
Global Mining Truck Supply, Demand and Key Producers, 2025-2031
Page: 120
Published Date: 31 Jul 2025
Category: Automobile & Transportation
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Description
Table of Contents
Table of Figures
Research Methodology
Companies Mentioned
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Description
The global Mining Truck market size is expected to reach $ 6953 million by 2031, rising at a market growth of 2.9% CAGR during the forecast period (2025-2031).
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.

The global Mining Truck market size is expected to reach $ 6953 million by 2031, rising at a market growth of 2.9% CAGR during the forecast period (2025-2031).
Unit: US$ M
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Mining truck is a specialized heavy-duty vehicle used to transport materials like ore, coal, and waste in mining operations. These trucks are designed for both open-pit and underground environments. Open-pit mining typically uses large rigid trucks for hauling heavy loads over long distances, while underground mining relies on smaller articulated trucks that can maneuver in tight tunnels. Mining trucks are built to endure harsh working conditions and are equipped with powerful engines, durable structures, and advanced control systems. Power sources include diesel, diesel-electric, and battery-electric systems, depending on the application and sustainability goals.
The global mining truck market is experiencing gradual transformation, driven by evolving industry needs, environmental regulations, and technological advancements. Traditional diesel-powered trucks still dominate the field, but there is growing adoption of hybrid and electric drive systems as mining companies strive to reduce carbon footprints and improve energy efficiency. Automation and digitalization are reshaping operational models, with autonomous haulage systems being tested or deployed in major mining regions. These systems aim to increase productivity while minimizing human error and operating costs. Furthermore, as deeper and more remote mines are developed, the demand for durable and adaptable trucks increases. Manufacturers are focusing on optimizing load capacity, fuel efficiency, and maintenance intervals, while also responding to regional needs and regulatory differences. Emerging markets in Asia, Latin America, and Africa are contributing to global demand, driven by the expansion of mining projects and infrastructure investments.
This report studies the global Mining Truck production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Mining Truck and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2024 as the base year. This report explores demand trends and competition, as well as details the characteristics of Mining Truck that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Mining Truck total production and demand, 2020-2031, (Units)
Global Mining Truck total production value, 2020-2031, (USD Million)
Global Mining Truck production by region & country, production, value, CAGR, 2020-2031, (USD Million) & (Units), (based on production site)
Global Mining Truck consumption by region & country, CAGR, 2020-2031 & (Units)
U.S. VS China: Mining Truck domestic production, consumption, key domestic manufacturers and share
Global Mining Truck production by manufacturer, production, price, value and market share 2020-2025, (USD Million) & (Units)
Global Mining Truck production by Type, production, value, CAGR, 2020-2031, (USD Million) & (Units)
Global Mining Truck production by Application, production, value, CAGR, 2020-2031, (USD Million) & (Units)
This report profiles key players in the global Mining Truck market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Caterpillar, Belaz, Liebherr, Komatsu, Hitachi Construction Machinery, Volvo, XCMG Machinery, Sinotruk, SANY, Inner Mongolia North Hauler Joint Stock Co.,Ltd., etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Mining Truck market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Units) and average price (US$/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2020-2031 by year with 2024 as the base year, 2025 as the estimate year, and 2026-2031 as the forecast year.
Global Mining Truck Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Mining Truck Market, Segmentation by Type:
Less than 100 MT
100-200 MT
Higher than 200 MT
Global Mining Truck Market, Segmentation by Application:
Open-Pit Mining
Underground Mining
Companies Profiled:
Caterpillar
Belaz
Liebherr
Komatsu
Hitachi Construction Machinery
Volvo
XCMG Machinery
Sinotruk
SANY
Inner Mongolia North Hauler Joint Stock Co.,Ltd.
Xiangtan Electric Manufacturing Group Co.,Ltd.
