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In this study, Frost & Sullivan offers a comprehensive exploration of the carbon dioxide (CO2) trail of a hydrogen internal combustion engine (H2 ICE) truck by investigating the carbon emission implications, focusing on H2 as a prospective fuel for the trucking industry in the United States. Our analysis begins with the rationale for considering H2...

This study presents a comprehensive overview of the global battery electric vehicle (BEV) market slowdown, with a particular emphasis on developments between 2020 and 2024. It thoroughly examines the deceleration in BEV sales growth, highlighting the growing disparity between production volumes and actual vehicle deliveries. The report contrasts...

City transportation systems around the world are undergoing significant transformation due to technological advancements, changing urban landscapes, and evolving expectations from residents. Traffic congestion, air pollution, and inefficient use of resources are common challenges that transport operators across cities are grappling with. To address...

14 Aug 2025  |  Global  |  Market Research

Mining Equipment Industry, Global, 2024-2030

Electrification, Automation, and Operational Intelligence are Driving Transformational Growth

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The mining equipment segment of the off-highway equipment industry has grown significantly in recent years, with a global market size of $62.23 billion in 2024. Frost & Sullivan projects a 2024-30 compound annual growth rate (CAGR) of 4.6%, reaching $81.58 billion in revenue by 2030. Factors driving industry growth include demand for critical miner...

The United States has levied 25% tariffs on imports from Mexico and Canada—2 markets closely connected to the US auto market. Most brands in the United States depend on Mexico and Canada for sourcing and production. Coupled with retaliatory tariffs, near-term impacts to North American volumes and inflation can be sizable. Firms should prioritize re...

The lawn and garden equipment segment of the off-highway equipment industry has grown significantly in recent years, with a global market size of $29.63 billion in 2024. Frost & Sullivan projects a compound annual growth rate of 22.1%, reaching $98.02 billion in revenue over the 2024 to 2030 period. Factors driving industry growth include demand fo...

The Mobility Technology Opportunity Engine (TOE) covers innovations pertaining to smart batteries, EV charging and autonomous vehicles.The purpose of the Mobility Technology TOE is to raise awareness of global technology innovations in self-propelled ground-based mobile platforms that are not only technically significant but potentially offering co...

The Mobility Technology Opportunity Engine (TOE) covers innovations pertaining to Urban Mobility, Radar, LiDAR, and Autonomous Fleet Intelligence, among others.The purpose of the Mobility Technology TOE is to raise awareness of global technology innovations in self-propelled ground-based mobile platforms that are not only technically significant bu...

The Mobility Technology Opportunity Engine (TOE) covers innovations pertaining to SoC, LiDAR, Urban Mobility and Self-driving Systems, among others.The purpose of the Mobility Technology TOE is to raise awareness of global technology innovations in self-propelled ground-based mobile platforms that are not only technically significant but potentiall...