PUBLISHER: Renub Research | PRODUCT CODE: 1438330
PUBLISHER: Renub Research | PRODUCT CODE: 1438330
Dump Trucks & Mining Trucks Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis
Global Dump Trucks & Mining Trucks Market is forecasted to be valued at around US$ 86.41 Billion by 2030, according to Renub Research. Dump trucks and mining trucks remain indispensable in modern times because of their vital role in diverse industries. These heavy-duty motors facilitate the transportation of ores, minerals, aggregates, and waste from mining sites or creation initiatives. Their strong layout and prominent ability ensure efficient hauling over rugged terrain, enhancing productivity and reducing operational expenses. Dump trucks and mining trucks are critical in driving financial development by offering raw materials for construction, infrastructure improvement, and resource extraction.
Global Dump Trucks & Mining Trucks Market is predicted to experience a CAGR of 8.01% from 2024 to 2030
The global market experiences momentum propelled by low expenses, fostering elevated adoption and expansion. Competitive pricing, inspired by technological improvements, manufacturing efficiencies, and market competition, makes dump trucks more accessible to various consumers. Lower costs attract consumers searching for price-effective solutions for cloth transportation needs, particularly in rising economies and industries like mining, production, and infrastructure development. This affordability stimulates market increase, driving the need for and propelling the global dump trucks and mining trucks market.
The surging demand for treasured metals drives an uptick in mining interest internationally, catalyzing growth in the global dump trucks & mining trucks market. As industries like electronics, automotive, and jewelry rely upon treasured metals, including gold, silver, and platinum, mining operations increase to fulfill this demand. Consequently, there may be a heightened want for heavy-duty vehicles to transport extracted materials successfully. This surge in mining interest at once fuels the need for dump trucks and mining trucks, propelling the market ahead. So, the global dump trucks & mining trucks market was US$ 50.39 Billion in 2023.
The market is expected to experience a considerable increase in the Asia-Pacific location, focusing on material coping with devices, which include dump trucks and mining trucks. The region is home to many mineral mines and has a high capability for mining output, increasing the demand for mining and dump vehicles. Further, the global dump truck and mining truck market is developing because of a surge in infrastructure tasks. This growth may be attributed to improved mining production activities, driven by excessive demand for minerals and natural sources, urbanization, added considerable investment and expanded consumer spending.
Rear dump trucks constitute a substantial share of the global market for dump trucks and mining trucks
By type, the global dump trucks & mining trucks market is fragmented into Rear Dump Trucks, Side Dump Trucks, and Roll-off Dump Trucks. Rear dump trucks accounted for one of the significant shares in the global dump trucks and mining trucks market. This is due to their versatility and performance in diverse applications. These trucks are favored for their potential to dump substances quickly and adequately, improving productivity in mining, production, and infrastructure initiatives. Their rear-end layout allows smooth dumping of substances, reducing turnaround time and growing operational performance. Also, rear dump trucks are well-suited for navigating rugged terrain, making them necessary for mining operations in harsh environments. These elements collectively contribute to their dominant role in the worldwide market.
Less than 100-ton category could potentially become a significant player in the global dump truck and mining truck market
By payload class, the global dump trucks & mining trucks market is segmented into Less than 100 tonnes and More than 100 tonnes. The less than 100-ton segment may emerge as a dynamic force in the global market of dump trucks and mining trucks. This is because those trucks offer a balance of power, maneuverability, and cost-effectiveness, catering to an extensive range of mining and creation operations. With the growing demand for smaller-scale tasks and operations in diverse geographical places, the flexibility and performance of these trucks cause them to be enormously sought-after. Moreover, their exceedingly decreased acquisition and operational expenses attract smaller mining companies and contractors, driving fast expansion in the dump trucks & mining trucks market segment.
Global dump truck and mining truck market might experience rapid growth in the prevalence of internal combustion engines
By engine type, the global dump trucks & mining trucks market is categorized into Internal Combustion and Electric. The inner combustion among engine types is experiencing speedy growth in the worldwide dump trucks & mining trucks market. This is due to its versatility, reliability, and familiarity. Internal combustion engines provide robust overall performance across diverse operating situations, making them ideal for the demanding environments encountered in mining and production programs. Besides, advancements in engine technology have progressed fuel performance and emissions performance, aligning with environmental guidelines and sustainability initiatives. With a proven track record and ongoing technological improvements, the internal combustion engine kind continues to gain traction and expand its presence worldwide.
