Tipper Truck Market: Insights into Trends, Revenue, and Opportunities from 2016-2026

According to a report by TechSci Research titled "Global Tipper Truck Market By Vehicle Type (Small, Medium & Large), By Size (4-Wheeler Rigid Tipper, 6-Wheeler Rigid Tipper, 8-Wheeler Rigid Tipper and Articulated-Wheeler Rigid Tipper), By Application (Mining & Construction), By Region, Competition, Forecast & Opportunities, 2026," the global tipper truck market was valued at approximately USD 27.97 billion in 2020 and is projected to reach USD 40.00 billion by 2026, growing at a CAGR of 6.30% in terms of value. The growth of the truck market is driven by factors such as increasing urbanization, construction activities, and ongoing improvements in road infrastructure. The Asia Pacific and North America regions dominate the global tipper truck market, accounting for the highest number of truck sales globally and holding a combined market share of around 70% in 2020. This trend is expected to continue in the coming years, as these regions have a higher usage of tipper trucks compared to other regions. Tipper trucks offer advantages over other means of transportation, such as wider accessibility to hilly regions and remote areas, which further contributes to the growth of the tipper truck market in remote regions.

Browse more than 135 market data Figures and spread through 110 Pages and an in-depth TOC on “Global Tipper Truck Market."

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The global tipper truck market is segmented based on vehicle type, size, application, and region. In terms of vehicle type, the market is categorized into small, medium, and large tipper trucks. The medium duty tipper truck segment dominates the market due to the increasing demand for material transportation in the construction industry. The preference for faster unloading systems and advanced hydraulics is fueling the demand for medium duty tipper trucks.

Based on vehicle size, the market is segmented into 4-wheeler rigid tipper, 6-Wheeler rigid tipper, 8-wheeler rigid tipper, and articulated wheeler rigid tipper trucks. The 6-wheeler rigid tipper segment holds the largest market share in terms of volume in 2020, attributed to its high load carrying capacity, lower fuel requirement, and reduced cost compared to 8-wheeler rigid tipper and articulated tipper trucks. The 6-wheeler rigid tipper trucks are commonly used for material transportation in small and large construction and mining projects across various sectors.

In terms of application, the market is segmented into construction and mining. Tipper trucks are extensively used in construction projects for transporting materials such as granular subbase, macadam layers, and bitumen mixes. The growth of the construction sector drives the demand for material transportation and subsequently, the demand for tipper trucks. Therefore, the construction sector holds the largest market share in terms of volume in 2020.

In 2020, the sales of tipper trucks declined compared to 2019 due to the strict lockdown measures implemented worldwide to combat the COVID-19 pandemic. The temporary closure of factories, including tipper truck manufacturing facilities, resulted in production losses for the market. Social distancing norms and limited workforce further disrupted the workflow of truck manufacturing facilities. However, the market is displaying positive signs of recovery and is expected to rebound in the coming years.

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OJSC Belaz, Caterpillar Inc., Hitachi Construction Machinery Co. Ltd., Komatsu Limited and others which include Ashok Leyland Limited, Scania AB, MAN Truck & Bus AG, Tata Motors Limited, AB Volvo, BEML Limited, etc. are the leading players operating in the global tipper truck market.

 Various upcoming construction projects from different sectors such as real estate, road infrastructure, industrial projects coupled with growing activities in global mining sector is likely to boost the tipper truck market during the forecast period. Moreover, favorable government policies regarding the construction projects, developing new seaports, developing real estate and housing projects are anticipated to fuel the tipper truck market in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Tipper Truck Market By Vehicle Type (Small, Medium & Large), By Size (4-Wheeler Rigid Tipper, 6-Wheeler Rigid Tipper, 8-Wheeler Rigid Tipper and Articulated-Wheeler Rigid Tipper), By Application (Mining & Construction),  By Region, Competition, Forecast & Opportunities, 2026” has evaluated the future growth potential of the global tipper truck market and provides statistics & information on market size, structure and future market growth. The report intends to provide latest market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the global tipper truck market.

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