Epiroc
Liugong Machinery
Key Questions Answered:
1. How big is the global Mining Truck market?
2. What is the demand of the global Mining Truck market?
3. What is the year over year growth of the global Mining Truck market?
4. What is the production and production value of the global Mining Truck market?
5. Who are the key producers in the global Mining Truck market?
6. What are the growth factors driving the market demand?
Table of Contents
1 Supply Summary
1.1 Mining Truck Introduction
1.2 World Mining Truck Supply & Forecast
1.2.1 World Mining Truck Production Value (2020 & 2024 & 2031)
1.2.2 World Mining Truck Production (2020-2031)
1.2.3 World Mining Truck Pricing Trends (2020-2031)
1.3 World Mining Truck Production by Region (Based on Production Site)
1.3.1 World Mining Truck Production Value by Region (2020-2031)
1.3.2 World Mining Truck Production by Region (2020-2031)
1.3.3 World Mining Truck Average Price by Region (2020-2031)
1.3.4 North America Mining Truck Production (2020-2031)
1.3.5 Europe Mining Truck Production (2020-2031)
1.3.6 China Mining Truck Production (2020-2031)
1.3.7 Japan Mining Truck Production (2020-2031)
1.4 Market Drivers, Restraints and Trends
1.4.1 Mining Truck Market Drivers
1.4.2 Factors Affecting Demand
1.4.3 Mining Truck Major Market Trends
2 Demand Summary
2.1 World Mining Truck Demand (2020-2031)
2.2 World Mining Truck Consumption by Region
2.2.1 World Mining Truck Consumption by Region (2020-2025)
2.2.2 World Mining Truck Consumption Forecast by Region (2026-2031)
2.3 United States Mining Truck Consumption (2020-2031)
2.4 China Mining Truck Consumption (2020-2031)
2.5 Europe Mining Truck Consumption (2020-2031)
2.6 Japan Mining Truck Consumption (2020-2031)
2.7 South Korea Mining Truck Consumption (2020-2031)
2.8 ASEAN Mining Truck Consumption (2020-2031)
2.9 India Mining Truck Consumption (2020-2031)
3 World Manufacturers Competitive Analysis
3.1 World Mining Truck Production Value by Manufacturer (2020-2025)
3.2 World Mining Truck Production by Manufacturer (2020-2025)
3.3 World Mining Truck Average Price by Manufacturer (2020-2025)
3.4 Mining Truck Company Evaluation Quadrant
3.5 Industry Rank and Concentration Rate (CR)
3.5.1 Global Mining Truck Industry Rank of Major Manufacturers
3.5.2 Global Concentration Ratios (CR4) for Mining Truck in 2024
3.5.3 Global Concentration Ratios (CR8) for Mining Truck in 2024
3.6 Mining Truck Market: Overall Company Footprint Analysis
3.6.1 Mining Truck Market: Region Footprint
3.6.2 Mining Truck Market: Company Product Type Footprint
3.6.3 Mining Truck Market: Company Product Application Footprint
3.7 Competitive Environment
3.7.1 Historical Structure of the Industry
3.7.2 Barriers of Market Entry
3.7.3 Factors of Competition
3.8 New Entrant and Capacity Expansion Plans
3.9 Mergers, Acquisition, Agreements, and Collaborations
4 United States VS China VS Rest of the World
4.1 United States VS China: Mining Truck Production Value Comparison
4.1.1 United States VS China: Mining Truck Production Value Comparison (2020 & 2024 & 2031)
4.1.2 United States VS China: Mining Truck Production Value Market Share Comparison (2020 & 2024 & 2031)
4.2 United States VS China: Mining Truck Production Comparison
4.2.1 United States VS China: Mining Truck Production Comparison (2020 & 2024 & 2031)
4.2.2 United States VS China: Mining Truck Production Market Share Comparison (2020 & 2024 & 2031)
4.3 United States VS China: Mining Truck Consumption Comparison
4.3.1 United States VS China: Mining Truck Consumption Comparison (2020 & 2024 & 2031)
4.3.2 United States VS China: Mining Truck Consumption Market Share Comparison (2020 & 2024 & 2031)
4.4 United States Based Mining Truck Manufacturers and Market Share, 2020-2025
4.4.1 United States Based Mining Truck Manufacturers, Headquarters and Production Site (States, Country)
4.4.2 United States Based Manufacturers Mining Truck Production Value (2020-2025)
