Haul Trucks Market is Expected to grow at a CAGR of 7% During Forecast 2022-2028. In fast-growing economies and developing markets, the construction industry is expected to gain momentum in the coming years. Due to the development of the construction and mining industry, off-road vehicles such as haulage trucks, used to transport loose materials (gravel, sand, etc.) have become more accommodated. Different types of hauling trucks are available based on payload capacity. The highest payload capacity haul truck is commonly known as Ultra class truck. Ultra-class trucks can carry a payload of more than 300 tons.
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The haulage truck market is currently between the growth and maturity stage, and the production of haulage trucks is directly related to the expansion of the construction sector. In addition, the strong prospects of the construction and mining industry in the coming years will create significant opportunities for manufacturers of haulage trucks.
Scope of the Report
The research study analyzes the global Haul Trucks industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Market Segmentation:
Based on Type
- Articulated Haul Trucks
- Mechanical Haul Trucks
- Electric Haul Trucks
Based on Capacity
- Less than 200 Tons
- 200 – 300 Tons
- Above 300 Tons
Based on Sales Channel
- OEMs (Original Equipment Manufacturers)
- Aftermarket
Mentioned below are the prime players taken into account in this research report:
- Komatsu Limited
- Liebherr Group
- Caterpillar
- OJSC BELAZ
- Hitachi Construction Machinery Co, Ltd
- Deere & Company
- XCMG Group
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Haul Trucks Market Report
1. What was the Haul Trucks Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Haul Trucks Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Haul Trucks Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
