Report Code: A13960 | Pages: NA | Mar 2023 | 1340 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Haul Truck Market
Request Now !Haul trucks are rigid off-highway, rigid trucks specifically engineered for use in high-production mining and heavy-duty construction environments. Haul trucks are also used for transporting construction equipment from one location to another. In fast-growing economies and developing markets, the construction industry is expected to grow significantly 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 transitioning between the growth and mature stages, and the haul truck production is directly related to the expansion in the construction sector. Moreover, a strong outlook of the construction and mining industry in the coming years will provide significant opportunities for haul truck manufacturers.
COVID-19 Impact Analysis
Top Impacting Factors
Increase in infrastructure investments globally, increased supply of goods and materials to various end-users, and rise in underground mining projects drive the growth of the market.
High capital investment hinders the growth of the market.
Rise in global economy, and rise in demand for lead & other minerals act as an opportunity for the market investments.
The Haul Truck Market Trends are as Follows:
Increasing Infrastructure Investments GloballyÂ
High Capital InvestmentÂ
Key Benefits of the Report:
Questions Answered in the Haul Truck Market Research Report:
Haul Truck Market Report Highlights
Aspects | Details |
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By Capacity |
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By Engine Type |
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By Application |
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By Region |
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Key Market Players | Caterpillar Inc., Komatsu Ltd., OJSC BELAZ, Dheere & Company, AB Volvo, Hitachi Construction Machinery Co Ltd., Terex Trucks, The Liebherr Group, KGHM Zanam SA,, DUX Machinery Corporation. |
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