4.4.3 United States Based Manufacturers Mining Truck Production (2020-2025)
4.5 China Based Mining Truck Manufacturers and Market Share
4.5.1 China Based Mining Truck Manufacturers, Headquarters and Production Site (Province, Country)
4.5.2 China Based Manufacturers Mining Truck Production Value (2020-2025)
4.5.3 China Based Manufacturers Mining Truck Production (2020-2025)
4.6 Rest of World Based Mining Truck Manufacturers and Market Share, 2020-2025
4.6.1 Rest of World Based Mining Truck Manufacturers, Headquarters and Production Site (State, Country)
4.6.2 Rest of World Based Manufacturers Mining Truck Production Value (2020-2025)
4.6.3 Rest of World Based Manufacturers Mining Truck Production (2020-2025)
5 Market Analysis by Type
5.1 World Mining Truck Market Size Overview by Type: 2020 VS 2024 VS 2031
5.2 Segment Introduction by Type
5.2.1 Less than 100 MT
5.2.2 100-200 MT
5.2.3 Higher than 200 MT
5.3 Market Segment by Type
5.3.1 World Mining Truck Production by Type (2020-2031)
5.3.2 World Mining Truck Production Value by Type (2020-2031)
5.3.3 World Mining Truck Average Price by Type (2020-2031)
6 Market Analysis by Application
6.1 World Mining Truck Market Size Overview by Application: 2020 VS 2024 VS 2031
6.2 Segment Introduction by Application
6.2.1 Open-Pit Mining
6.2.2 Underground Mining
6.3 Market Segment by Application
6.3.1 World Mining Truck Production by Application (2020-2031)
6.3.2 World Mining Truck Production Value by Application (2020-2031)
6.3.3 World Mining Truck Average Price by Application (2020-2031)
7 Company Profiles
7.1 Caterpillar
7.1.1 Caterpillar Details
7.1.2 Caterpillar Major Business
7.1.3 Caterpillar Mining Truck Product and Services
7.1.4 Caterpillar Mining Truck Production, Price, Value, Gross Margin and Market Share (2020-2025)
7.1.5 Caterpillar Recent Developments/Updates
7.1.6 Caterpillar Competitive Strengths & Weaknesses
7.2 Belaz
7.2.1 Belaz Details
7.2.2 Belaz Major Business
7.2.3 Belaz Mining Truck Product and Services
7.2.4 Belaz Mining Truck Production, Price, Value, Gross Margin and Market Share (2020-2025)
7.2.5 Belaz Recent Developments/Updates
7.2.6 Belaz Competitive Strengths & Weaknesses
7.3 Liebherr
7.3.1 Liebherr Details
7.3.2 Liebherr Major Business
7.3.3 Liebherr Mining Truck Product and Services
7.3.4 Liebherr Mining Truck Production, Price, Value, Gross Margin and Market Share (2020-2025)
7.3.5 Liebherr Recent Developments/Updates
7.3.6 Liebherr Competitive Strengths & Weaknesses
7.4 Komatsu
7.4.1 Komatsu Details
7.4.2 Komatsu Major Business
7.4.3 Komatsu Mining Truck Product and Services
7.4.4 Komatsu Mining Truck Production, Price, Value, Gross Margin and Market Share (2020-2025)
7.4.5 Komatsu Recent Developments/Updates
7.4.6 Komatsu Competitive Strengths & Weaknesses
7.5 Hitachi Construction Machinery
7.5.1 Hitachi Construction Machinery Details
7.5.2 Hitachi Construction Machinery Major Business
7.5.3 Hitachi Construction Machinery Mining Truck Product and Services
7.5.4 Hitachi Construction Machinery Mining Truck Production, Price, Value, Gross Margin and Market Share (2020-2025)
7.5.5 Hitachi Construction Machinery Recent Developments/Updates
7.5.6 Hitachi Construction Machinery Competitive Strengths & Weaknesses
7.6 Volvo
7.6.1 Volvo Details
7.6.2 Volvo Major Business
7.6.3 Volvo Mining Truck Product and Services
7.6.4 Volvo Mining Truck Production, Price, Value, Gross Margin and Market Share (2020-2025)
7.6.5 Volvo Recent Developments/Updates
7.6.6 Volvo Competitive Strengths & Weaknesses
7.7 XCMG Machinery
7.7.1 XCMG Machinery Details
7.7.2 XCMG Machinery Major Business
7.7.3 XCMG Machinery Mining Truck Product and Services
7.7.4 XCMG Machinery Mining Truck Production, Price, Value, Gross Margin and Market Share (2020-2025)
7.7.5 XCMG Machinery Recent Developments/Updates
7.7.6 XCMG Machinery Competitive Strengths & Weaknesses
