Overview of the global car dumpers market
Market research analysts at Technavio predict that the global car dumpers market will witness an impressive revenue of more than USD 4 billion by 2021. This market research analysis identifies the increased investment in infrastructure development as one of the primary growth factors for the global car dumpers market. The demand for car dumpers is mainly from the regions such as APAC and EMEA. Governments of countries such as China, India, Japan, Qatar, the UAE, and Nigeria are taking various initiatives to attract investors into the construction industry to improve the infrastructure. Moreover, the growth in population rates also leads to an increase in the demand for construction of residential buildings and infrastructure development such as roads, highways, sewage facilities, and transit systems. Rapid urbanization boosts the need for the development of cities to accommodate the growing population. This surge in residential and infrastructure development activities in the urban areas will propel the growth of construction materials, which will in turn, increase the demand for car dumpers.
Mining firms are concentrating on developing economies such as South Africa, South America, and India for exploration activities. Emerging economies consist of large mineral reserves which is a major factor leading to the shift of mining activities from developed countries to emerging economies. The substantial M&A activities in the mining and metal industry has induced greater capital and resource allocation for mining activities. This shift of mining operations to emerging economies will be a major trend gaining traction in the car dumpers market.
Competitive landscape and key vendors
The car dumpers market is fragmented with the presence of regional companies that account for the majority of the market shares. It has been observed that the improvement in products and product range offered are the focus of car dumper manufacturing companies. The large corporations are concentrating on M&A activities to strengthen their position in the market.
The leading vendors in the market are -
- FLSmidth
- Heyl & Patterson
- Metso
- ThyssenKrupp
The other prominent vendors in the market are Elecon Engineering Company Ltd, Flexicon, Frigate, SCHADE Lagertechnik, and TRF.
Segmentation by end-user and analysis of the car dumpers market
- Coal sector
- Non-metallic mineral sector
- Iron ore sector
During 2016, the coal industry segment accounted for the major shares of the forklifts trucks market. The increased demand from power and energy industry and the growing urbanization in many developing countries, drive the growth of the segment in the car dumpers market. Additionally, the demand from Southeast Asia will also boost the growth of this segment.
Geographical segmentation and analysis of the car dumpers market
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market throughout the forecast period. Factors such as the rising need for mined products from industries such as steel, construction, agriculture, and chemicals and the government investments in urban infrastructure projects across countries such as India, Indonesia, and Vietnam, will contribute to the growth of the car dumpers market in APAC. Moreover, the increased growth in the real estate segment in APAC that drive the demand for transportation of construction materials, will also propel the growth of the car dumpers market in this region.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global car dumpers market?
- What are the key market trends impacting the growth of the global car dumpers market?
- What are the challenges to market growth?
- Who are the key vendors in the global car dumpers market?
- What are the market opportunities and threats faced by the vendors in the global car dumpers market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global car dumpers market?
Technavio also offers customization on reports based on specific client requirement.
Car dumper or wagon tippler is a material handling equipment, which is used for unloading materials from railroad cars, gondolas, or lorries. This upcoming report by Technavio is a fundamental part of the transportation industry and offers an intricate study of the rapidly growing sectors like logistics and packaging. It is focused on helping clients gain a competitive edge over other market players and to gain actionable intelligence on the various segments of this industry.
To accurately forecast the transportation industry's growth prospects, our market research specialists follow a structured approach of quantitative and qualitative research techniques coupled with an analysis of multiple market factors, including advancements in technology and the forthcoming innovations in product and services across the globe. This upcoming report on the car dumpers market also considers the growth of related markets like automated guided vehicle (AGV) market and wrapping equipment market, which are expected to grow at a CAGR of more than 9% and above 6%, respectively until 2021. According to our research analysts, the increased investment in infrastructure development is expected propel the growth of the car dumper market in the coming years.
The upcoming industry research report on the car dumper market highlights the drivers, prospective trends, and the imminent challenges currently experienced by the warehouse and storage sector. Also, it presents a holistic overview of the markets for transportation and distribution and tags and labels.