APAC Tipper Truck Market to Surpass $ 22 Billion by 2023
Growing construction, infrastructure and
mining sectors coupled with deployment of advanced technologies to propel
demand for tipper trucks across Asia-Pacific through 2023
According
to TechSci Research report, “Asia-Pacific
Tipper Truck Market By Vehicle Type, By Size, By Application, By Country,
Competition Forecast & Opportunities, 2013-2023”, the Asia-Pacific tipper truck market is
projected to surpass $ 22 billion by 2023. Growth in the market is led by rising
number of infrastructure and construction projects across the region. Major
construction projects such as South-to-North Water Transfer Project, China;
Three Gorges Dam, China; and Beijing Airport, among others, are in pipeline, and
would cumulatively boost demand for tipper trucks in Asia-Pacific during the
forecast period. Additionally, deployment of advanced technology and telematics
for effective fleet management is likely to positively influence Asia-Pacific
tipper truck market in the coming years.
Browse 47 market data Figures and Tables spread through 75 Pages and an
in-depth TOC on "Asia-Pacific
Tipper Truck Market"
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6-Wheeler
Rigid Tipper Truck dominated Asia-Pacific tipper truck market in 2017, and the
segment is expected to lead the market during forecast period as well, owing to
its vast use across both small and large construction and mining projects. Among
applications, construction sector accounted for the highest demand for tipper
trucks in 2017. China is the leading country in Asia-Pacific tipper truck
market as a large number of large-scale construction and mining projects are
being undertaken in the country, followed by India, Japan and Indonesia and
Malaysia.
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“Various upcoming greenfield and brownfield infrastructure
projects coupled with rising government expenditure towards industrial and
construction sector in the region would boost Asia-Pacific tipper truck market during
the forecast period. Moreover, emergence of fuel efficient tipper trucks
keeping in view the rising pollution levels is further likely to push the
demand for these trucks across the region. Additionally, fast developing
aftermarket of tipper trucks would further aid the growth of Asia-Pacific
tipper truck market in the coming years.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based Asia-Pacific management
consulting firm.
“Asia-Pacific 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
Asia-Pacific 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 the Asia-Pacific tipper truck market.
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