Autonomous Mining Truck Market Report 2023 (Global Edition)

Companies:	Scania , Caterpillar Inc. , Autonomous Solutions Inc. , Hitachi Ltd , Komatsu Ltd. , AB Volvo , Daimler AG , Aptiv , Bosch Ltd. , CONTINENTAL AG , DENSO CORPORATION , EMBARK , MAN SE , Nvidia , PACCAR Inc. , QUALCOMM , Tesla , TUSIMPLE , WAYMO
Type:	Underground LHD Loaders , Autonomous Hauling Trucks , Others
Market Type:	OEM , Aftermarket
Size:	Small , Medium , Large
Propulsion:	Electric and Hybrid , Diesel
Autonomy:	Level 1 and 2 , Level 3 , Level 4 and 5
The base year for the calculation is 2023 and 2018 to 2022 will be historical period. The year 2023 will be estimated one while the forecasted data will be from year 2023 to 2028. When we deliver the report that time we updated report data till the purchase date. Last Updated: 2023-05-04T14:37:28 SKU: CMR794404 Number of Pages: 250+ PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access. Report Format: PDF \| PPT \| Excel \| Word \| Bi Rating: 4.9 Review: 6

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Key Insights from Autonomous Mining Truck Market Report

As per the report's author, The Global autonomous mining truck market size was $6.8 Billion in 2022 and it will reach $10.3 Billion by 2030. Whereas Underground LHD loaders types of Autonomous Mining Trucks hold 41.2% of the market share in 2022. Its Compound Annual Growth Rate 24.2% from 2023 to 2030.

Preview of Global Autonomous Mining Truck Market Revenue

Autonomous Mining Truck Industry Statistics

Global Autonomous Mining Truck Market Sales Revenue 2030	$ 10.3 Billion
Global Autonomous Mining Truck Market Compound Annual Growth Rate (CAGR) for 2023 to 2030	24.2%

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Autonomous Mining Truck Market Report Description

What are Autonomous mining trucks and Their Current Status?

Autonomous mining trucks are heavy equipment used by the mining industry to transport ore and other materials. These trucks are regularly large, weighing hundreds of metric tons. They are usually powered by diesel engines, while electric models are becoming more common. These trucks can be operated remotely or autonomously using a GPS navigation system. An autonomous mining trucks are robotic vehicle designed to perform all the major functions of a traditional truck without a human operator. These trucks incorporate sensors and software to navigate, control, drive and operate the truck. These trucks operate using LiDAR and RADAR along with several other sensors. These systems create and maintain internal maps of their surroundings based on various sensors. Artificial intelligence (AI) software controls all functions related to the working of the sensors, and the radar sensors are used to detect obstacles. These advanced technologies help control these trucks. The growing demand for coal and other minerals, rapid urbanization and industrialization in emerging economies, and advancement in technology are factors drives the growth of the market.

What is Driving the Autonomous mining trucks Industry's Exponential Growth?

The increasing need for smart mining and the rising demand for technologically advanced mining equipment is one of the factors driving the growth of the global market. Market Economy is also responsible for market growth in developing economy countries such as China, India, Brazil, and South Africa. Moreover, the significant growth in the construction and mining industries in these countries is expected to provide lucrative opportunities for the growth of the mining equipment industry. This in turn is expected to drive the market. Rising spending on autonomous vehicle research and development in developing countries is expected to boost the autonomous mining truck industry. The increasing integration of technologies such as IoT and artificial intelligence with various mining automation equipment and software and the growing digital transformation of mining around the world. Growing demand for metals, minerals, coal, and ores, etc. from various processing and discrete industries is another major factor contributing to the growth of the autonomous mining trucks market.

In addition, government initiatives to promote the use of autonomous trucks in mining are contributing to the growth of the market. Nonetheless, growing awareness about the advantages of autonomous mining trucks is expected to create lucrative opportunities for the players in the global market. The need for automation of mining equipment and the growth of interconnected infrastructure will bring new opportunities in the future.

What are the Restraints of the Autonomous mining trucks Market?

However, the surging application of environmental laws in the mining industry and software glitches and sensor-related issues in autonomous mining trucks have hit market growth. Additionally, the high initial costs associated with deploying these trucks have prevented their adoption in many areas of the across globe. In addition, concerns over the safety and reliability of autonomous mining trucks are restraining the growth of the global market to some extent.

What are the COVID-19 impacts on the Autonomous mining trucks Market?

