Global Dump Trucks Market Size & Outlook, 2022-2030
Global dump trucks market, 2018-2030 (US$M)
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Global dump trucks market highlights
- The global dump trucks market generated a revenue of USD 7,111.9 million in 2022 and is expected to reach USD 12,502.6 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 7.3% by 2030.
- In terms of segment, articulated frame accounted for a revenue of USD 4,847.6 million in 2022.
- Articulated Frame is the most lucrative vehicle weight segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 7,111.9 million |
| Market revenue in 2030 | USD 12,502.6 million |
| Growth rate | 7.3% (CAGR from 2022 to 2030) |
| Largest segment | Articulated frame |
| Fastest growing segment | Articulated Frame |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rigid Frame, Articulated Frame |
Other key industry trends
- In terms of revenue, the North America accounted for 20.1% of the global dump trucks market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 254.1 million by 2030.
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Dump Trucks Market Scope
Dump Trucks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global dump trucks market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to dump trucks market will help companies and investors design strategic landscapes.
Articulated frame was the largest segment with a revenue share of 68.16% in 2022. Horizon Databook has segmented the Global dump trucks market based on rigid frame, articulated frame covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Dump Trucks Vehicle Weight Outlook (Revenue, USD Million, 2018-2030)
- <10
- 11to45
- 46>
- Rigid Frame
- Below 50 metric ton
- 50 to 300 metric ton
- Above 50 metric ton
- Articulated Frame
- Below 50 metric ton
- Above 50 metric ton
- Global Dump Trucks Engine Capacity Outlook (Revenue, USD Million, 2018-2030)
- Up to 250 HP
- 250-500 HP
- More than 500 HP
- Global Dump Trucks Propulsion Type Outlook (Revenue, USD Million, 2018-2030)
- Electric
- ICE
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Our clientele includes a mix of dump trucks market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global dump trucks market , including forecasts for subscribers. This global databook contains high-level insights into Global dump trucks market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global dump trucks market outlook size, by region, 2018-2030 (US$M)
Top 10 countries: Dump trucks market size, 2022 (US$M)
Global dump trucks market share, by vehicle weight, 2022 & 2030 (%, US$M)
Dump trucks market: Opportunity assessment by country
Global dump trucks market, by region, 2022 (US$M)
| Vehicle Weight | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,115.0 | 1,262.1 | 1,090.4 | 1,280.1 | 1,427.7 | 1,552.0 | 1,675.0 | 1,814.4 | 1,946.5 | 2,053.6 | 2,146.3 | 2,244.3 | 2,342.5 | 6.4% |
| Europe | 929.4 | 1,006.4 | 927.1 | 1,077.8 | 1,201.6 | 1,309.8 | 1,418.6 | 1,543.1 | 1,660.7 | 1,762.4 | 1,859.8 | 1,964.3 | 2,073.1 | 7.1% |
| Asia Pacific | 2,688.1 | 2,811.1 | 2,416.7 | 2,886.7 | 3,237.5 | 3,558.8 | 3,883.7 | 4,255.0 | 4,627.6 | 4,966.4 | 5,293.3 | 5,637.1 | 6,005.9 | 8.0% |
| Latin America | 547.1 | 645.1 | 573.2 | 671.6 | 739.8 | 794.7 | 845.3 | 907.6 | 967.2 | 1,019.5 | 1,070.3 | 1,127.5 | 1,188.9 | 6.1% |
| MEA | 455.5 | 478.5 | 403.6 | 450.8 | 505.3 | 553.6 | 603.7 | 662.6 | 714.9 | 754.0 | 791.0 | 841.9 | 892.3 | 7.4% |
| Overall | 5,735.2 | 6,203.1 | 5,411.0 | 6,366.9 | 7,111.9 | 7,768.8 | 8,426.3 | 9,182.6 | 9,916.9 | 10,555.8 | 11,160.7 | 11,815.0 | 12,502.6 | 7.3% |
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