Dump Truck Market Research Report - Global Forecast till 2027

Dump Truck Market Research Report: By Type (Rear, Side, Roll-Off), By Propulsion (ICE, Electric), By Capacity (Below 25 MT, 25-50 MT, 50-150 MT, Above 150 MT) and By Application (Mining, Construction, Agriculture Forestry, Others) - Forecast to 2030

ID: MRFR/AM/6842-HCR | August 2022 | Region: Global | 111 Pages         

Table of Contents

1. Executive Summary

2. Scope of the Report

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Definition

2.2.2. Research Objective

2.2.3. Assumptions

2.2.4. Limitations

2.3. Research Process

2.3.1. Primary Research

2.3.2. Secondary Research

2.4. Market Size Estimation

2.5. Forecast Model

3. Market Landscape

3.1. Porter’s Five Forces Analysis

3.1.1. Threat of New Entrants

3.1.2. Bargaining Power of Suppliers

3.1.3. Threat of Substitutes

3.1.4. Bargaining Power of Buyers

3.1.5. Rivalry

3.2. Value Chain/Supply Chain Analysis

4. Market Dynamics

4.1. Introduction

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Technology Trends

5. Global Dump Truck Market, by Type

5.1. Introduction

5.2. Rear

5.2.1. Market Estimates & Forecast, 2020-2027

5.2.2. Market Estimates & Forecast, by Region, 2020-2027

5.3. Side

5.3.1. Market Estimates & Forecast, 2020-2027

5.3.2. Market Estimates & Forecast, by Region, 2020-2027

5.4. Roll-Off

5.4.1. Market Estimates & Forecast, 2020-2027

5.4.2. Market Estimates & Forecast, by Region, 2020-2027

6. Global Dump Truck Market, by Propulsion

6.1. Introduction

6.2. ICE

6.2.1. Market Estimates & Forecast, 2020-2027

6.2.2. Market Estimates & Forecast, by Region, 2020-2027

6.3. Electric

6.3.1. Market Estimates & Forecast, 2020-2027

6.3.2. Market Estimates & Forecast, by Region, 2020-2027

7. Global Dump Truck Market, by Capacity

7.1. Introduction

7.2. Below 25 MT

7.2.1. Market Estimates & Forecast, 2020-2027

7.2.2. Market Estimates & Forecast, by Region, 2020-2027

7.3. 25–50 MT

7.3.1. Market Estimates & Forecast, 2020-2027

7.3.2. Market Estimates & Forecast, by Region, 2020-2027

7.4. 51–150 MT

7.4.1. Market Estimates & Forecast, 2020-2027

7.4.2. Market Estimates & Forecast, by Region, 2020-2027

7.5. Above 150 MT

7.5.1. Market Estimates & Forecast, 2020-2027

7.5.2. Market Estimates & Forecast, by Region, 2020-2027

8. Global Dump Truck Market, by Application

8.1. Introduction

8.2. Mining

8.2.1. Market Estimates & Forecast, 2020-2027

8.2.2. Market Estimates & Forecast, by Region, 2020-2027

8.3. Construction

8.3.1. Market Estimates & Forecast, 2020-2027

8.3.2. Market Estimates & Forecast, by Region, 2020-2027

8.4. Agriculture & Forestry

8.4.1. Market Estimates & Forecast, 2020-2027

8.4.2. Market Estimates & Forecast, by Region, 2020-2027

8.5. Others

8.5.1. Market Estimates & Forecast, 2020-2027

8.5.2. Market Estimates & Forecast, by Region, 2020-2027

9. Global Dump Truck Market, by Region

9.1. Introduction

9.2. North America

9.2.1. Market Estimates & Forecast, by Country, 2020-2027

9.2.2. Market Estimates & Forecast, by Type, 2020-2027

9.2.3. Market Estimates & Forecast, by Propulsion, 2020-2027

9.2.4. Market Estimates & Forecast, by Capacity, 2020-2027

9.2.5. Market Estimates & Forecast, by Application, 2020-2027

9.2.6. US

9.2.6.1. Market Estimates & Forecast, by Type, 2020-2027

