PUBLISHER: The Business Research Company | PRODUCT CODE: 1414130
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414130
“Construction Dumper Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on construction dumper market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for construction dumper? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The construction dumper market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A construction dumper, alternatively known as a dump truck or tipper truck, serves as a pivotal vehicle in construction and mining activities, facilitating the efficient transport of loose materials such as gravel, sand, dirt, and rocks. This type of vehicle plays a crucial role, particularly in the initial phases of a project when the site is being prepared for subsequent construction activities.
Two primary categories of construction dumpers include articulated dump trucks (ADTs) and rigid dump trucks, among others. Articulated dump trucks (ADTs) are robust off-road vehicles specifically engineered for applications in construction, mining, and quarrying industries. Their design allows them to navigate challenging terrains, making them well-suited for hauling materials over rough landscapes. These vehicles are powered by either internal combustion engines or electric engines, utilizing fuels such as gasoline, diesel, or compressed natural gas (CNG). Articulated dump trucks find extensive use in various sectors, including construction, mining, and other related industries.
The construction dumper market research report is one of a series of new reports from The Business Research Company that provides construction dumper market statistics, including construction dumper industry global market size, regional shares, competitors with a construction dumper market share, detailed construction dumper market segments, market trends and opportunities, and any further data you may need to thrive in the construction dumper industry. This construction dumper market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The construction dumper market size has grown strongly in recent years. It will grow from $22.13 billion in 2023 to $23.56 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%.The expansion observed during the historical period can be attributed to several factors, including robust infrastructure development, increasing urbanization trends, heightened construction and mining activities, a focus on efficiency and productivity enhancements, a surge in residential construction, and the influence of environmental regulations shaping industry dynamics. These contributing elements collectively propelled growth and development within the specified timeframe.
The construction dumper market size is expected to see strong growth in the next few years. It will grow to $29.37 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The anticipated growth in the forecast period can be ascribed to several key factors, including the adoption of smart construction practices, increased focus on renewable energy projects, the implementation of remote operation and automation in construction processes, a surge in e-commerce leading to warehouse construction, and the construction sector's resilience post-pandemic. Noteworthy trends expected in this period encompass the electrification and hybridization of construction equipment, the integration of advanced telematics and connectivity solutions, the emergence of autonomous and remote-controlled dumpers, the promotion of modular and customizable design approaches, and the rising popularity of rental services within the industry. These trends collectively contribute to the projected growth and evolution of the construction sector in the upcoming forecast period.
The anticipated surge in construction activity is poised to be a key driver for the growth of the construction dumper market in the foreseeable future. This upswing in construction activity signifies an increased demand for construction materials, equipment, and services, subsequently fostering growth in related sectors such as manufacturing, transportation, and engineering. The escalation in construction endeavors results in a higher number of construction sites and projects, thereby amplifying the demand for dumpers. Dumpers play a pivotal role in the transportation and unloading of materials such as sand, gravel, and debris on construction sites. For instance, in 2021, Fails Management Institute (FMI) Corporation reported a 6% growth in commercial construction activities, amounting to a $92 billion investment.
The growing appetite for smart city infrastructure is anticipated to be a driving force behind the expansion of the construction dumper market in the coming years. Smart city infrastructure involves the integration of advanced technological systems and services aimed at enhancing efficiency, sustainability, and overall quality of life in urban areas. Construction dumpers are integral to smart city projects, facilitating efficient waste management and the transportation of materials. This is particularly valuable in urban spaces, where dumpers can navigate effectively and transport bulk materials. Notably, the IMD Smart City Index Report of 2023 highlights a nearly 20% increase in smart city coverage, bringing the total number of smart cities to 141. Consequently, the escalating demand for smart city infrastructure is fueling the growth of the construction dumper market.
The construction dumper market is witnessing a notable trend towards product innovation, with companies actively introducing new offerings to maintain and strengthen their market standing. A case in point is the introduction of the 3.5MDX cabbed site dumper by Mecalac, a UK-based innovative construction equipment company. Launched in May 2021, the 3.5MDX features a Stage V-compliant Kubota D1803 1.8L turbocharged 3-cylinder diesel engine, generating 50hp (37kW) at 2700rpm and 150.5Nm at 1600rpm. Boasting permanent hydrostatic four-wheel drive and high and low-range gearing for forward and reverse, the 3.5MDX empowers operators to efficiently transport loads even in challenging site conditions, thanks to its torque-on-demand capability.
Major players in the construction dumper market are channeling efforts into developing advanced construction machinery. This category encompasses highly sophisticated equipment incorporating cutting-edge technology and innovations to optimize efficiency, precision, and productivity in construction projects. A case in point is the DT6 revolutionary dumper launched by Hydrema, a Denmark-based manufacturer of construction machinery, in August 2023. The DT6 stands out as the construction industry's first emission-free 6-ton dumper, featuring a state-of-the-art 96V ZF eTrac electric power system. This technological leap eliminates harmful emissions, enhances air quality at construction sites, and significantly reduces noise levels compared to traditional diesel counterparts.
In July 2021, Volkswagen's Traton SE, a prominent German automotive entity, concluded the acquisition of Navistar International Corporation for an aggregate sum of $3.7 billion. This transaction serves to extend Navistar's geographical footprint and fortify its standing in North American markets. The acquisition is designed to amplify Navistar's expertise and resource pool, positioning it for heightened competitiveness. Additionally, the diversified range of commercial vehicles resulting from this collaboration will afford customers an expanded array of choices.
Major companies operating in the construction dumper market report are Volvo AB, Caterpillar Inc., Joseph Cyril Bamford Excavators Limited, Komatsu Ltd., Hitachi Ltd., Mercedes-Benz, Ashok Leyland Ltd., CNH Industrial N.V., Deere & Company, Bobcat Company, Podemcrane AD, Parker Pen Company, Optimas GmbH, Atlas Copco Group, AMW Motors Limited, Bharat Earth Movers Limited, Asia Motor Works Ltd., HD Hyundai Infracore Co. Ltd., Liebherr Group, Sany Heavy Industry Co. Ltd., Terex Corporation, Xuzhou Construction Machinery Group Co. Ltd., Zoomlion Heavy Industry Science & Technology Co. Ltd., Bell Equipment Limited, Daimler AG, Doosan Bobcat Inc., Guangxi Liugong Machinery Co. Ltd., Hidromek Inc., JLG Industries Inc., Kato Works Co. Ltd., Kobelco Construction Machinery Co. Ltd., Manitou Group, Oshkosh Corporation, Tadano Ltd.
Asia-Pacific was the largest region in the construction dumper market in 2023. The regions covered in the construction dumper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the construction dumper market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The construction dumper market includes revenues earned by providing services such as dump truck rental, hauling and transport services, and operator services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.