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World Mining Truck Market Trends and Growth Prospects 2019

Global Mining Truck Market 2015-2019 is a new research report added by Sandlerresearch.org under the automotive category. The report the report states that the shortage of skilled operators is one of the many challenges faced by this market. Mining truck operators are required to undergo rigorous training to earn a certification to operate the equipment.

The analysts forecast global mining truck market to grow at a CAGR of 1.99% over the period 2014-2019.Mining trucks, often referred to as haul trucks, are rigid dump trucks exclusively engineered for use in off-road operations such as mining and heavy-duty construction. Mining trucks are classified based on capacity, number of axles, drive options, and dump types. Mining trucks account for 45.27% of the entire mining equipment market. The capacity of mining trucks range from 90 to 363 metric tons. Mining trucks with capacities ranging from 308-363 metric tons are classified as “ultra-class” trucks.

Covered in this Report

This report covers the present scenario and the growth prospects of the global mining truck market for the period 2015-2019. The report includes historical sales of mining trucks in the global mining industry. The market size is determined by the number of units sold. The performance of the mining truck market is forecast with the help of the predicted CAGR after an analysis of the present condition of the market. Furthermore, a geographical analysis has been performed and key leading countries have been identified. In addition, the report discusses the major drivers that influence growth, the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market. However, the report does not include the revenue generated from the sales of mining trucks.

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Key Leading Countries

  • Australia
  • Canada
  • Indonesia
  • US

Key Vendors

  • Caterpillar
  • Hitachi Construction Machinery
  • Komatsu

Other Prominent Vendors

  • BelAZ
  • Liebherr

Market Driver

  • Increase in Aftermarket Opportunities

Market Challenge

  • Shortage of Skilled Operators

Market Trend

  • Growth of Mining Truck Rental Business

Key Questions Answered in this Report

  • What will the market size be in 2019 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?

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