Dump Truck Market Report 2025 (Global Edition)

Global Dump Truck Market Report 2025 Market Size Split by Truck (4 Wheel Dump Trucks, 2 Wheel Dump Trucks), by Type (Articulated, Rigid), by Propulsion (ICE, Electric), by Capacity (Below 25 MT, 251-5...

Dump Truck Market Report Description

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Dump Truck Market Insights Video

Competitive Landscape of the Dump Trucks Market

The competitive landscape of the Dump Trucks market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts.

In August 2023, the SANY Group's SANY Engineering Vehicles Business Division, which produces new energy vehicles, recently showcased its full line of new products, reviving the new energy dump truck market. More intelligent features, increased power output, more efficiency, reduced environmental effects, and improved driving pleasure are the goals of the updated models.

(Source: https://www.sanyglobal.com/press_releases/1085/)

Top Companies Market Share in Dump Truck Industry: (In no particular order of Rank)

• XCMG Group
• OJSC BELAZ
• KGHM Zanam SA
• AB Volvo
• The Liebherr Group
• DUX Machinery Corporation
• Dheere & Company
• Hitachi Construction Machinery Co Ltd.
• Caterpillar Inc.
• Terex Trucks
• Komatsu Ltd.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Dump Trucks Market

Which Region Dominates the Dump Trucks Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The market for dump trucks in North America is mostly driven by the construction industry. The demand for dump trucks is influenced by several factors, including infrastructure developments, residential construction, commercial development, and industrial expansion. The demand for new infrastructure is driven by urbanization trends and population increase in cities, which presents prospects for dump truck manufacturers.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the Dump Trucks market. The regional market expansion is attributed to the rising urbanization and the growing construction sector, especially in countries like India and China. Moreover, the increasing government funding for infrastructure development also provides a potential opportunity for market expansion over the forecast period.

The current report Scope analyzes Dump Truck Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Dump Truck

According to Cognitive Market Research, the global Dump Trucks market size was estimated at USD XX Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Dump Trucks market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. The growth in the country is attributed to the growing construction industry.
• The Canada Dump Trucks market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. The country is attributed to the rising demand for energy.
• The Mexico Dump Trucks market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD XX million in 2024.

Europe Dump Truck

According to Cognitive Market Research, the global Dump Trucks market size was estimated at USD XX Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.

• The United Kingdom Dump Trucks market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. In the UK, Dump Trucks sales witness an upswing due to the nation's growing investment.
• The France Dump Trucks market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany Dump Trucks market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. In Germany, Dump Trucks sales surged due to the presence of major companies.
• The Italy Dump Trucks market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD XX million in 2024.
• The Russia Dump Trucks market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD XX million in 2024.
• The Spain Dump Trucks market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD XX million in 2024.
• The Luxembourg Dump Trucks market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD XX million in 2024.
• The Portugal Dump Trucks market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD XX million in 2024.
• The Greece Dump Trucks market is projected to witness growth at a CAGR of 5.3% during the forecast period with a market size of USD XX million in 2024.
• Rest of Europe Dump Trucks market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD XX million in 2024.

Asia Pacific Dump Truck

According to Cognitive Market Research, the global Dump Trucks market size was estimated at USD XX Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Dump Trucks market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Dump Trucks sales surged in China due to the growing construction sector.
• The Japan Dump Trucks market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD XX million in 2024.
• The India Dump Trucks market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. The demand is augmented by India's growing urbanization.
• The South Korea Dump Trucks market is projected to witness growth at a CAGR of 7.6% during the forecast period with a market size of USD XX million in 2024.
• The Australia Dump Trucks market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD XX million in 2024.
• The South East Asia Dump Trucks market is projected to witness growth at a CAGR of 9.5% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Dump Trucks market is projected to witness growth at a CAGR of 8.3% during the forecast period with a market size of USD XX million in 2024.

South America Dump Truck

According to Cognitive Market Research, the global Dump Trucks market size was estimated at USD XX Million out of which the Latin America market is more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Dump Trucks market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Dump Trucks sales flourish in Brazil due to the nation's favourable market conditions.
• The Argentina Dump Trucks market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. The demand is augmented by Argentina's growing product launch.
• The Colombia Dump Trucks market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD XX million in 2024.
• The Peru Dump Trucks market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD XX million in 2024.
• The Chile Dump Trucks market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD XX million in 2024.
• The Rest of the Latin America Dump Trucks market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD XX million in 2024.

