Report Code: A08764 | Pages: NA | Jul 2023 | 4436 Views | ||
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Pandemic disrupted the entire world and affected many industries.
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Dump trucks are dumpers, which are used to transport materials such as gravel, sand, and iron ore from one place to other. Dump trucks are especially used in construction works to dump the material. These trucks have an open box bed, which has a rim to lift the open box bed, allowing the material to fall on the ground behind the truck at the desired site. Increase in demand for metals, mining, and construction hassled to the market expansion of the dump truck market. Use of automated rim in these trucks to lift the open box bed has made it easy to drag the material down from the truck to the ground. Therefore, this has increased the demand for dump trucks.
COVID-19 scenario analysis:
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The significant factors that impact the growth of the dump truck market are increased demand for minerals & natural resources and increase in infrastructure investments. However, maintenance cost and lack of skilled professionals hamper the growth of the market. Furthermore, increase in sales of heavy duty vehicles provides lucrative opportunities for the market.
Increased demand for minerals & natural resources
With increase in demand for minerals & natural resources, the need for dump trucks has increased. Dump trucks provide help in mobility of minerals and natural resources. The dump truck market is completely based on the demand to transfer the material, thus directly leading to the growth of the dump truck market.
Increase in infrastructure investments
Continuous development in infrastructure has enhanced the growth of the dump truck market. Infrastructure and construction work require the transfer of material from one place to other. Therefore, this results in the rise in demand for dump trucks.
Key benefits of the report:
Questions answered in the dump truck market research report:
Dump Truck Market Report Highlights
Aspects | Details |
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By Type |
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By Engine Type |
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By Engine Capacity |
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By Application |
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By End-User |
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By Region |
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Key Market Players | KGHM Zanam SA, Dheere & Company, The Liebherr Group, AB Volvo, Komatsu Ltd., Caterpillar Inc., Hitachi Construction Machinery Co Ltd., XCMG Group, Terex Trucks, DUX Machinery Corporation, OJSC BELAZ |
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