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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

 

KEY MARKET INSIGHTS

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.

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Segmentation






















  ATTRIBUTE

  DETAILS

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

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