The Dump Trucks Market size is expected to reach USD13.8 Bn by 2030 with a CAGR of 6.8%. The base value for dump truck market was recorded USD 8.19 Bn in 2022.
The dump trucks are basically commercial vehicle which helps several industries to carry out the on-site activities. When we mention on-site activities, the main activity includes carrying the raw materials from one site to another. It is considered the safest and the most efficient way of transporting the materials. There are two types of dump trucks haul trucks and articulated trucks. The use of the articulated dump is mostly done for the use of the pre-construction phases, as the cleaning of the land in terms of removing the big rocks, dirt can be done with the help of the articulated dumps. Whereas, the use of the dump trucks are done for carrying the inventories, from one place to another. Both types of dump trucks have their own advantages and their place to get the jobs done.
As we know the automotive industry is experiencing a great transformation in terms of technology, operation, pricing and so forth. If we primality focus on the operating and the functioning element, almost every automobile manufacturer is implementing the use of renewable energy sources which will help them to meet the goal of reducing the GHG emissions. The key players in this market have assured the increase in the production of commercial vehicles which will function on lithium ion-based batteries.
The market is experiencing a good curve as the rising demand for the dump trucks is driving the market. There are several factors which will contribute to the growth. The key players have stated the use of the dump trucks mostly helps them to reduce the efforts related to the transportation and the high expenses. There have been several investments and the strategic plans and programs aligned down the line which will help the market to attract good opportunities. The growth will be equivalent to the user's end and the investor's end. As we mentioned earlier technological advancement is shaping the automotive industry in to a more advanced field. That is equivalent to the Dump truck market as well, the companies are implementing the digitalization strategy to make the dump trucks more advanced. Digitalization will help the management to track the progress and will also add value to their operations.
Drivers:
The rising demand for the dump trucks.
The rise in the demand for commercial vehicles is on the urge mostly if we consider the post-pandemic phase. The key players have witnessed an increase in the demand and the increase in the net sales. The rise in the construction and the advancement in the infrastructure all around the develop and the emerging countries of the several regions can be considered as the driving factor. The need for the dump trucks for carrying out the on-site activities is high because of the fewer substitute products available. The major goal of any company within diversified industries is to improve the operations by adding the value. Dump trucks help in saving time and improving the quality of the work by providing efficient results.
Restrains :
The ongoing supply chain constraint.
Opportunity :
The rise in the commercializing plans by the governments and the private organizations.
The market is slowly attracting good opportunities as the growth of the market is aligned with the rising commercializing plans and programs. Almost every nation is taking the initiative in improving a sustainable and high-quality infrastructure regardless of the economic conditions. If we focus on some major elements like transportation the governments are taking the initiative for the betterment and creating green mobility and ecosystems. For instance, the US government will be investing around $110 billion for the improvement and repair of the roads and bridges and will support the transformational projects.
The rising coal mining projects can also be considered the great opportunity for the market to attract growth. For instance, According to the (International Energy Agency) IEA, there has been an increase in the focus of investment by the Australia, Russia and South Africa for the coal mining. The projects are more advanced and primarily focus on exports.
Challenge:
Fluctuations in the prices of the raw materials and unavailability of raw materials.
By Type
Articulated
Rigid
By End Use
Mining
Construction
Waste Management
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North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Regional Analysis
APAC is the region with the largest share. The key players have recorded the highest revenue especially from the developed countries like China, Japan and India. The rising government plans and programmes related to the mining and commercializing is creating opportunities for the market. Komatsu company has assured the rising demand for the commercial vehicles in the APAC region.
North America is the region which will be showing good growth because of the high demand of commercial vehicles in the developed counties of these regions. We will be providing the overall market values with the forecasted numbers in the final report.
The major key players are Caterpillar, Komatsu, AB Volvo, Terex trucks, Hitachi Construction & Machinery, Dheere & Company, KGHM Zanam SA, DUX machinery Corporation and others.
Caterpillar : The company disclosed the new VisionLink, the main features of this application is, it allows customers the information about their products, also schedules task the workforce.
