Global Dump Trucks and Mining Trucks Market Size study & Forecast, by Truck Type (Side dump truck, Rear Dump truck, and Others), by Fuel Type (IC Engine and Electric), By Capacity (Less than 200 metric tons and more than 200 metric tons), By Application (

Global Dump Trucks and Mining Trucks Market Size study & Forecast, by Truck Type (Side dump truck, Rear Dump truck, and Others), by Fuel Type (IC Engine and Electric), By Capacity (Less than 200 metric tons and more than 200 metric tons), By Application (Mining, Construction and Others) and Regional Analysis, 2022-2029

Global Dump Trucks and Mining Trucks Market is valued at approximately USD 48.57 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.45% over the forecast period 2022-2029. Heavy mining and construction are conducted using mining trucks, which are mechanized vehicles used for both on- and off-road transportation. Their large wheels, which can support many tons of weight, make them haul trucks that are frequently employed in mining, refining, and disposal sites. Various types of mining trucks, including rear dump trucks, bottom dump trucks, water trucks, and lubricant trucks, are being employed in a variety of industries all over the world. The market is expected to increase as a result of a number of important reasons, including rising mining activity and rising demand for mining and dump trucks with lower emissions.
Global demand for mining trucks is anticipated to be driven by increased industrialization, more automation use, and increased dredging activities. For the dredging of the Gomati, a transboundary river that runs between India and Bangladesh, as well as the building of 10 jetties for a canal project, the Indian Government approved around USD 3.1 million in February 2022. The Ministry of Shipping has authorized dredging operations in Gomati and the construction of 10 floating jetties from Udaipur in the Gomati district to Sonamura for a total cost of USD 3.14 million. However, the lack of trained operators stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Dump Trucks and Mining Trucks Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is expected to be the leading and fastest-growing region in the forecast years. The mining and construction industries are awarding new contracts to regional players as a result of the growth in mining operations in nations such as China, India, Japan, Australia, and so on.

Major market player included in this report are:

Sany Heavy Industry Co., Ltd.
Caterpillar, Inc.
BAS Mining Trucks
Hitachi Construction Machinery Co. Ltd.
Liebherr Group
KGHM Zanam SA
Terex Corporation
Komatsu Ltd.
Volvo group
BelAZ


Recent Developments in the Market:
 In March 2022, According to XCMG, it successfully designed and modified the largest rigid, 400-ton, rear-wheel drive mining truck in the world. The truck has also been modified for China Minmetals Corporation, which runs mines in South America, Australia, and North America.
 In June 2022, the purchase of 120 zero-emission mining trucks from Liebherr has been announced by Fortescue. Fortescue Future Industries and Williams Advanced Engineering jointly developed the zero-emission power technologies that are installed into the vehicles.


Global Dump Trucks and Mining Trucks Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Truck Type, Fuel Type, Capacity Type and Application Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Truck type:
Side dump truck
Rear Dump truck
Others
By Fuel Type:
IC Engine
Electric
By Capacity Type:
Less than 200 metric ton
More than 200 metric ton
By Application Type:
Mining
Construction
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World


Companies Mentioned

Sany Heavy Industry Co., Ltd.
Caterpillar, Inc.
BAS Mining Trucks
Hitachi Construction Machinery Co. Ltd.
Liebherr Group
KGHM Zanam SA
Terex Corporation
Komatsu Ltd.
Volvo group
BelAZ

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