Mining is among the leading uses in the global dump trucks & mining trucks market
By end-use, the global dump trucks & mining trucks market is split into Mining, Construction, Waste Management, and Others. Mining is one of the dominant forces in the global dump trucks & mining trucks market. This is because of its enormous and non-stop demand for heavy-duty hauling instruments. Mining operations rely closely on dump trucks and mining trucks to move ores, minerals, and overburden from excavation sites to processing facilities or transportation hubs. Due to extensive and severe international mining activities, mining and dump trucks are in high demand. This has mounted mining as an extensive player within the global market for those specialized cars.
Global dump truck and mining truck market might have a heightened share in Asia-Pacific
By country, the global dump trucks & mining trucks market is divided into North America (United States, Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, the Netherlands, and Turkey), Asia Pacific (China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, and New Zealand), Latin America (Brazil, Mexico, and Argentina), Middle East & Africa (South Africa, Saudi Arabia, and the UAE). The Asia-Pacific region had one of the highest market shares for dump trucks and mining trucks.
India contributed notably to the increase of the mining industry in this area. As per the Ministry of Mines in India, as of 2022, 1,245 mines were registered and actively generating a steady throughput. In eastern China, the government established gas pipelines in households. However, everyday delivery remains pending, leading to increased coal consumption for heating functions. Shanxi, China's biggest coal-generating province, relaxed stringent government regulations and plans to feature nearly eleven million tons of coal-producing capability to fulfill growing demand. These tendencies are anticipated to contribute to the growth of the global dump trucks and mining trucks market.
Key Players
The major businesses in the global dump trucks & mining trucks market are Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Corporation, Hitachi Construction Machinery Co., Ltd., Komatsu Ltd., Volvo Group, and XCMG Group.
In June 2022 - Volvo Trucks will provide battery and alternative fuel-powered trucks to reduce emissions. Soon, they'll introduce fuel cell electric trucks powered by hydrogen, which generate their power and emit only water vapor.
In June 2022 - Fortescue announced a plan to purchase 120 zero-emission mining trucks from Liebherr. These trucks incorporate zero-emission power technology developed jointly by Fortescue Future Industries and Williams Advanced Engineering.
Type - Global Dump Trucks & Mining Trucks Market breakup in 3 viewpoints:
1. Rear Dump Trucks
2. Side Dump Trucks
3. Roll-off Dump Trucks
Payload Class - Global Dump Trucks & Mining Trucks Market breakup in 2 viewpoints:
1. Less than 100 tonnes
2. More than 100 tonnes
Engine Type - Global Dump Trucks & Mining Trucks Market breakup in 2 viewpoints:
1. Internal Combustion
2. Electric
End-Use - Global Dump Trucks & Mining Trucks Market breakup in 4 viewpoints:
1. Mining
2. Construction
3. Waste Management
4. Others
Country - Global Dump Trucks & Mining Trucks Market breakup of 25 Countries:
1. North America
- 1.1 United States
- 1.2 Canada
2. Europe
- 2.1 France
- 2.2 Germany
- 2.3 Italy
- 2.4 Spain
- 2.5 United Kingdom
- 2.6 Belgium
- 2.7 Netherlands
- 2.8 Turkey
3. Asia Pacific
- 3.1 China
- 3.2 Japan
- 3.3 India
- 3.4 South Korea
- 3.5 Thailand
- 3.6 Malaysia
- 3.7 Indonesia
- 3.8 Australia
- 3.9 New Zealand
4. Latin America
- 4.1 Brazil
- 4.2 Mexico
- 4.3 Argentina
5. Middle East & Africa
- 5.1 Saudi Arabia
- 5.2 UAE
- 5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Caterpillar Inc.