The Covid 19 pandemic is affecting all industries globally. Industries such as agriculture,aerospace, defence, food, and health are all facing challenges from the pandemic. The government is imposing restrictions on several industries. Lockdown measures have made it more difficult for markets to function. All these factors are affecting the industry. However, autonomous mining fits into this market condition. The mining industry is vulnerable to the impact of the coronavirus. The workforce affected by the virus is enormous. Because of this labour loss and revenue loss is huge for the market. However, using automated techniques, these losses are manageable.

The industry is using equipment and software, not human labour. This automation of the industry is bringing about favourable changes. The exposure to automation in the mining industry is high. In the next few years, many developments are expected in the market. The pandemic is a milestone for the mining automation industry.

Autonomous Mining Truck Market Report 2023 (Global Edition) Table of Content differs according to the user License selection. Current Displayed TOC is for the Single User License Report Edition. TOC Customization options: Add or Remove section/s Or chapter/s from the report. Specific section/s of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).

Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)

This chapter helps you to understand the importance of report and how we designed the report scope of Autonomous Mining Truck market. As per your requirement we can also design the market scope as a customised report.

Chapter 1 Industrial Insight and Market Scope

1.1 Global Autonomous Mining Truck Industry Introduction
1.2 Objectives of the Study
1.3 USP of the Report
1.4 Who is this report for?
1.5 Designing of Market Scope
- 1.5.1 Autonomous Mining Truck Market Segmentation
- 1.5.1 Autonomous Mining Truck Market Regional Fragmentation
- 1.5.1 Autonomous Mining Truck Market Players
1.6 Report Duration
1.7 List of Stakeholders

This chapter provides insights on our data collection and data validation process. It covers detailed information on wide range of sources referred during the study.

Chapter 2 Research Methodology Review Complete Research Methodology

2.1 Autonomous Mining Truck Market Report 2023 Research Methodology
2.2 Systematic Research Approach
- 2.2.1 Primary Research
  - 2.2.1.1 Key Data from Primary
  - 2.2.1.2 Primary Interviews with Experts
  - 2.2.1.3 Key Industry Insights
  - 2.2.1.4 Questionnaire
    
    At Cognitive Market Research, we have designed questionnaire focused on Autonomous Mining Truck Market for the statistical study. This questionnaire is the key part of our research methodology which is shared with number of Autonomous Mining Truck industry experts of entire value chain, located across the globe. This study help us to gather accurate quantitative and qualitative data for the final report.
  - 2.2.1.5 Breakdown of Primaries
- 2.2.2 Secondary Research
  - 2.2.2.1 Key Data from Secondary
  - 2.2.2.2 Paid Sources
  - 2.2.2.3 Public Sources
2.3 Market Size Estimation
- 2.3.1 Top-Down Approach
  - 2.3.1.1 Analyzing Market Size by Top-Down Approach (Supply Side)
- 2.3.1 Bottom-UP Approach
  - 2.3.1.1 Analyzing Market Size by Bottom-Up Approach (Demand Side)
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions

The executive summary is an overview of a Autonomous Mining Truck Market Report. In this chapter we have summarized the overall report data in snapshot format.

Chapter 3 Executive Summary of Autonomous Mining Truck Market

3.1 Global Autonomous Mining Truck Market Size 2018 – 2030, (USD Million)
3.2 Global Autonomous Mining Truck Value, Absolute & Opportunity Analysis
3.3 Global Autonomous Mining Truck Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
3.4 Global Autonomous Mining Truck Market Statistics 2022: Snapshot

This chapters incorporated product description overview and regional sales statistics for the year 2018-2030.

Chapter 4 Global Autonomous Mining Truck Market Overview

4.1 Autonomous Mining Truck Introduction
4.2 Global Autonomous Mining Truck Market Statistics by Regions (2018-2030)
- 4.2.1 North America Autonomous Mining Truck Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.2 Europe Autonomous Mining Truck Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.3 Asia Pacific Autonomous Mining Truck Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.4 Latin America Autonomous Mining Truck Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.5 Middle East and Africa Autonomous Mining Truck Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
4.3 Global Autonomous Mining Truck Market Size (2018-2030)
- 4.3.1 Global Autonomous Mining Truck Revenue Status and Outlook (2018-2030)
4.4 Global Autonomous Mining Truck Market Price Analysis by Regions (2018-2030)

This chapter covers a competitive analysis of the global Autonomous Mining Truck market, and it includes quantitative information such as revenue and market share of the manufacturers. The chapter also includes information regarding the strategies adopted by the manufacturers such as mergers, acquisitions, and new product launches.

