Analysts forecast the global mining truck market to grow at a CAGR of 5.90% during the period 2017-2021 according to the Global Mining Truck Market 2017-2021 report by Research and Markets.

The report states that a trend in the market is rise in rental equipment. Purchasing new equipment is expensive. Therefore, small and medium enterprises (SMEs) often rent equipment to save on costs.

One driver in the market is smart mining equipment demand. The World Bank has predicted a growth of only 0.5% for the global mining industry in the coming years.

Key vendors in this market include:

• Caterpillar
• Hitachi Construction Machinery
• Komatsu
• Liebherr
• Terex Trucks

Global Mining Truck Market 2017-2021, was prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.