Dump Trucks Market Size, Share & Trends Analysis Report By Engine Type (Internal Combustion, Electric), By Application (Construction, Mining), By Type, And Segment Forecasts, 2019 - 2025

Published: Jul, 2019 | Pages: 120 | Publisher: Grand View Research
Industry: Automotive | Report Format: Electronic (PDF)

The global dump trucks market size is expected to reach USD 72.4 billion by 2025 at an 8.6% CAGR during the forecast period, according to a study conducted by Grand View Research, Inc. Growing construction and mining activities, increased government spending on sustainable infrastructure, and technological advancements propelling demand for advanced dump trucks are anticipated to drive the market. The demand for these vehicles is linked to rising population, urbanization, and infrastructure developments. Increasing construction and mining activities in Asia Pacific, especially in India, China, and Australia, will drive the market over the forecast period.

The use of coal and other minerals for industrial applications is likely to increase over the next decade, thereby complementing the growth of the mining industry, which is further expected to drive the market. Autonomous haul trucks have the potential to improve performance, reduce cost, and improve safety to overcome challenges at mining sites. Also, electric and advanced dump trucks are in great demand owing to global concerns over reduction of carbon emission from passenger and commercial vehicles. Therefore, governments of various countries have made it mandatory for automotive manufacturers to comply with emission standards to reduce their carbon footprint. This, along with numerous R&D activities for integration of advanced battery technologies, is likely to augment demand of electric dump trucks over the forecast period.

Such factors are pushing automotive OEMs and technology companies to develop vehicles that are cost-effective and aid in emission reduction. For instance, Komatsu America Corp. announced the launch of a 400-ton haul truck with an electric drive system. The product has significant features like enhanced productivity, high power performance, superior operating comfort, and improved safety. Additionally, it eliminates fuel consumption and hence contributes to reduction in carbon emission.

Asia Pacific accounted for the largest revenue share in 2018 owing to large-scale mining activities in the region. China being one of the largest producers of coal in the world, accounted for the majority share in the global dump truck market. Mining dump trucks are used to haul, transport, and deliver raw material from one site to the other. North America will register the highest CAGR owing to construction activities that make use of these vehicles for hauling of heavy materials, land moving, and carrying construction and demolition waste.

Further key findings from the report suggest:

• The global market is expected to develop at a CAGR of 8.6% from 2019 to 2025 and reach USD 72.4 billion by 2025. Rising construction activities due to increased investments in infrastructure will drive the market over the forecast period

• Based on type, rear dump trucks dominated the market and the segment is expected to continue the trend over the forecast period, registering a CAGR of 7.9%

• Asia Pacific held the largest share in the overall dump truck market and accounted for USD 28.2 billion in 2018. Increasing construction and mining activities in the region, especially in India, China, and Australia, is anticipated to drive the market through 2025

• Key players include AB Volvo, Komatsu Ltd., Daimler AG, and Caterpillar. These companies accounted for the majority share in the overall market in 2018.

