The Global Rigid Dump Truck Market size is projected to grow at a CAGR of 4% during the forecast period. The industry has been witnessing rapid growth owing to increasing demand from mining and construction industries. In addition, factors such as low fuel costs and a growing population are also driving the growth of this industry globally.
A Rigid Dump Truck is a truck used for transporting loose material (such as sand, gravel, or dirt) to various construction sites. It can be either an integral dump truck with the body and cab integrated into one unit or a standard truck where there is a separate chassis carrying a load body that has been fitted out by specialist manufacturers. These trucks are known popularly as “dump trucks” domestically and internationally.
On the basis of Types, the market is segmented into Human Driver and Autonomous.
The human driver rigid dump truck market has seen significant changes over the last decade due to profound advancements in autonomous technologies such as LIDARs, Radar Sensors, and Satellite Radio Systems among others which offer improved safety measures along with efficient driving features. Recently developed sensors have helped further improve the efficiency of these trucks by allowing them to operate in several conditions such as at night, in bad weather, and even when visibility is low.
An autonomous Rigid Dump Truck is a type of dump truck that can be operated without the use of an operator. The autonomous vehicle has also been called driverless trucks, robotized or automated dump trucks and are capable of navigating themselves and removing the need for human operators in excavation works. Autonomous rigs have sensors like a GPS navigation system which enables them to calculate their position on the earth's surface with respect to the environment around them to help navigate through rough terrains accurately making decisions based on this information.
On the basis of Application, the market is segmented into Mining, Construction.
A rigid Dump Truck is used in mining to transport the mined material from one place to another. It is used for transporting mining materials such as coal, minerals, and ore. It can be used in open pits or underground mines.
A rigid Dump Truck is a type of dump truck that has the sole purpose to do the hauling, usually off-road. They are very powerful and their primary use comes from mining, construction, or other large-scale projects where haulage plays a major role in the success of that project. In Construction to these trucks play an important part because this industry heavily relies on manual labor to transport material around a site using Lorry Trucks and Rigid Dump Trucks for this purpose becomes a necessity as it increases efficiency also aiding those working who have to carry heavy materials around the site.
On the basis of Region, the market is segmented into North America, Latin America, Europe Asia Pacific, and Middle East & Africa. The North American market is expected to account for the largest market share during the forecast period. The growth of this region is primarily driven by factors such as increasing infrastructure spending, growing construction activities, and a rise in demand from the mining industry. Moreover, the development of advanced technology has led to a high penetration rate of dump trucks across North America.
However, Asia Pacific is anticipated to grow at a high CAGR due to rapidly growing economies coupled with rapid urbanization leading to higher investments in infrastructures sectors like road construction & upgrades. This factor will drive the demand for heavy-duty vehicles including dump truck over next few years which further boost up the productivity resulting into more profits generated.
The key driving factor for the growth of this market is the increasing demand from various application areas such as mining, construction, and others. Moreover, owing to the rise in global population, there is a rise in the need for infrastructures & buildings which again will create high demand for rigid dump trucks across the globe. Furthermore, the increase in the number of construction activities globally along with growing investments by the government in the development of infrastructures positively affected market growth over years 2021-2028.
Up Market Research published a new report titled “Rigid Dump Truck Sales Market research report which is segmented by Types (Human Driver, Autonomous), By Applications (Mining, Construction), By Players/Companies Caterpillar, Hitachi, Komatsu, Liebherr, Belaz, Volvo, Astra, Weichai, Volkswagen, Sinotruk, SANY, XCMG, DAIMLER, SIH”.
Report Attributes | Report Details |
Report Title | Rigid Dump Truck Sales Market Research Report |
By Type | Human Driver, Autonomous |
By Application | Mining, Construction |
By Companies | Caterpillar, Hitachi, Komatsu, Liebherr, Belaz, Volvo, Astra, Weichai, Volkswagen, Sinotruk, SANY, XCMG, DAIMLER, SIH |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 241 |
Number of Tables & Figures | 169 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Human Driver, Autonomous and By Application Mining, Construction.
Some of the companies that are profiled in this report are:
Rigid Dump Truck Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Rigid Dump Truck Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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