7.8 Sinotruk
7.8.1 Sinotruk Details
7.8.2 Sinotruk Major Business
7.8.3 Sinotruk Mining Truck Product and Services
7.8.4 Sinotruk Mining Truck Production, Price, Value, Gross Margin and Market Share (2020-2025)
7.8.5 Sinotruk Recent Developments/Updates
7.8.6 Sinotruk Competitive Strengths & Weaknesses
7.9 SANY
7.9.1 SANY Details
7.9.2 SANY Major Business
7.9.3 SANY Mining Truck Product and Services
7.9.4 SANY Mining Truck Production, Price, Value, Gross Margin and Market Share (2020-2025)
7.9.5 SANY Recent Developments/Updates
7.9.6 SANY Competitive Strengths & Weaknesses
7.10 Inner Mongolia North Hauler Joint Stock Co.,Ltd.
7.10.1 Inner Mongolia North Hauler Joint Stock Co.,Ltd. Details
7.10.2 Inner Mongolia North Hauler Joint Stock Co.,Ltd. Major Business
7.10.3 Inner Mongolia North Hauler Joint Stock Co.,Ltd. Mining Truck Product and Services
7.10.4 Inner Mongolia North Hauler Joint Stock Co.,Ltd. Mining Truck Production, Price, Value, Gross Margin and Market Share (2020-2025)
7.10.5 Inner Mongolia North Hauler Joint Stock Co.,Ltd. Recent Developments/Updates
7.10.6 Inner Mongolia North Hauler Joint Stock Co.,Ltd. Competitive Strengths & Weaknesses
7.11 Xiangtan Electric Manufacturing Group Co.,Ltd.
7.11.1 Xiangtan Electric Manufacturing Group Co.,Ltd. Details
7.11.2 Xiangtan Electric Manufacturing Group Co.,Ltd. Major Business
7.11.3 Xiangtan Electric Manufacturing Group Co.,Ltd. Mining Truck Product and Services
7.11.4 Xiangtan Electric Manufacturing Group Co.,Ltd. Mining Truck Production, Price, Value, Gross Margin and Market Share (2020-2025)
7.11.5 Xiangtan Electric Manufacturing Group Co.,Ltd. Recent Developments/Updates
7.11.6 Xiangtan Electric Manufacturing Group Co.,Ltd. Competitive Strengths & Weaknesses
7.12 Epiroc
7.12.1 Epiroc Details
7.12.2 Epiroc Major Business
7.12.3 Epiroc Mining Truck Product and Services
7.12.4 Epiroc Mining Truck Production, Price, Value, Gross Margin and Market Share (2020-2025)
7.12.5 Epiroc Recent Developments/Updates
7.12.6 Epiroc Competitive Strengths & Weaknesses
7.13 Liugong Machinery
7.13.1 Liugong Machinery Details
7.13.2 Liugong Machinery Major Business
7.13.3 Liugong Machinery Mining Truck Product and Services
7.13.4 Liugong Machinery Mining Truck Production, Price, Value, Gross Margin and Market Share (2020-2025)
7.13.5 Liugong Machinery Recent Developments/Updates
7.13.6 Liugong Machinery Competitive Strengths & Weaknesses
8 Industry Chain Analysis
8.1 Mining Truck Industry Chain
8.2 Mining Truck Upstream Analysis
8.2.1 Mining Truck Core Raw Materials
8.2.2 Main Manufacturers of Mining Truck Core Raw Materials
8.3 Midstream Analysis
8.4 Downstream Analysis
8.5 Mining Truck Production Mode
8.6 Mining Truck Procurement Model
8.7 Mining Truck Industry Sales Model and Sales Channels
8.7.1 Mining Truck Sales Model
8.7.2 Mining Truck Typical Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Methodology
10.2 Research Process and Data Source
10.3 Disclaimer
Table of Figures
List of Tables Table 1. World Mining Truck Production Value by Region (2020, 2024 and 2031) & (USD Million) Table 2. World Mining Truck Production Value by Region (2020-2025) & (USD Million) Table 3. World Mining Truck Production Value by Region (2026-2031) & (USD Million) Table 4. World Mining Truck Production Value Market Share by Region (2020-2025) Table 5. World Mining Truck Production Value Market Share by Region (2026-2031) Table 6. World Mining Truck Production by Region (2020-2025) & (Units) Table 7. World Mining Truck Production by Region (2026-2031) & (Units) Table 8. World Mining Truck Production Market Share by Region (2020-2025) Table 9. World Mining Truck Production Market Share by Region (2026-2031) Table 10. World Mining Truck Average Price by Region (2020-2025) & (US$/Unit) Table 11. World Mining Truck Average Price by Region (2026-2031) & (US$/Unit) Table 12. Mining Truck