Global Dump Trucks 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) - Industry Trends and Forecast to 2030.
Dump Trucks Market Analysis and Size
Governments of various regions are continuously investing on transportation and infrastructure. With the rise in automation, dump trucks are widely being utilized across various industries such as construction, mining, agriculture, and infrastructure to ease the work of humans. In addition to this, introduction of energy-efficient vehicles to reduce the adverse effects of mining and excavation will further aggravate the growth of the global dump trucks market. The rise in demand for connect devices across the globe is one of the major factors driving the growth of the global dump trucks market.
Data Bridge Market Research analyses that the global dump trucks market was USD 8,323.42 in 2022, and is expected to reach USD 16,104.25 million by 2030, and is expected to undergo a CAGR of 8.6% during the forecast period of 2023 to 2030. “Rear” dominates the type segment of the global dump trucks market due to robotic technology. Introduction of energy-efficient vehicles to reduce the adverse effects of mining and excavation is expected to influence the growth of Dump Trucks market over the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Dump Trucks Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Hitachi Construction Machinery Co., Ltd (Japan), Kubota-Gear (U.S.), J C Bamford Excavators Ltd. (U.K.), Deere & Company. (U.S.), AB Volvo (Sweden), Rogers Dump Bodies (U.S.), Caterpillar (U.S.), BAS Mining Trucks (Netherlands), OJSC BELAZ (Belarus), Cummins Inc. (U.S.), Liebherr Group (Germany), Komatsu Europe International N.V. (Belgium), Terex Equipment P.Ltd. (India), Volkswagen (Germany), DUX MACHINERY CORPORATION (Canada), AdvanceQuip (New Zealand), NAVISTAR, INC. (U.S.), Mack Trucks (U.S.), KrAZ (Ukraine), Peterbilt (U.S.)
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Market Opportunities
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Market Definition
Dump trucks refer to the type of trucks that are utilized in the constructions sites for the purpose of carrying gravel, demolition wastage, sand and other materials. Off-road dump truck, rear dump truck, on-road dump trucks and others are few types of dump trucks. These trucks possess different engine type and engine capacity such as electric engine dump truck and internal combustion engine dump truck.
Global Dump Trucks Market Dynamics
Drivers
- Expansion of Construction Industry
The rise in the construction industry along with the swift industrialization is one of the major factors driving the growth of global dump trucks market. These trucks are popular for being powerful, user-friendly, economical, and easy to maintain. They are usually utilized in several industrial tasks owing to their unique features.
- Digitalization of Vehicles
The rapid digitalization of vehicles accelerate the market growth. The need for achieving improved productivity, profitability at reduced costs and operational efficiency have a positive impact on the market. The surge in government funding on technological improvisation of these trucks and substantial infrastructure drives the market further.
- Increase In Infrastructural Developments
The increase in number of infrastructure-related developments further influence the market. The rise in infrastructure-related projects escalating private participation in infrastructure (PPI) to invest more generate more demand for dump truck. The surge in the mining production activities because of increasing demand for minerals and natural resources assist in the expansion of the market.
Opportunity
- Introduction of Energy-Efficient Vehicles
Furthermore, introduction of energy-efficient vehicles to reduce the adverse effects of mining and excavation extend profitable opportunities to the market players in the forecast period of 2023 to 2030. Also, surge in the foreign direct investment especially in the developing nations will further expand the market.
Restraint/Challenge
- High Cost Associated with the Maintenance of the Trucks
High cost associated with the maintenance of the trucks and stringent regulations on the heavy automobiles are expected to obstruct market growth. Also, safety challenges associated with mining and construction activities are projected to challenge the dump trucks market in the forecast period of 2023-2030.
This global dump trucks 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 the global dump trucks market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In February 2021, Mack Defense and Phillips & Temro Industries (PTI) broke the news regarding their partnership strategies. The companies joined hands to prepare the US army M917A3 heavy Dump trucks (HDT). These trucks offer more efficiency, and are capable of working effectively in cold weathers
Global Dump Trucks Market Scope
The global dump trucks market is segmented on the basis of type, engine type, engine capacity, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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
Global Dump Trucks Market Region Analysis/Insights
The global dump trucks market is analysed and market size insights and trends are provided by region, type, engine type, engine capacity, application and end user as referenced above.
The countries covered in the global dump trucks market report are U.S., Canada, Mexico, Brazil, Argentina, the 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 the Middle East and Africa.
North America dominates the global dump trucks market because North America is home to renowned research institutions, universities, and technology companies that conduct cutting-edge research in photonics and integrated circuit technologies. This strong R&D ecosystem fosters innovation and drives advancements in Dump Trucks circuits.
Asia-Pacific is expected to be fastest-growing country in the global dump trucks market due to the Asia-Pacific region has a large and rapidly growing population, along with a significant increase in internet usage and data consumption. This drives the demand for high-speed and efficient communication networks, which can benefit from the use of dump trucks circuits. PICs are capable of integrating multiple optical components on a single chip, making them well-suited for high-speed data transmission and communication applications.
The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream 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 the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and Global Dump Trucks Market Share Analysis
The global dump trucks market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global dump trucks market.
Some of the major players operating in the global dump trucks market are:
- Hitachi Construction Machinery Co., Ltd (Japan)
- Kubota-Gear (U.S.)
- J C Bamford Excavators Ltd. (U.K.)
- Deere & Company. (U.S.)
- AB Volvo (Sweden)
- Rogers Dump Bodies (U.S.)
- Caterpillar (U.S.)
- BAS Mining Trucks (Netherlands)
- OJSC BELAZ (Belarus)
- Cummins Inc. (U.S.)
- Liebherr Group (Germany)
- Komatsu Europe International N.V. (Belgium)
- Terex Equipment P.Ltd. (India)
- Volkswagen (Germany)
- DUX MACHINERY CORPORATION (Canada)
- AdvanceQuip (New Zealand)
- NAVISTAR, INC. (U.S.)
- Mack Trucks (U.S.)
- KrAZ (Ukraine)
- Peterbilt (U.S.)
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