Dump Trucks Market Size, Share & Trends Analysis Report By Engine (ICE (Diesel/Gasoline), Electric), By Type (Rear, Side, Roll-off), By End Use (Mining, Construction), By Region, And Segment Forecasts, 2025 - 2030

Dump Trucks Market Size & Trends

The global dump trucks market size was valued at USD 67.2 billion in 2024 and is projected to grow at a CAGR of 7.1% from 2025 to 2030. The rapid growth experienced by the construction industry, rising use in the mining business, adoption of modern technologies in manufacturing processes, and technological advancements in product features, including engines and capacities, are some of the key growth drivers for this market.

Dump trucks are extensively used in the thriving construction industry for effective off-road transportation of multiple materials, including sand, demolition waste, wood, stone, and metals. Unceasing growth in urbanization, increasing mining, and exploration activities in numerous countries, large-scale infrastructure enhancement and new development projects initiated in regions such as the Asia Pacific, growing demand for new establishments in the commercial real estate industry, and new launches coupled with the inclusion of advanced technology features are adding to the growth opportunities for this market.

Availability of improved technology tools, process automation solutions, electrification of vehicles, effective cost control measures, digitization, and use of modern technologies such as AI in the mining value chain, safety management, performance enhancements, and other areas have fueled the growth of the mining industry in various regions. This has significantly influenced the demand for dump trucks used in mining businesses.

New product launches by major market participants have also contributed to growth opportunities for the dump truck market. For instance, SANY India, a prominent construction and mining equipment company, launched the electric dump truck SKT105E in April 2024. It has a payload capacity of nearly 70 tons, zero emissions, and an innovation-based design.

Engine Insights

Based on engines, the ICE (Diesel/Gasoline) segment dominated the global market with a revenue share of 98.0% in 2024. ICE-based vehicles are traditionally used in multiple businesses to transport materials in large quantities. This includes construction, mining, waste management, winter services, road development, and more. Diverse operational requirements, payload capacity requirements, difficult terrains, and growing demand for effective transportation solutions in the construction industry have contributed to the growth of this segment in recent years.

The electric engines segment is expected to experience the fastest CAGR of 29.8% from 2025 to 2030. The increasing focus of manufacturers to provide effective sustainability solutions, rising demand for zero-emission products, the emphasis of multiple economies on significantly reducing carbon footprint, and increasing awareness regarding the urgency of actions to address climate change are anticipated to drive growth for this segment. Ease of availability and accessibility, integration of modern technologies, rising inclusion of advanced technology solutions, and enhanced research and development activities are adding to the growth opportunities of this market.

Type Insights

The rear dump trucks segment held the largest revenue share of the global market in 2024 owing to large-scale utilization in industries such as construction, infrastructure development and enhancements, mining, transportation, and others. Unceasing growth in urbanization has led to an increase in new constructions. Infrastructure development and improvement initiatives in countries such as China and India have recently reached a new high. These aspects have contributed to the rising demand for effective transportation of materials such as sand, demolition waste, bricks, stones, iron rods, and more.

The side dump trucks segment is projected to experience the fastest CAGR during the forecast period due to the enhanced abilities provided by the product, ease of use in difficult terrains, and increasing utilization for particular activities such as site preparations, excavations, stockpiling, agricultural activities, and others. Side dump trucks are extensively used to rapidly unload materials in road construction, repair, or enhancement activities.

End Use Insights

Based on end use, the construction sector dominated the global dump trucks market in 2024 owing to the rising use of the products in the industry for efficient transportation and timely delivery or removal of key materials such as sand, stones, bricks, iron rods, metals, demolition waste, and others. Growing demand for customer-friendly housing solutions in urbanized areas, rising development of smart commercial spaces, increasing industrial activities in certain countries, and large-scale infrastructure developments in developing economies are expected to drive the growth of this segment in the approaching years.

The mining sector is projected to experience a significant CAGR from 2025 to 2030 owing to a rise in mining activities supported by the growing availability and accessibility of modern technologies, the inclusion of Artificial Intelligence (AI), Internet of Things (IoT), and Machine Learning (ML), advanced exploration techniques, and adoption of sustainability approaches. This market is also influenced by the mining industry's focus on decarbonization. For instance, in August 2024, Antofagasta Minerals, a key mining industry participant and major company in technology and innovation, ABB, signed a Memorandum of Understanding (MoU) to fast-track decarbonization activities through electrification and automation of multiple mining processes, specifically in Chile.

