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Dump Truck Market

Global Dump Truck Market Share, Analysis, Forecast: By Type: Rear Dump Trucks, Side Dump Trucks, Roll-off Dump Trucks; By Engine Type: Internal Combustion Engine (ICE), Electric Engine; By End Use: Construction, Mining, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Dump Truck Market Outlook

In 2023, the global dump truck market size reached a value of USD 52.24 billion. The dump truck market is further expected to grow at a CAGR of 9.1% over the 2024-2032 forecast period.

 

Key Takeaways

  • In 2022, the global construction industry size reached USD 8.2 trillion and is projected to reach USD 17 trillion by 2029.
  • In 2021, construction projects worth USD 1.6 trillion were undertaken in the US.
  • The total revenue of the top 40 global mining companies amounted to USD 943 billion in 2022.

 

A dump truck, also known as a dumping truck, is a vehicle used to transport materials such as dirt, gravel, or demolition waste for construction and coal transportation. It is characterised by its open-box bed, which is hinged at the rear and equipped with hydraulic rams to lift the front, allowing the material to be deposited on the ground behind the truck. Dump trucks come in various sizes and payload capacities, ranging from small single axle trucks to larger models with higher capacities.

 

The dump truck market growth is driven by factors such as increasing construction and mining activities, rising urbanisation, infrastructure projects, and demand for efficient material transportation. Dump truck manufacturers, like AB Volvo, are investing heavily in research and development to expand their product lines and offer cost-effective dump trucks, which is further expanding dump truck market development.

 

Global Dump Truck Market

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Key Trends and Developments

Advancements in dump trucks, increasing electrification of dump trucks, and growing mining sector are propelling the market growth

 

December, 2023

Propel Industries unveiled two variations of EV Dump Trucks at EXCON 2023, namely, 470 MEV and 470 HEV. This launch marks a significant milestone for the Indian mining sector, as Propel Industries becomes the first EV dump truck manufacturer in India.

 

May, 2022

Volvo Trucks India showcased two of its latest trucks at Excon 2022, including the Volvo FMX 500 8x4 off-road dump truck and the Volvo FM 420 8x4 23 Cu.M construction tipper. These trucks are designed for mining applications, road construction, irrigation, and quarry operations.

 

September 2021

The Indian government announced road projects worth USD 13.48 billion to improve road infrastructure in Jammu, which created a demand for dump trucks.

 

September, 2018

BEM L, a defence public sector company, launched India's first 205T Electric Drive Rear Dump Truck. The launch aimed to strengthen the Make in India initiative and achieve self-reliance, enhanced productivity in mining operations, and increased production while optimising costs.

 

Increasing electrification of dump trucks

OEMs have begun manufacturing purely electric dump trucks to comply with emission regulations and meet varied customer requirements, which is driving the dump truck market growth. These e-trucks are equipped with advanced battery systems and fuel-efficient engines that help in load/garbage/material dumping operations.

 

Advancements in dump trucks

Next-generation dump trucks with integrated AI and machine learning for enabling autonomous operation is a key dump truck market trend and is expected to continue in future. Caterpillar’s Cat Command feature allows trucks to respond to user calls and haul directly to dump points.

 

Growing mining sector

The increasing need for commodities like coal, iron ore, and copper, driven by infrastructure growth in Asian countries, has led to a rise in mining activities. Due to the high demand for specialised mining trucks for operations in rough terrains and open-cast mines, the dump truck market share is poised to increase.

 

Increasing government initiatives for infrastructure development

The growing government efforts to accelerate smart city developments, road improvements, and construction of mass buildings are expected to create opportunities for the market. Construction activities require dump trucks for loading and unloading the materials, which is creating demand for dump trucks.

 

The dump truck market value is expected to grow substantially in the forecast period due to industry’s high dependency on infrastructure projects. Due to investments in infrastructure, the construction industry expects growth rates of 10.9% in 2023 for projects like transportation, streets, sewage, and water supply. Additionally, proposals within the United States to spend up to USD 1.5 trillion on infrastructure projects through 2028 creates a strong potential for dump truck market growth.

 

Dump trucks come in various types, including rear, side, roll-off, on-road, and off-road dump trucks, and are used in various industries such as construction, mining, infrastructure, military, and agriculture due to their ability to transport a wide range of materials. Increasing mining activities due to ample availability of minerals and natural resources has prompted the manufacturers to implement energy-efficient vehicles to reduce the adverse effects of mining and drilling. This increases the dump truck market demand. Also, strict emission regulations have pushed manufacturers to develop a carbon footprint mitigation option for diesel engines.

 

Global Dump Truck Market By Type

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Market Segmentation

Global Dump Truck Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup by Type

  • Rear Dump Trucks
  • Side Dump Trucks
  • Roll-Off Dump Trucks

 

Market Breakup by Engine Type

  • Internal Combustion Engine (ICE)
  • Electric Engine

 

Market Breakup by End-Use

  • Construction
  • Mining
  • Others

 

Market Breakup by Region

  • North America 
  • Europe 
  • Asia Pacific 
  • Latin America 
  • Middle East and Africa

 

Rear dump trucks are high in demand due to their better suitability in construction activities

Rear dump trucks occupied the largest dump truck market share as it one of the most used dump trucks in the market due to its design of articulated chassis and ease of maneuverability. These vehicles are ideal for transporting various materials, particularly at construction sites, because of their rigid tires.

