Global Tipper Truck Market, By Vehicle Type (Small, Medium & Large), By Size (4-Wheeler Rigid Tipper, 6-Wheeler Rigid Tipper, 8-Wheeler Rigid Tipper and Articulated-Wheeler Rigid Tipper), By Application (Mining and Construction), By Region, Competition, Forecast & Opportunities, 2026
New York, Dec. 22, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Tipper Truck Market, By Vehicle Type, By Size, By Application, By Region, Competition, Forecast & Opportunities, 2026" - https://www.reportlinker.com/p05368762/?utm_source=GNW
The global tipper truck market was valued at USD27.97 billion in 2020 and is projected to grow with a CAGR of 6.30% during the forecast period, 2022-2026. Supportive government policies are fueling the infrastructure development activities in emerging economies, which are majorly accelerating the global tipper truck market demand. The increasing focus of the leading authorities worldwide promoting the manufacturing of fuel-efficient vehicles and the presence of stringent emission norms are boosting the manufacturing of high-performance and efficient tipper trucks. The introduction of better and advanced tipper truck models and the development of transportation infrastructure is expected to create vast potential for the growth of the global tipper truck market. The high demand for rare earth metals and precious metals due to the growing disposable income of the consumers is bolstering the sales of tipper trucks across the globe. The ability to carry and transfer the materials from one place to another eliminates the need to hire labor forces to carry out the task; therefore, tipper trucks are considered more economical.
The global tipper truck market can be segmented on vehicle type, size, application, and region.Based on vehicle type, the market can be segmented into small, medium, and large tipper trucks.
The small tipper truck segment is anticipated to witness the fastest incremental growth in the next five years.The compact size of these tipper trucks makes them suitable to move over all kinds of terrains and reach the hard-to-get construction sites easily.
Also, they lower the environmental degradation by generating lower emissions compared to the larger tipper trucks and efficiently work in dry and wet weather conditions.
Major players operating in the global tipper truck market are AB Volvo, OJSC Belaz, Caterpillar Inc., Hitachi Construction Machinery Co. Ltd., Komatsu Limited, and others which include Ashok Leyland Limited, Scania AB, MAN Truck & Bus AG, Tata Motors Limited, AB Volvo, and Isuzu, etc. Key players operating in the market invest in innovations and launch superior models with advanced features like higher mileage and fuel consumption to boost sales and stay ahead in the competitive market.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
• To analyze the historical growth and the market size of the global tipper truck market from 2016 to 2020.
• To estimate and forecast the market size of the global tipper truck market from 2021 to 2026 and growth rate until 2026.
• To classify and forecast the global tipper truck market based on vehicle type, size, application, and region.
• To identify drivers and challenges for the global tipper truck market.
• To examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the global tipper truck market.
• To conduct pricing analysis for the global tipper truck market.
• To identify and analyze the profile of leading players operating in the global tipper truck market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of leading tipper truck manufacturers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturers which could not be identified due to the limitations of secondary research. The analyst examined the product offerings, distribution channels and presence of all major players operating in the tipper truck market all over the world.
The analyst calculated the global tipper truck’s market size using a bottom-up approach, where data for various regions was recorded and forecasted for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Tipper truck manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to tipper truck market
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as tipper truck manufacturers, suppliers, distributors and other stakeholders. The report would enable the stakeholders in strategizing investments and capitalizing on emerging market opportunities.
In this report, the global tipper truck market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Tipper Truck Market, By Vehicle Type:
• Tipper Truck Market, By Size:
o 4-Wheeler Rigid Tipper
o 6-Wheeler Rigid Tipper
o 8- Wheeler Rigid Tipper
o Articulated Wheeler Rigid Tipper
• Tipper Truck Market, By Application:
• Tipper Truck Market, By Region:
o Asia Pacific
o North America
o South America
o Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in the global tipper truck market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five)
Read the full report: https://www.reportlinker.com/p05368762/?utm_source=GNW
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