Load Haul and Dump Trucks Market - Size, Share, Trends, and Forecast to 2026, By Engine Type (Diesel Engine and Electric Engine), By Mining Type (Underground Mining and Surface Mining) and by Geography

  • Published On : Jun 2018 |
  • Pages : 150 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Load Haul and Dump Truck Market - Insights

A load haul and dump truck (also known as scoop tram) is a loading machine manufactured for application in the mining industry. Global load haul and dump truck market is projected to exhibit CAGR of 6.5% in the forecast period (2018 – 2025).  Increasing mining production is one of the major driving factors for growth of the load haul and dump trucks market. For instance, according to World Mining Congress, the world mining production was 16.9 billion metric tons in 2016 up from 15.8 billion metric tons in 2010.

Electric engine segment is projected to exhibit the highest CAGR in the forecast period

The electric engine segment is projected to exhibit the highest CAGR in the forecast period. This is due to various advantages such as low initial cost as compared to fossil fuel engines, extensive operation lifespan, low maintenance cost, and high efficiency. Furthermore, stringent regulations for reduction of gas emission have also accelerated growth of the electric engine segment in the market, as electric engines help to reduce carbon emission as these do not use fossil fuels, engine oil etc. Governments of various countries are focusing on stringent regulations to reduce carbon footprint. For instance, Corporate Average Fuel Economy (CAFE) Standards in the U.S. is propagating adoption of energy-efficient automotive by formulating regulations for reduction of petroleum consumption. It is also focused on reducing greenhouse emissions and promoting development of innovative technologies to increase reliance on renewable and conservation of energy sources. Moreover, The European Union has its own set of emission standards for all new vehicles. According to EU Regulation No 443/2009, an average CO2 emission for new passenger cars is 130 grams per kilometer and is expected to reach a target of 95 grams per kilometer by 2021. Hence, increasing stringency has led to high demand for electric engine vehicles, which is expected to accelerate growth of the segment in the global load haul and dump truck market.

Figure.  Global Load Haul and Dump Trucks Market by Region, 2017, US$ Million.

load haul and dump trucks market

Source: Coherent Market Insights (2018) 

Asia Pacific held the dominant position in load haul and dump market in 2017

On the basis of geography, the load haul and dump market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific load haul and dump market held the dominant position in the global market in 2017 and is projected to retain its dominance throughout the forecast period. Large scale production of minerals in Asia Pacific countries is one of the major driving factors for growth of the load haul and dump trucks market.  For instance, according to World Mining Congress, the Asia Pacific mining production was pegged at 9.8 billion metric tons in 2016 up from 8.9 billion metric tons in 2010. Hence, due to high mining production demand for load haul and dump trucks in Asia Pacific countries is increasing significantly. India and China are some of the major countries in the load haul and dump truck market in this region. China is one of the largest mining producing countries in the world. According to World Mining Congress, in 2016, China produced around 4,000 million metric tons mining production, which accounts for around 23.7% of the global mining production. Similarly, high production of minerals row material in India is a key driving factor for growth of the load haul dump truck market in the region. According to World Mining Congress, in 2016, India held the 5th position in the production of minerals row material, globally. 

Key Players - Global load haul and dump trucks Market

Major players operating in the global load haul dump truck market 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, Mining Technologies International Inc. Acquisition, mergers, and new product launches are some of the major strategies adopted by companies to sustain in the market. For instance, in January 2018, The Caterpillar Inc. announced shipping of an electric load haul dump (LHD) loader R1300G to a Canada mine. The LHD is an earth moving equipment class designed for underground mining operations. According to caterpillar Inc., the company plans to bring lithium based energy storage solutions in load haul and dump trucks.

A load haul and dump trucks (also known as scoop tram) is a loading machine manufactured for application in the mining industry. Asia Pacific held the dominant position in the market in 2017. Large scale production of minerals in this region have provided the dominant position in the global market.  For instance, according to World Mining Congress, the Asia Pacific mining production was pegged at 9.8 billion metric tons in 2016 up from 8.9 billion metric tons in 2010

Market Dynamics

Increasing mining production is one of the major driving factors for growth of global load haul and dump truck market. For instance, according to Coherent Market Insights’ analysis, it is estimated that by 2021, the world production of mineral row material will reach 19.3 million metric ton up from 16.9 million metric ton in 2016. In addition to this, increasing mining production in North America region have increased demand for load haul and dump trucks in this region. According to World Mining Congress, the North America held the second-largest position in mining production in 2016. The U.S. and Canada are major growth engines in the regional market. According to World Mining Congress, North America held a share of near 14.1% in the world mining production in 2016 with a production of 2.4 million metric tons. Hence this high production of mining has led to high demand for load haul and dump trucks in this region.

