Construction dumpers find major application in transportation of loose materials such as gravel, sand, aggregates and other related materials and equipment. It consists of an open bed box at the back-end of the truck, with a hydraulic piston to lift the trailer or hauler for dumping the material at the required location. Several factors that include growth of infrastructure activities, growth of rental equipment industry, smart city infrastructure demands and the changing regulatory scenario for the emission standards are expected to fuel the industry growth through the forecast timeframe.
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Growing infrastructure activities, specifically for residential and transportation, are anticipated to be the primary growth factor
According to Coherent Market Insights, global construction market is expected to witness growth at over 3% CAGR over the forecast period, owing to high infrastructural developments taking place across the major economies, specifically that includes Middle East countries and emerging economies in Asia Pacific such as India, Malaysia and Indonesia.
For instance, a white paper released by Government Technology under the name, “Evolution of Smart Cities and Connected Communities”, co-sponsored by the United Parcel Service (UPS) and the Consumer Technology Association, have reported development of around 600 smart city projects in India and around 285 similar projects in China. Interest subsidies for first time home buyers in India, government initiatives to help build new residences on brownfield lands in UK are few of the instances supporting the development of residential sector.
Development of regulations to restrict the greenhouse gas (GHG) emissions are expected to drive the innovation in the heavy load vehicles
EU and U.S. among few other regions are taking substantial leaps to reduce the emission of pollutants and their impacts on the environment, in conjunction with the increased fuel economies. For instance, Environmental protection Agency (EPA) and National Highway Traffic Safety Administration (NHTSA) in U.S have introduced the requirement of reduction in emissions over the next few for heavy vehicles manufacturers.
Construction dumper accounts for the largest number of accidents in the infrastructure segments
Industry is highly consolidated owing to the presence of international players providing extensive portfolio for infrastructural development. However, industry is expected to remain moderately competitive owing to presence of regional dealers and contractors intervening the businesses in some regions. Key players in the construction dumper market include Caterpillar, Komatsu, J.C. Bamford Excavators, Ashok Leyland, AB Volvo, BEML, Asia Motor Works, CNH Industrial America, Deere & Company, Hitachi Construction Machinery, Kenworth, KAMAZ Motors, Mercedes-Benz, New Holland, Liebherr Group, and Navistar.
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