Global Dump Truck Market, By Type (Rear, Side, Roll- Off, On-Road Dump Truck, Off-Road Dump Truck), Engine Type (Internal Combustion Engine, Electric Engine), Engine Capacity (5L, 5L to 10L, More Than 10L), Application (Building Construction, Mining Industry), End- User (Construction, Mining, Infrastructure, Military, Agriculture, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights ; Global Dump Truck Market
The dump truck market is expected to witness market growth at a rate of 6.10% in the forecast period of 2021 to 2028. Data Bridge Market Research report on dump truck market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The expansion of construction industry is escalating the growth of dump truck market.
A dump truck is generally utilized to carry materials such as sand, gravel or demolition waste from a construction site. The ruck is fitted with an open-box bed, hinged at the rear. It is then employed with a hydraulic ram to lift the front of the open-box bed allowing the material in the bed to be deposited on the ground which is behind the truck.
The rise in the government funding on substantial infrastructure and technological developments, of the vehicles act as the major factors driving the growth of dump truck market. The rise in the global mining production due to increased demand for minerals and natural resources and the introduction of energy-efficient vehicles with the purpose of reducing the adverse effects of mining and excavation accelerate the dump truck market growth. The surge in the Foreign Direct Investment especially in the developing nations, and development of electric dump trucks, that comply with emission regulations, and meet customer requirements further influence the dump truck market. Additionally, rapid urbanization and industrialization, growth of end user industries, research and development activities and surge in investments positively affect the dump truck market. Furthermore, development of next-generation dump trucks integrating AI and machine learning to enable autonomous operation extend profitable opportunities to the dump truck market players in the forecast period of 2021 to 2028.
On the other hand, the high cost associated with the maintenance of the trucks and implementations of stringent regulations on the heavy automobiles are the factors expected to obstruct the dump truck market growth. Lack of skilled professionals for operating the vehicles is projected to challenge the dump truck market in the forecast period of 2021-2028.
This dump truck market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on dump truck market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Dump Truck Market Scope and Market Size
The dump truck market is segmented on the basis of type, engine type, engine capacity, application and end- user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the dump truck market is segmented into rear, side, roll- off, on-road dump truck and off-road dump truck.
- On the basis of engine type, the dump truck market is segmented into internal combustion engine and electric engine.
- On the basis of engine capacity, the dump truck market is segmented into 5l, 5l to 10l and more than 10l.
- On the basis of application, the dump truck market is segmented into building construction and mining industry.
- On the basis of end- user, the dump truck market is segmented into construction, mining, infrastructure, military, agriculture and others.
Global Dump Truck Market Country Level Analysis
The dump truck market is analyzed and market size, volume information is provided by country, type, engine type, engine capacity, application and end- user as referenced above.
The countries covered in the global dump truck market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the dump truck market because of the government funding, increase in the rate of construction of roads and highways, development of urban transport, rise in mining activities in countries such as China, India and Australia, high production and consumption in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Dump Truck Market Share Analysis
The dump truck market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to dump truck market.
The major players covered in the dump truck market report are Hitachi Construction Machinery Co., Ltd, Kubota-Gear, J C Bamford Excavators Ltd., Deere & Company, AB Volvo, Rogers Dump Bodies, Caterpillar, BAS Mining Trucks, OJSC BELAZ, Cummins Inc., Liebherr Group, Komatsu Europe International N.V., Terex Equipment P.Ltd., Volkswagen, DUX MACHINERY CORPORATION, AdvanceQuip, NAVISTAR, INC., Mack Trucks, KrAZ, Peterbilt among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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