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Information Procurement
                 1.2 Purchased Database
                     1.2.1 GVR's internal database
                 1.3 Research Methodology
                 1.4 Geographic Scope & Assumptions
                 1.5 Region/Country Wise Market Calculation
                     1.5.1 Region /country wise market: Base estimates
                     1.5.2 Region/country market: CAGR calculation
                 1.6 Region-based Segment Share Calculation
                 1.7 List of Primary Sources
                 1.8 List of Secondary Sources
                 1.9 List of Abbreviations
Chapter 2 Executive Summary
Chapter 3 Market Definitions
                 3.1 Market Segmentation
Chapter 4 Industry Outlook
                 4.1 Market Snapshot
                 4.2 Global Dump Trucks Market Trends
                 4.3 Global Dump Trucks Market
                     4.3.1 Type segment trends
                     4.3.2 Engine segment trends
                     4.3.3 End-use segment trends
                     4.3.4 Region segment trends
                 4.4 Value Chain Analysis
                     4.4.1 Vendor landscape- Dump Trucks
                 4.5 Market Variable Analysis
                     4.5.1 Market driver analysis
                         4.5.1.1 Growing construction and mining activities
                         4.5.1.2 Increased government spending on sustainable infrastructure
                         4.5.1.3 Technological advancements propelling the demand for advanced dump trucks
                     4.5.2 Market restraint analysis
                         4.5.2.1 High cost of maintenance
                         4.5.2.2 Stringent emissions standards
                     4.5.3 Dump trucks market: Key Company Analysis
                     4.5.4 Dump Trucks market: PEST analysis
                     4.5.5 Dump trucks market: PORTER's analysis
                 4.6 Dump Trucks Market - Regulatory Landscape
                 4.7 Dump Trucks Market - Key Innovators
                 4.8 Dump Trucks Market - Key Suppliers by Region
                 4.9 Dump Trucks Market - Who Supplies Whom
Chapter 5 Dump Trucks Market -Type Segment Analysis
                 5.1 Rear Dump Trucks
                     5.1.1 Rear dump trucks market, 2015 - 2025 (USD Million)
                 5.2 Side Dump Trucks
                     5.2.1 Side dump trucks, 2015 - 2025 (USD Million)
                 5.3 Roll-off Dump Trucks
                     5.3.1 Roll-off dump trucks, 2015 - 2025 (USD Million)
Chapter 6 Dump Trucks Market - Engine Type Segment Analysis
                 6.1 Internal Combustion Engine (ICE)
                     6.1.1 Internal combustion engine (ICE) market, 2015 - 2025 (USD Million)
                 6.2 Electric Engine
                     6.2.1 Electric engine market, 2015 - 2025 (USD Million)
Chapter 7 Dump Trucks Market - End-use Segment Analysis
                 7.1 Construction
                     7.1.1 Construction market estimates & forecasts, 2015 - 2025
                 7.2 Mining
                     7.2.1 Mining market estimates & forecasts, 2015 - 2025
                 7.3 Others
                     7.3.1 Others market estimates & forecasts, 2015 - 2025
Chapter 8 Dump Trucks Market - Regional Analysis
                 8.1 North America
                     8.1.1 North America dump trucks market, by country, 2015 - 2025
                     8.1.2 North America dump trucks market, by type, 2015 - 2025
                     8.1.3 North America dump trucks market, by engine type, 2015 - 2025
                     8.1.4 North America dump trucks market, by end-use, 2015 - 2025
                     8.1.5 U.S.
                         8.1.5.1 U.S. dump trucks market, by type, 2015 - 2025
                         8.1.5.2 U.S. dump trucks market, by engine type, 2015 - 2025
                         8.1.5.3 U.S. dump trucks market, by end-use, 2015 - 2025
                     8.1.6 Canada
                         8.1.6.1 Canada dump trucks market, by type, 2015 - 2025
                         8.1.6.2 Canada dump trucks market, by engine type, 2015 - 2025
                         8.1.6.3 Canada dump trucks market, by end-use, 2015 - 2025
                     8.1.7 Mexico
                         8.1.7.1 Mexico dump trucks market, by type, 2015 - 2025
                         8.1.7.2 Mexico dump trucks market, by engine type, 2015 - 2025
                         8.1.7.3 Mexico dump trucks market, by end-use, 2015 - 2025
                 8.2 Europe
                     8.2.1 Europe dump trucks market, by country, 2015 - 2025
                     8.2.2 Europe dump trucks market, by type, 2015 - 2025
                     8.2.3 Europe dump trucks market, by engine type, 2015 - 2025
                     8.2.4 Europe dump trucks market, by end-use, 2015 - 2025
                     8.2.5 Germany
                         8.2.5.1 Germany dump trucks market, by type, 2015 - 2025
                         8.2.5.2 Germany dump trucks market, by engine type, 2015 - 2025
                         8.2.5.3 Germany dump trucks market, by end-use, 2015 - 2025
                     8.2.6 U.K.
                         8.2.6.1 U.K. dump trucks market, by type, 2015 - 2025
                         8.2.6.2 U.K. dump trucks market, by engine type, 2015 - 2025
                         8.2.6.3 U.K. dump trucks market, by end-use, 2015 - 2025
                     8.2.7 France
                         8.2.7.1 France dump trucks market, by type, 2015 - 2025
                         8.2.7.2 France dump trucks market, by engine type, 2015 - 2025
                         8.2.7.3 France dump trucks market, by end-use, 2015 - 2025
                 8.3 Asia Pacific
                     8.3.1 Asia Pacific dump trucks market, by country, 2015 - 2025
                     8.3.2 Asia Pacific dump trucks market, by type, 2015 - 2025
                     8.3.3 Asia Pacific dump trucks market, by engine type, 2015 - 2025
                     8.3.4 Asia Pacific dump trucks market, by end-use, 2015 - 2025
                     8.3.5 China
                         8.3.5.1 China dump trucks market, by type, 2015 - 2025
                         8.3.5.2 China dump trucks market, by engine type, 2015 - 2025
                         8.3.5.3 China dump trucks market, by end-use, 2015 - 2025
                     8.3.6 India
                         8.3.6.1 India dump trucks market, by type, 2015 - 2025
                         8.3.6.2 India dump trucks market, by engine type, 2015 - 2025
                         8.3.6.3 India dump trucks market, by end-use, 2015 - 2025
                     8.3.7 Japan
                         8.3.7.1 Japan dump trucks market, by type, 2015 - 2025
                         8.3.7.2 Japan dump trucks market, by engine type, 2015 - 2025
                         8.3.7.3 Japan dump trucks market, by end-use, 2015 - 2025
                     8.3.8 South Korea
                         8.3.8.1 South Korea dump trucks market, by type, 2015 - 2025
                         8.3.8.2 South Korea dump trucks market, by engine type, 2015 - 2025
                         8.3.8.3 South Korea dump trucks market, by end-use, 2015 - 2025
                 8.4 Rest of World
                     8.4.1 Rest of World dump trucks market, by type, 2015 - 2025
                     8.4.2 Rest of World dump trucks market, by engine type, 2015 - 2025
                     8.4.3 Rest of World dump trucks market, by end-use, 2015 - 2025
Chapter 9 Company Profiles
                 9.1 AB Volvo
                     9.1.1 Company overview
                     9.1.2 Financial performance
                     9.1.3 Product benchmarking
                     9.1.4 Recent developments
                 9.2 AEBI Schmidt Holding AG
                     9.2.1 Company overview
                     9.2.2 Financial performance
                     9.2.3 Product benchmarking
                     9.2.4 Strategic initiatives
                 9.3 Bucher Industries
                     9.3.1 Company overview
                     9.3.2 Financial performance
                     9.3.3 Product benchmarking
                     9.3.4 Strategic initiatives
                 9.4 BYD Motors, Inc.
                     9.4.1 Company overview
                     9.4.2 Financial performance
                     9.4.3 Product benchmarking
                     9.4.4 Strategic initiatives
                 9.5 China FAW Group Co. Ltd.
                     9.5.1 Company overview
                     9.5.2 Financial performance
                     9.5.3 Product benchmarking
                     9.5.4 Strategic initiatives
                 9.6 China National Heavy Duty Truck Group Co., Ltd.
                     9.6.1 Company overview
                     9.6.2 Product benchmarking
                     9.6.3 Strategic initiatives
                 9.7 Daimler AG
                     9.7.1 Company overview
                     9.7.2 Financial performance
                     9.7.3 Product benchmarking
                     9.7.4 Strategic initiatives
                 9.8 Dongfeng Motor Group Co., Ltd.
                     9.8.1 Company overview
                     9.8.2 Financial performance
                     9.8.3 Product benchmarking
                     9.8.4 Strategic initiatives
                 9.9 Dulevo S.p.A.
                     9.9.1 Company overview
                     9.9.2 Financial performance
                     9.9.3 Product benchmarking
                 9.10 Dover Corporation
                     9.10.1 Company overview
                     9.10.2 Financial performance
                     9.10.3 Product benchmarking
                     9.10.4 Strategic initiatives
                 9.11 Global Environmental Products
                     9.11.1 Company overview
                     9.11.2 Product benchmarking
                     9.11.3 Strategic initiatives
                 9.12 Magirus GmbH
                     9.12.1 Company overview
                     9.12.2 Financial performance
                     9.12.3 Product benchmarking
                     9.12.4 Strategic initiatives
                 9.13 Nilflisk Group
                     9.13.1 Company overview
                     9.13.2 Financial performance
                     9.13.3 Product benchmarking
                     9.13.4 Strategic initiatives
                 9.14 Oshkosh Corporation
                     9.14.1 Company overview
                     9.14.2 Financial performance
                     9.14.3 Product benchmarking
                     9.14.4 Strategic initiatives
                 9.15 Rosenbauer International AG
                     9.15.1 Company overview
                     9.15.2 Financial performance
                     9.15.3 Product benchmarking
                     9.15.4 Strategic initiatives

List of Tables

Table 1 List of Abbreviation
Table 2 List of Abbreviation
Table 3 EU emission standards for heavy - duty diesel engines: Steady - state testing
Table 4 EU emission standards for heavy - duty diesel and gas engines: Transient testing
Table 5 China emission standards for heavy - duty engines
Table 6 China phase 3 fuel consumption limits standards for dump trucks
Table 7 US and California EPA Emission Standards for Heavy - Duty compression - ignition Engines
Table 8 Heavy - Duty Highway Engine: Clean Fuel Fleet Exhaust Emission Standards
Table 9 Policy status of light - and heavy - duty tailpipe emissions standards in G20 TTG members
Table 10 Implementation timeline of heavy - duty emissions standards in major vehicle markets
Table 11 Regulatory landscape
Table 12 Key innovators
Table 13 Key suppliers - by region
Table 14 Who supplies whom
Table 15 Rear dump truck market, 2015 - 2025, USD million
Table 16 Side dump trucks market, 2015 - 2025, USD million
Table 17 Roll - off dump trucks market, 2015 - 2025, USD million
Table 18 Internal combustion engine market, 2015 - 2025, USD million
Table 19 Electric engine market, 2015 - 2025, USD million
Table 20 Construction Market, 2015 - 2025 (USD million)
Table 21 Mining Market, 2015 - 2025 (USD million)
Table 22 Others Market, 2015 - 2025 (USD million)
Table 23 North American dump trucks market, by country, 2015 - 2025 (USD Million)
Table 24 North American dump trucks market, by type, 2015 - 2025 (USD Million)
Table 25 North American dump trucks market, by engine type, 2015 - 2025 (USD Million)
Table 26 North American dump trucks market, by end - use, 2015 - 2025 (USD Million)
Table 27 U.S. dump trucks market, by type, 2015 - 2025 (USD Million)
Table 28 U.S. dump trucks market, by engine type, 2015 - 2025 (USD Million)
Table 29 U.S. dump trucks market, by end - use, 2015 - 2025 (USD Million)
Table 30 Canada dump trucks market, by type, 2015 - 2025 (USD Million)
Table 31 Canada dump trucks market, by engine type, 2015 - 2025 (USD Million)
Table 32 Canada dump trucks market, by end - use, 2015 - 2025 (USD Million)
Table 33 Mexico dump trucks market, by type, 2015 - 2025 (USD Million)
Table 34 Mexico dump trucks market, by engine type, 2015 - 2025 (USD Million)
Table 35 Mexico dump trucks market, by end - use, 2015 - 2025 (USD Million)
Table 36 European dump trucks market, by country, 2015 - 2025 (USD Million)
Table 37 Europe dump trucks market, by type, 2015 - 2025 (USD Million)
Table 38 Europe dump trucks market, by engine type, 2015 - 2025 (USD Million)
Table 39 Europe dump trucks market, by end - use, 2015 - 2025 (USD Million)
Table 40 Germany dump trucks market, by type, 2015 - 2025 (USD Million)
Table 41 Germany dump trucks market, by engine type, 2015 - 2025 (USD Million)
