Market Overview:
The global off-highway dump truck market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for construction and mining equipment across the globe. Additionally, the growing infrastructure development in emerging economies is also propelling the demand for off-highway dump trucks. The global off-highway dump truck market can be segmented on the basis of type into rigid frame and articulating frame. The rigid frame segment is expected to hold a larger share of the market during the forecast period owing to its high durability and low maintenance cost as compared to articulated frames.
Product Definition:
An off-highway dump truck is a vehicle used for transporting loose, unbound materials such as sand, gravel, or dirt. Off-highway dump trucks are typically used in construction and mining applications.
Rigid Frame:
Rigid Frame is a structure which provides strength and support to off-highway dump truck. It helps in carrying heavy loads over long distances with greater safety. Rigid frame design offers various advantages such as durability, efficiency, stability and control to the vehicle. These frames are manufactured from steel or composite materials which offer high load capacity than conventional ones made from aluminum or wood etc.
The global rigid frame market was valued at USD 1,849 million in 2016.
Articulating Frame:
The articulating frame is a device that allows the chassis of the dump truck to follow the contours of containers and trailers in loading and unloading operations. The articulated dump truck has a flat bed on which other vehicles can be loaded or unloaded. These types of trucks are used for off-highway activities such as construction, mining, agricultural, etc.
Advantages: Disadvantages: Articulated dump trucks offer more flexibility when it comes to loading.
Application Insights:
The construction application segment accounted for the largest share of over 30.0% in 2017 and is expected to witness significant growth over the forecast period. The growing construction industry across various regions, including North America and Europe, is anticipated to drive demand for dump trucks with off-highway capability. In addition, increasing government expenditure on infrastructure development across various countries worldwide will further boost product demand in this segment during the forecast period.
The other application segment includes mining and quarrying operations that require heavy machinery due to high operating costs along with low productivity rates compared to traditional methods of extraction such as opencast or underground mining operations.
Regional Analysis:
Asia Pacific off-highway dump truck market is expected to grow at the highest CAGR of XX% over the forecast period. The growth can be attributed to increasing investments in infrastructure development and mining activities across India, China, Japan, South Korea and Indonesia. For instance, in April 2017, the Government of India announced a USD X trillion investment plan for infrastructure development over a period of five years with an aim to create jobs and boost GDP growth rate.
The government plans include construction of roads (bridges & tunnels), hospitals (medical colleges), schools and colleges as well as airports/aerodromes among others under Public Investment Programme (PPP). Such investments are anticipated to drive demand for off-highway dump trucks in future owing to their crucial role during emergencies or natural calamities such as earthquakes or floods wherein they are used for debris clearance from affected areas thereby driving regional market growth over the forecast period.
Growth Factors:
- Increasing demand for construction and infrastructure projects across the globe
- Rising disposable income of consumers in developing countries
- Proliferation of smart cities and increasing investments in urban infrastructure
- Growing awareness about the benefits of off-highway dump trucks among end-users
- Technological advancements in off-highway dump truck design and functionality
Scope Of The Report
Report Attributes
Report Details
Report Title
Off-highway Dump Truck Market Research Report
By Type
Rigid Frame, Articulating Frame
By Application
Construction, Mining, Other
By Companies
Caterpillar, Terex, Komatsu, Hitachi Construction Machinery, John Deere, Doosan, Belaz, Volvo, Hydrema, Bell, Caterpillar, Freightliner, NHL, BZK, Shougang Heavy Truck, XEMC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Off-highway Dump Truck Market Report Segments:
The global Off-highway Dump Truck market is segmented on the basis of:
Types
Rigid Frame, Articulating Frame
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Mining, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Caterpillar
- Terex
- Komatsu
- Hitachi Construction Machinery
- John Deere
- Doosan
- Belaz
- Volvo
- Hydrema
- Bell
- Caterpillar
- Freightliner
- NHL
- BZK
- Shougang Heavy Truck
- XEMC
Highlights of The Off-highway Dump Truck Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rigid Frame
- Articulating Frame
- By Application:
- Construction
- Mining
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Off-highway Dump Truck Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An off-highway dump truck is a large, heavy vehicle used for transporting waste and garbage from various locations to an approved disposal site.
Some of the major companies in the off-highway dump truck market are Caterpillar, Terex, Komatsu, Hitachi Construction Machinery, John Deere, Doosan, Belaz, Volvo, Hydrema, Bell, Caterpillar, Freightliner, NHL, BZK, Shougang Heavy Truck, XEMC.
The off-highway dump truck market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Off-highway Dump Truck Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Off-highway Dump Truck Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Off-highway Dump Truck Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Off-highway Dump Truck Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Off-highway Dump Truck Market Size & Forecast, 2020-2028
4.5.1 Off-highway Dump Truck Market Size and Y-o-Y Growth
4.5.2 Off-highway Dump Truck Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Rigid Frame
5.2.2 Articulating Frame
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Mining
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Off-highway Dump Truck Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Off-highway Dump Truck Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Rigid Frame
9.6.2 Articulating Frame
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Mining
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Rigid Frame
10.6.2 Articulating Frame
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Mining
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Rigid Frame
11.6.2 Articulating Frame
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Mining
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Rigid Frame
12.6.2 Articulating Frame
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Mining
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Rigid Frame
13.6.2 Articulating Frame
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Mining
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Off-highway Dump Truck Market: Competitive Dashboard
14.2 Global Off-highway Dump Truck Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caterpillar
14.3.2 Terex
14.3.3 Komatsu
14.3.4 Hitachi Construction Machinery
14.3.5 John Deere
14.3.6 Doosan
14.3.7 Belaz
14.3.8 Volvo
14.3.9 Hydrema
14.3.10 Bell
14.3.11 Caterpillar
14.3.12 Freightliner
14.3.13 NHL
14.3.14 BZK
14.3.15 Shougang Heavy Truck
14.3.16 XEMC
