provides LDH remote control systems. The company’s radio remote control system permits to
operate the load haul dump truck from remote location. Moreover, in 2016, the Ashele Copper
Mining Plant launched remote control 2 cubic load haul dump.
Asia Pacific held the dominant position in the load haul and dump trucks market in 2017 and is
projected to retain its dominance throughout the forecast period. India and China are growth
engines in the Asia Pacific market. Growth in the mining industry in the region is one of the
major driving factors for growth of the load haul and dump trucks market in this region. For
instance, according to World Mining Congress, in 2016, the Asia Pacific region held near 65.1%
share of the world’s mining production. China held the dominant position in Asia Pacific mining
production in 2016. According to the same source, China held a share of around 40.7% of the
total Asia Pacific mining production in 2016.
The electric engine based load haul dump truck segment is projected to exhibit the highest CAGR
in the forecast period. This growth is attributed to advantages such as zero exhaust emissions,
less initial cost, less maintenance cost, and long lifespan. Anchises Technologies Co., Ltd,
Caterpillar Inc., and GHH Fahrzeuge are some of the electric load haul dump trucks
manufacturing companies. Furthermore, stringent regulations by governments of various
countries for reduction of vehicle gas emission have also accelerated demand for electric
engines in the global load haul dump truck market.
Read detail market study @
https://www.coherentmarketinsights.com/market-insight/load-haul-and-dump-trucks-market-1851
The major players operating in the global load haul and dump trucks market are Anchises
Technologies Co. Ltd., Atlas Copco, Caterpillar Inc., DUX Machinery Corporation, Eimco Elecon
(India) Ltd., GHH Fahrzeuge, Hensley Industries, Inc., Joy Global Inc., KGHM ZANAM S.A, and
Mining Technologies International Inc.