9.2.6.2. Market Estimates & Forecast, by Propulsion, 2020-2027

9.2.6.3. Market Estimates & Forecast, by Capacity, 2020-2027

9.2.6.4. Market Estimates & Forecast, by Application, 2020-2027

9.2.7. Canada

9.2.7.1. Market Estimates & Forecast, by Type, 2020-2027

9.2.7.2. Market Estimates & Forecast, by Propulsion, 2020-2027

9.2.7.3. Market Estimates & Forecast, by Capacity, 2020-2027

9.2.7.4. Market Estimates & Forecast, by Application, 2020-2027

9.3. Europe

9.3.1. Market Estimates & Forecast, by Country, 2020-2027

9.3.2. Market Estimates & Forecast, by Type, 2020-2027

9.3.3. Market Estimates & Forecast, by Propulsion, 2020-2027

9.3.4. Market Estimates & Forecast, by Capacity, 2020-2027

9.3.5. Market Estimates & Forecast, by Application, 2020-2027

9.3.6. UK

9.3.6.1. Market Estimates & Forecast, by Type, 2020-2027

9.3.6.2. Market Estimates & Forecast, by Propulsion, 2020-2027

9.3.6.3. Market Estimates & Forecast, by Capacity, 2020-2027

9.3.6.4. Market Estimates & Forecast, by Application, 2020-2027

9.3.7. Germany

9.3.7.1. Market Estimates & Forecast, by Type, 2020-2027

9.3.7.2. Market Estimates & Forecast, by Propulsion, 2020-2027

9.3.7.3. Market Estimates & Forecast, by Capacity, 2020-2027

9.3.7.4. Market Estimates & Forecast, by Application, 2020-2027

9.3.8. France

9.3.8.1. Market Estimates & Forecast, by Type, 2020-2027

9.3.8.2. Market Estimates & Forecast, by Propulsion, 2020-2027

9.3.8.3. Market Estimates & Forecast, by Capacity, 2020-2027

9.3.8.4. Market Estimates & Forecast, by Application, 2020-2027

9.3.9. Italy

9.3.9.1. Market Estimates & Forecast, by Type, 2020-2027

9.3.9.2. Market Estimates & Forecast, by Propulsion, 2020-2027

9.3.9.3. Market Estimates & Forecast, by Capacity, 2020-2027

9.3.9.4. Market Estimates & Forecast, by Application, 2020-2027

9.3.10. Rest of Europe

9.3.10.1. Market Estimates & Forecast, by Type, 2020-2027

9.3.10.2. Market Estimates & Forecast, by Propulsion, 2020-2027

9.3.10.3. Market Estimates & Forecast, by Capacity, 2020-2027

9.3.10.4. Market Estimates & Forecast, by Application, 2020-2027

9.4. Asia-Pacific

9.4.1. Market Estimates & Forecast, by Country, 2020-2027

9.4.2. Market Estimates & Forecast, by Type, 2020-2027

9.4.3. Market Estimates & Forecast, by Propulsion, 2020-2027

9.4.4. Market Estimates & Forecast, by Capacity, 2020-2027

9.4.5. Market Estimates & Forecast, by Application, 2020-2027

9.4.6. China

9.4.6.1. Market Estimates & Forecast, by Type, 2020-2027

9.4.6.2. Market Estimates & Forecast, by Propulsion, 2020-2027

9.4.6.3. Market Estimates & Forecast, by Capacity, 2020-2027

9.4.6.4. Market Estimates & Forecast, by Application, 2020-2027

9.4.7. Japan

9.4.7.1. Market Estimates & Forecast, by Type, 2020-2027

9.4.7.2. Market Estimates & Forecast, by Propulsion, 2020-2027

9.4.7.3. Market Estimates & Forecast, by Capacity, 2020-2027

9.4.7.4. Market Estimates & Forecast, by Application, 2020-2027

9.4.8. India

9.4.8.1. Market Estimates & Forecast, by Type, 2020-2027

9.4.8.2. Market Estimates & Forecast, by Propulsion, 2020-2027

9.4.8.3. Market Estimates & Forecast, by Capacity, 2020-2027

9.4.8.4. Market Estimates & Forecast, by Application, 2020-2027

9.4.9. Rest of Asia-Pacific

9.4.9.1. Market Estimates & Forecast, by Type, 2020-2027

9.4.9.2. Market Estimates & Forecast, by Propulsion, 2020-2027