Key features of the study:

  • This report provides in-depth analysis of load haul and dump trucks market, market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global load haul and dump trucks market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, load haul and dump trucks market capital, key developments, strategies, and future plans
  • Companies covered as 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 decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global load haul and dump trucks market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, 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 Geography:
    • North America
      • By Engine Type
        • Diesel Engine
        • Electric Engine
      • By Mining Type
        • Underground Mining
        • Surface Mining
      • By Country:
        • S.
        • Canada
    • Europe
      • By Engine Type
        • Diesel Engine
        • Electric Engine
      • By Mining Type
        • Underground Mining
        • Surface Mining
      • By Country:
        • Germany
        • UK
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Engine Type
        • Diesel Engine
        • Electric Engine
      • By Mining Type
        • Underground Mining
        • Surface Mining
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Engine Type
        • Diesel Engine
        • Electric Engine
      • By Mining Type
        • Underground Mining
        • Surface Mining
      • By Country:
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East
      • By Engine Type
        • Diesel Engine
        • Electric Engine
      • By Mining Type
        • Underground Mining
        • Surface Mining
      • By Country:
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Engine Type
        • Diesel Engine
        • Electric Engine
      • By Mining Type
        • Underground Mining
        • Surface Mining
      • By Country:
        • Northern Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • Anchises Technologies Co. Ltd*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates
    • 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.

Table of Content

  1. Research Objectives and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Engine Type
      • Market Snippet By Mining Type
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trends
    • Value Chain Analysis
    • Merger and Acquisitions
    • New Product Approvals/Launch
    • Porter’s Analysis
    • PEST Analysis
  4. Global Load Haul and Dump Trucks Market, By Engine Type, 2015 – 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2025 (%)
      • Segment Trends
    • Diesel Engine
      • Introduction
      • Market Size and Forecast, 2017 - 2025, (US$ Million)
    • Electric Engine
      • Introduction
      • Market Size and Forecast, 2017 - 2025, (US$ Million)
  5. Global Load Haul and Dump Trucks Market, By Mining Type, 2015 – 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2025 (%)
      • Segment Trends
    • Underground Mining
      • Introduction
      • Market Size and Forecast, 2017 - 2025, (US$ Million)
    • Surface Mining
      • Introduction
      • Market Size and Forecast, 2017 - 2025, (US$ Million)
  6. Global Load Haul and Dump Trucks Market, By Geography, 2015 - 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2025 (%)
      • Regional Trends
    • North America
      • Introduction
      • Market Size and Forecast, By Engine Type, 2017 - 2025 (US$ Million)
      • Market Size and Forecast, By Mining Type, 2017 - 2025 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2025 (%)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, By Engine Type, 2017 - 2025 (US$ Million)
      • Market Size and Forecast, By Mining Type, 2017 - 2025 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2025 (%)
        • Germany
        • U.K.
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, By Engine Type, 2017 - 2025 (US$ Million)
      • Market Size and Forecast, By Mining Type, 2017 - 2025 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2025 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, By Engine Type, 2017 - 2025 (US$ Million)
      • Market Size and Forecast, By Mining Type, 2017 - 2025 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2025 (%)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, By Engine Type, 2017 - 2025 (US$ Million)
      • Market Size and Forecast, By Mining Type, 2017 - 2025 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2025 (%)
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, By Engine Type, 2017 - 2025 (US$ Million)
      • Market Size and Forecast, By Mining Type, 2017 - 2025 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2025 (%)
        • Northern Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Anchises Technologies Co. Ltd
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Atlas Copco
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Caterpillar Inc
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • DUX Machinery Corporation
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Eimco Elecon (India) Ltd.
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • GHH Fahrzeuge
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Hensley Industries, Inc.
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Joy Global Inc
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • KGHM ZANAM S.A
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Mining Technologies International Inc.
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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