The Dump Trucks Global Market Report 2023 by The Business Research Company, provides dump trucks market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Dump Trucks Global Market Report 2023, the market size is expected to grow from $49.39 billion in 2022 to $54.5 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global dump trucks is expected to grow to $79.07 billion in 2027 at a CAGR of 9.7%.
The increase in government funding for substantial infrastructure is expected to drive the growth of the dump trucks market. There is an increase in government spending on roads, transport, defence, healthcare, and other infrastructures to foster economic growth. The infrastructure activities such as construction require dump trucks for loading and unloading the construction materials and wastes. In turn, it created a huge demand created for dump trucks in response to the increasing government funding for substantial infrastructure as they are widely employed in infrastructure construction.
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The dump trucks market is segmented:
1) By Type: Rear Dump Trucks, Side Dump Trucks, Roll-Off Dump Trucks
2) By Engine: Internal Combustion Engine (ICE), Electric Engine
3) By End User: Mining, Construction, Infrastructure, Military, Agriculture, Other End Users
Technological development is a key trend gaining popularity in the dump trucks market. The companies operating in the dump truck sector are focusing on the development of electric dump trucks with AC control and other capabilities to improve efficiency and productivity while reducing the cost of ownership and environmental impact. For instance, in June 2021, Xiangtan Electric Manufacturing Co Ltd (XEMC), a China-based company that manufactures and distributes mechanical and electrical products, successfully rolled off the world’s first 120-ton electric mining dump truck with AC drive and CATL batteries. This product will be utilized for transportation in open-pit mines, boosting the mining industry’s progress toward low-carbon, energy-efficient goods, and environmental protection. CATL batteries are large-capacity, ultra-safe lithium iron phosphate traction batteries offering high-power charging with high-voltage, fast charging technology for this dump truck.
Top Major Players
Hitachi Construction Machinery,
XCMG,
Komatsu Limited,
Sany,
Liebherr,
The dump trucks market report table of contents includes:
- Executive Summary
- Dump Trucks Market Characteristics
- Dump Trucks Market Trends And Strategies
- Dump Trucks Market – Macro Economic Scenario
- Dump Trucks Market Size And Growth
- Dump Trucks Market Segmentation
- Dump Trucks Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Dump Trucks Market
- Dump Trucks Market Future Outlook and Potential Analysis
- Appendix
List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Dump Trucks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Dump Trucks Market, Segmentation By Engine, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Dump Trucks Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
………..
Table 46: Hitachi Construction Machinery Financial Performance
Table 47: XCMG Financial Performance
Table 48: Komatsu Limited Financial Performance
Table 49: Sany Financial Performance
Table 50: Liebherr Financial Performance
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