Tipper Trucks Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR44796
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The tipper trucks market has the potential to grow by USD 4 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 2.09%.

This tipper 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 market segmentation by application (construction, mining, and agriculture) and geography (APAC, North America, Europe, South America, and MEA). The tipper trucks market report also offers information on several market vendors, including AB Volvo, BELAZ-HOLDING, Caterpillar Inc., Daimler AG, Hinduja Group Ltd., Hitachi Construction Machinery Co. Ltd., Komatsu Ltd., MAN SE, Scania AB, and Tata Motors Ltd. among others.

What will the Tipper Trucks Market Size be in 2021?

Tipper-Trucks-Market-Market-Size-2020-2025

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Tipper Trucks Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rapid growth in the construction industry is notably driving the tipper trucks market growth, although factors such as shortage of skilled operators may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the tipper trucks market industry get your FREE report sample now.

  • Rapid growth in construction industry is a key driver boosting the tipper trucks market growth. The growth in the global construction industry fostered the growth of the global tipper trucks market over the last few years.
  • Owing to the implementation of the Energy Efficiency Directive (EED) formulated by the EC in 2012, Western Europe witnessed the renovation of public buildings, with the goal to achieve zero building emissions by 2020. This will drive the construction and renovation sector growth in Europe during the forecast period.
  • Government initiatives such as India's Make in India and China's BRI will continue to boost commercial construction and infrastructural development.
  • The flexibility and operational speed offered by tipper trucks for applications in the construction industry, especially for repeated material handling tasks, will foster the adoption of tipper trucks in the construction industry. 
  • The mining industry is growing significantly since the 2008 financial crisis due to the recovery of commodity prices and the cost-cutting measures adopted by mining companies.
  • China is one of the major contributors to the global mining industry in terms of revenue, which is a trend that will continue during the forecast period.
  • The focus on lithium and cobalt will provide new growth opportunities for the mining industry. Both lithium and cobalt are used to manufacture batteries for electric vehicles (EVs). Therefore, the rising demand for EVs has increased the need for lithium and cobalt.
  • The growth of the mining industry will lead to a significant increase in mining operations. This, in turn, will drive the growth of the global tipper trucks market during 2021-2025. 

This tipper 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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Tipper Trucks Market Vendors?

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

 

  • AB Volvo
  • BELAZ-HOLDING
  • Caterpillar Inc.
  • Daimler AG
  • Hinduja Group Ltd.
  • Hitachi Construction Machinery Co. Ltd.
  • Komatsu Ltd.
  • MAN SE
  • Scania AB
  • Tata Motors Ltd.

 

The tipper trucks market is fragmented and the vendors are deploying growth strategies such as focusing on mergers and acquisitions to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the tipper trucks market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Tipper Trucks Market?

Tipper-Trucks-Market-Market-Share-by-Region-2020-2025

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35% of the market’s growth will originate from North America during the forecast period. The US is the key market for tipper trucks market in North America. Market growth in this region will be slower than the growth of the market in the US and MEA.

The large-scale investments in infrastructure developments and construction activities will facilitate the tipper trucks market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Tipper Trucks Market?

Tipper-Trucks-Market-Market-Share-by-Application-2020-2025

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The tipper trucks market share growth by the construction segment will be significant during the forecast period. Tipper trucks are of great importance to the construction industry and they constitute the main part of any construction operation. These trucks are ideal for transporting loose construction materials such as dirt, excavated dirt, sand, or gravel safely and quickly from a construction job site to any location.

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

 

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What are the Key Factors Covered in this Tipper Trucks Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive tipper trucks market growth during the next five years
  • Precise estimation of the tipper trucks market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the tipper 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 tipper trucks market vendors

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Tipper Trucks Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2%

Market growth 2021-2025

$ 4 billion

Market structure

Fragmented

YoY growth (%)

0.93

Regional analysis

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

Performing market contribution

North America at 35%

Key consumer countries

US, China, Germany, India, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AB Volvo, BELAZ-HOLDING, Caterpillar Inc., Daimler AG, Hinduja Group Ltd., Hitachi Construction Machinery Co. Ltd., Komatsu Ltd., MAN SE, Scania AB, and Tata Motors Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for 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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    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 Application

    • Market segments
    • Comparison by Application
    • Construction - Market size and forecast 2020-2025
    • Mining - Market size and forecast 2020-2025
    • Agriculture - Market size and forecast 2020-2025
    • Market opportunity by Application

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • AB Volvo
    • BELAZ-HOLDING
    • Caterpillar Inc.
    • Daimler AG
    • Hinduja Group Ltd.
    • Hitachi Construction Machinery Co. Ltd.
    • Komatsu Ltd.
    • MAN SE
    • Scania AB
    • Tata Motors Ltd.

    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
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    The tipper trucks market growth will increase by $1703.08 million during 2019-2024.
    The tipper trucks market is expected to grow at a CAGR of 0.82% during 2019-2024.
    Technavio has segmented the tipper trucks market by application (Construction, Mining, and Agriculture) and geographic (APAC, North America, Europe, South America, and MEA).
    AB Volvo, Ashok Leyland Ltd., Caterpillar Inc., Daimler AG, Hitachi Construction Machinery Co. Ltd., Komatsu Ltd., MAN SE, OJSC BELAZ, Scania AB, Tata Motors Ltd. are a few of the key vendors in the tipper trucks market.
    APAC will register the highest growth rate of 60.88% among the other regions. Therefore, the tipper trucks market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • US
    • China
    • Germany
    • India
    • UK
    • Canada
    The key factors driving the tipper trucks market growth are:
    • Rapid growth in construction industry
    The tipper trucks market vendors should focus on grabbing business opportunities from the construction segment as it accounted for the largest market share in the base year.
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