The Construction Dumper Market to grow at a CAGR of 3.92% from 2021 to 2026

NEW YORK, July 28, 2023 /PRNewswire/ -- The construction dumper market's growth momentum will accelerate at a CAGR of 3.92% and the market share will increase by USD 2.92 billion from 2021 to 2026, according to Technavio - Download the Sample Report.

Construction Dumper Market Insights -

Vendors: 15+, Including AB Volvo, BEML Ltd., Caterpillar Inc., CNH Industrial NV, Daimler AG, Deere and Co., Hinduja Group Ltd., Hitachi Ltd., J C Bamford Excavators Ltd., Kamaz Export, Komatsu Ltd., Liebherr International AG, PACCAR Inc., SANY Group, and Volkswagen AG, among others

Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors

Segments: product (articulated dump trucks and rigid dump trucks) and geography (APAC, Europe, North America, Middle East and Africa, and South America)

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Construction dumper market - Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including - AB Volvo, BEML Ltd., Caterpillar Inc., CNH Industrial NV, Daimler AG, Deere and Co., Hinduja Group Ltd., Hitachi Ltd., J C Bamford Excavators Ltd., Kamaz Export, Komatsu Ltd., Liebherr International AG, PACCAR Inc., SANY Group, and Volkswagen AG.

Construction Dumper Market – Market Dynamics

Key Driver

Smart city development is a key factor driving market growth. Rapid urbanization and the emergence of smart cities all over the world require significant investment in the construction sector, increasing the demand for construction dump trucks. To address concerns about global warming and ozone depletion, governments in both developed and developing countries are taking steps to control carbon dioxide emissions by introducing stricter emission limits. The deployment of intelligent infrastructure automation, smart grids, and control systems in smart cities will play a key role in reducing power consumption and carbon emissions, minimizing losses, and optimizing operations. Hence, these advanced features provided by smart cities are expected to drive the construction dumpers market growth during the forecast period.

Major Trends

The demand for fuel-efficient products is a major trend in the market. Environmental agencies such as the US EPA and NHTSA regularly introduce updated emission standard guidelines for heavy-duty vehicles, including heavy-duty trucks, to reduce carbon pollution and improve fuel efficiency. This will lead to increased demand for fuel-efficient products and lead to future manufacturing innovations. Rising end-user demands for fuel efficiency and new U.S. Environmental Protection Agency (EPA) emissions regulations are driving suppliers to develop equipment that reduces fuel use and increases productivity. As a result, there will be an increase in the production of fuel-efficient trucks offered by construction dump truck manufacturers. Thus, these fuel-efficient trucks trend is expected to drive construction dumpers market growth during the forecast period

Significant Challenges

The impact of emission regulations will be a significant challenge restricting the market growth. This is due to growing concerns about pollution, emissions regulations are tightening in the United States and European countries. For example, the US Environmental Protection Agency (EPA) has updated emissions regulations for heavy-duty vehicles, including construction dump trucks. Therefore, existing machines on the market may be exported to less regulated or non-regulated countries where the demand for used equipment is increasing. However, these emission regulation changes pose a significant challenge to the global market as these machines may not meet the new standards, directly impacting the market growth. Although the APAC region has experienced the strongest growth in terms of market demand, emissions compliance in the region remains relatively low. One of the challenges is the limited availability of ultra-low sulfur diesel in APAC countries, mainly due to its high cost and limited supply. Therefore, the impact of emission regulations is expected to restrict construction dumpers' market growth during the forecast period.

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The construction dumper market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this Construction Dumper Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the construction dumper market between 2022 and 2026

Precise estimation of the size of the construction dumper market and its contribution to the market with a focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the construction dumper market across APAC, Europe, North America, Middle East and Africa, and South America

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of construction dumper market vendors

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Construction Dumper Market Scope

Report Coverage

Details

Base year

2021

Historic period

2017-2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.92%

Market Growth 2022-2026

USD 2.92 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.89

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 55%

Key countries

US, China, Japan, Germany, and the UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

AB Volvo, BEML Ltd., Caterpillar Inc., CNH Industrial NV, Daimler AG, Deere and Co., Hinduja Group Ltd., Hitachi Ltd., J C Bamford Excavators Ltd., Kamaz Export, Komatsu Ltd., Liebherr International AG, PACCAR Inc., SANY Group, and Volkswagen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market Overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

4 Five Forces Analysis

4.1 Five forces summary

4.2 Bargaining power of buyers

4.3 Bargaining power of suppliers

4.4 Threat of new entrants

4.5 Threat of substitutes

4.6 Threat of rivalry

4.7 Market condition

5 Market Segmentation by Product

5.1 Market segments

5.2 Comparison by Product

5.3 Articulated dump trucks - Market size and forecast 2021-2026

5.4 Rigid dump trucks - Market size and forecast 2021-2026

5.5 Market opportunity by Product

6 Customer Landscape

6.1 Customer landscape overview

7 Geographic Landscape

7.1 Geographic segmentation

7.2 Geographic comparison

7.3 APAC - Market size and forecast 2021-2026

7.4 Europe - Market size and forecast 2021-2026

7.5 North America - Market size and forecast 2021-2026

7.6 Middle East and Africa - Market size and forecast 2021-2026

7.7 South America - Market size and forecast 2021-2026

7.8 China - Market size and forecast 2021-2026

7.9 US - Market size and forecast 2021-2026

7.10 Japan - Market size and forecast 2021-2026

7.11 Germany - Market size and forecast 2021-2026

7.12 UK - Market size and forecast 2021-2026

7.13 Market opportunity by geography

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

9.3 Landscape disruption

9.4 Industry risks

10 Vendor Analysis

10.1 Vendors covered

10.2 Market positioning of vendors

10.3 AB Volvo

10.4 BEML Ltd.

10.5 Caterpillar Inc.

10.6 Daimler AG

10.7 Deere and Co.

10.8 Hinduja Group Ltd.

10.9 Hitachi Ltd.

10.10 J C Bamford Excavators Ltd.

10.11 Komatsu Ltd.

10.12 Volkswagen AG

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

11.3 Currency conversion rates for US$

11.4 Research methodology

11.5 List of abbreviations

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ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com

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SOURCE Technavio