On the basis of drive options , the global mining truck market can be segmented as a mechanical or electrical drive . The market on the basis of the number of axles can be given as 2 , 3 , 4 or more axle trucks . Advances in transmission and drive trains in mechanical trucks are likely to boost demand for this market segment in the near future . Stringent production standards set by mining companies to meet the unprecedented demand for materials mined , various equipment manufacturers are laying emphasis on building larger and efficient trucks to suit unique challenges and environment .
The need for efficient and smooth transfer of large quantity mined material is likely to play an important role in the growth of this market . Technological advances by the market players , such as Autonomous Haulage System ( AHS ) by Komatsu , are anticipated to provide ample growth opportunities in the global mining truck market . The market is likely to grow at a significant rate in the future . Product development by various market players such as Komatsu , Hitachi , Belaz and Terex is likely to boost growth across all the regions .
Some of the key players in the global mining trucks market include BAS Mining Trucks , Caterpillar , Inc ., European Truck Factory GmbH , H-E Parts International , LLC , Hitachi Construction Machinery Co ., Ltd ., Komatsu Ltd ., Liebherr , OJSC Belaz , Terex Corporation , and The Parker Bay Company .
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