Industry Background:
A rigid dump truck are used for moving loose material such as sand, gravel and demolition waste for construction and mining purposes. They are an important part of various construction and mining projects, especially infrastructure development projects where the efficient transportation of materials, such as loose aggregate and large boulders are of paramount importance. Rigid dump trucks are built around the rigid chassis, such as the open box bed, engine, operator’s cabin, axles, and steering components.This growth is primarily driven by Increasing demand of precious metals and Increased preference for large and heavy duty rigid dump trucks.
Globally, a noticeable market trend is evident Improve dump truck technology
. Major Manufacturers, such as Volvo Construction Equipment (Sweden), Scania (Sweden), Freightliner Trucks (United States), Hitachi Construction Machinery (Japan), Kenworth (United States), Caterpillar (United States), Tata Motors (India), Komatsu (Japan), XCMG Group (China) and Iveco (Italy) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
January 26, 2018: Komatsu Ltd. signed an agreement to acquire, a company based in Quebec, Canada, the Quadco and Southstar forestry attachment operations, excluding the forestry equipment businesses of Tanguay and Forespro delimbers. The acquisitionis made through a wholly owned subsidiary of Komatsu in the United States.
Market Drivers
- Increasing demand of precious metals
- Increased preference for large and heavy duty rigid dump trucks
Market Trend
- Improve dump truck technology
- Sustainable mining solutions
- Integration of IoT in mining trucks for remote monitoring
Restraints
- Requires high initial investments
Opportunities
Increase in government spending on infrastructure in emerging economies
Challenges
Shortage of skilled operators
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Rigid Dump Truck Study Sheds Light on
The Rigid Dump Truck Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Rigid Dump Truck industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Rigid Dump Truck industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.