Dump Truck Market Research Report Forecast 2030

Dump Truck Market Research Report Forecast 2030

Market Overview

As per the MRFR analysis, the market for dump trucks worldwide is expected to be worth USD 16,137.5 million, with a significant CAGR of 9.8% by the end of 2030. Dump trucks are enormous pieces of equipment used to move massive quantities of loose materials, such as sand, soil, ores, rocks, waste material, and trash from large building sites. They offer a crucial service for moving minerals and waste from one location to another. One of the USPs of dump trucks is their capacity to move enormous quantities of debris and material.

The market for dump trucks is boosted by the expanding need for transportation services in all commercial and residential projects around the globe. Furthermore, there is a considerable demand for dump trucks due to the expanding mining activity in China, India, and Indonesia. Copper, stone, coal, lead, zinc, and other minerals are extracted as part of mining activities. Numerous businesses around the world rely on the availability of these minerals. Mining operations have increased because of the growing need for various minerals for numerous production processes. As a result, the market for dump trucks is anticipated to rise rapidly during the projected period because of the expanding construction and mining industries.

Market Segmentation

According to the type of dump truck, the market is divided into three segments: rear, side, and roll-off. The segments of the global dump truck market based on propulsion include ICE and electric. The global dump truck market is divided into four sectors depending on capacity: below 25 MT, 25–50 MT, 50–150 MT, and beyond 150 MT. According to the application, the Global Dump Truck Market is divided into sectors such as construction, mining, agricultural & forestry, and others.

Regional Analysis

The dump truck market is anticipated to be dominated by the Asia-Pacific region. Asia has a wealth of mineral resources because of its distinct geographic features. The most widespread minerals include coal, petroleum, iron, manganese, tungsten, antimony, copper, lead, zinc, aluminum, gold, silver, mica, and precious stones.

The third oil storage zone is in western Siberia. As a result, several nations consider mining as their main source of income, including Saudi Arabia, China, and Iran Government initiatives for infrastructure development also play a role in the growing Asia-Pacific nations.

Europe is rich in natural resources, and as they have for thousands of years, mining and the supply of minerals remain essential to the European economy and civilization. In daily life, minerals are utilized as building materials for roads, buildings, and infrastructure as well as for industrial purposes.

Major Players

The major Companies operating in the Dump Truck Market are Liebherr (Germany), Hitachi Construction Machinery Co. Ltd (Japan), Bell Trucks America Inc. (South Africa), BYD Company Limited (China), Caterpillar Inc. (US), Doosan Corporation (South Korea), FAW Group Corporation (China), Curry Supply (US), Volvo Group (Sweden), Daimler AG (Germany), Komatsu Ltd (Japan), Deere & Company (US), SANY Heavy Industry Co., Ltd (China), Xuzhou Construction Machinery Group Co. Ltd (China), and CNH Industrial (UK).

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

Companies Mentioned

Liebherr (Germany)
Hitachi Construction Machinery Co. Ltd (Japan)
Bell Trucks America Inc. (South Africa)
BYD Company Limited (China)
Caterpillar Inc. (US)
Doosan Corporation (South Korea)
FAW Group Corporation (China)
Curry Supply (US)
Volvo Group (Sweden)
Daimler AG (Germany)
Komatsu Ltd (Japan)
Deere & Company (US)
SANY Heavy Industry Co.
Ltd (China)
Xuzhou Construction Machinery Group Co. Ltd (China)
and CNH Industrial (UK)

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.