Major Market Trends Table 13. World Mining Truck Consumption Growth Rate Forecast by Region (2020 & 2024 & 2031) & (Units) Table 14. World Mining Truck Consumption by Region (2020-2025) & (Units) Table 15. World Mining Truck Consumption Forecast by Region (2026-2031) & (Units) Table 16. World Mining Truck Production Value by Manufacturer (2020-2025) & (USD Million) Table 17. Production Value Market Share of Key Mining Truck Producers in 2024 Table 18. World Mining Truck Production by Manufacturer (2020-2025) & (Units) Table 19. Production Market Share of Key Mining Truck Producers in 2024 Table 20. World Mining Truck Average Price by Manufacturer (2020-2025) & (US$/Unit) Table 21. Global Mining Truck Company Evaluation Quadrant Table 22. World Mining Truck Industry Rank of Major Manufacturers, Based on Production Value in 2024 Table 23. Head Office and Mining Truck Production Site of Key Manufacturer Table 24. Mining Truck Market: Company Product Type Footprint Table 25. Mining Truck Market: Company Product Application Footprint Table 26. Mining Truck Competitive Factors Table 27. Mining Truck New Entrant and Capacity Expansion Plans Table 28. Mining Truck Mergers & Acquisitions Activity Table 29. United States VS China Mining Truck Production Value Comparison, (2020 & 2024 & 2031) & (USD Million) Table 30. United States VS China Mining Truck Production Comparison, (2020 & 2024 & 2031) & (Units) Table 31. United States VS China Mining Truck Consumption Comparison, (2020 & 2024 & 2031) & (Units) Table 32. United States Based Mining Truck Manufacturers, Headquarters and Production Site (States, Country) Table 33. United States Based Manufacturers Mining Truck Production Value, (2020-2025) & (USD Million) Table 34. United States Based Manufacturers Mining Truck Production Value Market Share (2020-2025) Table 35. United States Based Manufacturers Mining Truck Production (2020-2025) & (Units) Table 36. United States Based Manufacturers Mining Truck Production Market Share (2020-2025) Table 37. China Based Mining Truck Manufacturers, Headquarters and Production Site (Province, Country) Table 38. China Based Manufacturers Mining Truck Production Value, (2020-2025) & (USD Million) Table 39. China Based Manufacturers Mining Truck Production Value Market Share (2020-2025) Table 40. China Based Manufacturers Mining Truck Production, (2020-2025) & (Units) Table 41. China Based Manufacturers Mining Truck Production Market Share (2020-2025) Table 42. Rest of World Based Mining Truck Manufacturers, Headquarters and Production Site (State, Country) Table 43. Rest of World Based Manufacturers Mining Truck Production Value, (2020-2025) & (USD Million) Table 44. Rest of World Based Manufacturers Mining Truck Production Value Market Share (2020-2025) Table 45. Rest of World Based Manufacturers Mining Truck Production, (2020-2025) & (Units) Table 46. Rest of World Based Manufacturers Mining Truck Production Market Share (2020-2025) Table 47. World Mining Truck Production Value by Type, (USD Million), 2020 & 2024 & 2031 Table 48. World Mining Truck Production by Type (2020-2025) & (Units) Table 49. World Mining Truck Production by Type (2026-2031) & (Units) Table 50. World Mining Truck Production Value by Type (2020-2025) & (USD Million) Table 51. World Mining Truck Production Value by Type (2026-2031) & (USD Million) Table 52. World Mining Truck Average Price by Type (2020-2025) & (US$/Unit) Table 53. World Mining Truck Average Price by Type (2026-2031) & (US$/Unit) Table 54. World Mining Truck Production Value by Application, (USD Million), 2020 & 2024 & 2031 Table 55. World Mining Truck Production by Application (2020-2025) & (Units) Table 56. World Mining Truck Production by Application (2026-2031) & (Units) Table 57. World Mining Truck Production Value by Application (2020-2025) & (USD Million) Table 58. World Mining Truck Production