9.4.9.3. Market Estimates & Forecast, by Capacity, 2020-2027

9.4.9.4. Market Estimates & Forecast, by Application, 2020-2027

9.5. Rest of the World

9.5.1. Market Estimates & Forecast, by Region, 2020-2027

9.5.2. Market Estimates & Forecast, by Type, 2020-2027

9.5.3. Market Estimates & Forecast, by Propulsion, 2020-2027

9.5.4. Market Estimates & Forecast, by Capacity, 2020-2027

9.5.5. Market Estimates & Forecast, by Application, 2020-2027

9.5.6. Middle East & Africa

9.5.6.1. Market Estimates & Forecast, by Type, 2020-2027

9.5.6.2. Market Estimates & Forecast, by Propulsion, 2020-2027

9.5.6.3. Market Estimates & Forecast, by Capacity, 2020-2027

9.5.6.4. Market Estimates & Forecast, by Application, 2020-2027

9.5.7. Latin America

9.5.7.1. Market Estimates & Forecast, by Type, 2020-2027

9.5.7.2. Market Estimates & Forecast, by Propulsion, 2020-2027

9.5.7.3. Market Estimates & Forecast, by Capacity, 2020-2027

9.5.7.4. Market Estimates & Forecast, by Application, 2020-2027

10. Competitive Landscape

11. Company Profiles

11.1. AB Volvo

11.1.1. Company Overview

11.1.2. Products/Services Offered

11.1.3. Financial Overview

11.1.4. Key Developments

11.1.5. Key Strategies

11.1.6. SWOT Analysis

11.2. BYD Motors, Inc.

11.2.1. Company Overview

11.2.2. Products/Services Offered

11.2.3. Financial Overview

11.2.4. Key Developments

11.2.5. Key Strategies

11.2.6. SWOT Analysis

11.3. Daimler AG

11.3.1. Company Overview

11.3.2. Products/Services Offered

11.3.3. Financial Overview

11.3.4. Key Developments

11.3.5. Key Strategies

11.3.6. SWOT Analysis

11.4. Hitachi Construction Equipment

11.4.1. Company Overview

11.4.2. Products/Services Offered

11.4.3. Financial Overview

11.4.4. Key Developments

11.4.5. Key Strategies

11.4.6. SWOT Analysis

11.5. Caterpillar

11.5.1. Company Overview

11.5.2. Products/Services Offered

11.5.3. Financial Overview

11.5.4. Key Developments

11.5.5. Key Strategies

11.5.6. SWOT Analysis

11.6. Deere & Company

11.6.1. Company Overview

11.6.2. Products/Services Offered

11.6.3. Financial Overview

11.6.4. Key Developments

11.6.5. Key Strategies

11.6.6. SWOT Analysis

11.7. The Liebherr Group

11.7.1. Company Overview

11.7.2. Products/Services Offered

11.7.3. Financial Overview

11.7.4. Key Developments

11.7.5. Key Strategies

11.7.6. SWOT Analysis

11.8. Komatsu Ltd

11.8.1. Company Overview

11.8.2. Products/Services Offered

11.8.3. Financial Overview

11.8.4. Key Developments

11.8.5. Key Strategies

11.8.6. SWOT Analysis

11.9. Bell Trucks America, Inc.

11.9.1. Company Overview

11.9.2. Products/Services Offered

11.9.3. Financial Overview

11.9.4. Key Developments

11.9.5. Key Strategies

11.9.6. SWOT Analysis

11.10. CNH Industrial NV

11.10.1. Company Overview

11.10.2. Products/Services Offered

11.10.3. Financial Overview

11.10.4. Key Developments

11.10.5. Key Strategies

11.10.6. SWOT Analysis

11.11. Doosan Corporation

11.11.1. Company Overview

11.11.2. Products/Services Offered

11.11.3. Financial Overview

11.11.4. Key Developments

11.11.5. Key Strategies

11.11.6. SWOT Analysis

11.12. Sany Group

11.12.1. Company Overview

11.12.2. Products/Services Offered

11.12.3. Financial Overview

11.12.4. Key Developments

11.12.5. Key Strategies

11.12.6. SWOT Analysis

11.13. Terex Trucks

11.13.1. Company Overview

11.13.2. Products/Services Offered

