North America Tipper Truck Market to Grow at 10% until 2023
Growing
demand for tipper trucks from mining sector along with emergence of fuel
efficient trucks to drive North America tipper truck market through 2023
According
to TechSci Research report, “North
America Tipper Truck Market By Vehicle Type, By Size, By Application, By
Country, Competition Forecast & Opportunities, 2013-2023”, North America tipper truck market is
projected to cross $ 8.9 billion by 2023 exhibiting a CAGR of around 10% during
the forecast period. Major factors supporting the growth of North America
tipper truck market include upcoming infrastructure projects including
development of railways, highways, metros and commercial & residential buildings.
Moreover, rising competition in North America tipper truck market is pushing
tipper truck manufacturers to focus on technologically advanced products in
order to maintain their competitiveness in the market.
Browse 33 market data Figures and Tables
spread through 61 Pages and an in-depth TOC on "North America Tipper Truck
Market"
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6-Wheeler
Rigid tipper truck dominated North America tipper truck market in 2017, and the
segment is expected to lead the market during the forecast period as well, as
these trucks are extensively used across both small and large construction and
mining projects. Among applications, in North America, a large demand for
tipper trucks emanates from the mining industry and the trend is expected to
remain same during forecast period as well. United States is the dominating country
in North America tipper truck market on account of high number of large-scale
construction and mining projects being undertaken in the country, followed by Canada
and Mexico.
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“Various
upcoming greenfield and brownfield infrastructure projects coupled with rising government
expenditure towards industrial and construction sectors in North America is
boosting demand for tipper trucks across the region. Moreover, focus of OEMs on
manufacturing tipper trucks with low cost and high efficiency would further
steer growth in North America tipper truck market during the forecast period.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based North America management consulting firm.
“North America Tipper
Truck Market By Vehicle Type, By Size, By Application, By Country,
Competition Forecast & Opportunities, 2013-2023” has analyzed the potential of tipper truck market across the
North America region, 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 North America tipper
truck market.
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