Market Study Report LLC recently added a new title on 2019-2025 Global Dump Trucks Market Report from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2025.
— The Europe dump trucks market is developing at a rapid pace owing to the construction & infrastructure transformation projects in Germany, the UK, France, etc. These countries are moving toward urbanized infrastructures due to the demand from the population. Government initiatives, such as usage of technically advanced and low carbon emitting construction machines, are major drivers for the tipper trucks market expansion. The European government is focused on operator and worker safety on all construction sites and has mandated several safety-related manufacturing standards for machine manufacturers. As a result, companies are launching products that focus on safety in this region. For instance, in July 2018, Komatsu announced the launch of its new rigid truck model, HD1500-8 in Europe, which includes several operator safety features.
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Dump Trucks Market is expected to exceed USD 24 billion by 2025. The increasing requirement for transporting heavy & bulky materials and rubbles for recycling in construction & mining activities will drive the tipper trucks market demand. The customers including mining companies and private & government contractors are deploying these heavy-duty vehicles to improve the operational productivity & gain efficiency in transportation at various sites. Dumpers are mainly used for transportation purposes and are available in various types and capacity specifications for recycling, dumping, and landscaping applications. Additionally, a rapid expansion of the global construction sector including complex projects is anticipated to drive the dump trucks market growth.
Mining applications in the tipper trucks market are growing rapidly owing to the high utilization of these machines in transporting the extracted materials and waste from one site to another. The manufacturers have developed specialized mining vehicles for operations in open cast mines, rough terrains, etc. Additionally, the increasing mining projects in the Middle Eastern and Asian countries add up to the prospects for high tipper demand, driving the dump trucks market growth.
In the dump trucks market, articulated models are witnessing high demand due to the improving engines, capacity, and fuel-efficient features incorporated into the newly developed machines. These vehicles are capable of transporting materials through rough terrains, further supporting the utilization in complex mining projects. The machines are increasingly used in recycling activities due to higher flexibility as compared to the rigid models. Companies are developing trucks with new engines and capacities to serve varying customer requirements. For instance, in April 2018, Caterpillar announced the launch of its three new articulated trucks including new operator stations and engines.
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The mining companies are focused on deploying machines with low emission and low fuel consuming machines to reduce pollution and carbon amounts from mining activities. Such initiatives along with the need for recycling hazardous waste are creating a high demand for the dumpers.
Major players operating in the dump trucks market include Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery, Liebherr Group, Volvo Trucks, Sany Group, Terex Trucks, etc. These companies are involved in launching new machines and accessories for specific application & capacity requirements. Additionally, the companies are developing relations with rental providers due to the increasing demand for rental machines across the global tipper trucks market.
Table of Content:
Chapter 1. Methodology and Scope
1.1. Definitions & forecast parameters
1.1.2. Methodology and forecast parameters
1.2. Data Sources
Chapter 2. Executive Summary
2.1. Dump trucks industry 360 degree synopsis, 2015 - 2025
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Type trends
2.1.4. Capacity trends
2.1.5. End-use trends
Chapter 3. Dump Trucks Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 - 2025
3.3. Industry ecosystem analysis
3.3.3. Distribution channel analysis
3.3.4. End-use landscape
3.3.5. Vendor matrix
3.4. Technology & innovation landscape
3.5. Regulatory landscape
126.96.36.199. North America
188.8.131.52. Asia Pacific
184.108.40.206. Latin America
3.6. Industry impact forces
3.6.1. Growth drivers
220.127.116.11. Increasing infrastructure investments globally
18.104.22.168. Increasing recycling activities in North America and Europe
22.214.171.124. Integration of robotic systems and GPS in the U.S.
126.96.36.199. Development of urban infrastructure in South Africa and India
188.8.131.52. Replacement of the aging fleet in MEA
184.108.40.206. Increasing usage of smart mining solutions in Asia and Latin America
3.6.2. Industry pitfalls & challenges
220.127.116.11. High initial and maintenance cost
18.104.22.168. Unavailability of trained operators
3.7. Growth potential analysis
3.8. Porter's analysis
3.8.1. Supplier power
3.8.2. Buyer power
3.8.3. Threat of new entrants
3.8.4. Threat of substitutes
3.8.5. Internal rivalry
3.9. Competitive landscape, 2018
3.9.1. Company market share analysis
3.9.2. Strategy dashboard (New product development, M&A, R&D, Investment landscape)
3.10. PESTEL analysis
Chapter 4. Dump Trucks Market, By Type
Chapter 5. Dump Trucks Market, By Capacity
Chapter 6. Dump Trucks Market, By End-Use
Chapter 7. Dump Trucks Market, By Region
Chapter 8. Dump Trucks Market Company Profiles
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Global Off Road Dump Trucks Market Growth 2019-2024
According to this study, over the next five years the Off Road Dump Trucks market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Off Road Dump Trucks business, shared in Chapter 3.
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