Press release
Global Mining Truck Market Expected To Grow At CAGR Of 5.90% Between Years 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.
Technavios analysts forecast the global mining truck market to grow at a CAGR of 5.90% during the period 2017-2021.
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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 considers only new demand to be generated in the coming years.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's 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.
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Key vendors
Caterpillar
Hitachi Construction Machinery
Komatsu
Liebherr
Terex Trucks
Other prominent vendors
Ashok Leyland
Asia Motors
Atlas Copco
BELAZ
BEML
BharatBenz
CNH Industrial
Deere & Company
KRESS CORPORATION
Mack Trucks
MAN Truck & Bus
PACCAR Australia Pty
Sandvik
SANY GROUP
Scania
Tata Motors
TATRA TRUCKS
Market driver
Smart mining equipment demand
For a full, detailed list, view our report
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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