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Autonomous Mining Truck Market : Underground LHD Loaders, Autonomous Hauling Trucks 2025-2035

OREGAON, PORTLAND, UNITED STATES, March 28, 2023 /EINPresswire.com/ -- Autonomous Mining Truck Market by Size (Small, Medium, Large), by Propulsion (Diesel, Electric and Hybrid), by Level of Autonomy (Level 1 and 2, Level 3, Level 4 and 5), by Type (Underground LHD Loaders, Autonomous Hauling Trucks, Others): Global Opportunity Analysis and Industry Forecast, 2025-2035
. The autonomous mining truck market is expected to be valued at $1.6 billion in 2025, and is estimated to reach $12.5 billion by 2035, growing at a CAGR of 23.2% from 2025 to 2035.

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There are prominent key factors that drive the growth of the autonomous mining truck market, such as increase in demand for smart mining, and rise in demand for technologically advanced mining equipment. The market economy is also responsible for the growth of the market. Countries such as China, India, Brazil, and South Africa are developing economies. Thus, the construction and mining sector witnesses' prominent growth in these countries, which is expected to provide lucrative opportunities for the growth of the mining equipment industry. This in turn is expected to fuel the market. Also, in some undeveloped countries, there is an increase in the R&D expenditure for autonomous vehicle, which is expected to boost the autonomous mining truck industry.

The autonomous mining truck market is segmented on the basis of size, propulsion, level of autonomy, type, and region. On the basis of size, it is divided into small, medium, and large. On the basis of propulsion, it is segmented into diesel, and electric & hybrid. By level of autonomy, the market is divided into Level 1 & 2, Level 3, and Level 4 & 5. By type, the market is divided into underground LHD loaders, autonomous hauling trucks, and others. By region, the market is analyzed across North America,

COVID-19 Impact Analysis :

The COVID-19 impact on the automotive industry is unpredictable, and is expected to remain in force for a few years. The COVID-19 outbreak forced governments across the globe to implement stringent lockdowns and ban import-export of essential raw material items for most of 2020, and few months in 2021. This led to sudden decline in availability of important raw materials for vehicle components.

Further, the mining companies should quickly disintegrate all expenditure into what can be stopped, what must be sustained, what can be stalled, and what can be shrunk. With this done, they can prepare a control tower methodology to assess and challenge all of the expenditure regions. In addition, they should mitigate and identify susceptibilities amidst the complexity of their logistics, supplier-network, and products. Moreover, the usage of advanced analytics will additionally escalate the success of hedging strategies intended at apprehending the advantage of today's rare commodities opportunities.

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KEY FINDINGS OF THE STUDY :

By size, the large segment is expected to register a significant growth during the forecast period.

By propulsion, the electric & hybrid segment is projected to lead the global autonomous mining truck market.

By level of autonomy, the Level 4 & 5segment is projected to lead the global autonomous mining truck market

By type, the underground LHD loaders segment is projected to lead the global autonomous mining truck market

Key market players :

Daimler AG
AB VOLVO
Aptiv
Bosch Ltd.
CONTINENTAL AG
DENSO CORPORATION
EMBARK
MAN SE
Nvidia
PACCAR Inc.
QUALCOMM
Scania
Tesla
TUSIMPLE
WAYMO

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About Us :

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Analytics LLP
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