"Market Intelligence for High-Geared Performance"

Autonomous Haul Truck Market Size, Share & Industry Analysis, By Truck Capacity (Low capacity,m Medium capacity, High capacity), By Industry Vertical (Logistics, Manufacturing, Mining, Port) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105789 | Status : Ongoing



The autonomous haul trucks are utilized to transport ore and waste produced in mines. The autonomous haul trucks are generally controlled through a wireless network that combines a high-precision global positioning system, onboard vehicle controllers and obstacle detection, and avoidance systems. The system has complete controlling logic that operates with complex data fusion to control dump trucks to securely function through a haul, load and dump cycle and allow the combination with other mine vehicles such as light vehicles, graders, loaders, and graders. Generally, most of the large-size haul trucks work on diesel-electric powertrains, they use the diesel engine to drive a DC generator or AC alternator that directs electric power to electric motors at each rear wheel.

The global autonomous haulage truck market is largely driven due to an increase in emphasis of mining companies to reduce the total expenditure over labour and development of overall efficiency and productivity in the mines. Additionally, autonomous haulage trucks offer more convenient manoeuvrability over short distances, such as a mining field, due to which mining companies have now started to implement trucks over railways. Some of the factors such as the high cost of autonomous haul trucks are expected to hamper the growth of the market.

Up Arrow

Key Market Driver -

increased emphasis of mining companies on reduction of expenditure and enhancement of overall efficiency by boosting the performance of haulage trucks are some of the major factors driving the growth of the market.

Down Arrow

Key Market Restraint -

high cost of autonomous hauling trucks is primarily the major factor that hamper the growth of the market especially in developing economies.

Market Segmentation:

The autonomous haul truck market is segmented by truck capacity, by industry vertical, by mine type and by region. Based on the truck type the market is further sub-segmented into low capacity, medium capacity and high capacity. High capacity trucks are expected to account for the largest market share during the forecast period due to the demand for high capacity trucks by different metal and mineral mining companies in order to compete with the productivity of excavators and dragline excavators in the mines.

Based on industry vertical the market is sub-segmented into logistics, manufacturing, mining and port. The mining industry is the largest segment and it is expected to dominate the market during the forecast period. Due to the increase in demand for minerals and metals the mining industry are increasing the amount of production which eventually increases the demand for autonomous haul trucks. Mining companies are now adopting advanced technology available in the market to reduce the overall cost. These are some of the major factors driving the growth of the market. Based on mine type the market is sub-segmented into surface mines and underground mines. Autonomous haul truck is majorly used in surface mines because it provides ease of manoeuvrability over short distances, thus the surface mines segment is anticipated to account for the largest market share during the forecast period.

Key Players:

Major players operating in the global autonomous haul truck market include Otto Motors, General Motors, Toyota, Volkswagen, BMW AG, Isuzu Motors Limited, Tesla, WeMo, AB Volvo, Daimler AG, and others. These are the major players of the market along with other competitors in the market.

Key Insights

  • New Advancements in Autonomous Haul truck Market

  • Number of Products, Key Countries, 2020

  • New Product Launches, Key Players

Regional Analysis:

On the basis of region, the autonomous haul truck market is sub-segmented into North America, Asia-Pacific, Europe and the rest of the world. North America is projected to account for the largest share in the market in terms of revenue and it is expected to dominate the market during the forecast period. North America has a prominent mining industry some of the factors such as increased per capita income, lack of availability of labour and rise in technology are expected to drive the growth of the autonomous haul truck market in the region.

APAC region is anticipated to be the second-largest region for the autonomous haul truck market due to the increased preference for autonomous haul trucks for enhancing productivity in the mines. Also, several countries of the region such as Australia are the home for major competitors of global mining corporations such as Rio Tinto. These are some of the major factors driving the growth of the market in the region. Europe is expected to grow significantly during the forecast period, factors such as high labour cost and enhanced autonomous infrastructure in the region are expected to drive the growth of the market.

To gain extensive insights into the market, Request for Customization




By Truck Capacity

  • Low capacity

  • Medium capacity

  • High capacity

By Industry Vertical

  • Logistics

  • Manufacturing

  • Mining

  • Port

By Geography

  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)

  • Rest of the World

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Automotive & Transportation Clients


Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.