Press Release

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 through 88 Pages and an in-depth TOC on "Europe & CIS Tipper Truck Market"

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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Europe & CIS Tipper Truck Market By Vehicle Type (Small (Less than 30 Tons), Medium (31 Tons - 70 Tons), and Large (Above 70 Tons)), By Size (6-Wheeler Rigid Tipper, 4-Wheeler Rigid Tipper, 8-Wheler Rigid Tipper, and Articulated Wheeler Rigid Tipper), By Application (Construction, Mining, Others), By Country, Competition Forecast & Opportunities,

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The major drivers for the Europe & CIS Tipper Truck Market include robust construction and infrastructure development, driven by urbanization; significant demand from extractive industries, particularly mining; and the push for sustainability, leading to the adoption of electrification and advanced technologies in line with stringent environmental regulations.

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