NEW YORK, Sept. 16, 2015 /PRNewswire/ -- About Mining Trucks
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.
Technavio's analysts forecast the global mining truck market to grow at a CAGR of 1.99% over the period 2014-2019.
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.
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
- For a full, detailed list, view our report
Market Challenge
- Shortage of Skilled Operators
- For a full, detailed list, view our report
Market Trend
- Growth of Mining Truck Rental Business
- For a full, detailed list, view our report
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?
- What are the strengths and weaknesses of the key vendors?
Read the full report: http://www.reportlinker.com/p02403081-summary/view-report.html
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