Jan 17 2019
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