Dumper
Dumper trucks also known as tipper trucks are widely used across the construction and mining industry for the handling of heavy materials. These trucks are equipped with an open-box hinged at the rear which can be put in use for handling and dumping of materials.
The market for dumper trucks is expected to show a nominal growth on account of the constantly growing construction and mining industry around the globe. Rapid urbanization and industrialization have led to a boom in the construction activities especially across the developing economies of the world such as India, China, and Brazil among others. Furthermore, the booming infrastructural development in various economies of the world due the impressive economic growth has led to the development and up-gradation of the commercial infrastructure as well, which in turn is projected to augment the demand for dumper trucks. The growing demand for minerals has also led to an upsurge in the activities across the mining sector globally, thus, a significant growth in the investments in the mining sector in the major developing economies is further widening up the opportunities for the manufacturers over the next five years. Additionally, the constant participation by the major manufacturers operating under the market are playing a significant role in shaping up the global dumper truck market growth throughout the forecast period. Major players are heavily investing in R&D and are further launching new vehicles with advanced features to meet the growing requirements of the end-users.