Global Construction Dumper Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 6.3% from 2020 to 2027, reaching US$ XX Mn.
Global Construction Dumper Market
Global Construction Dumper Market Overview:
Construction dumpers have many applications in the transportation of movable materials like gravel, sand, aggregates & other related materials & equipment. Some factors which contain the advance of infrastructure activities, expansion of rental equipment business sector, smart city infrastructure demands & the changing regulatory scenario for the emission standards are anticipated to boost the Global Construction Dumper Market growth. The growing trend of urbanization in emerging countries, like India, China, & South Africa will fuel the request for construction dumpers during the forecast period.
The investments in infrastructure developments are growing rapidly worldwide from the last few years. For example, China has spent heavily on the development & construction of Beijing International Airport. The Government of India has invested in many infrastructure development projects, with industrial corridors, Dedicated Freight Corridor (DFC), Bharatmala Pari Yojana, the Sagarmala Programme, & UDAN schemes. Some nations are also investing significantly in the improvement of sports infrastructure & services. The rising spending on such capital-intensive plans & infrastructure projects will fuel the demand for the construction dumper market.
Increasing the global construction Industry:
With overall yearly revenues of nearly USD 10 trillion & an added value of USD3.6 trillion, the construction industry accounts for about 6 percent of global GDP. Exactly, it accounts for about 5 percent of total GDP in established nations, while in emerging nations it tends to account for more than 8 percent of GDP.
The construction industry is anticipated to grow significantly during the forecast years, to projected incomes of USD 15 trillion by 2025. More than 100 Mn individuals are already working today in the construction industry globally. Construction is a horizontal industry, helping all industry verticals, construction has substantial contact with many other areas, as value making nearly always happens within or by means of buildings or extra raised assets. Residential housing accounts for 38 percent of global construction volume, transport, and energy & water infrastructure for 32 percent, institutional & commercial buildings for 18 percent & industrial sites for 13 percent.
Advance of regulations to limit the greenhouse gas emissions are anticipated to drive the innovation in the heavy load vehicles
EU & U.S. among some other counties are taking extensive leaps to decrease the emission of pollutants & their impacts on the environment, in combination with the improved fuel economies. For instance, the Environmental protection Agency (EPA) & National Highway Traffic Safety Administration (NHTSA) in the U.S have led the condition of reduction in emissions over the next few years for heavy vehicle manufacturers. Similarly, the European Council (EC) has established certain fuel economy-related prospects to be met during the forecast period. Such initiatives are anticipated to propel the innovation & developments in the construction dumper market.
- In March 2018, Komatsu Ltd announced HD1500-8 mechanical mining dump truck. It has a 50-liter engine supporting powerful running and sustained by ample net power of 1,175kW (1,576HP). It is also equipped with a retarder with the largest volume in its class.
- In March 2019, JCB invested 70.95 Mn in the construction of the new project in India. The new project is located in Vadodara near the port city of Surat, Gujarat, and is manufacturing parts for global assembly lines.
- In September 2019, Ashok Leyland, the flagship of the Hinduja Group, & one of the major CV manufacturers in India becomes the first Indian OEM to meet the BS-VI emission standards through the full range of heavy-duty trucks.
- In January 2019, AB Volvo announced to launch a fully electric range of Volvo branded compact wheel loaders & compact excavators in 2020. With this move, Volvo CE is the first construction equipment manufacturer to promise an electric future for its compact machine range.
Global Construction Dumper Market1
Future of the construction dumper Manufacturers in the World 2020
The swift growth of urbanization & public and private funds for building roads, highways, ports, railway networks, dams, irrigation systems, airports, & bridges across the world is driving the demand for construction dumpers, & also posing better opportunities for the world’s leading construction dumper manufacturers. Since the market for construction dumper manufacturing is slightly associated with top 10 largest construction dumper manufacturers in the world leading the market, these key industrial vendors are anticipated to endure their governance in the global construction dumper market during the forecast period, owing to their most solid performances in production volumes, sales, & exports.
The objective of the report is to present a comprehensive analysis of the Global Construction Dumper Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Construction Dumper Market dynamics, structure by analyzing the market segments and project the Global Construction Dumper Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Construction Dumper Market make the report investor’s guide.
Global Construction Dumper Market, By Type
- Articulated Dump Trucks
- Rigid Dump Trucks
Global Construction Dumper Market, By Application
Global Construction Dumper Market, By Region
- Asia Pacific
- North America
- Latin America
- Middle East Africa
Global Construction Dumper Market Key Players
- John Deere
- Optimas GmbH
- Atlas Copco
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