Autonomous Mining Truck Market Size Estimated at US$ 3 Billion in 2023 | Market Analysis, Trends, Growth Opportunities, and Forecasts till 2030

Global Autonomous Mining Truck market is expected to reach US$ 12.8 billion by 2030, with an annual growth rate of more than 23.2%, Says RationalStat

Wilmington, Delaware, Sept. 26, 2023 (GLOBE NEWSWIRE) —

Competition Analysis and Market Structure

Prominent companies and leading brands adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global autonomous mining truck market include,

• In August 2023, EACON and LGMG signed a strategic collaboration agreement. Collaboration on an extra 300 units of 102 EL100 (EACON136) mining vehicles. This collaboration supports the intelligent development of the mining sector, based on LGMG’s superior production capabilities and EACON’s leading technology and solutions in the field of mining autonomous driving.
• In July 2023, EACON, China’s top provider of comprehensive autonomous mining technology and haulage services, hosted a ceremony to mark the start of the deployment of 100 hybrid autonomous mining trucks. EACON deploy these trucks to TBEA’s South pit, China’s largest capacity coal mine, creating the world’s largest fleet of autonomous mining trucks within a single mine.
• In May 2023, Komatsu Ltd and Toyota Motor Corporation of Japan announced the start of a collaboration to build an Autonomous Light Vehicle (ALV) that run on Komatsu’s Autonomous Haulage System (AHS).
• In January 2023, Roy Hill has stated that it expands its autonomous haulage system (AHS) commencing in March 2023, transforming its current fleet of 96 conventional haul trucks to driverless operation and establishing the world’s largest autonomous mine.

Some of the prominent players and suppliers operating and contributing significantly to the global autonomous mining truck market growth include Bosch Ltd, MAN SE, Scania, DENSO CORPORATION, Nvidia, AB VOLVO, CONTINENTAL AG, EMBARK, Tesla, and QUALCOMM, among others.

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RationalStat has segmented the global autonomous mining truck market based on type, propulsion, and region

• Global Autonomous Mining Truck Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
  • Underground LHD Loaders
  • Autonomous Hauling Trucks
  • Others
• Global Autonomous Mining Truck Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Propulsion
  • Electric and Hybrid
  • Diesel
• Global Autonomous Mining Truck Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
  • North America Autonomous Mining Truck Market
    • US
    • Canada
  • Latin America Autonomous Mining Truck Market
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe Autonomous Mining Truck Market
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe Autonomous Mining Truck Market
    • Russia
    • Poland
    • Hungary
    • Other CIS Countries
    • Rest of Eastern Europe
  • Asia Pacific Autonomous Mining Truck Market
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN
      • Indonesia
      • Thailand
      • Philippines
      • Vietnam
      • Malaysia
      • Rest of ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa Autonomous Mining Truck Market
    • GCC
      • Saudi Arabia (KSA)
      • United Arab Emirates (UAE)
      • Rest of the GCC
    • South Africa
    • Nigeria
    • Turkey
    • Rest of the Middle East & Africa

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Key Questions Answered in the Autonomous Mining Truck Report:

• What will be the market value of the global autonomous mining truck market by 2030?
• What is the market size of the global autonomous mining truck market?
• What are the market drivers of the global autonomous mining truck market?
• What are the key trends in the global autonomous mining truck market?
• Which is the leading region in the global autonomous mining truck market?
• What are the major companies operating in the global autonomous mining truck market?
• What are the market shares by key segments in the global autonomous mining truck market?  

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.

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