Middle East Dump Truck

According to Cognitive Market Research, the global Dump Trucks market size was estimated at USD XX Million out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• The GCC Countries Dump Trucks market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD XX million in 2024. Dump Trucks sales flourish due to the region's favorable market conditions.
• The Egypt Dump Trucks market is projected to witness growth at a CAGR of 6.5% during the forecast period with a market size of USD XX million in 2024.
• The South Africa Dump Trucks market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD XX million in 2024. Dump Trucks sales flourish in South Africa due to the region's favorable market conditions and growing product launches.
• The Turkey Dump Trucks market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD XX million in 2024.
• The Nigeria Dump Trucks market is projected to witness growth at a CAGR of 5.3% during the forecast period with a market size of USD XX million in 2024.
• The Rest of MEA Dump Trucks market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD XX million in 2024.

Dump Truck Market Analysis

Dump Trucks Market Truck Type Segment Analysis

According to Cognitive Market Research, 4 Wheel Dump Trucks stand out as the dominating category. The segment expansion is attributed to its high capacity for bearing load. In addition, the rising applications from various industries also propelled the segment expansion.

2 Wheel Dump Trucks emerge as the fastest-growing category in the Dump Trucks market. Due to their maneuverability and lower size as compared to larger dump trucks with multiple axles, two-wheel dump trucks are extensively employed for a wide range of applications. They work well in urban settings with limited room or on smaller construction projects since they can maneuver through narrower spaces.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Dump Truck Industry. Request a Free Sample PDF!

Dump Trucks Market Type Segment Analysis

According to Cognitive Market Research, the dominating category is Articulated. The articulated dump truck segment in the dump trucks market is growing, and this growth is related to the increased usage of these trucks in building activities because of their ability to operate in hard terrain.

The fastest-growing category in the Dump Trucks market is Rigid. The segment's expansion is attributable to the growing usage of rigid dump trucks in construction, which propels the rigid dump truck segment's growth within the dump trucks market. Dump trucks classified as rigid have the can and the remainder of the body aligned within the same chassis. Rear wheel drive is paired with traditional steering in rigid trucks. They are renowned for their ability to move huge loads, including rough loads, on well-kept roadways. Compared to other truck types that can carry high loads for extended periods, rigid dump trucks are more affordable.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Dump Truck Propulsion Segment Analysis

According to Cognitive Market Research, the dominating category is ICE. The strong torque and power needed for dump trucks to maneuver across difficult terrain and haul huge loads are provided by internal combustion engines. These engines can provide the performance required to run well in tough areas such as mining operations and construction sites.

The fastest-growing category in the Dump Trucks market is Electric. The segment expansion is attributed to the growing product launch and increasing emphasis on the environment across the globe. Moreover, the increasing government support across the globe to promote electric transport is one of the major factors for segment expansion.

• ICE
• Electric

Dump Truck Capacity Segment Analysis

According to Cognitive Market Research, the dominating category is 50-150 MT. Dump trucks are adaptable vehicles that can handle a variety of materials and purposes. Their payload capacity ranges from 50 to 150 metric tons. Large-scale earthmoving projects, mining, quarrying, and construction are among the industries that frequently use them.

The fastest-growing category in the Dump Trucks market is Above 150 MT. The segment expansion is attributed to the rising demand from the mining industry.

• Below 25 MT
• 251-50 MT
• 50-150 MT
• Above 150 MT

Dump Truck Application Segment Analysis

According to Cognitive Market Research, the dominating category is construction. The increased usage of dump trucks in construction operations for the transportation or carrying of big loads like rock, concrete, iron, etc. is said to be the reason for the segment's growth. Both in developed and emerging countries, the building sector plays a major role in supporting regional administrations. Both the real estate and construction industries are being driven by the growing urbanization and industrialization. The expansion of the construction sector segment is being driven by the increasing transformation of infrastructure in response to the growing demand for people in both urban and rural locations.

The fastest-growing category in the Dump Trucks market is Mining. The mining business is expanding due to the growing demand for energy generation. The mining dump trucks are specialized vehicles with a short turning radius and powerful climbing capabilities that are used for lifting and carrying huge loads as well as discharging material.

• Construction
• Mining
• Agriculture & Forestry
• Others

Author's Detail

Sumedha Gosavi

Research Associate at Cognitive Market Research

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