Booming Investments in Infrastructure Development Is Driving the Growth
Infrastructure is considered as one of the most essential areas where truck dumper parts are used widely either for waste handling or material handling. Impressive economic growth in several countries around the globe has led the government to take various initiatives to the development of commercial infrastructure. Thus, an increase in the number of construction projects globally will bolster the demand for dumper trucks during the next five years. In the major emerging economies such as India and China urbanization and industrialization have led to an upsurge in the construction activities. According to the statistics from the Organisation for Economic Co-operation and Development,the infrastructure investment in road, rail, and air have increased significantly over the past years in the world’s fastest-growing economies, India and China.
The above figure represents the infrastructure spending in India and China which covers the spending done on new transport construction and also the improvement of the existing transport infrastructure. Thus, a significant increase in the construction of transport infrastructure is also playing a major role in widening up the opportunities for the key market players during the next five years as investments in the infrastructure represents a significant growth of the transport industry as it requires the construction of new roads, highways, airports, and others.
Participation by Market Players
The global dumper truck market is poised to witness a decent growth on account of the constant participation by the major players of the market in partnerships, R&D, mergers, and acquisitions for the expansion of their market share during the next five years. Players are also launching new vehicles with advanced features to cater to the growing end-use requirements, which is also positively impacting the growth during the next five years. For instance, recently in June 2020, Ashok Leyland, an Indian automobile company announced the launch of a new range of trucks with BS-VI compliances that also included tipper trucks. Similarly, in September 2018, SML Isuzu Limited, leading commercial vehicle manufacturer announced the launch of its three new heavy-duty carriers Samrat GS tipper in the construction segment, and two trucks, Samrat GS HD19 and Sartaj GS turbo-CNG for commodity transportation. Furthermore, in March 2018, Ashok Leyland also announced a launch of three major trucks in the heavy-duty multi-axle range which included tipper trucks also. Similarly, in January 2018, Tata Motors announced its global expansion plans by announcing the launch of a range of trucks with an aim to tap the road construction and mining sector. Moreover, in January 2017, Man Trucks announced the launch of its new fuel-efficient CLA EVO 25.300, 6x4, BS 3, tipper truck.
The global ordinary rear truck dumper has been segmented on the basis of type, end-user industry, and geography. On the basis of type, the classification has been done into articulated and rigid. By the end-user industry, the market has been segmented on the basis of mining and construction. Geographically, the market has been distributed into North America, South America, Europe, Middle East and Africa, and Asia Pacific.
Mining to Show a Healthy Growth
By the end-user industry, the mining sector is anticipated to witness a decent growth throughout the forecast period due to the growing investments in the mining sector globally. The growing demand for mineral fuels, iron, and other industrial minerals has been on the verge of increase for many years. According to the report from the International Organizing Committee for the World Mining Congresses, the world mining production reached 16.9 billion metric tons by 2016 from 11.3 billion metric tons in 2000.
Dump trucks are heavy machinery used to transport large volumes of loose materials such as dirt, sand, ores, gravel, and demolition waste across mining, civil or major construction sites. If your next construction or mining project requires the transportation of loose material, chances are you're going to need a dump truck. The two most popular dump trucks for hire include rigid rear dump trucks and articulated dump trucks.
Our directory offers a huge volume of power generators for hire by qualified suppliers throughout Australia. These suppliers offer a diverse range of power generators to suit most projects and operations across the nation. Whatever you need to hire - from track mounted dump trucks, to high rail dump trucks, front tip dump trucks, fully sealed rear truck dumper, and even underground dump trucks, you can contact our many dump truck hire suppliers directly, and at no cost.
What dump truck do I need?
Dump trucks come in an assortment of types and configurations, with each designed for use across a variety of different applications, so picking the right one for your project or operation is important. Popular applications include using articulated dump trucks for civil and mining operations, rigid rear dump trucks for use in tandem with hydraulic excavators in mining, fully automatic side truck dumper and front tippers for use in compact or low capacity operations, track mounted dump truck for operations that require work on sandy, bog, dirt, snow, or muddy terrain, hi rail dump truck for use in railway projects, and underground dump truck for use in both hard-rock and soft-rock underground mining and tunnel construction projects.