The Construction Dumper Market Analysis
Dumpers trucks are essential pieces of machinery designed to haul heavy loads of materials such as gravel or dirt. This construction equipment is highly adopted in mining, forestry & agriculture and construction sectors. However, there are two different kinds of construction dumpers trucks which include rigid and articulated. Articulated dump trucks provide greater flexibility by separating the cab and the body. However, rigid dump trucks may still prove more effective in certain working conditions and circumstances.
The global construction dumper industry was estimated at $16.8 billion in 2021, and is anticipated to hit $27 billion by 2031, registering a CAGR of 4.8% from 2022 to 2031.
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Major driving factors of the construction dumper market are extensive increase in investments by governments, majorly in developing countries on constructing new infrastructures such as roads, dams, tunnels, residential & commercial buildings, and other public infrastructures. Moreover, expansion of mining sector for extracting metals, coal and minerals are fueling the construction dumper market growth. However, cost of construction dumpers is slightly high which negatively impacts the market. In addition, lack of skilled & qualified operators and decrease in new construction activity are few factors that hinder the market growth. Moreover, introduction of technologically advanced equipment in mining sector is expected to provide future growth opportunities in the market.
Increase in infrastructure, residential, and commercial construction activities and surge in demand for tunnels, bridges, and highways drive the growth of the global construction dumper market. On the other hand, lack of skilled and qualified drivers impedes the growth to some extent. However, upsurge in government investments in several infrastructural projects has created lucrative opportunities in the industry.
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In 2021, Asia-Pacific dominated the global market and accounted for majority of construction dumper market share in terms of revenue. Moreover, the market in Asia-Pacific is growing with high CAGR, owing to urbanization, industrial & infrastructure development in countries such as China, India, and Japan. Moreover, favorable government investments to promote infrastructure construction such as roads, bridges, highways, and tunnels propel the market growth.
Top Players:
Hitachi, Ashok Leyland Ltd, Mercedes-Benz, Bobcat, Caterpillar, VOLVO, Atlas Copco, BEML Ltd., Podemcrane, Komatsu, JCB, CNH, Optimas GmbH, John Deere, Liebherr Group, Kenworth, Parker
Segmentation Based On:
By Application –
Construction
Others
Mining
By Fuel Type –
Gasoline
Diesel
CNG
By Region –
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Russia, Poland, Netherlands, Sweden, Rest Of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, Thailand, Indonesia, Vietnam, Rest Of Asia-Pacific)
LAMEA (Brazil, Argentina, Saudi Arabia, UAE, South Africa, Nigeria, Rest Of LAMEA)
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The report analyzes these key players in the global construction dumper market. These players have incorporated various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in assessing the operating segments, their business performance & product portfolio, and so on.
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