Press release
Mining Truck Market Seeing 5.90% CAGR Growth to 2021
Global Mining Truck Market is Projected to grow at 5.90% CAGR during the period 2017-2022. Mining Truck Industry research report also provides granular analysis of the market share, Size, Market driver, the Report analysts forecast the global mining truck market to grow at a CAGR of 5.90% during the period 2017-2021.Mining trucks are defined as specialized trucks used for carrying and hauling mining materials such as minerals, metals, and coal. The global truck mining market is segmented into light-duty vehicles, medium-duty vehicles, and heavy-duty vehicles. When the gross weight of the vehicle is more than 33,069 lbs., it is termed as a heavy-duty vehicle. Mining trucks are heavy-duty machines, which are used to haul minerals and other mining materials from one place to another.
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Covered in this report
The report covers the present scenario and the growth prospects of the global Mining Truck market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: Americas, APAC, EMEA
The report, Global Mining Truck Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors Caterpillar, Hitachi Construction Machinery, Komatsu, Liebherr, Terex Trucks
Other prominent vendors Ashok Leyland, Asia Motors, Atlas Copco, BELAZ, BEML
Market driver Smart mining equipment demand, For a full, detailed list, view our report
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Market challenge Over-dependence on China, For a full, detailed list, view our report
Market trend Rise in rental equipment, For a full, detailed list, view our report
Key questions answered in this report What will the market size be in 2021 and what will the growth rate be What are the key market trends?, What is driving this market?, What are the challenges to market growth?, Who are the key vendors in this market space?, What are the market opportunities and threats faced by the key vendors?, What are the strengths and weaknesses of the key vendors
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