Tipper Body Market to Reach US$ 126.31 Thousand by 2030 - Coherent Market Insights

Global Tipper Body Market was valued at US$ 77.67 Thousand in 2021 and is expected to surpass US$ 126.31 Thousand by 2030, registering a CAGR of 5.7% during the forecast period (2022-2030), according to the Global Tipper Body Market Report, by Tipper Body (Roll-Off Tipper Body, 3-Way Tipper Body, Rear Tipper Body),  by Load Carrying Capacity (Below 15 Tons, 15 – 30 Tons, 30 Tons & Above), by Mechanism (Hydraulic, Pneumatic), By Frame Material (Steel, Aluminum), by End-use Industry(Mining, Construction, Waste Management, Marine Services, Others), and  by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa), published by Coherent Market Insights.

Tipper body is installed on dump trucks or tipper trucks and finds major applications in construction industry to perform tasks such as loading, shifting, and transportation of various materials. The tipper body is comprised of cylinder, tipper body frame, and tipper frame. The dimensions of tipper body frame and tipper frame vary according to the dimension of vehicle chassis. It is typically used for heavy commercial vehicles and light commercial vehicles where human interventions are not required. The tipper body is operated with the help of hydraulic or pneumatic lifting arrangements. Tipper body has provide better alternative to traditional tractor trailers, which has increased its demand in the recent past.

Increasing environmental issues and stringent polices regarding waste management are expected to drive the global tipper body market during the forecast period Rising environmental issues worldwide is and strict regulatory policies formed by the government regarding dumping of waste is the major factor driving the market growth. According to The World Bank, the world generates 2.01 billion ton of municipal solid waste annually, of which 33% is not managed in an environmentally safe manner. This has warranted the disposal of solid waste at safe place that will not harm the surrounding environment, which in turn, is expected to drive the market growth in the near future.

Key Developments

• On July 8, 2022, Schmitz Cargobull AG, a manufacturer of commercial vehicles launched Schmitz Cargobull S.KI tipper trailer which is a lightweight frame variant developed for greater payloads. The S.KI frame has galvanized design with 10 years warranty against rust.
• In June 2020, Schmitz Cargobull AG, a manufacturer of commercial vehicles offered M.KI tipper truck body with thermal insulation. This thermally insulated body, has a capacity of 18 m3, which is designed for transportation of smaller quantities of tarmac.

Proactive research and development activities to innovate new technology and product are major growth opportunities in the market. Market players around the world are involved in research and development activities, in order to innovate advanced technologies. Increasing demand for automation in tipper vehicles and comfort in operation is expected to pose excellent growth opportunities for market players in the near future. For instance, introduction of advanced components in the driver’s cabin that have enhanced the efficiency in all adverse weather conditions.

Global Tipper Body Market- Impact of Coronavirus (Covid-19) Pandemic:

The COVID-19 pandemic has affected the global tipper body market significantly. Lockdown was imposed across the globe as a precautionary measure by governments of countries to stop the spread of coronavirus. This led to the temporary suspension of all businesses. Several commercial and residential construction projects were suspended due to financial crises and a lack of manpower, which affected the sales of the tipper bodies required in the construction industry. Demand for tipper bodies decreased as construction companies invested less in vehicles required for construction purposes. Hence, the global tipper body market witnessed slow growth during the pandemic.

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Browse 150 market data tables* and 90 figures* on “Global Tipper Body Market- Global forecast to 2030”

Key Trends and Analysis of the Global Tipper Body Market:

• Asia Pacific region is expected to exhibit the highest growth rate over the forecast period. This growth of market is attributed to the rapid urbanization in countries such as India, China, Japan, and others. There is huge investment from companies and governments of countries in developing the commercial and residential sector due to rapid urbanization. Demand for residential buildings and corporate infrastructure is rising and hence the construction sector needs to build its assets to meet this requirement. Tipper trucks are in high demand in the construction sector and this huge requirement is driving the tipper body market in the Asia Pacific region.
• North America is expected to witness remarkable growth over the forecast period owing to growing surface mining industry in North America. Countries such as Canada, and the U.S. have the biggest producing surface mines such as Morenci Mine, North Antelope Rochelle Mine, Sierrita Mine, and others which are producers of coal, copper, and iron ore. Furthermore, Québec in Canada has a wide variety of metals and minerals and has deposits of iron, zinc, and gold. Hence the mining industry is expected to grow rapidly in the North America region. Tipper trucks are used in mining for the transport of material from site to the production facility and hence, demand for tipper bodies is high in the mining sector. This demand for tipper bodies in the mining industry is responsible for significant growth of the tipper body market in North America.
• Among frame type, the Aluminum segment held a dominant position in market in 2021, and is expected to retain its dominance during the forecast period. This is owing to the benefits of using aluminum over traditional steel bodies. The advantages of using aluminum bodies is that they have extended warranties are lightweight, and trucks with aluminum tipper bodies get high resale value. All these benefits are expected to drive growth of the global tipper body market in the forecast period.
• Major players operating in the global tipper body market include Schmitz Cargobull AG*, Crysteel Manufacturing Inc., Thompsons (UK) Ltd., Ingimex Ltd, VFS Parts and Aftersales, Cantoni & C S.P.A, Bion Group, Marrel SAS, Hyva Global B.V., Daimler AG, and Komatsu Limited