Rigid-frame Haulers Market: Overview
Rigid-framehaulers, also called as large mining trucks, Rigid-frame haul trucks, orhaulers, are large-sized machines employed to haul heavy loads from one placeto another. Rigid-frame haulers are also classified under off-road vehicles andare mostly found in large, open-pit mines. These trucks can carry extremelyheavy loads i.e. of up to 300 tons at once for mining applications. Thesehaulers can function in some of the most severe environments such as quarriesand mines. Rigid-frame haulers usually have a working life of 70,000–90,000hours, which varies depending on their capacity and working conditions.Rigid-frame haulers are capable to move massive excavated rocks, debris, ore,and stones form the mine site to beneficiation plants, processing units, ortailings. Rigid-frame haulers carry, within themselves, a massive diesel enginethat powers the equipment along with electric motors that drive large-sizedwheels.
Rigid-frame Haulers Market: Trends & Demands
Rigid-framehaulers are imperative in the mining industry. These haulers help in movingheavy loads at once on high rugged and harsh terrains, a task that would not becost effective and technically feasible if normal/conventional trucks areemployed. Another key driver of the Rigid-framehaulers market is revival of the mining industry. Over the last fewyears, the mining industry, after a long period of slump, has startedperforming and several mining projects have been initiated. Demand for steel,minerals, and other metals is rising due to rapid urbanization andindustrialization. Thus, the need to extract more metal and minerals from oresis rising. Also, for extracting metals and ores, miners need to dig deep andwide so as to reach the precious ores site. This is attributable to depletion ofsurface reserves. Collectively, this has translated into rising need forRigid-frame haulers. Rigid-frame haulers are also more effective than theirarticulated counterparts, due to their higher load carrying capacity. However,these haulers, being a few of the largest machines, are highly expensive. Theyare expensive in terms of initial investment as well as costs incurred tooperate and maintain them. Rigid-frame haulers are continuously operated onmining sites and hence, they undergo excessive wear and tear. Their spare partsare expensive and any unplanned maintenance can cause a setback to alloperations, in terms of both time and money. As the time passes, costs ofcomponent replacement and repair increase significantly. This is one of thefactors hindering the global Rigid-frame haulers market.
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Rigid-frame Haulers Market: Key Segments
Based oncapacity, the Rigid-frame haulers market can be segmented into low capacity (upto 100 tons), medium capacity (101 to 250 tons), and high capacity (above 250 tons).Based on drive, the market can be divided into electric drive and mechanicaldrive. Electrical drives are more effective in offering instant and consistenttorque, which makes them more preferable for use in high-capacity Rigid-framehaulers. However, for smaller haulers, mechanical drives are preferred. Basedon application, the market can be classified into mining and others (includingconstruction). The mining segment has been sub-classified into coal mining,iron ore mining, mineral mining, and non-ferrous metal mining.
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Rigid-frame Haulers Market: Regional Outlook
In termsof geography, the global Rigid-frame haulers market can be classified into AsiaPacific, Europe, North America, Latin America, and Middle East & Africa.Rigid-frame haulers are largely used in Asia Pacific, North America, andEurope. More than 52% of the global mining activities are carried out in theU.S., China, Russia, and Australia. Asia Pacific accounts for 58% of the globalmining output. The region is anticipated to offer substantial opportunities forthe Rigid-frame haulers market during the forecast period.
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Rigid-frame Haulers Market: Key Players
Keyplayers operating in the global Rigid-frame haulers market are Liebherr Group,Terex Corporation, Caterpillar Inc., Komatsu Limited, AB Volvo, and Hitachi,Ltd.
