PUBLISHER: The Business Research Company | PRODUCT CODE: 1695175
PUBLISHER: The Business Research Company | PRODUCT CODE: 1695175
Tipper pads are robust blocks made of heavy-duty rubber designed to protect the chassis of tipper trucks from the impact of heavy and repetitive loads. These pads are engineered to endure substantial weight, safeguard the vehicle's bodywork, and prevent damage to surfaces when the hydraulically operated dump bodies are raised for unloading.
The primary types of tipper pads include those with steel bases, aluminum bases, and alloy bases. A steel base, in particular, functions as a rubbing pad on the chassis of tipping bodies to minimize wear and tear. Tipper pads are distributed through various sales channels, including original equipment manufacturers (OEM) and the aftermarket, catering to a range of end-users such as those in construction, mining, waste management, marine services, and other relevant industries.
The tipper pads market research report is one of a series of new reports from The Business Research Company that provides tipper pads market statistics, including the tipper pads industry global market size, regional shares, competitors with a tipper pads market share, detailed tipper pads market segments, market trends and opportunities, and any further data you may need to thrive in the tipper pads industry. This tipper pads 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 tipper pads market size has grown steadily in recent years. It will grow from $4.34 billion in 2024 to $4.52 billion in 2025 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to growth in construction and infrastructure, expansion in mining activities, growth in agriculture and agribusiness, global economic growth, focus on waste management.
The tipper pads market size is expected to see steady growth in the next few years. It will grow to $5.4 billion in 2029 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to global initiatives for green transportation, evolving emission standards, rise in mining exploration, e-commerce growth and last-mile delivery, emphasis on durability and longevity. Major trends in the forecast period include innovations in design, integration of smart technologies, environmentally friendly solutions, smart and connected tipper systems, advanced material technologies.
The surge in demand for dump trucks is projected to significantly boost the expansion of the tipper pad market moving forward. These heavy-duty vehicles are vital for transporting loose materials such as gravel, rocks, and debris, necessitating protective components such as tipper pads to uphold and extend the operational longevity of truck beds. Notably, data from the Federal Reserve Board in August 2023 highlights a substantial rise in US truck industrial production, escalating from 8.64 million units in Q4 of 2022 to 10.11 million units in July 2023. Hence, the escalating demand for dump trucks is poised to steer the growth of the tipper pad market.
The rising investments in infrastructure development are anticipated to fuel the growth of the tipped pads market in the coming years. Infrastructure investments involve allocating resources to create and maintain vital physical structures and systems that facilitate economic activities. Tipped pads play a crucial role in infrastructure projects by safeguarding the chassis of tipper or dump trucks, which are commonly used in the construction sector to transport materials like sand, gravel, and concrete. For example, in July 2024, the Office for National Statistics, a UK-based organization, reported that total infrastructure investment in the market sector reached £13.8 billion ($17.97 billion) in 2023, reflecting a 3.9% increase from 2022. Consequently, the growth in infrastructure investment is driving demand for tipped pads.
Major companies in the tipper pad market are concentrating on developing brake pads equipped with a patented pad retention system to enhance safety, decrease maintenance time, and improve overall performance in heavy-duty applications. The pad retention system is a specialized mechanism designed to securely hold brake pads within the brake assembly, preventing any unwanted movement or dislodgement. For example, in February 2024, Webb Inc., a US-based company, introduced UltraGrip air disc brake pads, which incorporate a unique retention system. All UltraGrip pads are Level N Copper-Free Certified, aligning with environmental regulations aimed at reducing copper emissions. Additionally, they meet or exceed the ECE R90 and FMVSS-121 standards, ensuring compliance with rigorous safety and performance requirements.
In April 2022, Wheel Pros, LLC, a United States-based automotive aftermarket equipment firm, successfully acquired TeraFlex Inc. The specific financial details of this acquisition remain undisclosed. This strategic move by Wheel Pros aims to diversify its portfolio by incorporating TeraFlex Inc. into its assets. Through this acquisition, Wheel Pros is poised to expand its array of suspension and performance shock products, providing a broader range of aftermarket vehicle enhancements to automotive enthusiasts. Notably, TeraFlex Inc., a US-based automotive component manufacturing company, specializes in producing truck tipper pads, including bump-stop strike pads and wear pads, further complementing the diversified product offerings under Wheel Pros' umbrella.
Major companies operating in the tipper pads market report are Mahle GmbH, Terex Corporation, Schmitz Cargobull AG, SAF-HOLLAND S.A, Hiab Ltd., Delphi Automotive, SDC Trailers Ltd., MaxiTRANS Industries Limited, Fontaine Fifth Wheel, Polymax Ltd., Tiger Trailers, Albert Jagger Ltd., Dennison Trailers Ltd., John Adams Supplies, Commercial Body Fittings Ltd., Fruehauf Ltd., Rubber Co., Clifton Rubber Co. Ltd., Ronfell Group Limited, Provincial Rubber Ltd., National Plastics & Rubber Pty Ltd., Kel-Berg Trailers and Trucks Limited, MGF Site Solutions Ltd., BPW Bergische Achsen KG, ThompsonseParts Ltd., Pyken Industries, Slip Not Co Uk, Ajanta Auto Industries Pvt Ltd., Supreme Rubber Industries, Griffith J Roberts Component Sales Ltd
Asia-Pacific was the largest region in the tipper pad market in 2024. The regions covered in the tipper pads market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the tipper pads market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The tipper pad market consists of sales of rubber tipper pads, composite tipper pads, tipper mounting pads, and tailgate seals. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
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.
Tipper Pads Global Market Report 2025 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 tipper pads 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 tipper pads ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The tipper pads 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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.