Market Overview The global Underground Haul Truck market is experiencing robust growth, fueled by increasing mining operations and infrastructure development worldwide. Market Intelo reports that the market was valued at USD 3.4 billion in 2023 and is projected to reach USD 5.6 billion by 2032, growing at a CAGR of 5.8% from 2024 to 2032. Underground haul trucks are essential in mining and construction sectors for transporting large quantities of ore, minerals, and materials efficiently. Their adoption is driven by the need for high productivity, improved safety, and reduced operational costs in underground mining operations.