Latin America Dump Trucks Market Size & Outlook, 2022-2030

The dump trucks market in Latin America is expected to reach a projected revenue of US$ 1,188.9 million by 2030. A compound annual growth rate of 6.1% is expected of Latin America dump trucks market from 2023 to 2030.
Revenue, 2022 (US$M)
$739.8
Forecast, 2030 (US$M)
$1,188.9
CAGR, 2023 - 2030
6.1%
Report Coverage
Latin America

Latin America dump trucks market highlights

  • The Latin America dump trucks market generated a revenue of USD 739.8 million in 2022.
  • The market is expected to grow at a CAGR of 6.1% from 2023 to 2030.
  • In terms of segment, articulated frame was the largest revenue generating vehicle weight in 2022.
  • Articulated Frame is the most lucrative vehicle weight segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.


Latin America data book summary

Market revenue in 2022USD 739.8 million
Market revenue in 2030USD 1,188.9 million
Growth rate6.1% (CAGR from 2022 to 2030)
Largest segmentArticulated frame
Fastest growing segmentArticulated Frame
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationRigid Frame, Articulated Frame
Key market players worldwideVolvo AB ADR, Caterpillar Inc, Komatsu Ltd, Hitachi Ltd, XCMG


Other key industry trends

  • In terms of revenue, Latin America region accounted for 10.4% of the global dump trucks market in 2022.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 6,005.9 million by 2030.

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Dump Trucks Market Companies

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Latin America 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 67.67% in 2022. Horizon Databook has segmented the Latin America dump trucks market based on rigid frame, articulated frame covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America dump trucks market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America dump trucks market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America dump trucks market outlook size, by country, 2018-2030 (US$M)

Latin America Dump Trucks Market Outlook Share, 2022 & 2030 (US$M)

Latin America dump trucks market outlook size, by country, 2018-2030 (US$M)

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