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
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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https://www.coherentmarketinsights.com/market-insight/tipper-body-market-3141
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Key Trends and Analysis of the Global Tipper Body Market:
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