The future of the global dump truck market looks promising with opportunities in the construction, mining, and other segments. The global dump truck market is expected to grow with a CAGR of 8%-10% from 2021 to 2026. The major drivers for this market are increasing infrastructure investments globally, growing construction industry, and introduction of AI and machine learning in dump trucks.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing infrastructure refurbishment activities, development of urban infrastructure, and integration of robotic systems.
A total of 130 figures / charts and 104 tables are provided in this more than 150 page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global dump trucks market report, please download the report brochure.
The study includes trends and forecast for the global dump truck market by type, engine type, end use, and region, as follows:
By Type [Value ($ Million) from 2015 to 2026]:
By Engine Type [Value ($ Million) from 2015 to 2026]:
Internal Combustion Engine
By End Use [Value ($ Million) from 2015 to 2026]:
By Region [Value ($ Million) from 2015 to 2026]:
Some of the Dump trucks companies profiled in this report include Hitachi Construction Equipment, Volvo Group, Komatsu Ltd., Caterpillar, XCMG Group, Doosan Corporation, Deere & Company, Liebherr Group.
Lucintel forecasts that rear dump trucks will remain the largest segment, and they are also expected to witness the highest growth over the forecast period due to their design of articulated chassis and ease of maneuverability. Also, these vehicles have rigid tires that make them suitable for use in hauling of different types of materials, especially at construction sites.
Within the global dump truck market, the construction segment is expected to witness the highest growth over the forecast period due to rising infrastructure transformation projects to address the increasing needs of urban and rural population across the globe and growing investments in the real estate sector, coupled with focus on public infrastructure.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to the emergence of several landscaping and construction projects in Southeast Asian countries. The landscaping operations require mass transportation and distribution of different materials performed by these trucks, save time as compared to the low-capacity models.