resources such as coal bed methane (CBM) is anticipated to drive product demand across Asia Pacific over the next eight years.
The North America market was valued at USD X million in 2017 owing to high mineral processing volumes across major mining companies including Rio Tinto Group; Peabody Energy Corporation; BHP Billiton Ltd.; Anglo American PLC.; and Xstrata plc., among others operating within U.S.
Growth Factors:
- Increasing demand for mining rigid dump trucks from the construction and infrastructure sectors
- Rising adoption of technologically advanced mining rigid dump trucks for efficient material handling
- Growing investments in the mining sector across the globe
- Proliferation of small and medium-sized enterprises (SMEs) in the mining industry
- Increasing awareness about the benefits of using mining rigid dump trucks
Scope Of The Report
Report Attributes
Report Details
Report Title
Mining Rigid Dump Truck Market Research Report
By Type
Mechanical Transmission Dump Truck, Electric Drive Dump Truck
By Application
Mineral Industry, Energy Industry, Others
By Companies
Caterpillar, Hitachi, Komatsu, Liebherr, Belaz, Volvo, Sinotruk, TEREX, SANY, XCMG, Inner Mongolia North Heavy Truck, Beijing Shougang Heavy Duty Truck Manufacturing
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
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Mining Rigid Dump Truck Market Report Segments:
The global Mining Rigid Dump Truck market is segmented on the basis of:
Types
Mechanical Transmission Dump Truck, Electric Drive Dump Truck
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
Mineral Industry, Energy Industry, 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
- Liebherr
- Belaz
- Volvo
- Sinotruk
- TEREX
- SANY
- XCMG
- Inner Mongolia North Heavy Truck
- Beijing Shougang Heavy Duty Truck Manufacturing
Highlights of The Mining Rigid 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:
- Mechanical Transmission Dump Truck
- Electric Drive Dump Truck
- By Application:
- Mineral Industry
- Energy Industry
- 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 Mining Rigid 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?
A mining rigid dump truck is a specialized vehicle used to transport large quantities of earth, rock, or other material. These trucks are typically equipped with heavy-duty suspension and powerful engines to handle the weight of the materials they are transporting.
Some of the key players operating in the mining rigid dump truck market are Caterpillar, Hitachi, Komatsu, Liebherr, Belaz, Volvo, Sinotruk, TEREX, SANY, XCMG, Inner Mongolia North Heavy Truck, Beijing Shougang Heavy Duty Truck Manufacturing.
The mining rigid dump truck market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mining Rigid 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 Mining Rigid Dump Truck Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mining Rigid 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 Mining Rigid 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 Mining Rigid Dump Truck Market Size & Forecast, 2020-2028
4.5.1 Mining Rigid Dump Truck Market Size and Y-o-Y Growth
4.5.2 Mining Rigid 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 Mechanical Transmission Dump Truck
5.2.2 Electric Drive Dump Truck
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 Mineral Industry
6.2.2 Energy Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mining Rigid 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 Mining Rigid 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 Mechanical Transmission Dump Truck
9.6.2 Electric Drive Dump Truck
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 Mineral Industry
9.10.2 Energy Industry
9.10.3 Others
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 Mechanical Transmission Dump Truck
10.6.2 Electric Drive Dump Truck
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 Mineral Industry
10.10.2 Energy Industry
10.10.3 Others
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 Mechanical Transmission Dump Truck
11.6.2 Electric Drive Dump Truck
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 Mineral Industry
11.10.2 Energy Industry
11.10.3 Others
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 Mechanical Transmission Dump Truck
12.6.2 Electric Drive Dump Truck
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 Mineral Industry
12.10.2 Energy Industry
12.10.3 Others
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 Mechanical Transmission Dump Truck
13.6.2 Electric Drive Dump Truck
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 Mineral Industry
13.10.2 Energy Industry
13.10.3 Others
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 Mining Rigid Dump Truck Market: Competitive Dashboard
14.2 Global Mining Rigid Dump Truck Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caterpillar
14.3.2 Hitachi
14.3.3 Komatsu
14.3.4 Liebherr
14.3.5 Belaz
14.3.6 Volvo
14.3.7 Sinotruk
14.3.8 TEREX
14.3.9 SANY
14.3.10 XCMG
14.3.11 Inner Mongolia North Heavy Truck
14.3.12 Beijing Shougang Heavy Duty Truck Manufacturing
