Dump trucks have become an integral part of the mining and construction industries, as they help in the transportation of waste and debris to the predefined locations. The global expansion and booming growth of the construction industry have increased the demand for dump trucks and will boost the market in the future. The companies are now demanding specialized trucks according to the demands, which has added to this market's tally. The rapid development in technologies has also increased the usage of artificial intelligence (AI) to enhance the working of the machinery and ensure driver safety at the same time.
Moving debris from small trucks leads to high costs, and specialized dump trucks have high load capacities, which helps in reducing the operation times and, at the same time, reducing the overall costs. The companies are investing in research & development programs to unfold new segments of this market and meet the demands from various processes. As global pollution levels rise, the companies are now developing electrically powered trucks, having better batteries and high load capacities.
Apart from the uses and features, the global dump truck market is facing friction from high maintenance costs and lack of trained drivers & crews, which is holding back the market's growth. This report provides a comprehensive outlook on competition, opportunities, drivers & restraints, and other factors affecting the local and global dump truck market. The global market is anticipated to register approximately a 06 % annual growth during this period.
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MRFR profiled key global Dump Truck Market players. They are:
Terex Trucks (UK), Hitachi Construction Equipment (Japan), Caterpillar (US), AB Volvo (Sweden), CNH Industrial NV (UK), The Liebherr Group (Switzerland), Daimler AG (Germany), China FAW Group Co. Ltd (China), Doosan Corporation (South Korea), XCMG Group (China), Bell Trucks America, Inc. (US), Sany Group (China), Komatsu Ltd (Japan), BYD Motors, Inc. (China), Deere & Company (US), to name a few.
The global dump truck market is segmented into classes as follows:
The rear, side segment the global dump truck market, and roll-off dump trucks based on types.
The global dump truck market is segmented by internal combustion (IC) engine and electric based on power trains.
Based on loading capacity, the global dump truck market is segmented into below 25MT, 25MT to 50MT, 50MT to 150MT, and above 150MT.
Based on applications, the global dump truck market is segmented into mining, construction agriculture, and others.
The dump truck market has gained global adoption due to a rise in construction & mining activities, demands for better trucks, and rapid expansion of the construction industry. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for the global dump truck market. The Asia Pacific region is currently leading the market due to rapid expansion of construction & mining activities, demands for advanced technologies, increasing research & development activities, presence of remote and difficult terrains, and other factors. The North American region will register the fastest growth rates due to the increase in construction activities, heavy usage in farming activities, and other factors.
The global dump truck markets have grown significantly due to a rise in mining activities and demands for heavy-duty trucks in remote locations. The construction and load capacity above 150MT segments will be the largest markets during this tenure. The Asia Pacific region is the largest market, and the North American region will deliver the fastest growth during the survey period.
Key Questions Addressed by the Report
- What was the historic market size (2020)?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate by 2025?
- How are the key players in this market?
- What are the strategies adopted by key players?
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TABLE OF CONTENT
Table Of Contents
- Executive Summary
- Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
- Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Suppliers
3.1.3. Threat Of Substitutes
3.1.4. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
- Market Dynamics
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Technology Trends
- Global Dump Truck Market, By Type
5.2.1. Market Estimates & Forecast, 2020–2025
5.2.2. Market Estimates & Forecast, By Region, 2020–2025
5.3.1. Market Estimates & Forecast, 2020–2025
5.3.2. Market Estimates & Forecast, By Region, 2020–2025
5.4.1. Market Estimates & Forecast, 2020–2025
5.4.2. Market Estimates & Forecast, By Region, 2020–2025
- Global Dump Truck Market, By Propulsion
List Of Tables
Table 1 Global Dump Truck Market, By Region, 2020–2025
Table 2 North America: Dump Truck Market, By Country, 2020–2025
Table 3 Europe: Dump Truck Market, By Country, 2020–2025
Table 4 Asia-Pacific: Dump Truck Market, By Country, 2020–2025
Table 5 RoW: Dump Truck Market, By Region, 2020–2025
Table 6 Global Dump Truck Type Market, By Region, 2020–2025
Table 7 North America: Dump Truck Type Market, By Country, 2020–2025
Table 8 Europe: Dump Truck Type Market, By Country, 2020–2025
Table 9 Asia-Pacific: Dump Truck Type Market, By Country, 2020–2025
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