Europe & CIS Tipper Truck Market to Hit $ 9 Billion by 2023
Technological advancements in tipper truck
manufacturing along with easy financing options available for purchasing tipper
trucks to boost Europe & CIS tipper truck market is through 2023
According
to TechSci Research report, “Europe
& CIS Tipper Truck Market By Vehicle Type, By Size, By Application, By
Country, Competition Forecast & Opportunities, 2013-2023”, Europe & CIS tipper truck market is
projected to cross $ 9 billion by 2023. Anticipated growth in the market can be
attributed to large-scale development activities being witnessed across the
Europe & CIS region. Moreover, various upcoming greenfield and brownfield
infrastructure projects coupled with increasing government expenditure towards
industrial and construction sector in the region is further expected to boost Europe
& CIS tipper truck market during the forecast period. Additionally, governments
and various banking institutions are now providing easy financing options for
the purchase of tipper trucks, which is helping small construction companies to
buy these trucks, thereby further fuelling growth in Europe & CIS tipper
truck market.
Browse 61 market data Figures and Tables spread
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& CIS Tipper Truck Market"
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On the basis of application,
Europe & CIS tipper truck
market is segmented into construction and mining. Construction sector dominated
the market in 2017 and is expected to continue dominating during forecast
period as well. Germany is the largest tipper truck market in Europe as a vast number
of large-scale construction and mining projects are being undertaken in the
country. Germany is followed by France, United Kingdom, Turkey, Russia, Italy
and Poland, which are also witnessing rising demand for tipper trucks. Federal government of Germany has planned to
invest $ 300 billion under the national infrastructure plan,
Bundesverkehrswegeplan. On account of such initiatives taken by the
governments of various countries across Europe & CIS, the demand for tipper
truck is anticipated to witness growth during forecast period.
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Among vehicle type, medium size tipper truck segment dominated Europe
& CIS tipper truck market in 2017 and is expected to lead the market during
forecast period as well, owing to its use across both small and large
construction and mining projects. “Rising mining activities across Europe & CIS are likely
to push demand for tipper trucks across the region. Moreover, growing
inclination towards hiring tipper truck on rent along with initiatives by
tipper truck manufacturing companies to produce tipper trucks that offer low
cost maintenance and high efficiency would further steer growth in Europe
& CIS tipper truck market in the coming years.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based Europe & CIS management
consulting firm.
“Europe & CIS 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
Europe & CIS 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 Europe &
CIS tipper truck market.
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