11.13.3. Financial Overview

11.13.4. Key Developments

11.13.5. Key Strategies

11.13.6. SWOT Analysis

11.14. XCMG Group

11.14.1. Company Overview

11.14.2. Products/Services Offered

11.14.3. Financial Overview

11.14.4. Key Developments

11.14.5. Key Strategies

11.14.6. SWOT Analysis

11.15. China FAW Group Co. Ltd

11.15.1. Company Overview

11.15.2. Products/Services Offered

11.15.3. Financial Overview

11.15.4. Key Developments

11.15.5. Key Strategies

11.15.6. SWOT Analysis

 

List of Tables

Table 1 Global Dump Truck Market, by Region, 2020-2027

Table 2 North America: Dump Truck Market, by Country, 2020-2027

Table 3 Europe: Dump Truck Market, by Country, 2020-2027

Table 4 Asia-Pacific: Dump Truck Market, by Country, 2020-2027

Table 5 RoW: Dump Truck Market, by Region, 2020-2027

Table 6 Global Dump Truck Type Market, by Region, 2020-2027

Table 7 North America: Dump Truck Type Market, by Country, 2020-2027

Table 8 Europe: Dump Truck Type Market, by Country, 2020-2027

Table 9 Asia-Pacific: Dump Truck Type Market, by Country, 2020-2027

Table 10 RoW: Dump Truck Type Market, by Region, 2020-2027

Table 11 Global Dump Truck Propulsion Market, by Region, 2020-2027

Table 12 North America: Dump Truck Propulsion Market, by Country, 2020-2027

Table 13 Europe: Dump Truck Propulsion Market, by Country, 2020-2027

Table 14 Asia-Pacific: Dump Truck Propulsion Market, by Country, 2020-2027

Table 15 RoW: Dump Truck Propulsion Market, by Region, 2020-2027

Table 16 Global Dump Truck Capacity Market, by Region, 2020-2027

Table 17 North America: Dump Truck Capacity Market, by Country, 2020-2027

Table 18 Europe: Dump Truck Capacity Market, by Country, 2020-2027

Table 19 Asia-Pacific: Dump Truck Capacity Market, by Country, 2020-2027

Table 20 RoW: Dump Truck Capacity Market, by Region, 2020-2027

Table 21 Global Dump Truck Application Market, by Region, 2020-2027

Table 22 North America: Dump Truck Application Market, by Country, 2020-2027

Table 23 Europe: Dump Truck Application Market, by Country, 2020-2027

Table 24 Asia-Pacific: Dump Truck Application Market, by Country, 2020-2027

Table 25 RoW: Dump Truck Application Market, by Region, 2020-2027

Table 26 Global Dump Truck Type Market, 2020-2027

Table 27 Global Dump Truck Propulsion Market, 2020-2027

Table 28 Global Dump Truck Capacity Market, 2020-2027

Table 29 Global Dump Truck Application Market, 2020-2027

Table 30 North America: Dump Truck Type Market, 2020-2027

Table 31 North America: Dump Truck Propulsion Market, 2020-2027

Table 32 North America: Dump Truck Capacity Market, 2020-2027

Table 33 North America: Dump Truck Application Market, 2020-2027

Table 34 Europe: Dump Truck Type Market, 2020-2027

Table 35 Europe: Dump Truck Propulsion Market, 2020-2027

Table 36 Europe: Dump Truck Capacity Market, 2020-2027

Table 37 Europe: Dump Truck Application Market, 2020-2027

Table 38 Asia-Pacific: Dump Truck Type Market, 2020-2027

Table 39 Asia-Pacific: Dump Truck Propulsion Market, 2020-2027

Table 40 Asia-Pacific: Dump Truck Capacity Market, 2020-2027

Table 41 Asia-Pacific: Dump Truck Application Market, 2020-2027

Table 42 RoW: Dump Truck Type Market, 2020-2027

Table 43 RoW: Dump Truck Propulsion Market, 2020-2027

Table 44 RoW: Dump Truck Capacity Market, 2020-2027

Table 45 RoW: Dump Truck Application Market, 2020-2027

 