Value by Application (2026-2031) & (USD Million) Table 59. World Mining Truck Average Price by Application (2020-2025) & (US$/Unit) Table 60. World Mining Truck Average Price by Application (2026-2031) & (US$/Unit) Table 61. Caterpillar Basic Information, Manufacturing Base and Competitors Table 62. Caterpillar Major Business Table 63. Caterpillar Mining Truck Product and Services Table 64. Caterpillar Mining Truck Production (Units), Price (US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2020-2025) Table 65. Caterpillar Recent Developments/Updates Table 66. Caterpillar Competitive Strengths & Weaknesses Table 67. Belaz Basic Information, Manufacturing Base and Competitors Table 68. Belaz Major Business Table 69. Belaz Mining Truck Product and Services Table 70. Belaz Mining Truck Production (Units), Price (US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2020-2025) Table 71. Belaz Recent Developments/Updates Table 72. Belaz Competitive Strengths & Weaknesses Table 73. Liebherr Basic Information, Manufacturing Base and Competitors Table 74. Liebherr Major Business Table 75. Liebherr Mining Truck Product and Services Table 76. Liebherr Mining Truck Production (Units), Price (US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2020-2025) Table 77. Liebherr Recent Developments/Updates Table 78. Liebherr Competitive Strengths & Weaknesses Table 79. Komatsu Basic Information, Manufacturing Base and Competitors Table 80. Komatsu Major Business Table 81. Komatsu Mining Truck Product and Services Table 82. Komatsu Mining Truck Production (Units), Price (US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2020-2025) Table 83. Komatsu Recent Developments/Updates Table 84. Komatsu Competitive Strengths & Weaknesses Table 85. Hitachi Construction Machinery Basic Information, Manufacturing Base and Competitors Table 86. Hitachi Construction Machinery Major Business Table 87. Hitachi Construction Machinery Mining Truck Product and Services Table 88. Hitachi Construction Machinery Mining Truck Production (Units), Price (US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2020-2025) Table 89. Hitachi Construction Machinery Recent Developments/Updates Table 90. Hitachi Construction Machinery Competitive Strengths & Weaknesses Table 91. Volvo Basic Information, Manufacturing Base and Competitors Table 92. Volvo Major Business Table 93. Volvo Mining Truck Product and Services Table 94. Volvo Mining Truck Production (Units), Price (US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2020-2025) Table 95. Volvo Recent Developments/Updates Table 96. Volvo Competitive Strengths & Weaknesses Table 97. XCMG Machinery Basic Information, Manufacturing Base and Competitors Table 98. XCMG Machinery Major Business Table 99. XCMG Machinery Mining Truck Product and Services Table 100. XCMG Machinery Mining Truck Production (Units), Price (US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2020-2025) Table 101. XCMG Machinery Recent Developments/Updates Table 102. XCMG Machinery Competitive Strengths & Weaknesses Table 103. Sinotruk Basic Information, Manufacturing Base and Competitors Table 104. Sinotruk Major Business Table 105. Sinotruk Mining Truck Product and Services Table 106. Sinotruk Mining Truck Production (Units), Price (US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2020-2025) Table 107. Sinotruk Recent Developments/Updates Table 108. Sinotruk Competitive Strengths & Weaknesses Table 109. SANY Basic Information, Manufacturing Base and Competitors Table 110. SANY Major Business Table 111. SANY Mining Truck Product and Services Table 112. SANY Mining Truck Production (Units), Price (US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2020-2025) Table 113. SANY Recent Developments/Updates Table 114. SANY Competitive Strengths & Weaknesses Table 115. Inner Mongolia North Hauler Joint Stock Co.,Ltd. Basic