Press Release

Belaz and Caterpillar Continue to Dominate Tipper Truck Market Forecasted to Reach $48 Bn by 2023

Growing construction, infrastructure and mining sectors coupled with improving road infrastructure to propel demand for tipper trucks across the globe through 2023

According to TechSci Research report, Global Tipper Truck Market By Vehicle Type, By Size, By Application, By Region, Competition Forecast & Opportunities, 2013–2023”, the global tipper truck market is projected to cross $ 48 billion by 2023, owing to anticipated growth in the infrastructure and construction sectors, globally, in the coming years. Few of the major construction projects such as Al Maktoum Airport (Dubai), Jubail II (Saudi Arabia), Dubailand (Dubai), London Crossrail Project (China), Three Gorges Dam (China), Beijing Airport (China), Great Man-Made River Project (Libya), etc., are in the pipeline, and these projects would significantly boost the demand for tipper trucks during the forecast period.

Browse 182 market data Figures and Tables spread through 260 Pages and an in-depth TOC on "Global Tipper Truck Market"

https://www.techsciresearch.com/report/global-tipper-truck-market-by-vehicle-type-small-medium-and-large-tipper-trucks-by-size-4-wheeler-rigid-tipper-etc-by-application-construction-transportation-mining-others-by-company-and-by-geography-forecast-opportunities/1071.html

 According to a consumer survey conducted by TechSci Research, more than 76% customers are not willing to change their tipper truck brand. Belaz and Caterpillar grabbed the highest satisfaction level among customers in terms of product quality, availability and service of tipper trucks, globally.  Belaz and Caterpillar are the market leaders with a cumulative share of more than 30% in the global tipper truck market in 2017, and both of these companies are expected to lead the market during the forecast period as well, owing to continuing collaborations with construction and mining companies coupled with the companies’ strong sales network across the globe. In 2017, 6-Wheeler rigid tipper trucks dominated the global tipper truck market and this trend is likely to continue during the forecast period as well, owing to their use across small as well as large construction and mining projects. Asia-Pacific is the dominating region in global tipper truck market where a huge number of large-scale construction and mining projects are being undertaken, followed by Europe & CIS, North America, South America, Middle East & Africa.

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“Various upcoming greenfield and brownfield infrastructure projects coupled with rising government expenditure across the globe towards industrial and construction sectors would fuel demand for tipper trucks, globally, over the course of next five years. Among different applications, tippers trucks are extensively used in the construction sector and this sector generated the highest demand for tipper trucks in 2017, and the trend is expected to prevail during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Tipper Truck Market By Vehicle Type, By Size, By Application, By Region, Competition Forecast & Opportunities, 2013–2023 has analyzed the potential of tipper truck market across the globe, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the global tipper truck market. 

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Relevant Reports

Global Tipper Truck Market, By Vehicle Type (Small, Medium and Large Tipper Trucks), By Size (4-Wheeler Rigid Tipper, etc.), By Application (Construction, Transportation, Mining, Others), By Company and By Geography, Forecast & Opportunities, 2013–2023

Automotive | Mar, 2018

Growing construction, infrastructure and mining sectors coupled with improving road infrastructure to propel demand for tipper trucks across the globe through 2023

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