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(Transportation-News.com, April 16, 2018 ) Mining trucks are defined as specialized trucks used for carrying and hauling mining materials such as minerals, metals, and coal. The global truck mining market is segmented into light-duty vehicles, medium-duty vehicles, and heavy-duty vehicles. When the gross weight of the vehicle is more than 33,069 lbs., it is termed as a heavy-duty vehicle. Mining trucks are heavy-duty machines, which are used to haul minerals and other mining materials from one place to another.
Publisher's analysts forecast the global mining truck market to grow at a CAGR of 5.90% during the period 2017-2021.
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the increasing demand for fuel efficient products to reduce carbon emissions and increasing fuel efficiency as one of the primary growth factors for this market. The recent introduction of new guidelines from the US environment protection agency to reduce the emission of carbon from heavy vehicles has led to the increase in demand for fuel efficient products. These fuel-efficient products will help in lowering the cost of the product and increase their efficiency. The increasing demand from the end users will induce vendors to concentrate on advanced technology and features, which will boost the growth of the market for mining trucks.
Key vendors
-Caterpillar
-Hitachi Construction Machinery
-Komatsu
-Liebherr
-Terex Trucks
Other prominent vendors
-Ashok Leyland
-Asia Motors
-Atlas Copco
-BELAZ
-BEML
-BharatBenz
-CNH Industrial
-Deere & Company
-KRESS CORPORATION
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Market driver
-Smart mining equipment demand
Market challenge
-Over-dependence on China
Market trend
-Rise in rental equipment
Fundamentals of Table of Content:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles
Complete report is available @ http://www.reportsweb.com/global-mining-truck-market-2017-2021
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