MINING TRUCK MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2026 - 2033)

Mining Truck Market, By Mode of Operation (Autonomous and Manual), By Truck Type (Rigid Frame Haul Trucks, Articulated Haul Trucks, Off Highway Trucks, and Underground Mining Trucks), By Propulsion (Diesel, Hybrid Electric, and Others), By Payload Capacity (Less than 100 tons, 100 to 200 tons, 200 to 300 tons, and Above 300 tons), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In: 06 Feb, 2026
Code: CMI9312
Page number: 135
Formats: Excel and PDF
Industry: Industrial Automation and Machinery
- Historical Range : 2020 - 2024
- Base Year : 2025
- Estimated Year : 2026
- Forecast Period : 2026 - 2033

According to Coherent Market Insights, the global mining truck market size is expected to stand at USD 26 Bn in 2026 and is projected to reach USD 42 Bn by 2033, expanding at a compound annual growth rate (CAGR) of 6% from 2026 to 2033. The global mining truck market represents a critical segment within the broader mining equipment industry, encompassing heavy-duty vehicles specifically designed to transport extracted materials from mining sites to processing facilities or storage areas. These specialized vehicles are engineered to withstand harsh mining environments, including extreme temperatures, corrosive conditions, and challenging terrains while maintaining operational efficiency and safety standards.

The market encompasses both rigid dump trucks and articulated dump trucks, each serving distinct operational requirements based on mine type, terrain conditions, and payload demands. As global demand for minerals, metals, and energy resources continues to escalate driven by industrialization, urbanization, and technological advancement, mining operations are expanding both in scale and geographical reach. This expansion necessitates increasingly sophisticated and robust mining truck solutions that can deliver enhanced productivity, fuel efficiency, and operational reliability.

Market Dynamics

The global mining truck market is propelled by several key drivers that collectively fuel sustained growth and innovation within the industry. Increasing global demand for minerals and metals, driven by rapid industrialization in emerging economies and infrastructure development projects worldwide, serves as the primary growth catalyst, compelling mining companies to expand operations and invest in advanced hauling equipment. Technological advancements in mining truck design, including autonomous vehicle capabilities, enhanced fuel efficiency systems, and integrated telematics solutions, are driving market adoption as operators seek to maximize productivity while minimizing operational costs and safety risks.

However, the market faces significant restraints that challenge growth trajectories and profitability. High initial capital investments required for mining truck procurement create barriers for smaller mining operations and limit market penetration in cost-sensitive regions. Stringent environmental regulations regarding emissions and noise pollution are forcing manufacturers to invest heavily in cleaner technologies, potentially increasing vehicle costs and affecting adoption rates. Additionally, fluctuating commodity prices directly impact mining industry investments, creating cyclical demand patterns that affect truck sales and replacement cycles.

Key Features of the Study

This report provides in-depth analysis of the global mining truck market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2026–2033), considering 2025 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 approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global mining truck 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 Caterpillar Inc, Komatsu Ltd, Liebherr Group, Volvo Construction Equipment, Hitachi Construction Machinery Co. Ltd, Epiroc AB, Bell Equipment Limited, BEML Ltd, Ashok Leyland, Doosan Infracore, Terex Corporation, SANY Group, XCMG Group, CNH Industrial, and Tata Motors Ltd
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
The global mining truck 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 mining truck market

Market Segmentation

Mode of Operation Insights (Revenue, USD Bn, 2021 - 2033)
- Autonomous
- Manual
Truck Type Insights (Revenue, USD Bn, 2021 - 2033)
- Rigid Frame Haul Trucks
- Articulated Haul Trucks
- Off Highway Trucks
- Underground Mining Trucks
Propulsion Insights (Revenue, USD Bn, 2021 - 2033)
- Diesel
- Hybrid Electric
- Others
Payload Capacity Insights (Revenue, USD Bn, 2021 - 2033)
- Less than 100 tons
- 100 to 200 tons
- 200 to 300 tons
- Above 300 tons
Regional Insights (Revenue, USD Bn, 2021 - 2033)
- North America
  - U.S.
  - Canada
- Latin America
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
- Europe
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
- Middle East
  - GCC Countries
  - Israel
  - Rest of Middle East
- Africa
  - South Africa
  - North Africa
  - Central Africa
Key Players Insights
- Caterpillar Inc
- Komatsu Ltd
- Liebherr Group
- Volvo Construction Equipment
- Hitachi Construction Machinery Co. Ltd
- Epiroc AB
- Bell Equipment Limited
- BEML Ltd
- Ashok Leyland
- Doosan Infracore
- Terex Corporation
- SANY Group
- XCMG Group
- CNH Industrial
- Tata Motors Ltd

Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
Market Purview
- Report Description
  - Market Definition and Scope
- Executive Summary
  - Global Mining Truck Market, By Mode of Operation
  - Global Mining Truck Market, By Truck Type
  - Global Mining Truck Market, By Propulsion
  - Global Mining Truck Market, By Payload Capacity
  - Global Mining Truck Market, By Region
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Driver
- Restraint
- Opportunity
- Impact Analysis
- Key Developments
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- Industry Trends
Global Mining Truck Market, By Mode of Operation, 2021-2033, (USD Bn)
- Introduction
  - Market Share Analysis, 2026 and 2033 (%)
  - Y-o-Y Growth Analysis, 2022 - 2033
  - Segment Trends
- Autonomous
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- Manual
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
Global Mining Truck Market, By Truck Type, 2021-2033, (USD Bn)
- Introduction
  - Market Share Analysis, 2026 and 2033 (%)
  - Y-o-Y Growth Analysis, 2022 - 2033
  - Segment Trends
- Rigid Frame Haul Trucks
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- Articulated Haul Trucks
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- Off Highway Trucks
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- Underground Mining Trucks
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
Global Mining Truck Market, By Propulsion, 2021-2033, (USD Bn)
- Introduction
  - Market Share Analysis, 2026 and 2033 (%)
  - Y-o-Y Growth Analysis, 2022 - 2033
  - Segment Trends
- Diesel
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- Hybrid Electric
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- Others
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
Global Mining Truck Market, By Payload Capacity, 2021-2033, (USD Bn)
- Introduction
  - Market Share Analysis, 2026 and 2033 (%)
  - Y-o-Y Growth Analysis, 2022 - 2033
  - Segment Trends
- Less than 100 tons
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- 100 to 200 tons
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- 200 to 300 tons
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- Above 300 tons
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
Global Mining Truck Market, By Region, 2021 - 2033, Value (USD Bn)
- Introduction
  - Market Share (%) Analysis, 2026, 2029 & 2033, Value (USD Bn)
  - Market Y-o-Y Growth Analysis (%), 2022 - 2033, Value (USD Bn)
  - Regional Trends
- North America
  - Introduction
  - Market Size and Forecast, By Mode of Operation, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Truck Type, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Propulsion, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Payload Capacity, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Country, 2021 - 2033, Value (USD Bn)
    - U.S.
    - Canada
- Latin America
  - Introduction
  - Market Size and Forecast, By Mode of Operation, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Truck Type, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Propulsion, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Payload Capacity, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Country, 2021 - 2033, Value (USD Bn)
    - Brazil
    - Argentina
    - Mexico
    - Rest of Latin America
- Europe
  - Introduction
  - Market Size and Forecast, By Mode of Operation, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Truck Type, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Propulsion, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Payload Capacity, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Country, 2021 - 2033, Value (USD Bn)
    - Germany
    - U.K.
    - Spain
    - France
    - Italy
    - Russia
    - Rest of Europe
- Asia Pacific
  - Introduction
  - Market Size and Forecast, By Mode of Operation, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Truck Type, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Propulsion, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Payload Capacity, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Country, 2021 - 2033, Value (USD Bn)
    - China
    - India
    - Japan
    - Australia
    - South Korea
    - ASEAN
    - Rest of Asia Pacific
- Middle East
  - Introduction
  - Market Size and Forecast, By Mode of Operation, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Truck Type, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Propulsion, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Payload Capacity, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Country, 2021 - 2033, Value (USD Bn)
    - GCC Countries
    - Israel
    - Rest of Middle East
- Africa
  - Introduction
  - Market Size and Forecast, By Mode of Operation, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Truck Type, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Propulsion, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Payload Capacity, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Country, 2021 - 2033, Value (USD Bn)
    - South Africa
    - North Africa
    - Central Africa
Competitive Landscape
- Caterpillar Inc
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Komatsu Ltd
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Liebherr Group
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Volvo Construction Equipment
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Hitachi Construction Machinery Co. Ltd
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Epiroc AB
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Bell Equipment Limited
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- BEML Ltd
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Ashok Leyland
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Doosan Infracore
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Terex Corporation
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- SANY Group
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- XCMG Group
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- CNH Industrial
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Tata Motors Ltd
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
References and Research Methodology
- References
- Research Methodology
- About us

*Browse 32 market data tables and 28 figures on ‘Mining Truck Market' - Global forecast to 2033

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