Dump Truck Market Scope
A dump truck also known as tipper truck or lorry the rear platform of which can be raised at the front end to enable the load to be discharged by gravity. Dump trucks are used to transport lose materials such as gravel, stone chips and sand, lose rocks etc. The global dump truck market is expected to witness a high growth owing to rising demand for material transportation in mining industries across the world and rapid industrialization along with construction activities. However, lack of skilled truck operators and higher fuel prices are hampering the market growth.
The Dump Truck market study is segmented by Type (Rear Dump Trucks, Bottom Dump Trucks, Lube Trucks, Tow Trucks, Water Trucks and Others), by Application (Mining, Construction, Waste Management, Marine Services and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through innovation or development in the technology, expansions and acquisitions across the globe to avail competitive advantage through combined collaborations. The dump truck market comprises of large-scale international vendors. The manufacture of dump truck needs high initial investments, especially in R&D activities. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Dump Truck market throughout the predicted period.
BelAZ (Belarus), Caterpillar Inc. (United States), Hitachi Construction Machinery Co., Ltd. (United States), Komatsu Limited (Japan), Ashok Leyland Limited (India), BEML Ltd (India), Daimler AG (Germany), Deere & Company (United States), Tata Motors (India) and Volvo Trucks (Sweden) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Mack Trucks, Inc. (United States), MAN Truck & Bus AG (Germany) and Scania AB (Sweden).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Dump Truck market by Type, Application and Region.
On the basis of geography, the market of Dump Truck has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 31 July, 2018, BEML Limited and Heavy Engineering Corporation Limited (HEC) signed a MoU to meet the growing requirements of the mining industry.
Current truck size and weight standards are a blend of Federal and State regulations and laws. Federal law controls maximum gross vehicle weights and axle loads on the Interstate System. Federal limits are 80,000 pounds gross vehicle weight, 20,000 pounds on a single axle, and 34,000 pounds on a tandem axle group. There are also Federal standards for length and width on the National Network (NN). The NN comprises the Interstate and certain roadways designated by the States. There are no Federal vehicle height limits.
- Continuing Growth in Road Construction Across Major Developing Economies
- Rising Demand for Material Transportation in Mining Industries Across The World
- Rapid Industrialization Along With Construction Activities
- Increasing Demand From Emerging Economies
- Lack of Skilled Truck Operators
Key Target Audience
Manufacturers of Dump Truck, Suppliers of Dump Truck Parts, Automotive Industry, Construction Industry, Governmental Bodies, Truck Industry Related Associations and Organizations and Research Firms
Frequently asked questions:1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.2. How big is the Dump Truck Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.