Dump Trucks Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71596
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The dump trucks market share is expected to increase by USD 5.27 billion from 2021 to 2026, and the market’s growth momentum will decelerate at a CAGR of 6.48%.

This dump trucks market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers dump trucks market segmentation by type (rigid and articulated) and geography (APAC, North America, Europe, South America, and MEA). The dump trucks market report also offers information on several market vendors, including AB Volvo, AEBI Schmidt Holding AG, Bucher Industries AG, BYD Co. Ltd., China FAW Group Co. Ltd., China Heavy Vehicle Group Co.Ltd., Daimler AG, Dongfeng Motor Group Co. Ltd., Dover Corp., and Dulevo International Spa among others.

What will the Dump Trucks Market Size be During the Forecast Period?

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Dump Trucks Market: Key Drivers and Trends

The growth of transportation infrastructure is notably driving the dump trucks market growth, although factors such as impact of emission regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the dump trucks industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Dump Trucks Market Driver

One of the key factors driving growth in the dump trucks market is the growth of transportation infrastructure. The increasing urbanization has resulted in the generation of global demand for a better transportation system. As countries are developing various plans to meet this demand, the transport infrastructure sector is expected to grow significantly in the coming years, with major demand coming from countries such as India and China. The rise in the demand for transport infrastructure will create opportunities for the global dump trucks market as these machines are a basic requirement in completing any infrastructure projects. These machines are responsible for transporting various construction materials from one place to another.

This dump trucks market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Dump Trucks Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AB Volvo
  • AEBI Schmidt Holding AG
  • Bucher Industries AG
  • BYD Co. Ltd.
  • China FAW Group Co. Ltd.
  • China Heavy Vehicle Group Co.Ltd.
  • Daimler AG
  • Dongfeng Motor Group Co. Ltd.
  • Dover Corp.
  • Dulevo International Spa

 

This statistical study of the dump trucks market encompasses successful business strategies deployed by the key vendors. The dump trucks market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The dump trucks market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Dump Trucks Market?

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36% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for dump trucks in APAC. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.

The global construction sector will witness its major demand from countries such as India, Malaysia, and the Philippines, which are undergoing infrastructural development. This will facilitate the dump trucks market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Dump Trucks Market?

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The dump trucks market share growth by the rigid segment will be significant during the forecast period. In 2021, the rise in the development of smart cities worldwide will generate high demand for rigid dump trucks as these trucks are ideal for smooth road conditions and can transport heavy construction materials, such as aggregates and rocks, from quarries to construction sites. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the dump trucks market size and actionable market insights on post COVID-19 impact on each segment.

 

Dump Trucks Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 6.48%

Market growth 2022-2026

$ 5.27 billion

Market structure

Fragmented

YoY growth (%)

8.96

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 36%

Key consumer countries

China, US, Germany, Japan, and Russian Federation

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AB Volvo, AEBI Schmidt Holding AG, Bucher Industries AG, BYD Co. Ltd., China FAW Group Co. Ltd., China Heavy Vehicle Group Co.Ltd., Daimler AG, Dongfeng Motor Group Co. Ltd., Dover Corp., and Dulevo International Spa

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Dump Trucks Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive dump trucks market growth during the next five years
  • Precise estimation of the dump trucks market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the dump trucks industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of dump trucks market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Rigid - Market size and forecast 2021-2026
    • Articulated - Market size and forecast 2021-2026
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2021-2026
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AB Volvo
      • AEBI Schmidt Holding AG
      • Bucher Industries AG
      • BYD Co. Ltd.
      • China FAW Group Co. Ltd.
      • China Heavy Vehicle Group Co.Ltd.
      • Daimler AG
      • Dongfeng Motor Group Co. Ltd.
      • Dover Corp.
      • Dulevo International Spa

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The dump trucks market growth will increase by $5.27 billion during 2021-2026.
      The dump trucks market is expected to grow at a CAGR of 6.48% during 2021-2026.
      Technavio has segmented the dump trucks market by type (Rigid and Articulated) and geographic (APAC, North America, Europe, South America, and MEA).
      AB Volvo, AEBI Schmidt Holding AG, Bucher Industries AG, BYD Co. Ltd., China FAW Group Co. Ltd., China Heavy Vehicle Group Co.Ltd., Daimler AG, Dongfeng Motor Group Co. Ltd., Dover Corp., Dulevo International Spa are a few of the key vendors in the dump trucks market.
      APAC will register the highest growth rate of 36.24% among the other regions. Therefore, the dump trucks market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • US
      • Germany
      • Japan
      • Russian Federation
      The key factors driving the dump trucks market growth are:
      • Growth of transportation infrastructure
      The dump trucks market vendors should focus on grabbing business opportunities from the rigid segment as it accounted for the largest market share in the base year.
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