List of Figures

Figure 1 Research Process of MRFR

Figure 2 Top-Down and Bottom-Up Approaches

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter's Five Forces Analysis

Figure 7 Value Chain Analysis

Figure 8 Global Dump Truck Type Market Share, 2020 (%)

Figure 9 Global Dump Truck Type Market, 2020-2027 (USD Million)

Figure 10 Global Dump Truck Propulsion Market Share, 2020 (%)

Figure 11 Global Dump Truck Propulsion Market, 2020-2027 (USD Million)

Figure 12 Global Dump Truck Capacity Market Share, 2020 (%)

Figure 13 Global Dump Truck Capacity Market, 2020-2027 (USD Million)

Figure 14 Global Dump Truck Application Market Share, 2020 (%)

Figure 15 Global Dump Truck Application Market, 2020-2027 (USD Million)

Figure 16 Global Dump Truck Market Share, by Region, 2020 (%)

Figure 17 Global Dump Truck Market, by Region, 2020-2027 (USD Million)

Figure 18 North America: Dump Truck Market Share, 2020 (%)

Figure 19 North America: Dump Truck Market, by Country, 2020-2027 (USD Million)

Figure 20 Europe: Dump Truck Market Share, 2020 (%)

Figure 21 Europe: Dump Truck Market, by Country, 2020-2027 (USD Million)

Figure 22 Asia-Pacific: Dump Truck Market Share, 2020 (%)

Figure 23 Asia-Pacific: Dump Truck Market, by Country, 2020-2027 (USD Million)

Figure 24 RoW: Dump Truck Market Share, 2020 (%)

Figure 25 RoW: Dump Truck Market, by Region, 2020-2027 (USD Million)

Dump Truck Market

According to the latest research report, the global dump truck market size is predicted to cross USD 65 Billion by the end of 2025 at an expected CAGR of 6% during the forecast period.

Segmentation

By Type Rear Dump Trucks Bottom Dump Trucks Lube Trucks Tow Trucks Water Trucks Others
By Engine Capacity 5 Liter 5 L To 10 L More Than 10 Liter
By End Use Military Construction Infrastructure Mining Agriculture

Key Players

  • AB Volvo (Sweden)
  • BYD Motors Inc. (China)
  • Daimler AG (Germany)
  • Hitachi Construction Equipment (Japan)
  • Caterpillar (US)
  • Deere & Company (US)
  • The Liebherr Group (Switzerland)
  • Komatsu Ltd (Japan)
  • Bell Trucks America Inc. (US)
  • CNH Industrial NV (UK)
  • Doosan Corporation (South Korea)
  • Sany Group (China)
  • Terex Trucks (UK)
  • XCMG Group (China)
  • China FAW Group Co. Ltd (China)

Drivers

  • Government initiative
  • Developing commercial sectors globally
  • The demand for the rare earth elements across the globe
  • The mining and construction industries
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 Dump Truck Market overview


According to the latest research report, the global dump truck market size is predicted to cross USD 65 Billion by the end of 2025 at an expected CAGR of 6% during the forecast period.


Dump trucks are used for transporting dumps from construction sites. It is used for carrying sand, demolition wastage, gravel, and other materials. Common types of dump trucks used in the construction sites are off-road dump trucks, on-road dump trucks, rear dump trucks, and others. The combustion engines and electric engines which are used in these trucks are of different engine capacity.


The mining and construction industries are likely to drive the growth of the global market, every year about more than 55 Billion tons of earth removed for minerals, metals, biomass, and fossil energy with the help of these dump trucks hence the Hugh growth of the dump truck marker is assured during the forecast period.  Dump trucks dispense indispensable services for transporting minerals and debris, all over the world. The demand for the rare earth elements across the globe is likely to boost the demand for the market, along with that the investment of the government in the building of infrastructure and transportation are expected to boost the global market as well.


