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Brazil Dump Truck Market Share, Size, Analysis: By Type: Rear Dump Trucks, Side Dump Trucks; By Engine Type: Internal Combustion Engine (ICE), Electric Engine; By Capacity: Less than 50 Metric Ton, 50 - 100 Metric Ton, More than 100 Metric Ton; By End-Use: Construction, Mining, Others; Regional Analysis; Competitive Landscape; 2023-2028
Brazil Dump Truck Market Outlook
The Brazil dump truck market size reached a value of approximately USD 320.8 million in 2022. The market is expected to grow at a CAGR of 7.40% between 2023 and 2028, reaching a value of USD 489.7 million by 2028.
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Key Trends in the Market
A dump truck, also known as a dump lorry, is a specialised commercial vehicle used for safe and quick transportation of materials to and from a site. These trucks are equipped with a container on the back, which is used for loading, carrying, and unloading materials across long distances. The contents can be unloaded and released with the use of gravity either through the rear of the truck or on the side, depending upon the type of dump track.
- Growing demand for dump trucks with advanced features such as a collision avoidance systems, driver monitoring systems, and GPS tracking is contributing to the growth of the Brazil dump truck market. Manufacturers are also focussing on improving the efficiency and safety offered by dump trucks to further enhance the growth of the market in the future.
- Rising demand for natural resources such as coal, petroleum, and minerals is propelling mining activities in Brazil, leading to an increased demand for dump trucks. Dump trucks aid in quickly moving contents from mining sites to processing locations, enhancing the overall efficiency and cost-effectiveness of the mining operations.
- Increasing construction activities in Brazil is another major factor fuelling the growth of the Brazil dump truck market. The government is extensively investing in the construction of highways and airports, among other infrastructures.
Market Analysis
Based on type, the market is segmented into rear dump trucks and side dump trucks. On the basis of engine type, the market is divided into internal combustion engine (ICE) and electric engine. By capacity, the market is categorised into less than 50 metric ton, 50-100 metric ton, and more than 100 metric ton. Based on end-use, the market is divided into construction, and mining, among others. On the basis of region, the market is segmented into São Paulo, Minas Gerais, Rio de Janeiro, Bahia, and Rio Grande do Sul, among others.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Brazil dump truck market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Caterpillar Inc.
- AB Volvo
- Komatsu Ltd.
- The Liebherr Group
- Deere and Company
- Sandvik AB
- Industries Machinery Perlini spa
- Trelleborg AB
- Others
Brazil Dump Truck Market Share by Engine Type
Electric engine is anticipated to hold a growing share of the Brazil dump truck market due to their advantages including low operating cost, less space occupancy, remote control feature, regenerative breaking, no requirement for warm up, and higher efficiency. Regenerative breaking helps dump trucks in recovering energy, enabling them to deliver more energy to the battery. Additionally, dump trucks with electric engines require less maintenance as there are only a few mechanical components present.
Brazil Dump Truck Market Share by End Use
Mining accounted for a major share of the Brazil dump truck market and is expected to grow substantially owing to the development of new mining sites in the country. Rising demand for metals, natural resources, and minerals such as gold ore and iron ore, among others is further increasing the demand for dump trucks in Brazil. Smart mining equipment is receiving huge demand from the mining companies for both short and long-term contracts. Dump trucks are in huge demand for the transportation of materials such as sand and gravel, among others required in the mining processes. The booming underground mining sector is also expected to positively influence the growth of the Brazil dump truck market.
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Competitive Landscape
Caterpillar Inc. is a construction machinery and equipment company that was founded in 1925. The company is headquartered in Texas, United States and is known for manufacturing diesel-electric locomotives, off-highway diesel engines, industrial gas turbines, industrial turbines, construction and mining equipment, and off-highway natural gas engines. They focus on building a better and sustainable future for people worldwide.
