Global Construction Dumper Market

Global Construction Dumper Market Research, 2031

The global construction dumper market size was valued at $16.8 billion in 2021, and is projected to reach $27 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.

A dumper is construction machinery designed for carrying bulk material, often on building sites. Dumper trucks are mainly used for transportation of loose material like sand, earth, and gravel. Dumper truck is used for construction, mining, agriculture & forestry and infrastructure. The construction dumpers vary significantly in size and capacity. Usage of a construction dumper is the safest way to quickly transport loose materials from a site, and is especially important in the early phases of a project where the ground is being prepared for work to commence.

The COVID-19 outbreak has affected the growth of the construction dumper industry owing to the lockdown measure in the countries and the delay in manufacturing and production of articulated and rigid construction dumpers used in construction, mining, and other applications.

Increase in infrastructure, residential, and commercial construction has led to surge in demand for construction dumper. Moreover, rise in population and increase in demand for roads, highways, bridges, and tunnels are expected to drive the growth of the market. In addition, high productivity, high percussive performance, and energy recovery can increase the output per shift. Hence, various key players are focusing on manufacturing advanced construction dumpers for construction and mining applications. For instance, in October 2020, Caterpillar Inc. launched the Next Generation Cat 785 mining truck which enhances operator safety and performance, provides more intuitive and predictable operation, delivers faster and easier access to data, and streamlines maintenance to boost efficiency and lower costs. Moreover, rise in government investments in infrastructure projects and mining sectors are providing lucrative growth in the construction dumper market forecast period.

Increase in population in developing economies such as China, India, and the U.S. has led to rapid urbanization, which is expected to boost development of the residential sector and increase demand for construction dumper. According to the United Nations (UN), around 68% of the world population is expected to live in urban areas by 2050. This is expected to result in increase of construction activities such as residential and non-residential around the globe.

The construction dumper market is segmented on the basis of product type, fuel type, application, and region. By type, the market is categorized into articulated and rigid. By fuel type, it is fragmented into gasoline, diesel and CNG. By application, it is categorized into mining, construction, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of product type, the articulated segment registered highest revenue in 2021. Articulated dumpers are widely used in construction and mining applications. These allow the operator to drive with a greater degree of precision and confidence. Moreover, the tighter turning radius of an articulated dump truck also makes it safer to operate. These construction dumpers are highly efficient and saves a lot of manpower.

On the basis of application, the construction segment generated highest revenue in 2021. This is attributed to rise in government investments in residential, non-residential and infrastructure activities. For instance, in august 2021, Indian government has announced $1.4 trillion investment for infrastructure development. Such factors are projected to increase the demand for construction dumper and thus drive the market growth.

The novel coronavirus (COVID-19) rapidly spread across various countries and regions in 2019, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and has now become a significant threat to global trade, economy, and finance. The COVID-19 pandemic halted production of many products in the construction dumper market, owing to lockdowns. Furthermore, the number of COVID-19 cases is expected to reduce in the future with the introduction of the vaccine for COVID-19 on the market. This has led to the reopening of construction dumper companies at their full-scale capacities. This is expected to help the market recover by the end of 2022. After COVID-19 infection cases begin to decline, construction dumpers manufacturers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.

Asia-Pacific dominated the market in 2021, accounting for the highest construction dumper market share, and is anticipated to maintain this trend throughout the forecast period. This is attributed due to expansion of mining and construction sectors in countries such as India, China, and Japan. Moreover, increasing government investment in infrastructure development is accelerating the market growth in the region. For instance, National Highways Authority of India has announced plans to construct 25,000 kilometers of national highways in 2022-23 at a pace of 50 km per day. Thus, all such factors are expected to drive the construction dumper market growth in Asia-Pacific.

The global construction dumper market is segmented into Application, Product type and Fuel type. By type, the market is categorized into articulated and rigid. By fuel type, it is fragmented into gasoline, diesel and CNG. By application, it is categorized into mining, construction, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Competition Analysis

Key companies profiled in the construction dumper industry include AB Volvo, AMW Motors, Ashok Leyland, Bell Trucks America Inc., BEML Limited, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Corporation, Epiroc AB, Hitachi Construction Machinery Co., Ltd., JCB, Kenworth Truck Company, Komatsu Ltd., Kubota Corporation, Liebherr, and XCMG Group.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global construction dumper market analysis from 2021 to 2031 to identify the prevailing global construction dumper market opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global construction dumper market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global global construction dumper market trends, key players, market segments, application areas, and market growth strategies.

 Global Construction Dumper Market Report Highlights