Information, Manufacturing Base and Competitors Table 116. Inner Mongolia North Hauler Joint Stock Co.,Ltd. Major Business Table 117. Inner Mongolia North Hauler Joint Stock Co.,Ltd. Mining Truck Product and Services Table 118. Inner Mongolia North Hauler Joint Stock Co.,Ltd. Mining Truck Production (Units), Price (US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2020-2025) Table 119. Inner Mongolia North Hauler Joint Stock Co.,Ltd. Recent Developments/Updates Table 120. Inner Mongolia North Hauler Joint Stock Co.,Ltd. Competitive Strengths & Weaknesses Table 121. Xiangtan Electric Manufacturing Group Co.,Ltd. Basic Information, Manufacturing Base and Competitors Table 122. Xiangtan Electric Manufacturing Group Co.,Ltd. Major Business Table 123. Xiangtan Electric Manufacturing Group Co.,Ltd. Mining Truck Product and Services Table 124. Xiangtan Electric Manufacturing Group Co.,Ltd. Mining Truck Production (Units), Price (US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2020-2025) Table 125. Xiangtan Electric Manufacturing Group Co.,Ltd. Recent Developments/Updates Table 126. Xiangtan Electric Manufacturing Group Co.,Ltd. Competitive Strengths & Weaknesses Table 127. Epiroc Basic Information, Manufacturing Base and Competitors Table 128. Epiroc Major Business Table 129. Epiroc Mining Truck Product and Services Table 130. Epiroc Mining Truck Production (Units), Price (US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2020-2025) Table 131. Epiroc Recent Developments/Updates Table 132. Epiroc Competitive Strengths & Weaknesses Table 133. Liugong Machinery Basic Information, Manufacturing Base and Competitors Table 134. Liugong Machinery Major Business Table 135. Liugong Machinery Mining Truck Product and Services Table 136. Liugong Machinery Mining Truck Production (Units), Price (US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2020-2025) Table 137. Liugong Machinery Recent Developments/Updates Table 138. Liugong Machinery Competitive Strengths & Weaknesses Table 139. Global Key Players of Mining Truck Upstream (Raw Materials) Table 140. Global Mining Truck Typical Customers Table 141. Mining Truck Typical Distributors List of Figures Figure 1. Mining Truck Picture Figure 2. World Mining Truck Production Value: 2020 & 2024 & 2031, (USD Million) Figure 3. World Mining Truck Production Value and Forecast (2020-2031) & (USD Million) Figure 4. World Mining Truck Production (2020-2031) & (Units) Figure 5. World Mining Truck Average Price (2020-2031) & (US$/Unit) Figure 6. World Mining Truck Production Value Market Share by Region (2020-2031) Figure 7. World Mining Truck Production Market Share by Region (2020-2031) Figure 8. North America Mining Truck Production (2020-2031) & (Units) Figure 9. Europe Mining Truck Production (2020-2031) & (Units) Figure 10. China Mining Truck Production (2020-2031) & (Units) Figure 11. Japan Mining Truck Production (2020-2031) & (Units) Figure 12. Mining Truck Market Drivers Figure 13. Factors Affecting Demand Figure 14. World Mining Truck Consumption (2020-2031) & (Units) Figure 15. World Mining Truck Consumption Market Share by Region (2020-2031) Figure 16. United States Mining Truck Consumption (2020-2031) & (Units) Figure 17. China Mining Truck Consumption (2020-2031) & (Units) Figure 18. Europe Mining Truck Consumption (2020-2031) & (Units) Figure 19. Japan Mining Truck Consumption (2020-2031) & (Units) Figure 20. South Korea Mining Truck Consumption (2020-2031) & (Units) Figure 21. ASEAN Mining Truck Consumption (2020-2031) & (Units) Figure 22. India Mining Truck Consumption (2020-2031) & (Units) Figure 23. Producer Shipments of Mining Truck by Manufacturer Revenue ($MM) and Market Share (%): 2024 Figure 24. Global Four-firm Concentration Ratios (CR4) for Mining Truck Markets in 2024 Figure 25. Global Four-firm Concentration Ratios (CR8) for Mining Truck Markets in 2024 