What is Mining Dump Trucks Market?
Mining dump truck is used for moving material such as mining material for mining purposes. They are an important part of various mining projects. As companies mine the ground for coal and other valuable resources, huge dump trucks are needed to carry the extremely-large loads of dirt, coal, and rocks that are taken out of the ground. Mining dump trucks are built around the rigid chassis, such as the open-box bed, engine, operatorís cabin, axles, and steering components.
The market study is being classified by Type (Autonomous and Human Driver), by Application (Open-Pit Mining and Underground Mining) and major geographies with country level break-up.
Volvo Construction Equipment (Sweden), Scania (Sweden), Freightliner Trucks (United States), Hitachi Construction Machinery (Japan), Kenworth (United States), Caterpillar (United States), Tata Motors (India), Komatsu (Japan), XCMG Group (China) and Iveco (Italy) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are AB Volvo (Sweden), Ashok Leyland (India), Perlini Equipment (Italy), OJSC BELAZ (Belarus) and Liebherr (Germany).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through innovation or development in the technology, expansions and acquisitions across the globe to avail competitive advantage through combined collaborations. The rigid dump truck market comprises of large-scale international vendors. The manufacture of mining dump truck needs high initial investments, especially in R&D activities. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Mining Dump Trucks market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Mining Dump Trucks market by Type, Application and Region.
On the basis of geography, the market of Mining Dump Trucks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing demand of precious metals
- Increased preference for large and heavy-duty mining dump trucks
- Improve mining dump trucks technology
- Sustainable mining solutions
- Integration of IoT in mining trucks for remote monitoring
- Requires high initial investments
- Increase in government spending on infrastructure in emerging economies
- Shortage of skilled operators
Market Leaders and some development strategies
January 26, 2018: Komatsu Ltd. signed an agreement to acquire, a company based in Quebec, Canada, the Quadco and Southstar forestry attachment operations, excluding the forestry equipment businesses of Tanguay and Forespro delimbers. The acquisitionis made through a wholly owned subsidiary of Komatsu in the United States.
In June 2018, Komatsu announced the launch of its two articulated dump trucks compliant with the EPA Tier 4 Final emission standards and incorporate an electronic control system for better performance.
Key Target AudienceManufacturers of Rigid Mining Dump Trucks, Suppliers of Rigid Mining Dump Trucks, Wholesalers, Distributors and Retailers Rigid Mining Dump Trucks, Mining and Construction Industry and Governmental Bodies
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