The market for underground mining trucks was estimated US$ 1.51Bn in 2019 which is expected to reach US$ 2.83 Bn by 2028 at a CAGR of 6.5% through the forecast period 2020 - 2028. The rising number of underground mines in order to satisfy the global demand for metals and minerals is expected to encourage the sale of underground mining trucks across the world. In addition, stringent miners’ safety regulations and environment protection laws increase the adoption of advanced underground equipment which satisfies operational and regulatory norms. Moreover, the demand for fuel-efficient trucks is expected to increase through the forecast period due to the rising need to reduce fuel consumption and the greenhouse gas effect. Mining equipment manufacturers are integrating customized hardware and software solutions to reduce fuel particulates and to improve fuel efficiency.
The global underground mining trucks market is highly competitive and multinational players have a strong hold in the global market. Market collaboration is expected to increase market competition as market leading players are focusing on market expansion through mergers and acquisitions. Caterpillar, Atlas Copco, GHH Fahrzeuge, Volvo, Sandvik, ZanamLegmet, Maclean, DUX, Bell, Get-man and MOAZ following are some major players in the global underground mining trucks industry. Caterpillar has been aggressively focusing on market expansion in underground mining truck segment through mergers and acquisitions in the recent past. In addition, numerous companies have been incorporating innovative technologies such as automation to offer a higher degree of functionality and safety in the underground mining environment. For instance, Sandvikreleased an autonomous truck haulage system that enables the company to convert its intelligent mining trucks into unmanned robots.
The report titled Underground Trucks Market- Growth, Future Prospects, and Competitive Analysis, 2020 – 2028 offers strategic insights into the overall underground trucks market along with the market estimates and forecast (in terms of both revenue and volume) for the duration of 2018 to 2028. This research study covers in-depth analysis of multiple market segments based on engine type, capacity and different geographies. The report includes market estimates in terms of both revenue and volume for regional markets (North America, Europe, Asia Pacific and Rest of the world) as well as for major countries in the region.
In order to assist in strategic decision making, the report also includes competitive profiling of the leading players in the underground trucks market, attractive investment proposition and, and market positioning of key vendors sections.
Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the treatment global heavy axles market, offering market size and estimates for the period from 2018 to 2028, keeping in mind the above-mentioned factors.
The global underground trucks market is classified into the following categories:
By Engine Type
By Capacity
By Region
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The global underground mining trucks market is highly competitive and multinational players have a strong hold in the global market. Market collaboration is expected to increase market competition as market leading players are focusing on market expansion through mergers and acquisitions. Caterpillar, Atlas Copco, GHH Fahrzeuge, Volvo, Sandvik, ZanamLegmet, Maclean, DUX, Bell, Get-man and MOAZ following are some major players in the global underground mining trucks industry. Caterpillar has been aggressively focusing on market expansion in underground mining truck segment through mergers and acquisitions in the recent past. In addition, numerous companies have been incorporating innovative technologies such as automation to offer a higher degree of functionality and safety in the underground mining environment. For instance, Sandvikreleased an autonomous truck haulage system that enables the company to convert its intelligent mining trucks into unmanned robots.
The report titled Underground Trucks Market- Growth, Future Prospects, and Competitive Analysis, 2020 – 2028 offers strategic insights into the overall underground trucks market along with the market estimates and forecast (in terms of both revenue and volume) for the duration of 2018 to 2028. This research study covers in-depth analysis of multiple market segments based on engine type, capacity and different geographies. The report includes market estimates in terms of both revenue and volume for regional markets (North America, Europe, Asia Pacific and Rest of the world) as well as for major countries in the region.
In order to assist in strategic decision making, the report also includes competitive profiling of the leading players in the underground trucks market, attractive investment proposition and, and market positioning of key vendors sections.
Other in-depth analysis provided in the report includes:
- Current and future market trends to justify the forthcoming attractive markets within the underground trucks industry
- Market influencing factors, market impediments, and their impact on the market growth
- In-depth competitive environment analysis
- Historical 2-Years market size data (2018 – 2019)
- Market Forecast for the period 2020 – 2028
- Market investment proposition – Key Investment Segments
- Company profiles of leading players in the global underground trucks industry (including financial overview, product portfolio, recent developments, and major competitors)
Overall, the research study provides a holistic view of the treatment global heavy axles market, offering market size and estimates for the period from 2018 to 2028, keeping in mind the above-mentioned factors.
The global underground trucks market is classified into the following categories:
By Engine Type
- Diesel
- Electric
By Capacity
- Less than 18 tons
- 18 tons to less than 26
- 26 tons to less than 36
- 36 tons to less than 46
- 46 tons to less than 56
- 56 tons to less than 65
- Capacity 65 Tons or More
By Region
- North America
- U.S.
- Rest of North America
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Rest of the World
- Latin America
- Middle East and Africa
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Table of Contents
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Global Underground Trucks Market Overview
Chapter 4 Global Underground Trucks Market Analysis, By Engine Type
Chapter 5 Global Underground Trucks Market Analysis, by Capacity
Chapter 6 Global Underground Trucks Market, Regional Analysis
Chapter 7 Company Profiles
Companies Mentioned
- Atlas Copco
- Caterpillar
- GHH Fahrzeuge
- Sandvik
- Volvo
- Zanam Legmet
- DUX
- Maclean
- Bell
- Get-man and MOAZ.