Hitachi construction & machinery : The business alliance agreement between the Japanese IoT startup Aptpod and Hitachi construction & machinery.
The final report will have all the details related to the latest development of the key players for this particular market.
| Report Attributes | Details |
| Market Size in 2022 | US$ 8.19 Bn |
| Market Size by 2030 | US$ 13.8 Bn |
| CAGR | CAGR of 6.8 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Articulated, Rigid) • By End User (Mining, Construction, Waste Management, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Caterpillar, Komatsu, AB Volvo, Terex trucks, Hitachi Construction & Machinery, Dheere & Company, KGHM Zanam SA, DUX machinery Corporation |
| Key Drivers | • The rising demand for the dump trucks. |
| Market Restraints | • The ongoing supply chain constraint. |
Ans. The Compound Annual Growth rate for Dump Trucks Market over the forecast period is 5.8%.
Ans. USD 13.86 Billion is the projected Dump Trucks market size of market by 2030.
Ans. The major key players are Caterpillar, Komatsu, AB Volvo, Terex trucks, Hitachi Construction & Machinery, Dheere & Company, KGHM Zanam SA, DUX machinery Corporation and others.
Ans. Asia Pacific is the fastest growing region of the Dump Trucks Market.
Ans. The key drivers are the rising demand for the dump trucks.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Dump Truck Market Segmentation, by Type
8.1 Articulated
8.2 Rigid
9. Dump Truck Market Segmentation, by End User
9.1 Mining
9.2 Construction
9.3 Waste Management
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Dump Truck Market by Country
10.2.2North America Dump Truck Market by Type
10.2.3 North America Dump Truck Market by End User
10.2.4 USA
10.2.4.1 USA Dump Truck Market by Type
10.2.4.2 USA Dump Truck Market by End User
10.2.5 Canada
10.2.5.1 Canada Dump Truck Market by Type
10.2.5.2 Canada Dump Truck Market by End User
10.2.6 Mexico
10.2.6.1 Mexico Dump Truck Market by Raw Technology
10.2.6.2 Mexico Dump Truck Market by End User
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Dump Truck Market by Country
10.3.1.2 Eastern Europe Dump Truck Market by Type
10.3.1.3 Eastern Europe Dump Truck Market by End User
10.3.1.4 Poland
10.3.1.4.1 Poland Dump Truck Market by Type
10.3.1.4.2 Poland Dump Truck Market by End User
10.3.1.5 Romania
10.3.1.5.1 Romania Dump Truck Market by Type
10.3.1.5.2 Romania Dump Truck Market by End User
10.3.1.6 Hungary
10.3.1.6.1 Hungary Dump Truck Market by Type
10.3.1.6.2 Hungary Dump Truck Market by End User
10.3.1.7 Turkey
10.3.1.7.1 Turkey Dump Truck Market by Type
10.3.1.7.2 Turkey Dump Truck Market by End User
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Dump Truck Market by Type
10.3.1.8.2 Rest of Eastern Europe Dump Truck Market by End User
10.3.2 Western Europe
10.3.2.1 Western Europe Dump Truck Market by Country
10.3.2.2 Western Europe Dump Truck Market by Type
10.3.2.3 Western Europe Dump Truck Market by End User
10.3.2.4 Germany
10.3.2.4.1 Germany Dump Truck Market by Type
10.3.2.4.2 Germany Dump Truck Market by End User
10.3.2.5 France
10.3.2.5.1 France Dump Truck Market by Type
10.3.2.5.2 France Dump Truck Market by End User
10.3.2.6 UK
10.3.2.6.1 UK Dump Truck Market by Type
10.3.2.6.2 UK Dump Truck Market by End User
10.3.2.7 Italy
10.3.2.7.1 Italy Dump Truck Market by Type
10.3.2.7.2 Italy Dump Truck Market by End User
10.3.2.8 Spain
10.3.2.8.1 Spain Dump Truck Market by Type
10.3.2.8.2 Spain Dump Truck Market by End User
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Dump Truck Market by Type
10.3.2.9.2 Netherlands Dump Truck Market by End User
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Dump Truck Market by Type
10.3.2.10.2 Switzerland Dump Truck Market by End User
10.3.2.11 Austria
10.3.2.11.1 Austria Dump Truck Market by Type
10.3.2.11.2 Austria Dump Truck Market by End User
