India Tipper Truck Market By Size, Share and Forecast 2029

Summary

Report Description

India Tipper Truck Market is anticipated to grow at a robust CAGR in the upcoming years. Tipper trucks are also known as dump trucks, dumpers, and tipper lorries. These trucks carry loose materials, such as gravel, stone chips, sand, and loose rocks, from one place to another. They have a material loading slot that is hinged at the back of the vehicle and pistons in the front to deposit or dump materials at the delivery site, such as open-pit mining sites.

The India tipper truck market derives significant growth from an increase in infrastructure projects and the availability of simple financing alternatives offered by financial institutions. The rise in the demand for logistics services is propelling the market substantially. Increased budgetary allocations to infrastructure and rural sectors, combined with rigorous regulatory rules governing vehicle length, are expected to benefit the country's tipper truck market over the next few years.

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Rising Industrial Activities in Construction Industry

The rising number of infrastructure and big building projects in the planning stages has resulted in increased demand for tipper trucks. The increase in irrigation and mining activities and the surge in various road development initiatives, such as the Golden Quadrilateral and the Pradhan Mantri Grameen Sadak Yojana, are propelling the tipper truck market forward. Furthermore, the increasing need for transporting large quantities of aggregates, and the significant rise in the demand for multi-axle trucks, backed by an increase in hauling and tipping more output per day, are some of the key factors, driving the growth of the India tipper truck market. The industry is also being driven by the upswing in government spending on urban infrastructure projects and the introduction of fuel-efficient dump trucks to combat rising pollution.

Mining Industry Expansion

Mining activity necessitates off-site and remote operations, which require the use of heavy commercial vehicles, such as tipper trucks, to handle material transportation. The rise in mining activities, particularly for coal production, has created a significant demand for medium and heavy tipper trucks in India. Tipper trucks are the most technologically advanced and safest trucks to operate in the most demanding and difficult mining situations.

Furthermore, the demand for tipper trucks in power and cement industries has resulted in the expansion of the mining sector. According to the Ministry of Mines, India is the seventh-largest country in terms of bauxite reserves, with roughly 2,908.85 million tons in 2018.

Introduction of Advanced Technologies

Day by day, tippers and dump trucks are becoming more advanced technologically. The truck range has a unique modular system that is beneficial for clients due to improved production, safety, and efficiency-enhancing features. Customers, in general, want higher operating efficiency in terms of payloads, capacity, mileage, and improved driving comfort. As a result, all new technology revolves around these.

Technological advancement is a significant trend that is gaining momentum in the dump truck industry. Companies in the dump truck business are focused on the development of electric dump trucks with AC control and other features to improve efficiency and production while lowering ownership costs and environmental effects. Telematics is one technology that is undoubtedly transforming the trucking sector, and Bharat Benz’s 'Truckonnect' is a prime example. All Bharat Benz trucks come standard with a telematics solution based on Daimler's 'Truckonnect' platform. Customers can remotely monitor all critical performance parameters, including utilization, fuel and AdBlue use, fleet health, and driver behavior, with Truckonnect. Mahindra and Mahindra Ltd. has also introduced the telematics technology, ‘DigiSENSE’, for tipper trucks to access vital information on a real time basis.

Market Challenges

Revision in Axle-load Standards

The law for new axle-load norms went into effect in July 2018, raising the allowed Gross Vehicle Weight (GVW) limit for all trucks in India. As the caring capacity of the already-in-place trucks was increased because of the changes in loading capacity norms, the demand for tipper trucks decreased. The government's motivation for this policy change was to minimize congestion and lower the country's carbon footprint. This aspect is expected to stifle the expansion of the India tipper truck market during the forecast period.

High Maintenance Costs

Tipper trucks have a high maintenance cost since they are checked regularly, particularly for the tire pressure and suspension system. These trucks are not fuel-efficient as well. The fuel economy of a tipper truck is between 5 and 7 gallons per mile. Due to significant fuel usage, tipper trucks' maintenance costs are substantial.

Batteries, tires, and hydraulics are the three key parts of a tipper truck that require maintenance and can result in high costs. Tire maintenance also includes inspecting the alignment and tread to see if it is damaged. The dumping mechanism runs on its own batteries to maintain smooth operation. These parts are expensive and require regular maintenance, impeding market expansion.

