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The global dump trucks market is expected to grow from $44.28 billion in 2021 to $48.71 billion in 2022 at a compound annual growth rate (CAGR) of 9.99%. The global dump trucks market size is expected to reach $66.63 billion in 2026 at a CAGR of 8.15%.

The increasing government funding for substantial infrastructure is expected to drive the growth of the dump trucks market.

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The dump trucks market consists of sales of dump trucks by entities (organizations, sole traders, and partnerships) that refer to large machinery that carries huge quantities of loose materials, including soil, sand, ores, gravel, and construction waste. The dump trucks are equipped with special tillage openings that allow the dumping of materials. They are used for earthmoving, construction, and mining operations.

Global Dump Trucks Market Segments Include:

By Type: Rear Dump Trucks, Side Dump Trucks, Roll-Off Dump Trucks

By Engine: Internal Combustion Engine (ICE), Electric Engine

By End User: Mining, Construction, Infrastructure, Military, Agriculture, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global dump trucks market in 2021.

Technological development is a key trend gaining popularity in the dump trucks market. The companies operating in the dump truck sector are focusing on the development of electric dump trucks with AC control and other capabilities to improve efficiency and productivity while reducing the cost of ownership and environmental impact.

TBRC’s Dump Trucks Market Report Covers:

Major Market Players: Hitachi Construction Machinery, XCMG, Komatsu Limited, Sany, Liebherr, OJSC BelAZ, Caterpillar Inc., John Deere, Rokbak, AB Volvo, FAW Group, DUX Machinery Corporation, AEBI, JCB, Navistar International, and Peterbilt.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Dump Trucks Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides dump trucks market overviews, analyzes and forecasts market size, share, dump trucks market players, dump trucks market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s dump trucks market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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