Industry Background:
A tipper truck also known as dumper or lorry the rear platform of which can be raised at the front end to enable the load to be discharged by gravity. Tipper trucks is used to transport lose materials such as gravel, stone chips and sand, lose rocks etc. The global tipper truck market is expected to witness a high growth owing to rising demand for material transportation in mining industries across the world and rapid industrialization along with construction activities. However, lack of skilled truck operators and higher fuel prices are hampering the market growth.This growth is primarily driven by Rising Demand for Material Transportation in Mining Industries Across The World and Rapid Industrialization Along With Construction Activities.
Globally, a noticeable market trend is evident Continuing Growth in Road Construction Across Major Developing Economies. Major Vendors, such as BelAZ (Belarus), Caterpillar Inc. (United States), Hitachi Construction Machinery Co., Ltd. (United States), Komatsu Limited (Japan), Ashok Leyland Limited (India), BEML Ltd (India), Daimler AG (Germany), Deere & Company (United States), Tata Motors (India) and Volvo Trucks (Sweden) 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:
On 31 July, 2018, BEML Limited and Heavy Engineering Corporation Limited (HEC) today signed a MoU to meet the growing requirements of the mining industry.
Regulatory Insights:
Current truck size and weight standards are a blend of Federal and State regulations and laws. Federal law controls maximum gross vehicle weights and axle loads on the Interstate System. Federal limits are 80,000 pounds gross vehicle weight, 20,000 pounds on a single axle, and 34,000 pounds on a tandem axle group. There are also Federal standards for length and width on the National Network (NN). The NN comprises the Interstate and certain roadways designated by the States. There are no Federal vehicle height limits.
Market Drivers
- Rising Demand for Material Transportation in Mining Industries Across The World
- Rapid Industrialization Along With Construction Activities
Market Trend
- Continuing Growth in Road Construction Across Major Developing Economies
Restraints
- Lack of Skilled Truck Operators
Opportunities
Increasing Demand From Emerging Economies
Challenges
Higher Fuel Prices
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 Vendors 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, Tipper Trucks Study Sheds Light on
The Tipper Trucks Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Tipper Trucks industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Tipper Trucks 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 Vendors 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.