Recent Developments

Scania CV India, a subsidiary of Scania AB Sweden, has introduced a new tipper truck, named U-BODY, for the India mining industry, which includes coal and iron ore mining. Scania has also created a fleet management system (FMS) for the mining sector in India, which includes tipper positions, driving behavior, tipper idling time, and fuel usage. Since 2007, Scania India has collaborated with Larsen & Toubro to deliver tipper trucks and other construction and mining machinery to India's mining sector. The company delivered 350 Scania P 410 tipper trucks to the Indian mining company BGR Mining & Infra.
Volvo Trucks India displayed two of its newest trucks at Excon 2022. The Volvo FMX 500 8x4 off-road dump truck and Volvo FM 420 8x4 23 Cu.M construction tipper are part of the Volvo FM and FMX truck line, which will be used for removal projects and other mining applications, and transport solutions for road construction, irrigation, and quarry operations. Both devices are fully integrated with Volvo Connect, providing vital information in real-time to increase operational efficiency, uptime, and productivity.
Tata Motors announced the release of the Signa 4825.TK in 2020. It is India's first 47.5-tonne multi-axle tipper truck for surface coal and aggregate transport. The unrivaled gross vehicle weight of the Signa 4825.TK enables more freight per trip with its 29 cubic meter box load body.
In 2018, Bharat Earth Movers Limited (BEML) launched India's first 205T Electric Drive Rear Dump Truck (Model BH205-E) in its Mysuru factory, which was designed and built in-house. This new back dump truck is expected to meet the mining industry's increased demand for larger-capacity equipment. The BH205E is powered by a 2300 HP Tier II emission-compliant Modular Common Rail Electronic Engine.
The Cat 773E (60 tons) type is equipped with a Truck Product Management System (TPMS) that automatically weighs the loads on the trucks, eliminating the need for additional weighbridges. Cat 773E is the improved model. “Caterpillar tipper trucks with Vital Information Management Systems (VIMS) and Traction Control Systems achieve higher levels of performance.

Market Segmentation

The India tipper truck market is segmented by truck type, tonnage capacity, application, and region. Based on truck type, the market is segmented into light, medium, and large tipper trucks. Based on the tonnage capacity, the market is segmented into 2-16 tons, 16-31 tons, and 31-45 tons. Based on the application, the market is divided into construction, mining, and others. Regionally, the market is classified into North, East, West, and South.

Company Profiles

Tata Motors Limited, Ashok Leyland Limited, VE Commercial Vehicles, Daimler India Commercial Vehicles, Mahindra & Mahindra Limited, Caterpillar India Pvt Ltd, Asia Motor Works Limited, MAN Truck & Bus Pvt Ltd., Scania CV Ind Pvt Ltd., and Sany Heavy Industry India Pvt. Ltd. are the key players in the India tipper truck market. These players are focusing on developing advanced technologies to stay competitive in the market and improving their product portfolio to entice consumers.

Attribute	Details
Base Year	2023
Historical Years	2019 – 2022
Estimated Year	2024
Forecast Period	2025 – 2029
Quantitative Units	Revenue in USD Billion, Volume in Units, and CAGR for 2019-2023 and 2024-2029
Report Coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	By Truck Type By Tonnage Capacity By Application
Regional Scope	North, South, West, and East.
Key Companies Profiled	Tata Motors Limited, Ashok Leyland Limited, VE Commercial Vehicles, Daimler India Commercial Vehicles, Mahindra & Mahindra Limited, Caterpillar India Pvt Ltd, Asia Motor works Limited, MAN Truck & Bus Pvt Ltd., Scania CV Ind Pvt Ltd., Sany Heavy Industry India Pvt. Ltd.
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, the India Tipper Truck Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

· India Tipper Truck Market, By Truck Type:

o Light

o Medium

o Large

· India Tipper Truck Market, By Tonnage Capacity:

2-16 tons
16-31 tons
31-45 tons

India Tipper Truck Market, By Application:

Construction
Mining
Others

India Tipper Truck Market, By Region:

North
West
East
South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India tipper truck market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

India Tipper Truck Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on India Tipper Truck Market

