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Global Dump Trucks Market Report, Size, Share, Trends, Analysis and Forecast to 2028

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According to Stratistics MRC, the Global Dump trucks Market is accounted for $8.85 billion in 2022 and is expected to reach $15.94 billion by 2028 growing at a CAGR of 10.3% during the forecast period.

Dump trucks are dumpers that transport materials like gravel, sand, and iron ore from one location to another. Dump trucks are commonly used to dump material during construction projects. These trucks have an open box bed with a rim that lifts the open box bed, allowing the material to fall behind the truck at the desired location. Increased demand for metals, mining, and construction caused the dump truck market to expand. The use of an automated rim to lift the open box bed in these trucks has made it simple to drag the material down from the truck to the ground.

Due to their widespread use in transporting extracted materials and wastes from one location to another, dump trucks are in high demand in the mining industry. Manufacturers have created specialised mining trucks for operations in rough terrain, open cast mines, and so on. Mining companies are focusing on the deployment of low-emission and low-fuel-consuming machines in order to reduce carbon emissions in the mining sector. Such initiatives, combined with the need to recycle hazardous wastes, are driving the dump truck industry demand.

By geography, The North America region is expected to grow significantly and is anticipated to register the highest CAGR growth during the forecast period, due to sustaining investments and favourable government policies, a reduction in transportation costs to assist companies in lowering unit costs, the availability of essential mined commodities such as zinc, lead, and nickel, and sustaining investments in the region. Furthermore, several mines in Canada have been excavating and transporting oil sands for crude oil processing. As a result of such factors, the market is expected to witness a surge.

Some of the key players profiled in the Dump trucks Market include Hitachi Construction Machinery C. Ltd, Komatsu Ltd, Volvo Group, SANY Heavy Industry Co., Ltd, CNH Industrial, Doosan Corporation, Caterpillar Inc, FAW Group Corporation, Xuzhou Construction Machinery Group Co. Ltd, Curry Supply, Liebherr, BYD Company Limited, Bell Trucks America Inc., Daimler AG and Deere & Company.

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Types Covered:

  • Rear
  • Side
  • Roll Off
  • On-road Dump Trucks
  • Off-road Dump Trucks

Engine Types Covered:

  • Internal Combustion Engine
  • Electric Engine

Engine Capacities Covered:

  • 5L
  • 5L to 10L
  • More than 10L

End Users Covered:

  • Infrastructure
  • Mining
  • Construction
  • Agriculture
  • Military
  • Other End Users

 

Free Customization Offerings: 

All the customers of this report will be entitled to receive one of the following free customization options: 

  • Company Profiling 
  • Comprehensive profiling of additional market players (up to 3) 
  • SWOT Analysis of key players (up to 3) 
  • Regional Segmentation 
  • Market estimations, Forecasts and CAGR of any prominent country as per the client’s interest (Note: Depends on feasibility check) 
  • Competitive Benchmarking 
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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