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Global Mining Truck Market Report 2020-2024: Market is Poised to Grow by 861.57 Million - Rising Use of EVs and Availability of Rentals will Lead to Sizable Demand

Research and Markets
·3-min read

Dublin, Feb. 05, 2021 (GLOBE NEWSWIRE) -- The "Global Mining Truck Market 2020-2024" report has been added to's offering.

The mining truck market is poised to grow by 861.57 mn during 2020-2024 progressing at a CAGR of 3% during the forecast period.

The market is driven by the growth of mining industry, rising adoption of automation and incorporation of safety features. In addition, growth of mining industry is anticipated to boost the growth of the market as well.

The reports on mining truck market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The mining truck market analysis includes product segment and geographical landscapes

This study identifies the advent of smart mining equipment as one of the prime reasons driving the mining truck market growth during the next few years. Also, rising use of EVs and availability of rentals will lead to sizable demand in the market.

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading mining truck market vendors that include AB Volvo, BAS Holding BV, BEML Ltd., Caterpillar Inc., Epiroc AB, Hitachi Ltd., Komatsu Ltd., Liebherr-International AG, SANY Group Co. Ltd., and Tata Motors Ltd..

Also, the mining truck market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers.

The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.

Key Topics Covered:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Product

  • Market segments

  • Comparison by Product

  • 90-150 tons - Market size and forecast 2019-2024

  • 154-255 tons - Market size and forecast 2019-2024

  • 290-363 tons - Market size and forecast 2019-2024

  • Market opportunity by Product

Customer Landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • AB Volvo

  • BAS Holding BV

  • BEML Ltd.

  • Caterpillar Inc.

  • Epiroc AB

  • Hitachi Ltd.

  • Komatsu Ltd.

  • Liebherr-International AG

  • SANY Group Co. Ltd.

  • Tata Motors Ltd.


For more information about this report visit

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