This report contains all the information on the global market growth and the market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global market and forecast to 2025 is also included in the report.


Covid 19 Analysis


The covid 189 impact has significantly affected the global market trends in the year 2021. The outbreak of the covid 19 in December 2019, the disease that has reached almost every country in the world and has been declared by the World Health Organization as a state of a public health emergency. It has brought many effects on the supply chain of the dump trucks due to the cancellations of the flights, bans on traveling, and quarantines. It not just created a slow down process of the supply but also volatile the stock market, fallen the confidence of the business and raise the panic among the population and created uncertainty about the future.


Market Dynamic


        Drivers



  • The global dump truck market value is predicted over USD 41,259.8 Million by the end of the year 2026 and it is expected to grow at 9.1% of CAGR during the forecast period, between 2019 to 2026. The market is expected to maintain an equilibrium phase during the forecast period due to the rise in the demand for dump trucks in the mining industries.

  • The use of dump trucks in the growing construction industries, the high growth of these construction industries offer the scope for the utilization of the dump trucks in these sectors. The demand for dump trucks in the end-use industries is the major factor contributing to the growth of the market.


        Opportunities



  • The government spending on the vehicles for the significant infrastructure and improvisation in the technical field is likely to boost the global dump truck market revenue. The construction industry is stretching at a remarkable pace due to the demand for infrastructure, industrialization, and the growing rate of urbanization across developing countries.

  • However, along with that the rise in the demand for housing projects is eventually creating a high demand for the transportation of the materials. The mining industries are largely dependent on dump trucks or the transportation of heavy materials from one place to another where locomotive transport is not considerable. These factors are the major contributor to the growth of the market.


        Restraints



  • The cost of maintaining dump trucks is relatively high which is the major restrain of the global market. Dump trucks are heavy-duty vehicles that eliminate more carbon and the fuel consumption of these trucks is also very high, these factors are hindering the growth of the market. There is a lack of skillful workers who can operate the dump trucks, along with that the limitation of the heavy automobiles are the major factors that can create hurdle in the growth of the global market outlook.


        Challenges



  • The market observes a major drawback such as the high investment required for the maintenance of the dump trucks as well as for the production of these trucks. However, the issues related to the maintenance of the dump trucks are considered as the major challenge for the growth of the global market.


Cumulative Growth Analysis


The global dump truck was valued approx USD 14 billion in the year 2018, with a growth rate of CAGR of 8% from 2019 to 2025. The global shipment of dump trucks is expected to reach over 8.5 thousand units by the end of 2025. The rapid development of the construction sector, as well as the upcoming housing projects, is the major factor contributing to the growth.


Value Chain Analysis


According to the reports, the global dump truck market is segmented on the basis of types, engine capacity, end-users, and regions. Based on type, the global market is segmented into a rear dump truck, bottom dump trucks, lube trucks, tow trucks, water trucks, and others. The bottom dump truck is expected to hold the largest market shares as compared to other types. The utility of these trucks in the construction and mining industries is the major factor. Based on the engine capacity, the market is segmented into 5L, 5L to 10L, and more than 10L. The segment of more than 10L is expected to hold the largest share in the market, due to its larger volume capacity which is widely used in heavy-duty applications.


Based on the end-users, the market is segmented into construction, mining, military, infrastructure, and agriculture. In the year 2018, the construction industry was appeared as the global leader due to the outstretch of the demand for dump trucks in the construction industries and the heavy investment in the development of the infrastructure are the key factor for the growth of the industry.


Segmentation Overview


The mining industry is predicted to exhibit the highest CAGR during the forecast period. The rise in the demand for metal in various industries is the key factor for the rise in the growth of the dump truck market.


By Application



  • Based on the application, the market is segmented into a rear dump truck, bottom dump trucks, lube trucks, tow trucks, water trucks, and others.


By end-users



  • Based on the propulsion types, the market is segmented into five types, construction, mining, military, infrastructure, and agriculture


Regional Analysis


The landscape of North America features several remote locations with restricted accessibility for the mining industry, hence this region is driven by its large construction and mining industries.


