Construction Dumper Market Size 2024-2028

The Construction Dumper Market size is forecast to increase by USD 3.03 billion at a CAGR of 4.1% between 2023 and 2028. The market experiences growth driven by pivotal factors shaping urban development. With the rise of smart city initiatives globally, there's an increased demand for construction dumper vehicles to facilitate infrastructure projects efficiently. Moreover, the increase in real estate activities drives construction projects, further boosting the demand for dumper truck in transporting materials. Additionally, the expansion of transportation infrastructure projects necessitates the use of construction dumpers for earthmoving and material transportation, highlighting their integral role in construction operations. Our report examines historic data from 2018 to 2022 besides analyzing the current market scenario. This market research and growth report also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the size of the Market During the Forecast Period?

Construction-Dumper Market Forecast 2024-2028

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Market Segmentation

By Product

The articulated dump trucks segment will account for a major share of the market's expansion during the forecast period. Articulated dump trucks, also known as dump haulers, are specifically designed for hauling construction material over rough terrain. These trucks are used to transport, move, and unload materials. An articulated dump truck is comprised of mainly two components such as a tractor component that contains the cab and a trailer component that contains the dump body.

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The articulated dump trucks segment was valued at USD 7.98 billion in 2018.?Increasing demand for these trucks in the construction and mining industry is the main driver of the market. Rising construction activity in mountainous areas and rugged terrain drives the expansion of the articulated dump truck segment. In addition, articulated dump trucks are used in the mining industry to carry out drilled rock and transport mined minerals. In the cramped condition of mining sites, articulated dump trucks offer maneuverability and safety advantages. Governments of various countries around the world approve mining projects. Thus, the rising number of mining activities around the world will foster the expansion of the articulated dump trucks segment of the market in focus during the forecast period.

By Region

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APAC is estimated to contribute 60% to the growth by 2028. Technavio's analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The construction activity is expected to see high demand from developing countries such as India, Malaysia, and the Philippines, where large-scale infrastructure changes and developments are taking place. Current and future construction activities in these countries are expected to increase the demand for construction dumpers in the coming years.

Moreover, in India, the central government plans to develop the country's 7,500 kilometers of coastline (including both the west and east coasts), including the development of 12 major ports. Furthermore, Indonesia is likely to record the world's highest GDP in the coming decades. This industry accounts for almost 10% of the country's GDP and is expected to continue to grow due to increased investment in the infrastructure sector supported by increasing urbanization. Hence, such factors will drive the growth of the market in this region during the forecast period.

Market Dynamics

The market caters to the transportation needs of building sites and construction projects, where dumper trucks efficiently move loose materials like sand, earth, and gravel across rough or muddy terrain, supporting infrastructural development and real estate activities in developing countries. Construction dumper manufacturers are focusing on designing vehicles that efficiently handle loose material loads, aiming to reduce maintenance costs and improve overall performance on construction sites. The industry offers a variety of vehicles, including articulated dump trucks, designed for job sites with their construction, optimal turning radius, and emphasis on safety, driving market revenue and investment in maintenance to ensure reliable performance. The construction of new roads, as well as the expansion of tunnels and roads, requires skilled and qualified operators to handle loose materials and ensure effective use of various fuel types and product types, all while supporting population growth and advancements in agriculture, forestry, and manufacturing. Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.     

Key Market Driver

Smart city development is a major market driver. Smart city development serves as a major market driver, fuelled by technological advancements and innovative solutions. These cities leverage technology to enhance services, address urban challenges effectively, and promote sustainability. With rapid urbanization worldwide, significant investments in the construction sector are fueling the demand for construction dump trucks, vital for infrastructure development in smart cities.

Moreover, the integration of intelligent infrastructure automation, grids, and control systems within smart city frameworks plays a crucial role in optimizing operations, reducing power consumption, and minimizing carbon emissions. These advanced features drive the demand for dump trucks, especially in construction sites dealing with bulk materials like sand, earth, and gravel. As a result, the global market is poised for substantial growth during the forecast period, driven by the evolving needs of developing countries and the increasing demand for efficient transportation solutions in these projects.

Significant Market Trends

The rise in rental equipment is a significant rising trend in the market. New equipment is very expensive, and often small and medium enterprises (SMEs) find that renting equipment is a better solution. Due to the reasons such as the reduced burden of upfront investment, risk of accidental breakdown repair cost, and the cost of maintenance renting the equipment is a better solution than ownership of the equipment. Construction is a seasonal activity and the equipment is only needed for a limited period of time. Once the requirements are met, there will be additional maintenance costs to keep the machine in good condition, which will incur additional costs. This allows contractors to reduce operating costs and use newer and more innovative equipment without investing in their own assets. Hence, the increasing trend of rental of construction equipment will drive the expansion of the global market during the forecast period. 

Major Market Challenge

The impact of emission regulations is a major challenge hindering market growth. Due to growing concerns about pollution, emissions regulations are tightening in the US and European countries. The US Environmental Protection Agency has revised emission regulations for heavy-duty vehicles. Existing machines on the market are, therefore, shipped to less regulated and non-regulated countries where there is a growing demand for used equipment. Changes in emission regulations create a serious threat to the global market as these machines do not comply with the new regulations, which will directly affect the growth of the global market.

Furthermore, the Paris Climate Agreement to control CO emissions, signed by 196 countries in December 2015, is a market-friendly environment as most countries have introduced various regulations and standards to take steps to reduce harmful emissions. Hence, the growing concern for the environment may impede the growth of the global market during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AB Volvo: The company offers construction-dumpers such as A60h, A45g, A40g, A35g, A25g, and A30g.

We also have detailed analyses of the market's competitive landscape and offer information on 20 market companies, including:

BEML Ltd., Caterpillar Inc., CNH Industrial NV, Deere and Co., Epiroc AB, Hinduja Group Ltd., Hitachi Ltd., J C Bamford Excavators Ltd., Kamaz Export, Komatsu Ltd., Kubota Corp., Liebherr International Deutschland GmbH, Mercedes Benz Group AG, PACCAR Inc., SANY Group, Shine India Technology and Co., and Xuzhou Construction-Machinery Group Co. Ltd. 

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis. 

Segment Overview

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

• Product Outlook 
  • Articulated dump trucks
  • Rigid dump trucks

• Type Outlook 
  • Standard dump trucks
  • Off-highway dump truck
  • Others

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile 
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The market continues to expand, driven by the growing demand from building sites and construction sites worldwide. These versatile vehicles are essential for transporting loose materials such as sand and gravel across various terrains, including muddy terrain, facilitating infrastructural projects efficiently. With the increase in infrastructural projects, the construction dumper industry is witnessing significant growth in market revenue.

The demand for advanced construction dumpers is on the rise, with innovations like the Next Generation Cat 785 mining truck leading the way. These vehicles prioritize operator safety and efficiency, contributing to lower costs and improved productivity in various sectors. Supported by government investments, especially in the residential sector, the market is witnessing an increase in both residential and non-residential construction projects. With diverse product types and fuel options, such as gasoline, these dumpers cater to various applications and boast high load-bearing capacity. They play a crucial role in transporting bulk material and aiding in digging tasks, relied upon by both domestic and commercial projects. Skilled and qualified operators ensure the optimal performance of these advanced machines, further driving growth amid increasing new activity worldwide.

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What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market's competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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