2. CNH Industrial N.V.
3. Deere & Company
4. Doosan Corporation
5. Hitachi Construction Machinery Co., Ltd.
6. Komatsu Ltd.
7. Volvo Group
8. XCMG Group.
Table of Contents
1. Introduction
2. Research& Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. Global Dump Trucks & Mining Truck Market
6. Market Share - Global Dump Trucks & Mining Truck Analysis
- 6.1 By Type
- 6.2 By Payload Class
- 6.3 By Engine Type
- 6.4 By End Use
- 6.5 By Country
7. Type - Global Dump Trucks & Mining Truck Market
- 7.1 Rear Dump Trucks
- 7.2 Side Dump Trucks
- 7.3 Roll-off Dump Trucks
8. Payload Class - Global Dump Trucks & Mining Truck Market
- 8.1 Less than 100 tonnes
- 8.2 More than 100 tonnes
9. Engine Type - Global Dump Trucks & Mining Truck Market
- 9.1 Internal Combustion
- 9.2 Electric
10. End Use - Global Dump Trucks & Mining Truck Market
- 10.1 Mining
- 10.2 Construction
- 10.3 Waste Management
- 10.4 Others
11. Country - Global Dump Trucks & Mining Truck Market
- 11.1 North America
- 11.1.1 United States
- 11.1.2 Canada
- 11.2 Europe
- 11.2.1 France
- 11.2.2 Germany
- 11.2.3 Italy
- 11.2.4 Spain
- 11.2.5 United Kingdom
- 11.2.6 Belgium
- 11.2.7 Netherlands
- 11.2.8 Turkey
- 11.3 Asia Pacific
- 11.3.1 China
- 11.3.2 Japan
- 11.3.3 India
- 11.3.4 South Korea
- 11.3.5 Thailand
- 11.3.6 Malaysia
- 11.3.7 Indonesia
- 11.3.8 Australia
- 11.3.9 New Zealand
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.2 Mexico
- 11.4.3 Argentina
- 11.5 Middle East & Africa
- 11.5.1 Saudi Arabia
- 11.5.2 UAE
- 11.5.3 South Africa
12. Porter's Five Analysis - Global Dump Trucks & Mining Truck Market
- 12.1 Bargaining Power of Buyers
- 12.2 Bargaining Power of Suppliers
- 12.3 Degree of Rivalry
- 12.4 Threat of New Entrants
- 12.5 Threat of Substitutes
13. SWOT Analysis - Global Dump Trucks & Mining Truck Market
- 13.1 Strength
- 13.2 Weakness
- 13.3 Opportunity
- 13.4 Threat
14. Key Players
- 14.1 Caterpillar Inc.
- 14.1.1 Overview
- 14.1.2 Recent Development
- 14.1.3 Revenue
- 14.2 CNH Industrial N.V.
- 14.2.1 Overview
- 14.2.2 Recent Development
- 14.2.3 Revenue
- 14.3 Deere & Company
- 14.3.1 Overview
- 14.3.2 Recent Development
- 14.3.3 Revenue
- 14.4 Doosan Corporation
- 14.4.1 Overview
- 14.4.2 Recent Development
- 14.4.3 Revenue
- 14.5 Hitachi Construction Machinery Co., Ltd.
- 14.5.1 Overview
- 14.5.2 Recent Development
- 14.5.3 Revenue
- 14.6 Komatsu Ltd.
- 14.6.1 Overview
- 14.6.2 Recent Development
- 14.6.3 Revenue
- 14.7 Volvo Group
- 14.7.1 Overview
- 14.7.2 Recent Development
- 14.7.3 Revenue
- 14.8 XCMG Group
- 14.8.1 Overview
- 14.8.2 Recent Development
- 14.8.3 Revenue
List of Figures
- Figure-01: Global - Dump Trucks & Mining Truck Market (Billion US$), 2019 - 2023
- Figure-02: Global - Forecast for Dump Trucks & Mining Truck Market (Billion US$), 2024 - 2030
- Figure-03: Type - Rear Dump Trucks Market (Million US$), 2019 - 2023
- Figure-04: Type - Forecast for Rear Dump Trucks Market (Million US$), 2024 - 2030
- Figure-05: Type - Side Dump Trucks Market (Million US$), 2019 - 2023
- Figure-06: Type - Forecast for Side Dump Trucks Market (Million US$), 2024 - 2030
- Figure-07: Type - Roll-off Dump Trucks Market (Million US$), 2019 - 2023
- Figure-08: Type - Forecast for Roll-off Dump Trucks Market (Million US$), 2024 - 2030
- Figure-09: Payload Class - Less than 100 tonnes Market (Million US$), 2019 - 2023
- Figure-10: Payload Class - Forecast for Less than 100 tonnes Market (Million US$), 2024 - 2030
- Figure-11: Payload Class - More than 100 tonnes Market (Million US$), 2019 - 2023
- Figure-12: Payload Class - Forecast for More than 100 tonnes Market (Million US$), 2024 - 2030
- Figure-13: Engine Type - Internal Combustion Market (Million US$), 2019 - 2023
- Figure-14: Engine Type - Forecast for Internal Combustion Market (Million US$), 2024 - 2030
- Figure-15: Engine Type - Electric Market (Million US$), 2019 - 2023
- Figure-16: Engine Type - Forecast for Electric Market (Million US$), 2024 - 2030
- Figure-17: End Use - Mining Market (Million US$), 2019 - 2023
- Figure-18: End Use - Forecast for Mining Market (Million US$), 2024 - 2030
- Figure-19: End Use - Construction Market (Million US$), 2019 - 2023
- Figure-20: End Use - Forecast for Construction Market (Million US$), 2024 - 2030
- Figure-21: End Use - Waste Management Market (Million US$), 2019 - 2023
- Figure-22: End Use - Forecast for Waste Management Market (Million US$), 2024 - 2030
- Figure-23: End Use - Others Market (Million US$), 2019 - 2023
- Figure-24: End Use - Forecast for Others Market (Million US$), 2024 - 2030
