Global Tipper Trucks Market 2017-2021
About Tipper Trucks
Tipper truck, also known as dump/dumper truck, is a commercial truck used for the transportation of materials in bulk. The materials, for example, include sand, gravel, and demolition waste from the construction industry; limestone, clay, and fuel ash materials from the cement industry; and garbage from solid waste management. Tipper truck contains open-box bed (open trailer) at the rear end, which is hinged to the front driving cabin (tractor).
Technavio’s analysts forecast the global tipper trucks market to grow at a CAGR of 9.54% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global tipper trucks market for 2017-2021. To calculate the market size, the report considers shipments/sales/volume and excludes revenue.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Tipper Trucks Market 2017-2021
Technavio recognizes the following companies as the key players in the global tipper trucks market: BELAZ, Caterpillar, Hitachi Construction Machinery, and Komatsu.
Other Prominent Vendors in the market are: Ashok Leyland, BEML, Daimler, John Deere, Mack Trucks, MAN Truck and Bus, Scania, Tata Motors, and Volvo Trucks.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is self-driving tipper trucks. The automotive industry is witnessing massive interest toward autonomous vehicles, especially in the passenger and commercial vehicle segments. Autonomous vehicles drive automatically using sensors and electronic control units; thus, do not require a driver.”
According to the report, one driver in the market is infrastructure developments in BRIC countries. As the infrastructure development increases, it proportionally leads to the demand for tipper trucks, as these vehicles are mainly used for transportation in the construction and mining sectors. With BRIC nations investing largely in the construction, transportation, and mining industries, the demand for tipper trucks is expected to increase.
Further, the report states that one challenge in the market is high manufacturing costs of tipper trucks. The manufacture of tipper trucks is capital intensive. Components such as braking systems, suspension systems, and hauling and steering cylinders involve a high level of precision during manufacture, which increases the manufacturing costs. Raw materials such as stainless steel, hardened steel, cast iron, and other metal alloys are involved in the manufacturing of these trucks.
BELAZ, Caterpillar, Hitachi Construction Machinery, Komatsu, Ashok Leyland, BEML, Daimler, John Deere, Mack Trucks, MAN Truck and Bus, Scania, Tata Motors, and Volvo Trucks.