Dump Trucks Market Analysis 2019 - 2025 | Leading Players: Caterpillar, XCMG Group, Doosan Corporation, Hitachi Construction Equipment, Volvo Group, Komatsu Ltd., Deere & Company, Liebherr Group

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. 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.

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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.

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 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.

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

1.1.1. Definitions

1.1.2. Methodology and forecast parameters

1.2. Data Sources

1.2.1. Secondary

1.2.2. Primary

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

3.3.1. Suppliers

3.3.2. Manufacturers

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

3.5.1.1. North America

3.5.1.2. Europe

3.5.1.3. Asia Pacific

3.5.1.4. Latin America

3.5.1.5. MEA

3.6. Industry impact forces

3.6.1. Growth drivers

3.6.1.1. Increasing infrastructure investments globally

3.6.1.2. Increasing recycling activities in North America and Europe

3.6.1.3. Integration of robotic systems and GPS in the U.S.

3.6.1.4. Development of urban infrastructure in South Africa and India

3.6.1.5. Replacement of the aging fleet in MEA

3.6.1.6. Increasing usage of smart mining solutions in Asia and Latin America

3.6.2. Industry pitfalls & challenges

3.6.2.1. High initial and maintenance cost

3.6.2.2. 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

4.1. Key trends by type

4.2. Articulated

4.2.1. Market estimates and forecast, 2015 - 2025

4.3. Rigid

4.3.1. Market estimates and forecast, 2015 - 2025

Chapter 5. Dump Trucks Market, By Capacity

5.1. Key trends by capacity

5.2. Below 25 metric ton

5.2.1. Market estimates and forecast, 2015 - 2025

5.3. 25 to 50 metric ton

5.3.1. Market estimates and forecast, 2015 - 2025

5.4. 51 to 150 metric ton

5.4.1. Market estimates and forecast, 2015 - 2025

5.5. 151 to 300 metric ton

5.5.1. Market estimates and forecast, 2015 – 2025

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This study presents the Dump Trucks production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
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