Chapter 5 Competitive Analysis (Subject to Availability)

5.1 Global Autonomous Mining Truck Market Revenue and Share by Manufacturers (2018-2022)
5.2 Global Autonomous Mining Truck Industry Mergers and Acquisition Analysis
5.3 Global Autonomous Mining Truck New Launches Analysis
5.4 Company Categorization
5.5 Global Autonomous Mining Truck Top Winning Strategies, by Manufacturers (2018-2022)

ESG analysis is the consideration of all factors in investment including environmental, social, and governance (ESG) factors. ESG integration is key part of the investment process. ESG analysis helps to measure company’s goals and progress when it comes to climate change, social improvement and good governance.

Chapter 6 Environmental, Social, and Governance (ESG) Analysis

6.1 Overall Company’s Disclosure Score

This chapter helps you understand the Market Drivers, Market Restrain, Market Opportunity and Trends by each segment.

Chapter 7 Qualitative Analysis

7.1 Autonomous Mining Truck Industrial Dynamics
- 7.1.1 Global Autonomous Mining Truck Market Drivers
- 7.1.2 Global Autonomous Mining Truck Market Restrains
- 7.1.3 Global Autonomous Mining Truck Market Opportunities
- 7.1.4 Global Autonomous Mining Truck Market Trends
7.2 Autonomous Mining Truck Market Attractiveness Analysis
- 7.1.1 Market Attractiveness Analysis by Type Segment
- 7.1.2 Market Attractiveness Analysis by Application Segment
7.3 PESTEL Analysis for Autonomous Mining Truck Market
- 7.3.1 Political Factors
- 7.3.2 Economic Factors
- 7.3.3 Social Factors
- 7.3.4 Technological Factors
- 7.3.5 Legal Factors
- 7.3.6 Environmental Factors
7.4 Porter’s Five Forces Analysis for Autonomous Mining Truck Market
- 7.4.1 Bargaining Power of Suppliers
- 7.4.2 Bargaining Power of Buyers
- 7.4.3 Threat of Substitutes
- 7.4.4 Threat of New Entrants
- 7.4.5 Degree of Competition
7.5 COVID-19 Impact on Autonomous Mining Truck Industry
- 7.4.1 Overall Impact of COVID-19 on Autonomous Mining Truck Industry
- 7.4.2 Post COVID-19 Impact and Recovery Analysis
- 7.4.3 Influencing Factors
7.6 Consumer Preference Analysis for Autonomous Mining Truck Market
7.7 Patent Analysis of Autonomous Mining Truck
7.8 Autonomous Mining Truck Industrial Chain Analysis
7.9 Manufacturing Cost Analysis

This segment of the report provides in-depth and pertinent information on every foremost player in the market through both primary and secondary research. The Company Basic Information, and Sales Area chapter includes ten or more key players, which are dominating the market. Each company profile includes demystifying professional information in a tabular format, which comprises the company’s official website, established year, market position, geographical presence, competitors, and contact information. Further, company profiling includes an in-detailed business overview, COVID-19 impact on the particular firm, product type specifications, revenue & market share, and recent developments done by the company for its inorganic development, such as mergers, strategic acquisitions, partnerships, and others. Besides, profiling includes the company’s investment in research and development activities. The recent innovative product launches, business expansion, investments done by the company in different markets, and other news are also available in the company profiling section. At last, it provides the company’s business strategy and SWOT analysis.

Chapter 8 Company Profiling (Subject to Availability)

This chapter covers in-detailed insights regarding type segments to understand consumer interests and provide a revenue stream for each type. Type segment analysis help in making a better business decision to maximize profitability by focusing resources on those market type that are relatively favorable to their goals.

