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

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	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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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