Title: Dump Truck Market trends research and projections for 2019- 2025
1Dump Truck Market Growth Analysis Future
Projection over 2019- 2025
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2- Dump Truck Market Scenario
- The rapid technological developments and the
introduction of autonomous features to
newly-developed machines are driving the dump
trucks market growth. Self-driving trucks are
beneficial for mining construction companies to
eliminate human errors occurring due to tiredness
and increased productivity at sites. - The industry is also witnessing a development of
less-polluting machines with engines based on
Tier 4 emission regulations that are adopted
across the globe. These machines are gaining a
high demand from application industries to reduce
pollution emissions levels and control carbon
levels. - Rigid models are gaining a high demand from
application industries due to their ability to
move at high speeds in both loaded unloaded
conditions, developing the dump trucks market.
These vehicles are ideal for well-balanced haul
roads and can be hauled across long distances as
compared to articulated models.
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- The growing construction of new structures
globally, such as skyscrapers, business
complexes, and smart cities, to serve the
increasing population needs is driving the dump
trucks market growth. The major applications of
these machines include transportation of loose
materials, such as dirt, gravel, and sand, for
construction operations, eliminating the need for
several small trucks. - The rapid expansion of the building
construction industry in Asian countries, such as
India, China, South Korea, Singapore, etc., due
to the robust manufacturing sector and high
population is a major driver for the dump trucks
market. - The demand for high-quality efficient
construction equipment is growing in order to
complete projects on time and eliminate the
harmful effects caused by emissions.
Additionally, the electric-based operational
capabilities in new trucks is a major factor for
the demand from contractors and construction
companies.
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5- The increasing recycling waste management
activities across all industry verticals in North
America are adding up to the tipper trucks market
growth. These machines are increasingly used in
recycling projects to transfer waste materials
from dumping grounds to factories. Moreover, the
availability of trained skilled drivers in the
U.S. is also a major factor supporting the dump
trucks market development. Due to high demand
from both construction mining applications in
the U.S., manufacturers from other regions are
entering the North America tipper trucks market.
- The prominent players in the dump trucks market
include Volvo Trucks, Caterpillar, Komatsu Ltd.,
XCMG Group, Hitachi Construction Equipment,
Doosan Group, Terex Trucks, Deere Company, and
Liebherr Group.
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