The global mining truck market is expected to grow at a CAGR of 3.5% during the forecast period, from 2021 to 2030. The mining truck market is segmented on the basis of type, application and region. The small mining trucks segment accounted for the largest share in 2018 and is expected to continue its dominance throughout the forecast period. The medium-sized trucks are projected to grow at a CAGR of 4% during the forecast period, while large-sized trucks are projected to grow at a CAGR of 2%.
Some Of The Growth Factors Of This Market:
- The demand for coal is expected to increase in the coming years, which will lead to an increase in the demand for underground mining trucks.
- Underground mining trucks are more efficient than other types of mining trucks, which will lead to an increase in their use as coal mines continue to grow and expand.
- The cost of underground mining trucks is higher than other types of mining trucks, but they are more efficient and can be used for longer periods of time before needing maintenance or replacement parts, which will lead to a decrease in the cost per ton mined over time as they become more popular with miners.
- Underground mining truck manufacturers have been working on developing new technologies that make them even more efficient and productive than ever before, which will lead to an increase in their popularity among miners who want a competitive edge over their competitors by using the most advanced equipment available on the market today.
Industry Growth Insights published a new data on “Underground Mining Truck Market”. The research report is titled “Underground Mining Truck Market research by Types (Small (90-150 metric tons), Medium (145-190 metric tons), Large (218-290 metric tons), Ultra (308-363 metric tons)), By Applications (OEM, Aftermarket), By Players/Companies Caterpillar, Komatsu, Hitachi, Liebherr, Belaz, Volvo, Astra, Weichai, Volkswagen, Sinotruk, SANY, XCMG, DAIMLER, SIH, GHH Fahrzeuge, Kress Corporation, Terex Corporation”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Underground 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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Underground Mining Truck Market Report Segments:
The global Underground 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 Underground 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 Underground 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?
Underground mining truck is a type of mining equipment used to extract coal, oil and other minerals from the earth's surface. The truck typically has a large digging arm that can break through the earth's surface to reach the mineral deposit.
Some of the major companies in the underground mining truck market are Caterpillar, Komatsu, Hitachi, Liebherr, Belaz, Volvo, Astra, Weichai, Volkswagen, Sinotruk, SANY, XCMG, DAIMLER, SIH, GHH Fahrzeuge, Kress Corporation, Terex Corporation.
The underground mining truck market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Underground 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. Underground 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. Underground Mining Truck Market - Supply Chain
4.5. Global Underground Mining Truck Market Forecast
4.5.1. Underground Mining Truck Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Underground Mining Truck Market Size (000 Units) and Y-o-Y Growth
4.5.3. Underground Mining Truck Market Absolute $ Opportunity
5. Global Underground 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. Underground 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 Underground 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. Underground 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 Underground 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. Underground 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 Underground 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. Underground 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 Underground Mining Truck Demand Share Forecast, 2019-2026
9. North America Underground 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 Underground 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 Underground 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 Underground 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 Underground Mining Truck Demand Share Forecast, 2019-2026
10. Latin America Underground 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 Underground 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 Underground 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 Underground 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 Underground Mining Truck Demand Share Forecast, 2019-2026
11. Europe Underground 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 Underground 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 Underground 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 Underground 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 Underground Mining Truck Demand Share, 2019-2026
12. Asia Pacific Underground 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 Underground 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 Underground 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 Underground 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 Underground Mining Truck Demand Share, 2019-2026
13. Middle East & Africa Underground 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 Underground 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 Underground 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 Underground 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 Underground Mining Truck Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Underground Mining Truck Market: Market Share Analysis
14.2. Underground Mining Truck Distributors and Customers
14.3. Underground 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
