Published on : Apr 16, 2020
Available both in articulated or rigid versions, dump trucks have garnered popularity owing to the safety it provides. These trucks offer safety even at high speed. From suspension to axles to chassis to transmission system, all the elements are made to handle exhausting daily stress for optimum reliability. The global rigid dump trucks market is likely to prosper on the back of its rising demand from various end use sectors, such as construction, transport industries.
These trucks come with several advantages such as comfort while driving and operating on concrete and asphalt roadways. In addition to that, these trucks can also operate on difficult terrain and adverse environment conditions. Rigid dump trucks can also be found in places like mining sites.
Some of the leading players in the global rigid dump trucks market are European Truck Factory GmbH, Bell Trucks America, Inc., Hitachi Construction Machinery, Komatsu Ltd., CNH Industrial N.V., and The Liebherr Group. These companies are involved with the development of new products and offer machines with low emission rates. In addition to that, consumption of low fuel makes these machines very popular ones in various end use industries. Application specific trucks are the latest additions to offer efficiency and improved performance when it comes to load transportation operations.
Driven by Expansion of Construction Industry, Asia Pacific to Witness Stellar Growth
The global rigid dump trucks market has been split into the major geographies of North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. Region-based segmentations offer a detailed view of the market in various parts of the world.
The Asia Pacific rigid dump trucks market size is growing rapidly, thanks to the growing prominence of many constructions and landscaping projects in the countries of South-east Asia. There is a need for mass distribution and transportation of various materials in landscaping operations. These tasks are accomplished by rigid dump trucks resulting in lesser time as compared to various low capacity models. The mining industry in many of countries of the Asia Pacific, such as China, South Korea, and India is generating ample scope for the growth of the rigid dump trucks market in Asia Pacific. Furthermore, presence of many leading market players in the region, such as Doosan Corporation, Komatsu Ltd., and Hitachi Construction Equipment is likely to encourage growth of the rigid dump trucks market in the region.
Extensive Deployment in the Mining Industry Spells Market Growth
The global rigid dump trucks market is expected to ride on the back of augmented infrastructural refurbishment activities. These activities comprise bringing down of various existing structures, which are generating high demand for rigid dump trucks. These machines are utilized for the dumping and collection of various materials like waste, rock, and sand. As such, it is expected that the market is likely to witness growth over the tenure of assessment.
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In addition, rapid development in the construction sector coupled with numerous upcoming residential and commercial construction projects is generating immense demand for these trucks. In addition, expansion and development of the mining industry is estimated to be another growth factor for the global rigid dump trucks market over the tenure of assessment.
In the mining industry, rigid dump trucks are utilized for the transportation of heavy materials and wastes. These machines are widely used for the purpose of dirt hauling operations in the mining operations leading to increased demand from market contractors. This factor is likely to contribute toward the rapid progress of the global rigid dump trucks market.
On the other hand, dearth of trained and experienced drivers to operate these machines is likely to hinder the growth of the global global rigid dump trucks market in the years to come.