Global Mining Trucks Market to Reach US$6.6 Billion by 2030
The global market for Mining Trucks estimated at US$4.6 Billion in the year 2023, is expected to reach US$6.6 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2023-2030. 90 - 150 Tons Capacity Trucks, one of the segments analyzed in the report, is expected to record a 5.7% CAGR and reach US$4.0 Billion by the end of the analysis period. Growth in the 154 - 255 Tons Capacity Trucks segment is estimated at 4.8% CAGR over the analysis period.
The U.S. Market is Estimated at US$1.2 Billion While China is Forecast to Grow at 8.2% CAGR
The Mining Trucks market in the U.S. is estimated at US$1.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.2% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
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