Report: Growth of Global Mining Truck Market 2018-2022

The "Global Mining Truck Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The mining truck market will register a CAGR of close to 5% by 2022.

The advent of smart mining equipment to drive growth in the market

Several mining companies are adopting smart technologies such as digitalization and automation to improve their productivity and reduce risks. They are also connecting mining trucks to obtain better control over their fleet.

Rising adoption of automation

Several companies are automating their mining operations to improve productivity and reduce the number of accidents.

Slow growth of coal mining industry

Slow growth of mining industry to affect the growth of the mining trucks market majorly.

Key Players

  • Caterpillar
  • Hitachi Construction Machinery
  • Komatsu
  • Liebherr
  • Volvo

Source: https://www.researchandmarkets.com/research/j9535g/global_mining?w=4

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit
Azthena logo

AZoM.com powered by Azthena AI

Your AI Assistant finding answers from trusted AZoM content

Azthena logo with the word Azthena

Your AI Powered Scientific Assistant

Hi, I'm Azthena, you can trust me to find commercial scientific answers from AZoNetwork.com.

A few things you need to know before we start. Please read and accept to continue.

  • Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
  • Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
  • Large Language Models can make mistakes. Consider checking important information.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.