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Mining Truck Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global mining truck market size reached US$ 22.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 29.1 Billion by 2027, exhibiting a growth rate (CAGR) of 4.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Mining trucks constitute heavy-duty dump trucks that are utilized for the transportation of rocks and other material in the post-mining process. They are engineered to be used in off-road and off-highway conditions and are also equipped to work on slippery roads. Currently, different types of mining trucks such as rear dump trucks, bottom dump trucks, water trucks and lube trucks are used in multiple industries across the globe. The most commonly used type is the large bottom dump truck, utilized to haul and transport large quantities of mined material.

The constant growth of the mining industry is one of the key factors driving the growth of the market. The need for smooth and efficient transportation of mined materials is expected to contribute to the sales of mining trucks. In addition to this, the use of driverless electric vehicles is also gaining traction. Organizations are automating mining operations to enhance their productivity and reduce the damage caused by on-site accidents. As electric trucks also assist in reducing emissions of greenhouse gases during mining, it is resulting in increased product demand. Additionally, constant exploration of new coalfields and extraction of precious metals have increased the requirement for larger off-road vehicles that have higher horsepower and greater capacity. This is further supported by the rapid growth in the construction industry, in both developed and emerging nations. Moreover, various vehicle advancements, such as haul trucks with improved fuel efficiency, have encouraged construction firms to purchase new off-road vehicles, thereby enhancing the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global mining truck market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, application, payload capacity and drive.

Breakup by Type:

  • Bottom Dump
  • Rear Dump
  • Lube
  • Tow
  • Water
  • Others
     

Breakup by Application:

  • Coal Mining
  • Iron Mining
  • Copper Mining
  • Aluminum Mining
  • Others
     

Breakup by Payload Capacity:

  • <90 Metric Tons
  • 90≤149 Metric Tons
  • 150≤290 Metric Tons
  • >290 Metric Tons
     

Breakup by Drive:

  • Mechanical Drive
  • Electrical Drive
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being BEML Limited, Bryan Industries Pty Ltd, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Corporation, Hitachi Construction Machinery Co., Ltd., Komatsu Ltd., Kress Corporation, OJSC BelAZ, Sany Group Co., Ltd., Voltas Limited, Volvo Group, XCMG Group, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Application, Payload Capacity, Drive, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered BEML Limited, Bryan Industries Pty Ltd, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Corporation, Hitachi Construction Machinery Co., Ltd., Komatsu Ltd., Kress Corporation, OJSC BelAZ, Sany Group Co., Ltd., Voltas Limited, Volvo Group and XCMG Group
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Mining Truck Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type 
    6.1    Bottom Dump
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Rear Dump
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Lube
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Tow
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Water
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Market Breakup by Application
    7.1    Coal Mining
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Iron Mining
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Copper Mining
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Aluminum Mining
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by Payload Capacity
    8.1    <90 Metric Tons
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    90≤149 Metric Tons
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    150≤290 Metric Tons
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    >290 Metric Tons
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Drive
    9.1    Mechanical Drive
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Electrical Drive
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    BEML Limited
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials 
           15.3.1.4 SWOT Analysis 
        15.3.2    Bryan Industries Pty Ltd
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Caterpillar Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
           15.3.3.3 Financials 
           15.3.3.4 SWOT Analysis
        15.3.4    CNH Industrial N.V.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
           15.3.4.3 Financials 
           15.3.4.4 SWOT Analysis
        15.3.5    Deere & Company
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
           15.3.5.3 Financials 
           15.3.5.4 SWOT Analysis
        15.3.6    Doosan Corporation
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials 
        15.3.7    Hitachi Construction Machinery Co., Ltd.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio 
           15.3.7.3 Financials 
           15.3.7.4 SWOT Analysis
        15.3.8    Komatsu Ltd.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials 
           15.3.8.4 SWOT Analysis
        15.3.9    Kress Corporation
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
        15.3.10    OJSC BelAZ
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 
        15.3.11    Sany Group Co., Ltd.
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio 
        15.3.12    Voltas Limited
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio 
           15.3.12.3 Financials 
        15.3.13    Volvo Group
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio 
           15.3.13.3 Financials 
           15.3.13.4 SWOT Analysis
        15.3.14    XCMG Group
           15.3.14.1 Company Overview
           15.3.14.2 Product Portfolio 
           15.3.14.3 Financials 