AB Volvo was established in 1927 and has headquarters in Gothenburg, Sweden. A multinational corporation focused on manufacturing, its key areas are the production and supply of trucks, construction equipment, buses, and marine and industrial drive systems. AB Volvo focuses on developing zero emission trucks for the safety of the environment and a better future.
Komatsu Ltd. was found in 1921 and is based out of Tokyo, Japan. It is a multinational manufacturing company that produces equipment for use in sectors such as construction, forestry, mining, and military, among others. The company also manufactures diesel engines and industrial equipment such as thermoelectric generators, press machines, and lasers.
Other market players include The Liebherr Group, Deere and Company, Sandvik AB, Industries Machinery Perlini spa, and Trelleborg AB, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Engine Type |
|
| Breakup by Capacity |
|
| Breakup by End-Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
|
| Companies Covered |
|
*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 Market Snapshot
7 Opportunities and Challenges in the Market
8 Brazil Dump Truck Market Analysis
8.1 Key Industry Highlights
8.2 Brazil Dump Truck Historical Market (2018-2022)
8.3 Brazil Dump Truck Market Forecast (2023-2028)
9 Brazil Dump Truck Market by Type
9.1 Rear Dump Trucks
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Side Dump Trucks
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Brazil Dump Truck Market by Engine Type
10.1 Internal Combustion Engine (ICE)
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Electric Engine
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
11 Brazil Dump Truck Market by Capacity
11.1 Less than 50 Metric Ton
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 50 - 100 Metric Ton
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 More than 100 Metric Ton
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
12 Brazil Dump Truck Market by End-Use
12.1 Construction
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Mining
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Others
13 Brazil Dump Truck Market by Region
13.1 São Paulo
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 Minas Gerais
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Rio de Janeiro
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 Bahia
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Rio Grande do Sul
13.5.1 Historical Trend (2018-2022)
13.5.2 Forecast Trend (2023-2028)
13.6 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 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Caterpillar Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 AB Volvo
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Komatsu Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 The Liebherr Group
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Deere & Company
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Sandvik AB
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Industries Machinery Perlini spa
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Trelleborg AB
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Brazil Dump Truck Market: Key Industry Highlights, 2018 and 2028
2. Brazil Dump Truck Historical Market: Breakup by Type (USD Million), 2018-2022
3. Brazil Dump Truck Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Brazil Dump Truck Historical Market: Breakup by Engine Type (USD Million), 2018-2022
5. Brazil Dump Truck Market Forecast: Breakup by Engine Type (USD Million), 2023-2028
6. Brazil Dump Truck Historical Market: Breakup by Capacity (USD Million), 2018-2022
7. Brazil Dump Truck Market Forecast: Breakup by Capacity (USD Million), 2023-2028
8. Brazil Dump Truck Historical Market: Breakup by End Use (USD Million), 2018-2022
9. Brazil Dump Truck Market Forecast: Breakup by End Use (USD Million), 2023-2028
10. Brazil Dump Truck Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 320.8 million in 2022.
The market is expected to grow at a CAGR of 7.40% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 489.7 million by 2028.
The key drivers of the market are growing urbanisation, expansion of the mining sector, and rising investments by the government in infrastructure development.
The key trends of the market are growing adoption of advanced dump trucks, increasing research and development activities, and rising incorporation of smart technologies in dump trucks.
The major regions in the market are São Paulo, Minas Gerais, Rio de Janeiro, Bahia, and Rio Grande do Sul, among others.
Types of dump trucks in the market are rear dump trucks and side dump trucks.
The different engine types in the market are internal combustion engine (ICE) and electric engine.
A dump truck or dump lorry is a commercial vehicle equipped with a large container to transport materials in bulk to and from a site.
Key players in the Brazil dump truck market are Caterpillar Inc., AB Volvo, Komatsu Ltd., The Liebherr Group, Deere and Company, Sandvik AB, Industries Machinery Perlini spa, and Trelleborg AB, among others.
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