Tipper trucks are widely used in industries such as construction, mining, and waste management for dumping applications. These trucks are also known as dump trucks. A standard dump/tipper truck comprises of a truck chassis and a dump body attached to the frame. These trucks are designed to carry and withstand heavy loads of sand, gravel etc. in various end-user industries. The rising infrastructure activities in developing countries and stringent government regulations related to efficient waste management are some of the factors that are anticipated to fuel the growth of tipper truck market during the forecast period of 2019 to 2028.
MARKET SCOPE
The "Global Tipper Truck Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the tipper truck market with detailed market segmentation by power, type, application, and geography. The report provides key statistics on the market status of the leading tipper truck market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on power, the global tipper truck market is segmented into less than 750 HP, 751 HP - 2000 HP, 2001 HP - 3500 HP and above 3500 HP.
- On the basis of type, the market is segmented into diesel/gasoline, hybrid, electric and others.
- Based on application, the global tipper truck market is segmented into construction, mining, waste management and others.
MARKET DYNAMICS
Drivers:
- The tipper truck market is anticipated to grow in the forecast period owing to the growing investments in infrastructure development in developing countries of Asia Pacific, Middle East, South America and Africa.
- The demand for tipper trucks is expected to grow due to positive growth outlook in industries such as construction, mining and waste management.
Restraints:
- High prices of tipper trucks and uncertainty in global oil prices could affect the growth of tipper truck market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The tipper truck market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the tipper truck market in these regions.
IMPACT OF COVID-19 ON TIPPER TRUCK MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the tipper truck market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from tipper truck market are anticipated to lucrative growth opportunities in the future with the rising demand for tipper truck in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the tipper truck market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BELAZ
- AB Volvo
- Caterpillar
- Daimler AG
- Deere and Company
- Hitachi Construction Machinery Co., Ltd.
- LARSEN and TOUBRO LIMITED
- Liebherr-International Deutschland GmbH
- MAN SE
- Tata Motors