Chapter 9 Global Autonomous Mining Truck Market by Type Segmentation Analysis (2018-2030)

9.1 Detailed Qualitative Analysis
9.2 Global Autonomous Mining Truck Revenue and Share (%) by Type (2018-2030)
- 9.2.1 Underground LHD Loaders Market Size
  - 9.2.1.1 Global Underground LHD Loaders Market Share and Revenue (USD Million) for 2018-2030
  - 9.2.1.2 Autonomous Mining Truck Market for Underground LHD Loaders , by Country (2021 Vs 2024)
- 9.2.2 Autonomous Hauling Trucks Market Size
  - 9.2.2.1 Global Autonomous Hauling Trucks Market Share and Revenue (USD Million) for 2018-2030
  - 9.2.2.2 Autonomous Mining Truck Market for Autonomous Hauling Trucks , by Country (2021 Vs 2024)
- 9.2.3 Others Market Size
  - 9.2.3.1 Global Others Market Share and Revenue (USD Million) for 2018-2030
  - 9.2.3.2 Autonomous Mining Truck Market for Others, by Country (2021 Vs 2024)

Chapter 10 Global Autonomous Mining Truck Market by Market Type Segmentation Analysis (2018-2030)

10.1 Detailed Qualitative Analysis
10.2 Global Autonomous Mining Truck Revenue and Share (%) by Market Type (2018-2030)
- 10.2.1 OEM Market Size
  - 10.2.1.1 Global OEM Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.1.2 Autonomous Mining Truck Market for OEM , by Country (2021 Vs 2024)
- 10.2.2 Aftermarket Market Size
  - 10.2.2.1 Global Aftermarket Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.2.2 Autonomous Mining Truck Market for Aftermarket, by Country (2021 Vs 2024)

Chapter 11 Global Autonomous Mining Truck Market by Size Segmentation Analysis (2018-2030)

11.1 Detailed Qualitative Analysis
11.2 Global Autonomous Mining Truck Revenue and Share (%) by Size (2018-2030)
- 11.2.1 Small Market Size
  - 11.2.1.1 Global Small Market Share and Revenue (USD Million) for 2018-2030
  - 11.2.1.2 Autonomous Mining Truck Market for Small , by Country (2021 Vs 2024)
- 11.2.2 Medium Market Size
  - 11.2.2.1 Global Medium Market Share and Revenue (USD Million) for 2018-2030
  - 11.2.2.2 Autonomous Mining Truck Market for Medium , by Country (2021 Vs 2024)
- 11.2.3 Large Market Size
  - 11.2.3.1 Global Large Market Share and Revenue (USD Million) for 2018-2030
  - 11.2.3.2 Autonomous Mining Truck Market for Large, by Country (2021 Vs 2024)

Chapter 12 Global Autonomous Mining Truck Market by Propulsion Segmentation Analysis (2018-2030)

12.1 Detailed Qualitative Analysis
12.2 Global Autonomous Mining Truck Revenue and Share (%) by Propulsion (2018-2030)
- 12.2.1 Electric and Hybrid Market Size
  - 12.2.1.1 Global Electric and Hybrid Market Share and Revenue (USD Million) for 2018-2030
  - 12.2.1.2 Autonomous Mining Truck Market for Electric and Hybrid , by Country (2021 Vs 2024)
- 12.2.2 Diesel Market Size
  - 12.2.2.1 Global Diesel Market Share and Revenue (USD Million) for 2018-2030
  - 12.2.2.2 Autonomous Mining Truck Market for Diesel, by Country (2021 Vs 2024)

Chapter 13 Global Autonomous Mining Truck Market by Autonomy Segmentation Analysis (2018-2030)

13.1 Detailed Qualitative Analysis
13.2 Global Autonomous Mining Truck Revenue and Share (%) by Autonomy (2018-2030)
- 13.2.1 Level 1 and 2 Market Size
  - 13.2.1.1 Global Level 1 and 2 Market Share and Revenue (USD Million) for 2018-2030
  - 13.2.1.2 Autonomous Mining Truck Market for Level 1 and 2 , by Country (2021 Vs 2024)
- 13.2.2 Level 3 Market Size
  - 13.2.2.1 Global Level 3 Market Share and Revenue (USD Million) for 2018-2030
  - 13.2.2.2 Autonomous Mining Truck Market for Level 3 , by Country (2021 Vs 2024)
- 13.2.3 Level 4 and 5 Market Size
  - 13.2.3.1 Global Level 4 and 5 Market Share and Revenue (USD Million) for 2018-2030
  - 13.2.3.2 Autonomous Mining Truck Market for Level 4 and 5, by Country (2021 Vs 2024)

This chapter categorizes detailed perceptions into an application segment based on end users’ needs, and preferences to understand their requirements and purchasing patterns effectively. It analyzes the current trends of the market that mainly consists of information related to new product use, trends in consumer demand, and available close substitutes of the product.