Regional Insights

North America dump trucks market is projected to experience the fastest CAGR of 8.3% from 2025 to 2030. Mining for resources such as coal, iron, copper, nickel, gold, silver, bauxite, and others has been one of the prominent industries in North America. The demand for sustainable transportation solutions, such as electric dump trucks from the mining industry and large-scale infrastructure developments in the construction sector, is expected to drive the growth of this market in the next few years.

U.S. Dump Trucks Market Trends

The U.S. dump trucks market held the largest revenue share of the regional industry in 2024 owing to factors such as rising demand from the construction industry empowered by growing investments and growth in non-residential construction projects in the country, increasing mining activities, and a large number of active mines, which require effective transportation solutions.

Asia Pacific Trucks Market Trends

Asia Pacific dump trucks market dominated the global industry with a revenue share of 69.7% in 2024 owing to rising mining and construction activities in the region, growing infrastructure development and enhancement projects in countries such as India, China, and others, increasing demand for decarbonization solutions such as electrification of vehicles including dump trucks, and regulatory scenarios.

The China dump trucks market held the largest revenue share of the regional industry in 2024. Increasing investments in mining activities, the improved focus of construction and mining businesses on reducing carbon emissions, critical infrastructure development and enhancement projects, and rising use by the military and defense for new construction are expected to drive the growth of the dump trucks market in China.

Europe Dump Trucks Market Trends

Europe was identified as a key global dump truck market region in 2024. Demand for lightweight, fuel-efficient, and durable transportation solutions from multiple industries such as construction, mining, retail, automotive, and others is one of the key growth drivers for this market. The regulatory scenario for the mining industry and the requirement of compliance with high ESG standards are also expected to drive the growth of this market in the approaching years.

Germany dump trucks market dominated Asia Pacific in 2024 owing to the presence of a robust manufacturing industry, rising new developments in construction activities, growing adoption of sustainable construction practices, new investment in infrastructure developments, and a strong focus of Construction agencies on reducing carbon emissions. The availability of advanced electrified dump trucks equipped with zero-emission technology and modern advancements in assistance features are also influencing this market.

Key Dump Trucks Company Insights

Some of the key players operating in the dump trucks market are AB Volvo, FAW Trucks Qingdao Automobile Co., Ltd, Aebi Schmidt Group, Daimler Truck AG, and others. Major market participants are adopting innovative strategies, enhanced research and development, new collaborations, acquisitions, and more to address the growing demand for sustainability-driven products.

Recent Developments

• In July 2024, Vale, a prominent mining company, special technologies developer Komatsu, and Cummins Inc., a key participant in the power solutions market, announced a collaboration aimed at developing large trucks with payload capacity of 230 to 290 tons, empowered by ethanol and diesel. The Dual Fuel project emphasizes Vale’s strategy to reduce scope 1 and 2 carbon emissions significantly.

• In June 2024, XCMG Machinery, one of the top companies in the construction machinery market, introduced a new hydrogen fuel cell dump truck, EHSL552F. The new truck has a high-power battery system and a 120kW hydrogen fuel cell. This addition to its portfolio is expected to assist mining industry users in significantly reducing daily carbon emissions.

Dump Trucks Market Report Scope

Global Dump Trucks Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global dump trucks market report based on engine, type, end use, and region.

• Engine Outlook (Revenue, USD Billion, 2018 - 2030)

  • ICE (Diesel/Gasoline)

  • Electric

• Type Outlook (Revenue, USD Billion, 2018 - 2030)

  • Rear

  • Side

  • Roll-Off

• End Use Outlook (Revenue, USD Billion, 2018 - 2030)

  • Construction

  • Mining

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)      

  • North America

    • U.S.

    • Canada

    • Mexico     

  • Europe

    • U.K.

    • Germany

    • France     

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea     

  • Latin America

    • Brazil     

  • MEA

    • KSA

    • UAE

    • South Africa