- Figure-25: United States - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-26: United States - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-27: Canada - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-28: Canada - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-29: France - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-30: France - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-31: Germany - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-32: Germany - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-33: Italy - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-34: Italy - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-35: Spain - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-36: Spain - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-37: United Kingdom - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-38: United Kingdom - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-39: Belgium - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-40: Belgium - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-41: Netherlands - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-42: Netherlands - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-43: Turkey - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-44: Turkey - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-45: China - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-46: China - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-47: Japan - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-48: Japan - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-49: India - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-50: India - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-51: South Korea - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-52: South Korea - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-53: Thailand - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-54: Thailand - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-55: Malaysia - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-56: Malaysia - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-57: Indonesia - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-58: Indonesia - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-59: Australia - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-60: Australia - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-61: New Zealand - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-62: New Zealand - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-63: Brazil - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-64: Brazil - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-65: Mexico - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-66: Mexico - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-67: Argentina - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-68: Argentina - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-69: Saudi Arabia - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-70: Saudi Arabia - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-71: UAE - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-72: UAE - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-73: South Africa - Dump Trucks & Mining Truck Market (Million US$), 2019 - 2023
- Figure-74: South Africa - Forecast for Dump Trucks & Mining Truck Market (Million US$), 2024 - 2030
- Figure-75: Caterpillar Inc. - Global Revenue (Million US$), 2019 - 2023
- Figure-76: Caterpillar Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-77: CNH Industrial N.V. - Global Revenue (Million US$), 2019 - 2023
- Figure-78: CNH Industrial N.V. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-79: Deere & Company - Global Revenue (Million US$), 2019 - 2023
- Figure-80: Deere & Company - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-81: Doosan Corporation - Global Revenue (Million US$), 2019 - 2023
- Figure-82: Doosan Corporation - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-83: Hitachi Construction Machinery Co., Ltd. - Global Revenue (Million US$), 2019 - 2023
- Figure-84: Hitachi Construction Machinery Co., Ltd. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-85: Komatsu Ltd. - Global Revenue (Million US$), 2019 - 2023
- Figure-86: Komatsu Ltd. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-87: Volvo Group - Global Revenue (Million US$), 2019 - 2023
- Figure-88: Volvo Group - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-89: XCMG Group - Global Revenue (Million US$), 2019 - 2023
- Figure-90: XCMG Group - Forecast for Global Revenue (Million US$), 2024 - 2030
List of Tables
- Table-01: Global - Dump Trucks & Mining Truck Market Share by Type (Percent), 2019 - 2023
- Table-02: Global - Forecast for Dump Trucks & Mining Truck Market Share by Type (Percent), 2024 - 2030
- Table-03: Global - Dump Trucks & Mining Truck Market Share by Payload Class (Percent), 2019 - 2023
- Table-04: Global - Forecast for Dump Trucks & Mining Truck Market Share by Payload Class (Percent), 2024 - 2030
- Table-05: Global - Dump Trucks & Mining Truck Market Share by Engine Type (Percent), 2019 - 2023
- Table-06: Global - Forecast for Dump Trucks & Mining Truck Market Share by Engine Type (Percent), 2024 - 2030
- Table-07: Global - Dump Trucks & Mining Truck Market Share by End Use (Percent), 2019 - 2023
- Table-08: Global - Forecast for Dump Trucks & Mining Truck Market Share by End Use (Percent), 2024 - 2030
- Table-09: Global - Dump Trucks & Mining Truck Market Share by Countries (Percent), 2019 - 2023
- Table-10: Global - Forecast for Dump Trucks & Mining Truck Market Share by Countries (Percent), 2024 - 2030