 

On the other hand, as per the dump truck market report, the side segment is expected to be the fastest-growing segment over the forecast period due to its safety features. These vehicle variants have a large load capacity and provide better stability while dumping or unloading. Also, these vehicles can quickly dump the load by using hydraulic rams.

 

Electric engines holds a significant market share due to rising government regulations regarding environment protection

As per dump truck market segmentation, electric engines lead the market as key players are now looking to develop engines with high speed and power to provide optimum customer satisfaction and minimal environmental effects. Electric dump trucks, such as the Lightning ZEV4™ and the 8*4 Pure Electric Dumper Truck, are designed to emit zero-emission. Moreover, government regulations to accomplish energy conservation targets have contributed to the growth of electric dump trucks.

 

According to dump truck market analysis, the internal combustion engine (ICE) segment is predicted to grow steadily due to a decrease in the price of dump trucks powered by ICE engines. The engine also offers faster refuelling times and higher tolerances for heat and vibrations, making it suitable for industries where time efficiency and cost considerations are crucial.

 

Global Dump Truck Market By Region

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Competitive Landscape

The market players are continuously incorporating advanced technologies in the product to stay ahead in the competition.

 

AB Volvo is a multinational manufacturing company that produces commercial vehicles, including trucks, buses, and construction equipment. The company was founded 1927 and its headquarters are in Gothenburg, Sweden. The company has also expanded its operations in various countries, including Brazil and Belgium.

 

Aebi Schmidt Group specialises in providing smart product systems and services for the treatment of mission-critical infrastructural and agricultural areas. The company was founded in 1883 in Burgdorf, Switzerland. The company has a strong presence in various industries, including agriculture, municipal services, and airport maintenance.

 

China FAW Group Co., Ltd., is an automobile manufacturer headquartered in Changchun, China. The company was founded in 1953 and it produces and sells vehicles under its own branding as well as under foreign-branded joint ventures. The company's principal products include automobiles, buses, light, medium, and heavy-duty trucks, and auto parts.

 

Other key players in the global dump truck market analysis include Dongfeng.Su, among others.

 

Asia Pacific is one of the prominent regions due to rising construction activity and government initiatives

The Asia Pacific region is anticipated to hold a dominant position in the dump truck market as countries in the region are investing heavily in infrastructure development to boost their economies. For example, the Indian government has taken initiatives such as the Prime Minister's Gram Sadak Yojana for construction of highways, Pradhan Mantri Awas Yojana for construction of affordable houses, and the Smart City Mission. These initiatives foster the dump truck market demand.

 

However, other regions, such as Latin America and North America are also augmenting the market growth. Rising copper mining activities due to the expansion of domestic smelter and refinery have increased demand for dump trucks in the United States, Peru, and Chile. Whereas high mining of gold in Europe offers a huge market potential for mining equipment, including dump trucks which is often exported by US and Asian countries.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Engine Type
  • End-Use
  • Region
Breakup by Type
  • Rear Dump Trucks
  • Side Dump Trucks
  • Roll-off Dump Trucks
Breakup by Engine Type
  • Internal Combustion Engine (ICE)
  • Electric Engine
Breakup by End-Use
  • Construction
  • Mining
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • AB Volvo
  • Aebi Schmidt Group
  • China FAW Group Co., Ltd.
  • Dongfeng.Su
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Dump Truck Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Dump Truck Historical Market (2018-2023) 
    8.3    Global Dump Truck Market Forecast (2024-2032)
    8.4    Global Dump Truck Market by Type
        8.4.1    Rear Dump Trucks
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Side Dump Trucks
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Roll-Off Dump Trucks
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Dump Truck Market by Engine Type
        8.5.1    Internal Combustion Engine (ICE)
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Electric Engine
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Dump Truck Market by End-Use
        8.6.1    Construction
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Mining
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Others
    8.7    Global Dump Truck Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032) 
9    North America Dump Truck Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Dump Truck Market  Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Dump Truck Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.2    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Dump Truck Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Dump Truck Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    AB Volvo
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Aebi Schmidt Group
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    China FAW Group Co., Ltd.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Dongfeng.Su
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Dump Truck Market: Key Industry Highlights, 2018 and 2032 
2.    Global Dump Truck Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Dump Truck Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Dump Truck Historical Market: Breakup by Engine Type (USD Billion), 2018-2023
5.    Global Dump Truck Market Forecast: Breakup by Engine Type (USD Billion), 2024-2032
6.    Global Dump Truck Historical Market: Breakup by End-Use (USD Billion), 2018-2023
7.    Global Dump Truck Market Forecast: Breakup by End-Use (USD Billion), 2024-2032
8.    Global Dump Truck Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Dump Truck Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Dump Truck Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Dump Truck Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Dump Truck Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Dump Truck Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Dump Truck Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Dump Truck Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Dump Truck Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Dump Truck Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Dump Truck Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Dump Truck Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Dump Truck Market Structure

Key Questions Answered in the Report

In 2023, the global dump truck market attained a value of nearly USD 52.24 billion.

The market is projected to grow at a CAGR of 9.1% between 2024 and 2032.

The major drivers of the market include the massive investments, increasing mining activity, growing need for rare earth metals and natural resources, advancements in technology, and rising construction activities.

Increased government spending on these vehicles' significant infrastructure and technical improvisation are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The various types of dump trucks are rear dump trucks, side dump trucks, and roll-off dump trucks.

The industry can be divided on the basis of engine type as internal combustion engine (ICE) and electric engine.

The end-use of the market includes construction and mining, among others.

The major players in the industry are AB Volvo, Aebi Schmidt Group, Dongfeng.Su, and China FAW Group Co.,Ltd., among others.

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