Market players are focusing on innovations in LHD trucks, to increase the safety of personnel and improve productivity. Additionally, the integration of an automatic control system helps in controlling LHD from a distance and does not need operators at the sight. As a result, this further helps in security and increases productivity. Moreover, based on this the demand for LHD trucks are projected to increase during the forecast period. However, vehicle maintenance expenditure and high costs are major factors that may hamper the LHD trucks' market growth.
Rapidly increasing demand for LHD trucks due to increasing underground mines worldwide to satisfy mineral and metal demand. Furthermore, to match stringent regulations of the government on the consumption of fuel and greenhouse gas reduction, underground mining equipment manufacturers are constantly focusing on introducing fuel-efficient models. In addition, to improve fuel efficiency and reduce fuel particulates manufacturers are integrating customized software and hardware solutions. This, in turn, propels the LHD truck market growth. The COVID-19 crisis has thrown the entire LHD trucks industry in disarray. Due to the lockdown, businesses shut down and impacted manufacturers negatively. The shutdown of factory and plants has impacted the supply chain and delayed construction and mining project.
Key features of the study:
- This report provides in-depth analysis of the Global Load Haul and Dump Trucks Market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the Global Load Haul and Dump Trucks Market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Anchises Technologies Co. Ltd, Atlas Copco, Caterpillar Inc., DUX Machinery Corporation, Eimco Elecon (India) Ltd., GHH Fahrzeuge, Hensley Industries, Inc., Joy Global Inc., KGHM ZANAM S.A, and Mining Technologies International Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- Global Load Haul and Dump Trucks Market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Load Haul and Dump Trucks Market.
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics.
- Global Load Haul and Dump Trucks Market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Load Haul and Dump Trucks Market.
Detailed Segmentation:
- Global Load Haul and Dump Trucks Market, By Engine Type:
- Diesel Engine
- Electric Engine
- Global Load Haul and Dump Trucks Market, By Mining Type
- Underground Mining
- Surface Mining
- Global Load Haul and Dump Trucks Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- Anchises Technologies Co. Ltd
- Atlas Copco
- Caterpillar Inc.
- DUX Machinery Corporation
- Eimco Elecon (India) Ltd.
- GHH Fahrzeuge
- Hensley Industries, Inc.
- Joy Global Inc.
- KGHM ZANAM S.A
- Mining Technologies International Inc.
