Revenue Growth Predicted for Tipper Truck Market During 2017-2025

Tipper truck are known as dump truck or dumper or tipper or tipper lorry. Tipper trucks transport lose materials such as gravel, stone chips and sand, lose rocks etc. Tipper trucks have material loading space in rear that is hinged at the back of the truck and pistons in front to deposit or dump materials at the site of delivery such as open-pit mining sites, etc.

By payload capacity the market is segmented into 30 tonnes – 100 tonnes, 101 tonnes – 220 tonnes, 221 tonnes – 450 tonnes. By horse power (HP) the market is segmented into 500 HP – 750 HP, 751 HP – 1450 HP, 1451 HP - 2000 HP, 2001 HP – 3500 HP and others. By type the market is segmented into diesel/gasoline, bio-fuel, hybrid and electric tipper trucks.

By geography the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America is a prominent tipper truck market in the world. The U.S. is the largest market in North America followed by Canada. Europe is a major tipper truck market in the world. Germany is the largest market in Europe. France, Italy, Spain, the U.K, Belgium, Sweden and Netherlands are other major tipper truck markets in the world. Asia Pacific is a dominant tipper truck market in the world. China is the largest market in Asia Pacific region. Japan, India, South Korea and Australia are other major tipper truck markets in Asia Pacific. Middle East and Africa is a significant tipper truck market in the world led by Iran, Turkey, Saudi Arabia and South Africa. Latin America is a major tipper truck market in the world led by Brazil, Mexico and Argentina. Brazil is the largest tipper truck market in Latin America.

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Rising demand for material transportation in mining industries across the world is increasing the demand for tipper trucks. Scania CV India which is a subsidiary of Scania AB Sweden launched a new tipper truck U-BODY for mining sector of India including coal and iron ore mining. Scania has also developed a fleet management system (FMS) which provides tippers’ positions, driving behavior, tipper idling time and fuel consumption specifically for mining sector in India. Scania India has partnered with Larsen & Toubro to provide tipper trucks and other construction and mining machinery for the mining sector in India since 2007. The firm has supplied Indian mining company BGR Mining & Infra with 350 Scania P 410 tipper trucks. Rising demand for infrastructure in BRICS (Brazil, Russia, India, China and South Africa) nation is increasing the demand for tipper trucks. Stringent vehicle emission norms and increasing focus of governments to increase fuel efficiency is increasing the demand to develop tipper trucks of alternate fuels such as hybrid, electric or bio-gas. An opportunity for truck tipper market is developing bio-diesel tipper trucks. Komatsu formed a joint venture (JV) with Indonesian government to develop bio-diesel tippers. Bio-diesel tippers use non-food source plant, Jatophra which grows on less fertile soil. The firm estimates that 1,000 bio-fuel powered tipper trucks will reduce 200,000 tonnes of carbon di-oxide emission per year.

The report mentions the diverse competitive strategies implemented by key players operating in the market to gain market share. Company profiles mention company details, market presence by geography and segments, strategic overview, SWOT analysis and historical revenue. The report also contains details of market share analysis of key players in the market. The major firms operating in the market are Belaz (Belarus), Caterpillar Inc. (the U.S), Hitachi Construction Machinery Co., Ltd. (the U.S), Komatsu Limited (Japan), Ashok Leyland Limited (India), BEML Ltd (India), Daimler AG (Germany), Deere & Company (the U.S), Mack Trucks, Inc. (the U.S), MAN Truck & Bus AG (Germany), Scania AB (Sweden), Tata Motors (India) and Volvo Trucks (Sweden)

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