Figure 26. United States VS China: Mining Truck Production Value Market Share Comparison (2020 & 2024 & 2031) Figure 27. United States VS China: Mining Truck Production Market Share Comparison (2020 & 2024 & 2031) Figure 28. United States VS China: Mining Truck Consumption Market Share Comparison (2020 & 2024 & 2031) Figure 29. United States Based Manufacturers Mining Truck Production Market Share 2024 Figure 30. China Based Manufacturers Mining Truck Production Market Share 2024 Figure 31. Rest of World Based Manufacturers Mining Truck Production Market Share 2024 Figure 32. World Mining Truck Production Value by Type, (USD Million), 2020 & 2024 & 2031 Figure 33. World Mining Truck Production Value Market Share by Type in 2024 Figure 34. Less than 100 MT Figure 35. 100-200 MT Figure 36. Higher than 200 MT Figure 37. World Mining Truck Production Market Share by Type (2020-2031) Figure 38. World Mining Truck Production Value Market Share by Type (2020-2031) Figure 39. World Mining Truck Average Price by Type (2020-2031) & (US$/Unit) Figure 40. World Mining Truck Production Value by Application, (USD Million), 2020 & 2024 & 2031 Figure 41. World Mining Truck Production Value Market Share by Application in 2024 Figure 42. Open-Pit Mining Figure 43. Underground Mining Figure 44. World Mining Truck Production Market Share by Application (2020-2031) Figure 45. World Mining Truck Production Value Market Share by Application (2020-2031) Figure 46. World Mining Truck Average Price by Application (2020-2031) & (US$/Unit) Figure 47. Mining Truck Industry Chain Figure 48. Mining Truck Procurement Model Figure 49. Mining Truck Sales Model Figure 50. Mining Truck Sales Channels, Direct Sales, and Distribution Figure 51. Methodology Figure 52. Research Process and Data Source
Research Methodology
Client Requirements
Review and analyze client requirements
Discussion of all the project requirements and queries
Flexibility Check
Project Feasibility Analysis
Finalizing tentative research programme
Structuring project proposal with scope, timeline, and costs
Analyzing Market Dynamics
Determination of key drivers, restraints, challenge, and opportunity
Identifies market needs and trends
Market Size Estimation & Forecast
Estimation of historical data based on secondary and primary data
Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)
Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies
Consideration of geography, region-specific product/service demand for region segments
Consideration of product utilization rates, product demand outlook for segments by application or end-user.

Data Source
Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports, paid database, press releases, blogs, newsletters,and GIR repositories.
Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts to verify insights.
Validation and
triangulation of
secondary and primary source.
Collection of data
Cumulating and collating the essential qualitative and quantitative data
Generation of report in client requested format by research analysts
Reviews by expert analysts
Final quality check
Clarifying queries
Receiving feedback
Ensuring satisfaction

01 Identification of data
This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.

02 Evaluation of Market Dynamic
This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.

03 Collection of Data
This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.

04 Collaboration of Data
This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.

05 Verification and Analysis
This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.
Companies Mentioned
Caterpillar Belaz Liebherr Komatsu Hitachi Construction Machinery Volvo XCMG Machinery Sinotruk SANY Inner Mongolia North Hauler Joint Stock Co.,Ltd. Xiangtan Electric Manufacturing Group Co.,Ltd. Epiroc Liugong Machinery
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