Dublin, Oct. 10, 2023 (GLOBE NEWSWIRE) -- The "Construction Dumper Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global construction dumper market is expected to grow from $20.71 billion in 2022 to $22.13 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The construction dumper market is expected to reach $27.63 billion in 2027 at a CAGR of 5.7%.
In the construction dumper market, the primary types of dumper vehicles include articulated dump trucks (ADTs) and rigid dump trucks. ADTs are robust off-road vehicles designed for challenging environments in construction, mining, and quarrying industries. They excel at hauling materials over rough terrains. Engine options for dumpers encompass internal combustion engines and electric engines, which run on gasoline, diesel, or compressed natural gas (CNG). These vehicles find applications in construction, mining, and other industries.
The construction dumper market report offers comprehensive statistics, including global market size, regional market shares, competitor insights with market share data, detailed market segments, market trends, opportunities, and additional information essential for success in the construction dumper industry.
One of the key drivers of the construction dumper market is the increasing construction activity. Rising construction activity leads to higher demand for construction materials, equipment, and services, which in turn spurs growth in related industries like manufacturing, transportation, and engineering. The growth in construction activities results in more construction sites and projects, driving up the demand for dumpers. These vehicles are crucial for transporting and unloading materials such as sand, gravel, and debris on construction sites.
For example, in 2021, commercial construction activities experienced a 6% growth with a $92 billion investment, according to FMI Corporation. Additionally, the number of privately owned housing units approved by building permits in February 2023 increased by 13.8% compared to January, as reported by the United States Census Bureau. These trends highlight the substantial impact of rising construction activities on the construction dumper market.
Product innovation is another prominent trend in the construction dumper market. Companies operating in this market are focusing on developing new products to maintain their market positions. For instance, Mecalac introduced an innovative 3.5MDX cabbed site dumper powered by a Stage V-compliant Kubota D1803 engine. This dumper offers features such as permanent hydrostatic four-wheel drive and high and low-range gearing, making it suitable for challenging site conditions.
Furthermore, strategic acquisitions are shaping the industry landscape. In July 2021, Traton SE, a Germany-based vehicle manufacturing company under Volkswagen, acquired Navistar International Corporation for $3.7 billion. This acquisition expands Navistar's global reach and enhances its presence in North American markets, providing customers with a broader range of commercial vehicles.
In 2022, Asia-Pacific led the construction dumper market. The countries covered in the construction dumper market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Major players in the construction dumper market are
- Volvo Trucks
- Caterpillar Inc.
- Joseph Cyril Bamford (JCB)
- Komatsu Ltd.
- Hitachi Ltd.
- Mercedes-Benz
- Ashok Leyland Ltd.
- CNH Industrial N.V.
- Deere & Company
- Bobcat Company
- Podemcrane
- John Deere
- Parker
- Optimas GmbH
- Atlas Copco
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 275 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $22.13 billion |
| Forecasted Market Value (USD) by 2027 | $27.63 billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Construction Dumper Market Characteristics
3. Construction Dumper Market Trends And Strategies
4. Construction Dumper Market - Macro Economic Scenario
4.1. COVID-19 Impact On Construction Dumper Market
4.2. Ukraine-Russia War Impact On Construction Dumper Market
4.3. Impact Of High Inflation On Construction Dumper Market
5. Construction Dumper Market Size And Growth
5.1. Global Construction Dumper Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Construction Dumper Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Construction Dumper Market Segmentation
6.1. Global Construction Dumper Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Articulated Dump Trucks
- Rigid Dump Trucks
- Other Types
6.2. Global Construction Dumper Market, Segmentation By Engine Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Internal Combustion Engine (ICE)
- Electric Engine
6.3. Global Construction Dumper Market, Segmentation By Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Gasoline
- Diesel
- CNG
6.4. Global Construction Dumper Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Construction
- Mining
- Other Application
7. Construction Dumper Market Regional And Country Analysis
7.1. Global Construction Dumper Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Construction Dumper Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/3eum5q
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