Haul Trucks Market - Global Industry Trend Analysis 2013 to 2017 and Forecast 2018 - 2028


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Persistence Market Research

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In fast-growing economies and developing markets, the construction industry is expected to gain momentum in the coming years. Advancements in the construction and mining industries have led to the higher acceptance of off-road vehicles such as haul trucks, which are used for transporting loose materials (gravel, sand, etc.). Different types of haul trucks are available based on payload capacity. The highest payload capacity haul truck is generally known as ultra class trucks. Ultra class trucks can carry a payload capacity of above 300 tons.

The haul trucks market is currently in between the growth and mature stages, and the production of haul trucks is directly related to the expansion in the construction sector. Moreover, strong outlook of construction and mining industry in the coming years will create considerable opportunities for haul truck manufacturers.

Haul Trucks Market: Market Dynamics

Drivers:

The growth of end use industries such as the construction and mining industries, both, in developed and developing regions, is expected to be a major factor responsible for the growth of the global haul trucks market over the forecast period. Moreover, the increasing need for bigger off-road vehicles with high horsepower and greater capacity will also give traction to the growth of the haul trucks market in the near future. That apart, advancements in technology and the better fuel efficiency of haul trucks encourage construction firms to purchase new off-road vehicles, which will further add to the growth of the haul trucks market.

Restraints:

Haul trucks require high capital investment as well as incur high maintenance costs, which is anticipated to be a prime factor hampering the growth of the haul trucks market in the near future. Moreover, haul trucks need qualified drivers to manage the vehicles, which will further act as a restraining factor for the growth of the haul trucks market over the forecast period.

Trends:

A major trend projected five years down the line includes market leaders focusing on strategic expansion to expand their presence across the globe. This is anticipated to act as a catalyst to maintain leadership. Moreover, the manufacturer of haul trucks are focused on maintaining long term partnership with customers for maintenance and services.

Haul Trucks Market: Segmentation

The global haul trucks market can be segmented on the basis of type, capacity, and sales channel.

Based on type, the global haul trucks market is segmented into:

Articulated Haul Trucks Mechanical Haul Trucks Electric Haul Trucks

Based on capacity, the global haul trucks market is segmented into:

Less than 200 Tons 200 – 300 Tons Above 300 Tons

Based on sales channel, the global haul trucks market is segmented into:

OEMs (Original Equipment Manufacturers) Aftermarket

Haul Trucks Market: Regional Outlook

Over the forecast period, Asia Pacific is expected to be closely followed by North America. Both these markets are foreseen to witness massive growth in the haul trucks market, owing to the anticipated growth in the construction sector in emerging economies such as the China and India Western Europe is estimated to grow at a considerable CAGR during the forecast period, owing to increasing construction spending in the region. Germany is estimated to be the leading automobile and automotive market in Western Europe. Owing to the growing demand for haul trucks from the mining and construction industries in the region, North America is estimated to grow at a considerable CAGR during the forecast period. Latin America is anticipated to witness growth in the haul trucks market over the forecast period. The Middle East and Africa (MEA) is projected to grow at a significant rate over the forecast period, owing to growing construction activities in countries such as Saudi Arabia, UAE, etc.

Haul Trucks Market: Market Participants

Examples of some of the key participants identified across the value chain of the global haul trucks market include:

Komatsu Limited Liebherr Group Caterpillar

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, type, capacity, and sales channel.

The report covers exhaustive analysis on:

Regional analysis includes:

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • OJSC BELAZ
  • Hitachi Construction Machinery Co, Ltd
  • Deere & Company
  • XCMG Group
  • Volvo AB
  • Brown Inc.
  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved
  • Technology
  • Value Chain
  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint