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According to the latest research by SkyQuest Technology, the Global Dump Trucks Market was valued at US$ 10.2 billion in 2021, and it is expected to reach a market size of US$ 17.59 billion by 2028, at a CAGR of 8.1 % over the forecast period 2022–2028. The research provides up-to-date dump trucks market analysis of the current market landscape, latest trends, drivers, and overall market environment.

Heavy loads of loose materials, such as dirt, sand, gravel, ore, and demolition debris, are transported between mining, civil, and huge construction sites using dump trucks, which are substantial pieces of equipment. If carrying loose material is required for your next mining or construction project, you’ll undoubtedly need a dump truck. Dump trucks are in high demand in the mining sector due to their considerable usage in transporting waste and extracted materials between sites. Open cast mines, rugged terrain, and other mining activities all need the use of specialised mining trucks, which manufacturers have produced. Mining companies are focusing on the use of low-emission and low-fuel-consuming gear in order to reduce the amount of carbon produced by the mining sector.

As an instance, Hitachi Construction Machinery Co., Ltd. claimed to have developed a technology that helps with obstacle recognition whether operators are running mine dump trucks or halting or starting them. Customers participating in mining operations across the world are seeking to improve efficiency of the whole mining supply chain, from exploratory mining through excavation, production, processing, transport, and shipping. ICT integration with mining machinery and management systems, as well as providing solutions that do so, is becoming increasingly crucial for machinery makers.

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Two important reasons propelling the dump trucks market are the growth of the construction sector and the acceleration of industrialization. These cars are popular due to their dependability, affordability, and simplicity of upkeep. Due to their special characteristics, they frequently emerge in many industrial operations. Construction worker productivity growth has improved by an average of 1% yearly over the past 20 years, compared to 2.8 and 3.6 percent growth rates for the global economy as a whole and manufacturing, respectively. In a sample of the analyzed countries, fewer than 25% of the construction companies were able to match the productivity increases shown in the national economies where they operate over the previous ten years.

Read Market Research Report, ” Global Dump Trucks Market by Type (Articulated, Rigid), End-User (Mining, Construction, Waste Management, Others), and Region —Forecast and Analysis 2022–2028” By Skyquest

With a revenue share of more than 65 percent in 2021, the construction sector is predicted to dominate the global dump trucks market during the forecast period. There has been a boom in infrastructure transformation efforts to suit the growing needs of urban and rural populations worldwide. A boost in product demand is anticipated throughout the forecasted period as a result of growing real estate prices and attention being paid to public infrastructure. Due to this rise in demand, the key market players are always doing R&D activities to satisfy the customers.

The mining industry is anticipated to have a large increase throughout the projection period. This is related to the increase in mining operations and the ongoing R&D undertaken by the major market participants to satisfy demand. For instance, KB Handel just received an 8×4 broad pusher with single-mounted tires from BAS Mining Trucks. At the OBA in Amsterdam, the Netherlands, KB is already using a third BAS Mining truck. The short distance of up to 400 meters will be covered by the 40-ton payload 8×4 broad pusher with single-mounted tires.

The prominent market players are constantly adopting various innovation and growth strategies to capture more market share. The key market players are Accenture Plc, Automatic Data Processing Inc., Beeline.com Ltd., Brightfield, Bullhorn Inc., Cisco Systems Inc., Cornerstone, International Business Machines Corp., Jobvite Inc., Koch Industries Inc. among others. The major competitors use a variety of growth methods to succeed in the cutthroat market, including product launches, innovations, mergers and acquisitions, collaborations and partnerships, and intense R&D. For instance, a brand-new BAS Mining 10×6 pusher with single-mounted tires has been delivered to REKO Recycling. The truck will move coal tar asphalt from the port to the disposal site over a distance of 500 to 1000 meters. REKO chose this truck due to its high 50-ton capacity, which translates to outstanding productivity and efficiency. The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Dump Trucks Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.

Report Findings ● Drivers– Market growth is accelerating as a result of the rapid digitalization of automobiles. The market benefits from the need to increase operational efficiency, profitability at lower costs, and productivity. Government spending on significant infrastructural improvements and technology advancements for these vehicles is rising, which further boosts the sector. ● Restraint– Regulations controlling large vehicles and high maintenance costs for trucks are expected to limit sales growth. In addition, it is projected that safety issues related to mining and construction operations would pose a challenge to the dump trucks market throughout the forecast period.

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What does this Report Deliver? • Market Estimation for 20+ Countries • Dump Trucks Market demand by Region, Sub-Region, and Country • Customization on Segments, Regions, and Company Profiles • 100+ tables, 150+ Figures • Global, Regional and Country specific Dump Trucks Market Trends • Comprehensive Mapping of Dump Trucks Industry Parameters • Attractive Investment Proposition in the Global Dump Trucks Industry • Competitive Strategies Adopted by Dump Trucks Market Key Players • Drivers, Restraints, Opportunities, Challenges and the impact on the Dump Trucks Market Size • Market growth rate till 2028 • Regulatory scenario, regional dynamics, and Dump Trucks Market insights of leading countries in each region • In-depth Market insights by Region and Country • Market Segmentation Trend Analysis, Opportunities and Growth • Porter’s five force analysis to know the market’s condition • Pricing Analysis and Dump Trucks Market Sales • Parent market analysis • Product portfolio benchmarking

SkyQuest has segmented the Global Dump Trucks Market based on Type, End User, and Region: ● Global Dump Trucks Market by Type (Revenue, US$ Billion, 2021 – 2028) o Articulated o Rigid ● Global Dump Trucks Market by End-User (Revenue, US$ Billion, 2021 – 2028) o Mining o Construction o Waste Management o Others ● Global Dump Trucks Market By Region (Revenue, US$ Billion, 2021 – 2028) o North America US Canada o Europe Germany France UK Italy Spain Rest of Europe o Asia Pacific China India Japan Rest of Asia Pacific o Central & South America Brazil Rest of CSA o Middle East & Africa GCC Countries South Africa Rest of MEA

Key Players in the Global Dump Trucks Market • Hitachi Construction Machinery Co., Ltd (Japan) • Kubota-Gear (US) • J C Bamford Excavators Ltd. (UK) • Deere & Company. (US) • AB Volvo (Sweden) • Rogers Dump Bodies (US) • Caterpillar (US) • BAS Mining Trucks (Netherlands) • OJSC BELAZ (Belarus) • Cummins Inc. (US) • Liebherr Group (Germany) • Komatsu Europe International N.V. (Belgium) • Terex Equipment P.Ltd. (India) • Volkswagen (Germany) • DUX MACHINERY CORPORATION (Canada) • AdvanceQuip (New Zealand) • NAVISTAR, INC. (US) • Mack Trucks (US) • KrAZ (Ukraine) • Peterbilt (US)

SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

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