The construction industry of North America needs dump trucks for the fast and efficient removal of the debris and along with that the farmland of the country requires dump trucks for the removal of earth and produce transportation. These key factors are likely to boost the sale of dump trucks in these regions.


The Asia Pacific is expected to be the current largest regional market for dump trucks due to its largest construction and mining industry in the whole world. Along with that, the off-road projects are also adding fuel to the growth of dump truck market shares in this region.


Competitive landscape


The global dump truck market analysis the details provides by the major key players of the market. The capacities of the key players, developments in the capacity expansions, mergers with the manufacturers, plant turnarounds, and acquisitions.


Along with that, the report provides company financials, market potential, investment in research and developments, regional presence, revenue generated, strengths and weakness of the company, launch of new products, and others


Major Key Players



  • AB Volvo (Sweden)

  • BYD Motors, Inc. (China)

  • Daimler AG (Germany)

  • Hitachi Construction Equipment (Japan)

  • Caterpillar (US)

  • Deere & Company (US)

  • The Liebherr Group (Switzerland)

  • Komatsu Ltd (Japan)

  • Bell Trucks America, Inc. (US)

  • CNH Industrial NV (UK)

  • Doosan Corporation (South Korea)

  • Sany Group (China)

  • Terex Trucks (UK)

  • XCMG Group (China)

  • China FAW Group Co. Ltd (China)


Report Overview


The following report comprises of –



  • Market overview 

  • Covid 19 Analysis

  • Market Dynamic

  • Drivers

  • Opportunities

  • Restraints 

  • Challenges

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segmentation Overview 

  • By Application 

  • By End-Users

  • Regional Analysis

  • Competitive landscape


Recent Developments



  • Mack Defense and Phillips & Temro Industries (PTI) has announced their partnership strategies to prepare the US army M917A3 heavy Dump trucks (HDT) in Feb 2021, which will provide more efficiency and it will effectively work in cold weathers


By Type



  • Rear dump trucks

  • Bottom dump trucks

  • Lube trucks

  • Tow trucks

  • Water trucks

  • Others


By Engine Capacity



  • 5Liter

  • 5L to 10L

  • More than 10 Liter


By End Use



  • Military

  • Construction

  • Infrastructure

  • Mining

  • Agriculture


By Geography


North America



  • US

  • Canada

  • Mexico


Europe



  • UK

  • France

  • Sweden

  • Norway

  • Denmark

  • Netherlands

  • Rest of Europe


Asia-Pacific



  • China

  • Japan

  • South Korea

  • Singapore

  • India

  • Rest of Asia-Pacific


Rest of the World



  • UAE

  • Qatar

  • Saudi Arabia

  • South Africa

  • Rest of the World



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2025: USD 65 Billion
  • 2030 : Significant value
  •   CAGR   6% CAGR (2022-2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Technology, By Application, By Vehicle type, By EndMarket
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   AB Volvo (Sweden), BYD Motors, Inc. (China), Daimler AG (Germany), Hitachi Construction Equipment (Japan), Caterpillar (US), Deere & Company (US), The Liebherr Group (Switzerland), Komatsu Ltd (Japan), Bell Trucks America, Inc. (US), CNH Industrial NV (UK), Doosan Corporation (South Korea), Sany Group (China), Terex Trucks (UK), XCMG Group (China), China FAW Group Co. Ltd (China),
      Key Market Opportunities

  • Government initiative
  • Developing commercial sectors globally
  •   Key Market Drivers

  • The demand for the rare earth elements across the globe
  • The mining and construction industries


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    Frequently Asked Questions (FAQ) :

    The global dump truck market is poised to record a market value of USD 65 Billion by 2025.

    The global dump truck market is maturing at a whopping 6 % CAGR over the review period of 2020 to 2027.

    A few significant players of the global dump truck market are AB Volvo (Sweden), BYD Motors, Inc. (China), Daimler AG (Germany), Hitachi Construction Equipment (Japan), Caterpillar (US), Deere & Company (US), The Liebherr Group (Switzerland), Komatsu Ltd (Japan), Bell Trucks America, Inc. (US).