Global Underground Mining Trucks Market By Engine Type (Diesel And Electric), By Capacity (Less Than 18 Tons, 18 Tons To Less Than 26, 26 Tons To Less Than 36, 36 Tons To Less Than 46, 46 Tons To Less Than 56, 56 Tons To Less Than 65 And Capacity 65 Tons Or More) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2025

The market for underground mining trucks was estimated US$ 1.28 Bn in 2016 which is expected to reach US$ 2.35 Bn by 2025 at a CAGR of 6.8% through the forecast period 2017 - 2025. Rising number of underground mines in order to satisfy global demand for metals and minerals is expected encourage the sale of underground mining trucks across the world. In addition, stringent miners’ safety regulation and environment protection laws are increase the adoption advanced underground equipment which satisfy operational and regulatory norms. Moreover, demand for fuel efficient trucks is expected increase through the forecast period due to rising need to reduce fuel consumption and greenhouse gas effect. Mining equipment manufacturers are integrating customized hardware and software solutions to reduce fuel particulates and to improve fuel efficiency.

Global underground mining trucks market is highly competitive and multinational players have strong hold in the global market. Market collaboration is expected to increase market competition as market leading players are focusing on market expansion through mergers and acquisitions. Caterpillar, Atlas Copco, GHH Fahrzeuge, Volvo, Sandvik, Zanam Legmet, Maclean, DUX, Bell, Get-man and MOAZ following are some major players in the global underground mining trucks industry. Caterpillar is aggressively focusing on market expansion in underground mining truck segment through mergers and acquisitions. In August 2016, Caterpillar Underground Mining Pty, Ltd (CUGM) has acquired the intellectual property (IP) of underground articulated truck designs from Ground Force Worldwide. This has helped company to add more design options to its 20 tonnes underground truck segment.  The company also acquired intellectual property of articulated underground truck designs from Specialised Vehicle Solutions Pty Ltd (SVS). Such recent acquisitions has helped the company to strengthen its position in underground truck segment.

The global underground trucks market is classified into following categories:

By Engine Type

• Diesel
• Electric

By Capacity

• Less than 18 tons
• 18 tons to less than 26
• 26 tons to less than 36
• 36 tons to less than 46
• 46 tons to less than 56
• 56 tons to less than 65
• Capacity 65 Tons or More

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe
• Asia-Pacific
  • India
  • China
  • Japan
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

Frequently Asked Questions: