Mining Dump Trucks Market - Global Industry Analysis and Forecast : 2024
Mining
dump trucks are utilized for the transportation of released rocks and
bits during the mining process. These released rocks and bits are
transported to end-users’ sites. Contractors engaged in the general
construction business are switching from highly priced dumping trucks to
mining dump trucks, as they are low-priced and with high operational
efficiency. Mining trucks with different pay-load capacities are
permitted to ply on the highways. Due to increase in mining activities
and development of new mining sites, especially new coalfields; the
production of rigid machines such as mining dump trucks has increased
over the years. Demand from construction and cement sectors also remains
buoyant.
Browse Market Research Report @
Based
on product type, the global mining dump trucks market can be segmented
into rear dump trucks, bottom dump trucks, lube trucks, tow trucks,
water trucks, and others. Mining dump trucks are large-bottom dump
trucks, which transport or haul a large amount of materials. The choice
of the type and size of a mining dump truck would depends on numerous
factors including the size of mine, type of mine, mined minerals,
excavation machinery available, and the capital investable or invested.
Based
on capacity, the mining dump trucks market can be segmented into:
90–110 metric tons, 127–150 metric tons, 154–190 metric tons, 218–255
metric tons, 290 metric tons, and 308–363 metric tons. Based on mining
type, the market can be segregated into open-pit mining and underground
mining. There are several companies involved in the supply of dumping
trucks. Generally, they have short-term or long-term contracts with the
mining companies.
Several
mining companies across the globe are opting for high-capacity mining
dump trucks with greater operational efficiency. Increase in the
exploration of new coalfields and mining of precious metals are the key
factors promoting the growth of the mining dump trucks market. Mining
trucks, also known as haul trucks, can be efficiently used in off-road
and off-highway conditions. Cutting-edge design and technology allow the
companies to avoid any breakdown or delay. Mining dump trucks are
specifically engineered for use in mining environments and heavy-duty
working conditions.
In
2012, Hitachi launched EH5000AC-3, which is a large-sized, rigid–frame,
dump truck. Payload capacity of this truck is 326 tons and the overall
length of 15.5 meters. Caterpillar launched 795F AC, a truck with the
payload capacity of 345 tons. OJSC BELAZ, a Russian company, launched
the 75600 series of mining dump trucks. These are currently one of the
largest mining dump trucks in the world. Terex Corporation launched the
MT 5500AC series of mining dump trucks with payload capacity of 598
tons.
Growth
of the mining industry is the primary driver for the mining dump trucks
market. Use of coal as an energy source is increasing in several
end-use industries such as steel. The growing mining industry across the
globe, especially Asia Pacific, is likely to result in significant
growth of the global mining dump trucks market. Furthermore, increasing
demand for electricity is expected to augment the global demand for
coal, which would lead to mining dump trucks witnessing high demand in
the next few years. Globally, China accounts for the maximum coal
production, followed by the U.S. In Europe, Russia leads in terms of
coal production, followed by Germany and Poland.
Get
accurate market forecast and analysis on the Mining Dump Trucks Market.
Request a sample to stay abreast on the key trends impacting this
market @
Key
manufacturers and suppliers of mining dump trucks include Caterpillar,
Inc., European Truck Factory GmbH, Hitachi Construction Machinery Co.,
Ltd., AB Volvo, Komatsu Ltd., BAS Mining Trucks, and OJSC Belaz.
Comments
Post a Comment