June 18, 2024

Dump Trucks Market Size to CrUSD 125.63 Billion By 2033

The global dump trucks market size accounted for US$ 54.30 billion in 2023 and is projected to reach around USD 125.63 billion by 2033, growing at a CAGR of 8.80% from 2024 to 2033.

Key Takeaways

  • Asia Pacific dominated the market with a market share of 71% in 2023.
  • North America is expected to be the fastest-growing region in the dump trucks market during the forecast period.
  • By type, the articulated segment dominated the dump trucks market in 2023.
  • By type, the rigid segment is expected to grow at the fastest CAGR during the forecast period.
  • By end-user, the construction segment held the dominating share of the market in 2023.
  • By end-user, the mining industry segment is expected to grow at the fastest CAGR during the forecast period.

Dump Trucks Market Size 2024 To 2033

Report Summary

The global dump trucks market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the dump trucks market across the globe.

A comprehensive estimate on the dump trucks market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of dump trucks during the forecast period. Price point comparison by region with global average price is also considered in the study.

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Dump Trucks Market Scope

Report CoverageDetails
Growth Rate from 2024 to 2033CAGR of 8.80%
Global Market Size in 2023USD 54.30 Billion
Global Market Size by 2033USD 125.63 Billion
Asia Pacific Market Size in 2023USD 38.55 Billion
Asia Pacific Market Size by 2033USD 90.02 Billion
Base Year2023
Forecast Period2024 to 2033
Segments CoveredBy Type and By End-User
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized dump trucks market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

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Market Players

The report includes the profiles of key dump trucks market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Recent Developments

  • In December 2023, Propel Industries Private Limited market players in the screening and crushing equipment sector launched two variants of the EV dump trucks, 470 MEV and 470 HEV, with weights of 45 and 60, respectively, at EXCON 2023.
  • In April 2023, Caterpillar revealed its new VisionLink. The cloud-based, customer-facing platform boasts features that allow customers to access information about their products and also schedule tasks for the workforce.
  • In May 2023, Hitachi Construction & Machinery formed a business alliance agreement with the Japanese IoT startup Aptpod.

Dump Trucks Market Companies

  • Volvo Group (Sweden)
  • BYD Company Limited (China)
  • Daimler AG (Germany)
  • Hitachi Construction Machinery Co. Ltd (Japan)
  • Caterpillar Inc. (US)
  • Bell Trucks America Inc. (South Africa)
  • Deere & Company (US)
  • Doosan Corporation (South Korea)
  • FAW Group Corporation (China)
  • Curry Supply (US)

Segments Covered in the Report

By Type

  • Articulated Dump Trucks
  • Rigid Dump Trucks

By End-User

  • Construction
  • Mining
  • Agriculture
  • Waste Management

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Dump Trucks Market 

5.1. COVID-19 Landscape: Dump Trucks Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Dump Trucks Market, By Type

8.1. Dump Trucks Market Revenue and Volume, by Type, 2024-2033

8.1.1. Articulated Dump Trucks

8.1.1.1. Market Revenue and Volume Forecast (2021-2033)

8.1.2. Rigid Dump Trucks

8.1.2.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 9. Global Dump Trucks Market, By End-User

9.1. Dump Trucks Market Revenue and Volume, by End-User, 2024-2033

9.1.1. Construction

9.1.1.1. Market Revenue and Volume Forecast (2021-2033)

9.1.2. Mining

9.1.2.1. Market Revenue and Volume Forecast (2021-2033)

9.1.3. Agriculture

9.1.3.1. Market Revenue and Volume Forecast (2021-2033)

9.1.4. Waste Management

9.1.4.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 10. Global Dump Trucks Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.1.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.1.3.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.1.4.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.2.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.2.3.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.2.4.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.2.5.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.2.6.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.3.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.3.3.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.3.4.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.3.5.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.3.6.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.4.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.4.3.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.4.4.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.4.5.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.4.6.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.5.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.5.3.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, by Type (2021-2033)

10.5.4.2. Market Revenue and Volume Forecast, by End-User (2021-2033)

Chapter 11. Company Profiles

11.1. Volvo Group (Sweden)

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. BYD Company Limited (China)

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Daimler AG (Germany)

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Hitachi Construction Machinery Co. Ltd (Japan)

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Caterpillar Inc. (US)

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Bell Trucks America Inc. (South Africa)

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Deere & Company (US)

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Doosan Corporation (South Korea)

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. FAW Group Corporation (China)

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Curry Supply (US)

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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