Chapter 14 Global Autonomous Mining Truck Market Regional Analysis

14.1 Detailed Qualitative Analysis
14.2 Global Autonomous Mining Truck Market Revenue by Region (2018-2030)
14.2 Global Autonomous Mining Truck Market Share (%) by Region (2018-2030)

Chapter 15 North America Autonomous Mining Truck Market Outlook (2018 - 2030)

Chapter 16 Europe Autonomous Mining Truck Market Outlook (2018 - 2030)

Chapter 17 Asia Pacific Autonomous Mining Truck Market Outlook (2018 - 2030)

Chapter 18 Latin America Autonomous Mining Truck Market Outlook (2018 - 2030)

Chapter 19 Middle East and Africa Autonomous Mining Truck Market Outlook (2018 - 2030)

This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Autonomous Mining Truck market

Chapter 20 Research Findings

20.1 Key Takeaways
20.2 Analyst Point of View

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Segmentation Level Customization	Additional Segments and Sub Segment Cross-split Segments of Autonomous Mining Truck Additional Countries Granular data
Global level Data Customization	Sales Volume Production Production Capacity Pricing Analysis of Product
Region level Data Customization	Sales Volume Production Production Capacity Pricing Analysis of Product
Country level Data Customization	Sales Volume Production Production Capacity Segment Analysis on Country level is also available (On request) Pricing Analysis of Product
Company Level	Company Market Share on Regional Level/ Country Level Company Sales Volume Company Production Volume Company Production Capacity Company Specific Distributors Manufacturing Process by different manufacturers Global/ Regional/ Country level Major Distributors Additional Competitors Analysis of your choice Tier 1 tier 2 tier 3 start ups.... Manufacturers Market Concentration Ratio Industry benchmarking
Additional Data Analysis	Surveys/polls Value Chain Analysis Raw Material Analysis Price Trend Analysis Supplier/Distributor List Market Economic Supply Demand Gap Analysis Customer Sentiment Analysis Stock Price Prediction Analysis Stock Performance Correlation Analysis Patent Analysis Technology Development Analysis Merger and Acquistion Consulting Top Winning Strategies / Strategic Benchmarkeing Heat Map Analysis ESG Analysis Product life cycle Customer buying behavior and decision-making process Marketing Mix Analysis Product Launch Strategy Building
Additional Qualitative Data	Pipeline Products Market Trends Industry Events and Developments Sales Key Indicators Risk Analysis Regulatory Landscape Customer Sentiment Analysis R&D landscape Market Entry / Exit Consulting Identifying New Application/End Use
Additional Quantitative Data	Import Data Export Data Quarterly Revenue (Q1,Q2,Q3,Q4) Forecast Period Extension: 2023 to 2033 Historical Period Data Available: 2011 to 2022 IPO prospectus
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Report Format Alteration	Quarterly Revenue (Q1,Q2,Q3,Q4) Revenue in USD ($)/Euro (€)/Pound (£)/Yen (¥)/etc Translation Rights and Multi Language Report Editions Average FOB Price/Average Selling Price

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Autonomous Mining Truck Market Analysis

Global Autonomous Mining Truck Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Autonomous Mining Truck Industry growth. Autonomous Mining Truck market has been segmented with the help of its Type, Market Type Size, and others. Autonomous Mining Truck market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

Report scope is customizable as we have a huge database of Autonomous Mining Truck industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.

Industry segmentation can be altred as per your needs. For example, we can proivde cross slipt between Underground LHD Loaders with Market Type, Size, additional country analysis, volume/consumption data, etc.

Autonomous Mining Truck Market Report Scope

Major Type Analysed	Underground LHD Loaders Autonomous Hauling Trucks Others
Major Market Type Analysed	OEM Aftermarket
Major Size Analysed	Small , Medium , Large
Major Propulsion Analysed	Electric and Hybrid , Diesel
Major Autonomy Analysed	Level 1 and 2 , Level 3 , Level 4 and 5
Top Manufacturers Disclosed	Scania Caterpillar Inc. Autonomous Solutions Inc. Hitachi Ltd Komatsu Ltd. AB Volvo Daimler AG Aptiv Bosch Ltd. CONTINENTAL AG DENSO CORPORATION EMBARK MAN SE Nvidia PACCAR Inc. QUALCOMM Tesla TUSIMPLE WAYMO Confidential Data Access The Paid Version Data Hidden List of 2nd tier, 3rd tier and new players (data available) Please Note: Not all players are disclosed \| Listed In No particular Order due to Data Confidentiality
Global, Regional and Country Analysis	North America (United States, Canada, Mexico) Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium) Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC) South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America) Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)
Key Qualitative Information Covered	Drivers Restraints Opportunities COVID-19 Impact Analysis Key Trends Technological Advancement

