Construction Dumper Market Analysis
Construction Dumper Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Construction dumpers find major applications in the transportation of loose materials such as gravel, sand, aggregates and other related materials and equipment. It consists of an open bed box at the back-end of the truck, with a hydraulic piston to lift the trailer or hauler for dumping the material at the required location. Several factors that include growth of infrastructure activities, growth of rental equipment industry, smart city infrastructure demands and the changing regulatory scenario for the emission standards are expected to fuel the industry growth through the forecast timeframe.
Growing infrastructure activities, specifically for residential and transportation, are anticipated to be the primary growth factor
According to Coherent Market Insights, the global construction market is expected to witness growth at over 3% CAGR over the forecast period, owing to high infrastructural developments taking place across the major economies, specifically that includes Middle East countries and emerging economies in the Asia Pacific such as India, Malaysia, and Indonesia. Moreover, proliferating smart city projects, government initiatives regarding the provision of residence to the middle and lower economic class population, and the requirement to enhance transport facilities to boost the trade avenues of the country are projected to present strong growth prospects for construction dumper market over the forecast period.
For instance, a white paper released by Government Technology under the name, “Evolution of Smart Cities and Connected Communities”, co-sponsored by the United Parcel Service (UPS) and the Consumer Technology Association, has reported the development of around 600 smart city projects in India and around 285 similar projects in China. Interest subsidies for first time home buyers in India, government initiatives to help build new residences on brownfield lands in the UK are a few of the instances supporting the development of the residential sector. This is a few of the many factors that will fuel the infrastructure demands which will, in turn, drive the construction dumper market.
Global Construction Dumper Market Taxonomy
On the basis of trucks, the global construction dumper market is classified into:
On the basis of transmission, the global construction dumper market is classified into:
On the basis of fuel type, the global construction dumper market is classified into:
On the basis of ownership type, the global construction dumper market is classified into:
On the basis of regions, the global construction dumper market is classified into:
Development of regulations to restrict the greenhouse gas (GHG) emissions are expected to drive the innovation in the heavy load vehicles
EU and U.S. among few other regions are taking substantial leaps to reduce the emission of pollutants and their impacts on the environment, in conjunction with the increased fuel economies. For instance, the Environmental protection Agency (EPA) and National Highway Traffic Safety Administration (NHTSA) in the U.S have introduced the requirement of reduction in emissions over the next few for heavy vehicle manufacturers. Similarly, the European Council (EC) has set certain fuel economy-related expectations to be met in the coming years. Such initiatives are expected to propel the innovation and developments in the construction dumper market through the forecast period.
Construction dumper accounts for the largest number of accidents in the infrastructure segments
Several causes of dumper accidents include overturning, collisions at the blind spots, and incompetence of the drivers among few others. According to our research, around 35% of the overall accounted incidents in the infrastructure segment reported, were related to these heavy load vehicles. The requirement to reduce accidents is expected to be a prominent challenge for industry participants. Moreover, the high total cost of ownership (TCO) is expected to remain the primary challenge for the new equipment sales. Thus, the rental segment is expected to present considerable growth prospects for the industry participants, which will lead to a significant decline in the new product sales.
The industry is highly consolidated owing to the presence of international players providing an extensive portfolio for infrastructural development. However, industry is expected to remain moderately competitive owing to the presence of regional dealers and contractors intervening in the businesses in some regions.
Global Construction Dumper Market: Key Players
Key players in the construction dumper market include Caterpillar, Komatsu, J.C. Bamford Excavators, Ashok Leyland, AB Volvo, BEML, Asia Motor Works, CNH Industrial America, Deere & Company, Hitachi Construction Machinery, Kenworth, KAMAZ Motors, Mercedes-Benz, New Holland, Liebherr Group, and Navistar.
Global Construction Dumper Market: Key Developments