How big is the Dump Trucks and Mining Trucks Market?

The Dump Trucks and Mining Trucks Market size is expected to reach USD 28.76 billion in 2024 and grow at a CAGR of 5.73% to reach USD 38.00 billion by 2029. Read More

What is the current Dump Trucks and Mining Trucks Market size?

In 2024, the Dump Trucks and Mining Trucks Market size is expected to reach USD 28.76 billion. Read More

Who are the key players in Dump Trucks and Mining Trucks Market?

Liebherr Group , Caterpillar, Inc. , Volvo Group, Belaz and Ashok Leyland Ltd. are the major companies operating in the Dump Trucks and Mining Trucks Market. Read More

Which is the fastest growing region in Dump Trucks and Mining Trucks Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Dump Trucks and Mining Trucks Market?

In 2024, the Asia Pacific accounts for the largest market share in Dump Trucks and Mining Trucks Market. Read More

What years does this Dump Trucks and Mining Trucks Market cover, and what was the market size in 2023?

In 2023, the Dump Trucks and Mining Trucks Market size was estimated at USD 27.20 billion. The report covers the Dump Trucks and Mining Trucks Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Dump Trucks and Mining Trucks Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the latest technological advancements in Dump and Mining Trucks?

The latest technological advancements in the Dump Trucks and Mining Trucks are a) Integration of IoT for performance monitoring b) Advanced battery technologies for electric trucks c) Improved drivetrain systems Read More

What are the key factors driving the Mining Trucks Market?

Growth of the Mining Trucks Market is driven by a) Rise in mining activities b) Infrastructure development c) Increasing demand for mineral fuels Read More

Dump Trucks and Mining Trucks Market Share

Statistics for the 2023 & 2024 Dump Trucks and Mining Trucks market share, created by Mordor Intelligence™ Industry Reports. Dump Trucks and Mining Trucks share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Dump Trucks and Mining Trucks Industry

The global dump trucks and mining trucks market is moderately consolidated, with a limited number of active local and international players. Some major players in the market are Caterpillar, Inc., Doosan Infracore, and Hitachi Construction Machinery Co., Ltd., Liebherr Group, amongst others. The companies are developing and adding new technologies to their existing models, launching new models, and tapping into new and unexplored markets.

Mining companies are investing in setting up their operation, which might act as an opportunity pocket for several mining equipment manufacturers. For instance, in March 2021, Rio Tinto Company announced that it would start Tellurium production in Kennecott mine, US. The company announced an investment of USD 2.9 million for the metal recovery process and will have a production capacity of 20 tons per year. This metal is used in the production of photovoltaic cells.