Based on type, the market is segmented into underground LHD loaders, autonomous hauling trucks, and others. The underground LHD loader segment is expected to lead the global autonomous mining trucks market owing to low noise electric LHD, zero emission, durable, fast and easy maintenance. In addition, the underground scraper has different advantages such as compact structure, flexible operation, high work efficiency, and low emission pollution. Underground LHD loaders use powerful, low-polluting engines.

Autonomous Mining Truck Market Share (%) by Type in 2018-2030

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Autonomous Mining Truck Industry. Request a Free Sample PDF!

Based on market type, the market is segmented into OEM, and aftermarket. The OEM segment is expected to increase its revenue share by 64.2% over the forecast period owing to the increasing demand from OEMs for autonomous mining trucks. The use of autonomous mining trucks in OEM can reduce the production cost of the enterprise. Autonomous mining trucks operate without a driver, meaning no additional staff are required. Additionally, autonomous mining trucks can be programmed to follow specific routes and schedules, reducing the time it takes to transport goods. This eventually reduces costs for the company.

Autonomous Mining Truck Market Share (%) by Market Type in 2018-2030

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Autonomous Mining Truck market report 2023 Edition by contacting our team.

Autonomous Mining Truck Size Segment Analysis

Based on size, the market is segmented into small, medium, and large. Compared to other size segments, the large segment holds the highest revenue share at 36.4% and is expected to register a significant CAGR in the global market. This is attributed to increased demand for automated mining trucks due to their advantages of increased productivity, reduced operating costs, and accident rate.

Small
Medium
Large

Autonomous Mining Truck Propulsion Segment Analysis

In propulsion, the market is segmented into electric and hybrid, and diesel. The electric and hybrid segment is expected to register the highest CAGR of 28.2% over the forecast period, owing to increasing development of autonomous electric mining trucks, enabling emission-free mining. However, the diesel segment holds the largest share of 48.3% in the global autonomous mining trucks market in 2022, owing to the increased usage of diesel mining trucks to improve efficiency as diesel can use less fuel and provide high mileage.

Electric and Hybrid
Diesel

Autonomous Mining Truck Autonomy Segment Analysis

Based on level of autonomy, the market is divided into Levels 1 and 2, Level 3, and Levels 4 and 5. The level 1 and 2 segment is expected to register the largest share of 58.2% in the global market, due to incorporation of automation technology in vehicles in order to maintain a safe following distance between vehicle and traffic ahead without driver intervention. Although, the level 4 and 5 segment is projected to register the highest CAGR of 29.2% during the forecast period, due to underdevelopment of autonomous driving technologies provided that a remarkable opportunity for the players.

Level 1 and 2
Level 3
Level 4 and 5

North America autonomous mining truck accounted for the largest share in the global market, due to the high rate of commercialization in the region. Rapid growth of the industrial sector, growth of the mining industry, high demand for autonomous mining trucks, and technological leadership of the US and Canada in the region. Rising per capita income, labour shortage, availability of advanced technologies, increasing preference for improving mine productivity and solution providers are driving the adoption of automated mining trucks in the mining industry.
For instance, Rio Tinto is using of 73 autonomous mining trucks to improve worker safety at iron mines in Australia. The use of autonomous mining trucks is increasing to minimize human intervention and thus reduce accidents. Hence, increasing awareness about miner safety is expected to boost the market.
In Canada, the increased adoption of industrial robotics, the adoption of automation in mining and water treatment, metals and mineral processing, and the presence of foreign developers of automation solutions operating from Canada help towards the growth of the global market in Canada. In Canada, increasing adoption of industrial robotics, adoption of automation in mining and water treatment, metal and mineral processing, and presence of foreign automation solution developers operating in Canada contribute to the growth of the global market over the forecast period.
The Asia Pacific region is expected to register the highest CAGR during the forecast period. Emerging economies such as China, India, and South Korea have contributed significantly to the growth of the autonomous mining truck market. The Chinese government is favourable to the manufacturing of industrial robots, and the increase in unit sales has indirectly increased the autonomous mining truck market.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

