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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.
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 -
The other prominent vendors in the market are Elecon Engineering Company Ltd, Flexicon, Frigate, SCHADE Lagertechnik, and TRF.
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.
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.
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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.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Appendix
Tags: conveyor belt, dumper truck, freight transport, supply chain solutions, transportation and logistics industry trends, warehouse and storage industry growth,
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