A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Mining
Dump Trucks
Market. The
study, titled “Mining
Dump Trucks Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
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.
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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.
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.
Get
accurate market forecast and analysis on the Mining Dump Trucks
market. Request a sample to stay abreast on the key trends impacting
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
Transparency
Market Research (TMR) is a market intelligence company, providing
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of quantitative forecasting and trends analysis provides
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proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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