North America (United States, Canada, Mexico)
Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

Autonomous Mining Truck Market Share (%) by Region (2018-2030)

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Recent Developments:

In November 2022, Caterpillar successfully demonstrated its first all-electric 793 large mining truck and invested heavily in transforming its proving ground in Arizona into a sustainable testing and verification center for the future. Caterpillar has completed the first prototype of the battery-electric 793 with the support of a major mining customer participating in Caterpillar's Early Learner Program.
In October 2022, Scania and Rio Tinto both are developing more flexible autonomous haul trucks at a mine in Western Australia's Pilbara region in pursuit of potential environmental and productivity benefits. The two companies have entered into a long-term R&D collaboration agreement for continuous advancement, with Rio Tinto's Channar mine becoming Scania's first active partner site in autonomous mining solutions. The partnership includes options for the future transition to electric vehicles.

Top Companies Market Share in Autonomous Mining Truck Industry: (In no particular order of Rank)

Scania
Caterpillar Inc.
Autonomous Solutions Inc.
Hitachi Ltd
Komatsu Ltd.
AB Volvo
Daimler AG
Aptiv
Bosch Ltd.
CONTINENTAL AG
DENSO CORPORATION
EMBARK
MAN SE
Nvidia
PACCAR Inc.
QUALCOMM
Tesla
TUSIMPLE
WAYMO
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Author's Conclusion

Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.

The Global Autonomous Mining Truck Market is witnessing significant growth in the near future.

In 2022, the Underground LHD Loaders segment accounted for noticeable share of global Autonomous Mining Truck Market and is projected to experience significant growth in the near future.

The OEM segment is expected to expand at the significant CAGR retaining position throughout the forecast period.

Some of the key companies Scania , Autonomous Solutions Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.

Author's Detail

Kalyani Raje, LinkedIn

Senior Research Analyst at Cognitive Market Research

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

Research Methodology Implemented by Author

1.1 Primary Research for Autonomous Mining Truck Market
- 1.1.1 Modes of Primary Research:
1.2 Secondary Research for Autonomous Mining Truck Market
1.3 Market Estimation for Autonomous Mining Truck Market
1.4 Data Triangulation for Autonomous Mining Truck Market
1.5 Questionnaire for Autonomous Mining Truck Market

Preview Full Research Methodology

Key Questions Answered By Autonomous Mining Truck Market Report 2023

Why Underground LHD Loaders have a significant impact on Autonomous Mining Truck market?

What are the key factors affecting the Underground LHD Loaders and Autonomous Hauling Trucks of Autonomous Mining Truck Market?

What is the CAGR/Growth Rate of OEM during the forecast period?

By type, which segment accounted for largest share of the global Autonomous Mining Truck Market?

Which region is expected to dominate the global Autonomous Mining Truck Market within the forecast period?

Frequently Asked Questions (FAQs)

What is Autonomous Mining Truck Market Size?

The Global Autonomous Mining Truck Market size was valued at USD 6.8 Billion in 2022 and is projected to to be USD 10.3 Billion by 2030 growing at a CAGR of 24.2 % from 2023 to 2030.

Which key factors will influence Autonomous Mining Truck Market growth over 2023-2030?

Rising demand for smart mining and surge in demand for technologically advanced mining equipment is expected to fuel the growth of the global autonomous mining truck market.

What will be the value of the Autonomous Mining Truck Market during 2023-2030?

According to the report, the global autonomous mining truck market size is expected to be USD 10.3 billion by 2030, with a CAGR of approximately 24.2 % over the forecast period.

Which was the leading segment in the Autonomous Mining Truck Market based on type in 2021

Among the type, underground LHD loader segment is expected to highest revenue share in the global market, owing to low noise electric LHD, zero emission, durable, fast and easy maintenance.

Which region will contribute notably towards the Autonomous Mining Truck Market value?

The North America region is expected to continue leading the market throughout the forecast period owing to the increasing adoption of latest automation technologies by mining companies to modernize their operations.

Which are the major players leveraging the Autonomous Mining Truck Market growth?

Some of the main competitors dominating the global Autonomous Mining Truck Market include – Scania, Caterpillar Inc., Autonomous Solutions Inc., Hitachi, Ltd, Komatsu Ltd., and AB Volvo among others.

What are some restraints for growth of the global Autonomous Mining Truck Market?

The high initial costs associated with deploying autonomous mining truck is one of the factors is hamper the market growth over the forecast year