Aug 2 2017
The "Global Mining Truck Market 2017-2021" report has been added to Research and Markets' offering.
The analysts forecast the global mining truck market to grow at a CAGR of 5.90% during the period 2017-2021.
Global Mining Truck Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is rise in rental equipment. Purchasing new equipment is expensive. Therefore, small and medium enterprises (SMEs) often rent equipment to save on costs.
Mining equipment, such as trucks, require a large sum for down payment and insurance, license fees, and taxes, further adding to the cost.
One driver in the market is smart mining equipment demand. The World Bank has predicted a growth of only 0.5% for the global mining industry in the coming years.
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
- Mack Trucks
- MAN Truck & Bus
- PACCAR Australia Pty
- Sandvik
- SANY GROUP
- Scania
- Tata Motors
- TATRA TRUCKS
Companies Mentioned
- Caterpillar
- Hitachi Construction Machinery
- Komatsu
- Liebherr
- Terex Trucks
- Ashok Leyland
- Asia Motors
- Atlas Copco
- BELAZ
- BEML
- BharatBenz
- CNH Industrial
- Deere & Company
- KRESS CORPORATION
- Mack Trucks
- MAN Truck & Bus
- PACCAR Australia Pty
- Sandvik
- SANY GROUP
- Scania
- Tata Motors
- TATRA TRUCKS