4.1. Key Segments Impacted

4.2. Key Regions Impacted

5. Voice of Customer Analysis

5.1. Factors Influencing Purchase Decision

5.2. Brand Awareness

5.3. Challenges/Issues Faced Post Purchase

6. India Tipper Truck Market Outlook

6.1. Market Size & Forecast

6.1.1. By Volume

6.1.2. By Value

6.2. Market Share & Forecast

6.2.1. By Vehicle Type Market Share Analysis (Light, Medium, and Larger Tipper Truck)

6.2.2. By Tonnage Capacity Market Share Analysis (2-16 tons, 16-31 tons, 31-45 tons)

6.2.3. By Application Market Share Analysis (Construction, Mining, and others)

6.2.4. By Regional Market Share Analysis

6.2.4.1. North Market Share Analysis

6.2.4.2. South Market Share Analysis

6.2.4.3. West Market Share Analysis

6.2.4.4. East Market Share Analysis

6.2.5. By Company Market Share Analysis (By Value, 2023)

6.3. India Tipper Truck Market Mapping & Opportunity Assessment

6.3.1. By Vehicle Type Market Mapping & Opportunity Assessment

6.3.2. By Tonnage Capacity Market Mapping & Opportunity Assessment

6.3.3. By Application Market Mapping & Opportunity Assessment

6.3.4. By Regional Market Mapping & Opportunity Assessment

7. North India Tipper Truck Market Outlook

7.1. Market Size & Forecast

7.1.1. By Volume

7.1.2. By Value

7.2. Market Share & Forecast

7.2.1. By Truck Type Market Share Analysis

7.2.2. By Propulsion Type Market Share Analysis

7.2.3. By Application Market Share Analysis

8. South India Tipper Truck Market Outlook

8.1. Market Size & Forecast

8.1.1. By Volume

8.1.2. By Value

8.2. Market Share & Forecast

8.2.1. By Truck Type Market Share Analysis

8.2.2. By Tonnage Capacity Market Share Analysis

8.2.3. By Application Market Share Analysis

8.2.4. By End User Market Share Analysis

9. East India Tipper Truck Market Outlook

9.1. Market Size & Forecast

9.1.1. By Volume

9.1.2. By Value

9.2. Market Share & Forecast

9.2.1. By Truck Type Market Share Analysis

9.2.2. By Tonnage Capacity Market Share Analysis

9.2.3. By Application Market Share Analysis

10. West India Tipper Truck Market Outlook

10.1. Market Size & Forecast

10.1.1. By Volume

10.1.2. By Value

10.2. Market Share & Forecast

10.2.1. By Truck Type Market Share Analysis

10.2.2. By Tonnage Capacity Market Share Analysis

10.2.3. By Application Market Share Analysis

11. Market Dynamics

11.1. Market Drivers

11.2. Market Challenges

12. Market Trends and Developments

13. SWOT Analysis

13.1. Strength

13.2. Weakness

13.3. Opportunities

13.4. Threats

14. PESTLE Analysis

14.1. Political

14.2. Economical

14.3. Social

14.4. Technological

14.5. Legal

14.6. Environmental

15. Competitive Landscape

15.1. Company Profiles (Up To 10 Leading Companies)

15.1.1. Tata Motors Limited

15.1.1.1. Company Details

15.1.1.2. Products & Services

15.1.1.3. Recent Development

15.1.1.4. Key Management Personnel

15.1.2. Ashok Leyland Limited

15.1.2.1. Company Details

15.1.2.2. Products & Services

15.1.2.3. Recent Development

15.1.2.4. Key Management Personnel

15.1.3. VE Commercial Vehicles

15.1.3.1. Company Details

15.1.3.2. Products & Services

15.1.3.3. Recent Development

15.1.3.4. Key Management Personnel

15.1.4. Daimler India Commercial Vehicles

15.1.4.1. Company Details

15.1.4.2. Products & Services

15.1.4.3. Recent Development

15.1.4.4. Key Management Personnel

15.1.5. Caterpillar India Pvt Ltd

15.1.5.1. Company Details

15.1.5.2. Products & Services

15.1.5.3. Recent Development

15.1.5.4. Key Management Personnel

15.1.6. Mahindra & Mahindra Limited

15.1.6.1. Company Details

15.1.6.2. Products & Services

15.1.6.3. Recent Development

15.1.6.4. Key Management Personnel

15.1.7. Asia Motor Works Limited.

15.1.7.1. Company Details

15.1.7.2. Products & Services

15.1.7.3. Recent Development

15.1.7.4. Key Management Personnel

15.1.8. Scania CV Ind Pvt Ltd.

15.1.8.1. Company Details

15.1.8.2. Products & Services

15.1.8.3. Recent Development

15.1.8.4. Key Management Personnel

15.1.9. MAN Truck & Bus Pvt Ltd

15.1.9.1. Company Details

15.1.9.2. Products & Services

15.1.9.3. Recent Development

15.1.9.4. Key Management Personnel

15.1.10. Sany Heavy Industry India Pvt. Ltd.

15.1.10.1. Company Details

15.1.10.2. Products & Services

15.1.10.3. Recent Development

15.1.10.4. Key Management Personnel

16. Strategic Recommendations

16.1. Key Focus Areas

16.2. Target Regions

16.3. Target Truck Type

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What is the major factor behind the growth in the India tipper truck market?

Increasing government infrastructural development initiatives, expansion in the mining industry, technological advancements, and the growing demand for tipper trucks in industrial activities, is driving the growth of the India tipper truck market.

What are the applications in which tipper trucks are used in India?

In India, tipper trucks are used in various applications, such as construction activities, mining, and coalfields, and several other activities in the steel, cement, and power sectors.

Who are the top players in the India Tipper Truck market?

Key players in the India Tipper Truck market are Tata Motors Limited, Ashok Leyland Limited, VE Commercial Vehicles, Daimler India Commercial Vehicles, Mahindra & Mahindra Limited, Caterpillar India Pvt Ltd., Asia Motor Works Limited, MAN SE, Scania CV Ind Pvt Ltd., and Sany Heavy Industry India Pvt. Ltd.

What is the key hindrance in the India tipper truck Market?

Axle-load standards and the high maintenance costs are hampering the India tipper truck market.

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Press Release

India Tipper Truck Market Gains Significantly from Construction and Mining Industries

May, 2023

Rising industrial and construction activities, increasing infrastructural development, and technological advancements are driving the growth of India Tipper Truck Market.

India Tipper Truck Market by Truck type (Light, Medium, Large Tipper Trucks), By Tonnage Capacity (2-16 tons, 16-31 tons, 31-45 tons), By Application (Construction, Mining, others), By Region, Competition, Forecast, and Opportunities, 2029

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