List of Figures

Figure 1: Global: Mining Truck Market: Major Drivers and Challenges
Figure 2: Global: Mining Truck Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Mining Truck Market: Breakup by Type (in %), 2021
Figure 4: Global: Mining Truck Market: Breakup by Application (in %), 2021
Figure 5: Global: Mining Truck Market: Breakup by Payload Capacity (in %), 2021
Figure 6: Global: Mining Truck Market: Breakup by Drive (in %), 2021
Figure 7: Global: Mining Truck Market: Breakup by Region (in %), 2021
Figure 8: Global: Mining Truck Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Mining Truck (Bottom Dump) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Mining Truck (Bottom Dump) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Mining Truck (Rear Dump) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Mining Truck (Rear Dump) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Mining Truck (Lube) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Mining Truck (Lube) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Mining Truck (Tow) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Mining Truck (Tow) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Mining Truck (Water) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Mining Truck (Water) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Mining Truck (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Mining Truck (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Mining Truck (Coal Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Mining Truck (Coal Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Mining Truck (Iron Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Mining Truck (Iron Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Mining Truck (Copper Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Mining Truck (Copper Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Mining Truck (Aluminum Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Mining Truck (Aluminum Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Mining Truck (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Mining Truck (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Mining Truck (<90 Metric Tons) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Mining Truck (<90 Metric Tons) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Mining Truck (90≤149 Metric Tons) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Mining Truck (90≤149 Metric Tons) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Mining Truck (150≤290 Metric Tons) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Mining Truck (150≤290 Metric Tons) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Mining Truck (>290 Metric Tons) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Mining Truck (>290 Metric Tons) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Mining Truck (Mechanical Drive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Mining Truck (Mechanical Drive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Mining Truck (Electrical Drive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Mining Truck (Electrical Drive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: North America: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: North America: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: United States: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: United States: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Canada: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Canada: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Asia Pacific: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Asia Pacific: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: China: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: China: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Japan: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Japan: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: India: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: India: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: South Korea: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: South Korea: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Australia: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Australia: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Indonesia: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Indonesia: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Europe: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Europe: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Germany: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Germany: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: France: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: France: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: United Kingdom: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: United Kingdom: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Italy: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Italy: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Spain: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Spain: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Russia: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Russia: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Latin America: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Latin America: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Brazil: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Brazil: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Mexico: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Mexico: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Others: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Others: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Middle East and Africa: Mining Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Middle East and Africa: Mining Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Global: Mining Truck Industry: SWOT Analysis
Figure 92: Global: Mining Truck Industry: Value Chain Analysis
Figure 93: Global: Mining Truck Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Mining Truck Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Mining Truck Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Mining Truck Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Mining Truck Market Forecast: Breakup by Payload Capacity (in Million US$), 2022-2027
Table 5: Global: Mining Truck Market Forecast: Breakup by Drive (in Million US$), 2022-2027
Table 6: Global: Mining Truck Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Mining Truck Market Structure
Table 8: Global: Mining Truck Market: Key Players


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Key Questions Answered in This Report

According to the estimates by IMARC Group, the global mining truck market is expected to grow at a CAGR of 4.9% during the forecast period (2022-2027).

A significant rise in the construction industry in recent years and an increase in the demand for smooth and efficient transportation of mined materials are spurring the market growth.

At present, several organizations are focusing on automating mining operations to enhance their productivity and reduce the damage caused by on-site accidents. This represents one of the major trends in the mining truck market.

The mining truck industry is experiencing negative growth due to lockdowns announced by governments of several countries to curb the spread of the coronavirus disease (COVID-19). This has led to human workforce shortage and suspension of operations at numerous mining sites.

On the basis of the type, the market has been classified into the bottom dump, rear dump, lube, tow, water and others.

The market has been analyzed based on the application into coal, iron, copper, aluminum and other mining.

Based on the payload capacity, the market has been categorized into <90, 90≤149, 150≤290 and >290 Metric Tons.

The market has been bifurcated on the basis of the drive into the mechanical and electrical segments.

On the geographical front, the market has been divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others); Latin America (Brazil, Mexico and others); and Middle East and Africa.

Leading industry players are BEML Limited, Bryan Industries Pty Ltd, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Corporation, Hitachi Construction Machinery Co., Ltd., Komatsu Ltd., Kress Corporation, OJSC BelAZ, Sany Group Co., Ltd., Voltas Limited, Volvo Group and XCMG Group.

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