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Dump Truck Market by Type
10.3.2.12.2 Rest of Western Europe Dump Truck Market by End User
10.4 Asia-Pacific
10.4.1 Asia Pacific Dump Truck Market by Country
10.4.2 Asia Pacific Dump Truck Market by Type
10.4.3 Asia Pacific Dump Truck Market by End User
10.4.4 China
10.4.4.1 China Dump Truck Market by Type
10.4.4.2 China Dump Truck Market by End User
10.4.5 India
10.4.5.1 India Dump Truck Market by Type
10.4.5.2 India Dump Truck Market by End User
10.4.6 Japan
10.4.6.1 Japan Dump Truck Market by Type
10.4.6.2 Japan Dump Truck Market by End User
10.4.7 South Korea
10.4.7.1 South Korea Dump Truck Market by Type
10.4.7.2 South Korea Dump Truck Market by End User
10.4.8 Vietnam
10.4.8.1 Vietnam Dump Truck Market by Type
10.4.8.2 Vietnam Dump Truck Market by End User
10.4.9 Singapore
10.4.9.1 Singapore Dump Truck Market by Type
10.4.9.2 Singapore Dump Truck Market by End User
10.4.10 Australia
10.4.10.1 Australia Dump Truck Market by Type
10.4.10.2 Australia Dump Truck Market by End User
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Dump Truck Market by Type
10.4.11.2 Rest of Asia-Pacific APAC Dump Truck Market by End User
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Dump Truck Market by Country
10.5.1.2 Middle East Dump Truck Market by Type
10.5.1.3 Middle East Dump Truck Market by End User
10.5.1.4 UAE
10.5.1.4.1 UAE Dump Truck Market by Type
10.5.1.4.2 UAE Dump Truck Market by End User
10.5.1.5 Egypt
10.5.1.5.1 Egypt Dump Truck Market by Type
10.5.1.5.2 Egypt Dump Truck Market by End User
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Dump Truck Market by Type
10.5.1.6.2 Saudi Arabia Dump Truck Market by End User
10.5.1.7 Qatar
10.5.1.7.1 Qatar Dump Truck Market by Type
10.5.1.7.2 Qatar Dump Truck Market by End User
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Dump Truck Market by Type
10.5.1.8.2 Rest of Middle East Dump Truck Market by End User
10.5.2 Africa
10.5.2.1 Africa Dump Truck Market by Country
10.5.2.2 Africa Dump Truck Market by Type
10.5.2.3 Africa Dump Truck Market by End User
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Dump Truck Market by Type
10.5.2.4.2 Nigeria Dump Truck Market by End User
10.5.2.5 South Africa
10.5.2.5.1 South Africa Dump Truck Market by Type
10.5.2.5.2 South Africa Dump Truck Market by End User
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Dump Truck Market by Type
10.5.2.6.2 Rest of Africa Dump Truck Market by End User
10.6 Latin America
10.6.1 Latin America Dump Truck Market by Country
10.6.2 Latin America Dump Truck Market by Type
10.6.3 Latin America Dump Truck Market by End User
10.6.4 Brazil
10.6.4.1 Brazil Dump Truck Market by Type
10.6.4.2 Brazil Africa Dump Truck Market by End User
10.6.5 Argentina
10.6.5.1 Argentina Dump Truck Market by Type
10.6.5.2 Argentina Dump Truck Market by End User
10.6.6 Colombia
10.6.6.1 Colombia Dump Truck Market by Type
10.6.6.2 Colombia Dump Truck Market by End User
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Dump Truck Market by Type
10.6.7.2 Rest of Latin America Dump Truck Market by End User
11 Company Profile
11.1 Caterpillar
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Komatsu
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 AB VOLVO
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Terex trucks
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Hitachi Construction & Machinery
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Dheere & Company
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 KGHM Zanam SA
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 DUX machinery Corporation
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Others
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
12. Competitive Landscape
12.1 Competitive Bench marking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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