Global Construction Dumper Market Research, 2032
The Global Construction Dumper Market Size was valued at $20.2 billion in 2022, and is projected to reach $33.5 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032. A dumper is a 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. It 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.
Increase in infrastructure, residential, and commercial construction has led to surge in demand for construction dumper. Moreover, rise in population and increasing demand for roads, highways, bridges, and tunnels are expected to drive the construction dumper market during the forecast period. 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 market.
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 in residential, infrastructure 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. Depending on fuel type, it is fragmented into gasoline, diesel and CNG. On the basis of application, it is categorized into mining, construction, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and MEA.
On the basis of product type, the articulated segment registered highest revenue in 2022. Articulated dumpers are widely used in construction and mining applications. It allows 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.
The diesel segment dominated the market in 2022, and CNG segment is expected to grow at a significant CAGR during the forecast period. Diesel construction dumper is widely adopted in budget constraint construction and development projects due to low maintenance and service cost. Also, diesel fuel is less flammable and has the ability to bear high load, which increases its demand in domestic and commercial construction projects. Owing to these factors, diesel fueled construction dumpers are expected to hold major chunk of the market share during the forecast period.
On the basis of application, the construction segment generated highest revenue in 2022. This is attributed to rising 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 will increase the demand for construction dumper and thus will 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.
Asia-Pacific dominated the market in 2022, 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 construction dumper market growth in the region. For instance, National Highways Authority of India has announced plans to construct 25,000 kilometers of national highways in 2023-24 at a pace of 50 km per day. Thus, all such factors are expected to drive the construction dumper market growth in Asia-Pacific.
Competition Analysis
Key companies profiled in the construction dumper industry include AB Volvo, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Corporation, Epiroc AB, Hitachi Construction Machinery Co., Ltd., JCB, Komatsu Ltd., and Liebherr.
Key Benefits for Stakeholders
- The report provides an extensive analysis of the current and emerging construction dumper market trends and dynamics.
- In-depth construction dumper market analysis is conducted by constructing market estimations for key market segments between 2022 and 2032.
- Extensive analysis of the construction dumper market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing construction dumper market opportunity.
- The global construction dumper market forecast analysis from 2022 to 2032 is included in the report.
- The key players within construction dumper market overview are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the construction dumper industry.
Global Construction Dumper Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 33.5 billion |
 Growth Rate | CAGR of 5.2% |
 Forecast period | 2022 - 2032 |
 Report Pages | 187 |
 By Product type |
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 By Fuel type |
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 By Application |
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 By Region |
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 Key Market Players | Komatsu, Liebherr, VOLVO, Epiroc AB, John Deere, Hitachi, Caterpillar, CNH, Doosan Corporation, JCB |
Analyst Review
the construction dumper is mainly driven by increase in infrastructural development such as roads, highways and bridges by governments, majorly in developing countries such as India, U.S., China and Germany. In addition, expansion of mining sector is another factor that drives growth of the construction dumper market. Moreover, the construction segment registered highest revenue in 2021, due to increase in government investments in infrastructure and industrial construction sectors. However, lack of skilled & qualified operators is projected to hinder the market growth. Moreover, decrease in new construction activity is one of the factors that can negatively impact the market growth.
Major companies in the market have adopted strategies such as business expansion, product launch, acquisition, and partnership to offer better products and services to customers in the construction dumper market. For instance, in March 2022, XCMG Group launched the world's largest 440t mining dump truck XCMG XDE440. The dump trucks were already delivered in batches to Zijin Mining for their Bor copper mine in Serbia at the ceremony. Such factors drive the construction dumper market growth.
Growth in construction industry and rise in demand for construction equipment are the upcoming trends of Global Construction Dumper Market in the world
Construction is the leading application of Global Construction Dumper Market
Asia-Pacific is the largest regional market for Global Construction Dumper Market
The global construction dumper market was valued at $20,174.0 million in 2022
Key companies profiled in the construction dumper industry include AB Volvo, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Corporation, Epiroc AB, Hitachi Construction Machinery Co., Ltd., JCB, Komatsu Ltd., and Liebherr.
The global construction dumper market is projected to reach $33,492.1 million by 2032
The global construction dumper market registering a CAGR of 5.2% from 2023 to 2032.
The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
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