Market Research Center has released a study forecasting that the global mining truck transmission market will grow from approximately $550 million in 2025 to approximately $723 million in 2032. The market is expected to record a CAGR of approximately 4.0% from 2026 to 2032.
The global mining truck transmission market is estimated to be worth approximately $550 million as of 2025 and is projected to grow to approximately $723 million by 2032. The study forecasts a CAGR of 4.0% from 2026 to 2032.
The main transmission types identified are MT (manual transmission) and AT (automatic transmission). The report also classifies products by power output into low-, mid- and high-output segments, and by design into fixed-shaft and planetary-gear types. By application, the market covers rigid, articulated and underground trucks.
Prices for mining truck transmissions vary significantly depending on their power ratings and generally range from $30,000 to $150,000 per unit. Mid- to high-output products are typically priced at approximately $50,000–$120,000. Demand is also projected to exceed 7,000 units by 2025.
The major manufacturers identified are Allison Transmission, ZF Friedrichshafen, Kessler + Co, FAST, Caterpillar, Komatsu and Liebherr. The study analyzes these companies’ product portfolios and market trends.