Global Construction Dumper Market 2017-2021
About Construction Dumper
A construction dumper is defined as the medium used to transport loose materials such as sand, gravel, aggregates, and others for construction purposes. A construction dumper has an open bed box at the rear end of the dump truck; it has a hydraulic piston, which lifts the hauler or trailer to dump the required material onto the ground. A construction dumper is defined as the medium used to transport loose materials such as sand, gravel, aggregates, and others for construction purposes. A construction dumper is equipped with an open bed box at the rear end of the dump truck. It also has a hydraulic piston, which lifts the hauler or trailer to dump the required material on the ground.
Technavio’s analysts forecast the global construction dumper market to grow at a CAGR of 6.10% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global construction dumper market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Construction Dumper Market 2017-2021
Technavio recognizes the following companies as the key players in the global construction dumper market: Caterpillar, J.C. Bamford Excavators, Komatsu, and AB Volvo.
Other Prominent Vendors in the market are: Ashok Leyland, Asia Motor Works, BEML, CNH Industrial America, Hitachi Construction Machinery, Deere & Company, KAMAZ Motors, Kenworth, Liebherr Group, MACK TRUCKS, MAN, Mercedes-Benz, Navistar, New Holland, PETERBILT, SANY, Scania, TATA, TATRA TRUCKS, and XCMG.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is demand for fuel-efficient products. On August 16, 2016, the US EPA and the NHTSA released new guidelines for emission standards for heavy-duty vehicles such as construction dumpers to reduce carbon pollution and increase fuel efficiency. This will lead to the demand for fuel-efficient products in the global construction dumper market as manufacturing innovations will get a boost in the future. These activities cause emissions of toxic gases such as carbon monoxide and sulfur dioxide, which directly impact the environment. The Paris Climate Change Agreement signed by 196 countries in December 2015 to control emissions of GHGs will further constrain the vendors in the global construction dumper market. Also, for end-users, the direct cost involved in the working of construction equipment is fuel usage in the construction equipment. Therefore, fuel-efficient products will help to reduce their cost and increase the efficiency of the product. The increasing demand from the end-user for fuel-efficiency as well as the new emission norms set by the US EPA will encourage vendors to produce equipment, which consumes less fuel and provides higher productivity.”
According to the report, one driver in market is growth of transportation infrastructure. The increasing urbanization has resulted in creating global demand for a better transportation system. As countries are developing various plans to meet this demand, the transport infrastructure sector is expected to grow significantly in the coming years with major demand coming from countries like India and China. The rise in demand for transport infrastructure will create opportunities for global construction dumper market as these machines are a basic requirement in completing any infrastructure projects. These machines are responsible for transporting various construction material from one place to another.
Further, the report states that one challenge in market is impact of emission regulations. The increasing concerns over environmental pollution have led to more stringent regulations on emissions by the US and European countries. The US EPA has revised its emission regulations for heavy-duty vehicles such as construction dumpers. Therefore, the existing machinery in the market will be shipped to less regulated and non-regulated countries, where the demand for used equipment is growing. The changes in the emission regulations pose a serious threat to the global construction dumper market as these machines cannot comply with the new regulations, thereby directly impacting the growth of the global construction dumper market. Though the market is getting ready to introduce the next generation equipment, the scarcity of ultra-low sulfur diesel, which is used as the operating fuel for construction dumpers, remains a challenge. APAC is the fastest-growing market where the compliance with emission regulations is still very poor. Ultra-low sulfur diesel is not readily available in APAC countries due to its high cost and limited supply.
Caterpillar, J.C. Bamford Excavators, Komatsu, AB Volvo, Ashok Leyland, Asia Motor Works, BEML, CNH Industrial America, Hitachi Construction Machinery, Deere & Company, KAMAZ Motors, Kenworth, Liebherr Group, MACK TRUCKS, MAN, Mercedes-Benz, Navistar, New Holland, PETERBILT, SANY, Scania, TATA, TATRA TRUCKS, and XCMG.
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