Table 42 Germany dump trucks market, by end - use, 2015 - 2025 (USD Million)
Table 43 U.K. dump trucks market, by type, 2015 - 2025 (USD Million)
Table 44 U.K. dump trucks market, by engine type, 2015 - 2025 (USD Million)
Table 45 U.K. dump trucks market, by end - use, 2015 - 2025 (USD Million)
Table 46 France dump trucks market, by type, 2015 - 2025 (USD Million)
Table 47 France dump trucks market, by engine type, 2015 - 2025 (USD Million)
Table 48 France dump trucks market, by end - use, 2015 - 2025 (USD Million)
Table 49 Asia Pacific dump trucks market, by country, 2015 - 2025 (USD Million)
Table 50 Asia Pacific dump trucks market, by type, 2015 - 2025 (USD Million)
Table 51 Asia Pacific dump trucks market, by engine type, 2015 - 2025 (USD Million)
Table 52 Asia Pacific dump trucks market, by end - use, 2015 - 2025 (USD Million)
Table 53 China dump trucks market, by type, 2015 - 2025 (USD Million)
Table 54 China dump trucks market, by engine type, 2015 - 2025 (USD Million)
Table 55 China dump trucks market, by end - use, 2015 - 2025 (USD Million)
Table 56 India dump trucks market, by type, 2015 - 2025 (USD Million)
Table 57 India dump trucks market, by engine type, 2015 - 2025 (USD Million)
Table 58 India dump trucks market, by end - use, 2015 - 2025 (USD Million)
Table 59 Japan dump trucks market, by type, 2015 - 2025 (USD Million)
Table 60 Japan dump trucks market, by engine type, 2015 - 2025 (USD Million)
Table 61 Japan dump trucks market, by end - use, 2015 - 2025 (USD Million)
Table 62 South Korea dump trucks market, by type, 2015 - 2025 (USD Million)
Table 63 South Korea dump trucks market, by engine type, 2015 - 2025 (USD Million)
Table 64 South Korea dump trucks market, by end - use, 2015 - 2025 (USD Million)
Table 65 Rest of World dump trucks market, by type, 2015 - 2025 (USD Million)
Table 66 Rest of World dump trucks market, by engine type, 2015 - 2025 (USD Million)
Table 67 Rest of World dump trucks market, by end - use, 2015 - 2025 (USD Million)

List of Figures

Fig. 1 Market research process
Fig. 2 Information procurement
Fig. 3 Dump Trucks Market segmentation
Fig. 4 Dump Trucks market: penetration & growth prospect mapping
Fig. 5 Dump Trucks market : Value chain analysis
Fig. 6 Dump Trucks market: Technology Timeline
Fig. 7 Dump Trucks market: PEST analysis
Fig. 8 Dump Trucks market: PORTER's analysis
Fig. 9 Dump Trucks market: Key company analysis,2018
Fig. 10 Dump Trucks market: deployment mode analysis
Fig. 11 Dump Trucks market: Mode of transportation analysis
Fig. 12 Dump Trucks market: End - user analysis
Fig. 13 Dump Trucks market: Regional analysis
Fig. 14 North America dump trucks market - key takeaways
Fig. 15 Europe dump trucks market - key takeaways
Fig. 16 Asia Pacific dump trucks market - key takeaways
Fig. 17 Rest of The World dump trucks market - key takeaways