Global Dump Trucks and Mining Trucks Market is valued at approximately USD 48.57 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.45% over the forecast period 2022-2029. Heavy mining and construction are conducted using mining trucks, which are mechanized vehicles used for both on- and off-road transportation. Their large wheels, which can support many tons of weight, make them haul trucks that are frequently employed in mining, refining, and disposal sites. Various types of mining trucks, including rear dump trucks, bottom dump trucks, water trucks, and lubricant trucks, are being employed in a variety of industries all over the world. The market is expected to increase as a result of a number of important reasons, including rising mining activity and rising demand for mining and dump trucks with lower emissions.

Global demand for mining trucks is anticipated to be driven by increased industrialization, more automation use, and increased dredging activities. For the dredging of the Gomati, a transboundary river that runs between India and Bangladesh, as well as the building of 10 jetties for a canal project, the Indian Government approved around USD 3.1 million in February 2022. The Ministry of Shipping has authorized dredging operations in Gomati and the construction of 10 floating jetties from Udaipur in the Gomati district to Sonamura for a total cost of USD 3.14 million. However, the lack of trained operators stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Dump Trucks and Mining Trucks Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is expected to be the leading and fastest-growing region in the forecast years. The mining and construction industries are awarding new contracts to regional players as a result of the growth in mining operations in nations such as China, India, Japan, Australia, and so on.

Major market players included in this report are:

Sany Heavy Industry Co., Ltd.

Caterpillar, Inc.

BAS Mining Trucks

Hitachi Construction Machinery Co. Ltd.

Liebherr Group

KGHM Zanam SA

Terex Corporation

Komatsu Ltd.

Volvo group

BelAZ

Recent Developments in the Market:

In March 2022, According to XCMG, it successfully designed and modified the largest rigid, 400-ton, rear-wheel drive mining truck in the world. The truck has also been modified for China Minmetals Corporation, which runs mines in South America, Australia, and North America.
In June 2022, the purchase of 120 zero-emission mining trucks from Liebherr has been announced by Fortescue. Fortescue Future Industries and Williams Advanced Engineering jointly developed the zero-emission power technologies that are installed into the vehicles.
Global Dump Trucks and Mining Trucks Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Truck Type, Fuel Type, Capacity Type and Application Type, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Truck type:

Side dump truck

Rear Dump truck

Others

By Fuel Type:

IC Engine

Electric

By Capacity Type:

Less than 200 metric ton

More than 200 metric ton

By Application Type:

Mining

Construction

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World