Mining Dump Truck Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Mining Dump Truck Market Growth is segmented by truck type (side dump truck and rear dump truck), fuel type (IC engine and electric), capacity type (less than 200 metric tons and more than 200 metric tons), application (mining, construction, and other applications), and geography (North America, Europe, Asia-Pacific and rest of the world). The market size and forecast of the dump trucks and mining trucks market are Provided in terms of value (USD million) for the above-mentioned segments.

Mining Dump Truck Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Mining Dump Truck Industry Overview

The global dump trucks and mining trucks market is moderately consolidated, with a limited number of active local and international players. Some major players in the market are Caterpillar, Inc., Doosan Infracore, and Hitachi Construction Machinery Co., Ltd., Liebherr Group, amongst others. The companies are developing and adding new technologies to their existing models, launching new models, and tapping into new and unexplored markets.

Mining companies are investing in setting up their operation, which might act as an opportunity pocket for several mining equipment manufacturers. For instance, in March 2021, Rio Tinto Company announced that it would start Tellurium production in Kennecott mine, US. The company announced an investment of USD 2.9 million for the metal recovery process and will have a production capacity of 20 tons per year. This metal is used in the production of photovoltaic cells.

Mining Dump Truck Market Leaders

  1. Liebherr Group

  2. Caterpillar, Inc.

  3. Volvo Group

  4. Belaz

  5. Ashok Leyland Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Dump Trucks and Mining Trucks Market Concentration

Mining Dump Truck Market Report Snapshots

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