Dump Trucks Market Analysis Report By Engine Type, By End-use, By Type And Segment Forecasts From 2019 To 2025

Report ID: MN17619970  |  Published: July 2020  |  No of Pages: 120
Format: Electronic (PDF)  |  Industry: Automotive & Transport

Industry Insights

The global dump trucks market size was accounted for USD 39.97 billion, in 2018. It is projected to grow at the CAGR of 8.6% during the forecast period, 2019 to 2025. Growing government investment in infrastructure & technological development of vehicles is projected to propel the market growth. According to World Mining Corporation, in 2016, mining production in the world increased to 16.9 billion tons from 11.3 billion in 2000. Thus, the rising mining activities are projected to proliferate the demand for dump trucks.

U.S. dump trucks market

Infrastructural development is a key element in urbanization. Increasing foreign direct investments across developing countries is boosting the growth of the infrastructure sector. Infrastructural development requires large construction building materials wherein dump trucks are used at the site for hauling and other movement operations. 

Rising mining activities owing to the high demand for natural resources, and minerals are proliferating the need for dump trucks. Moreover, manufacturers are launching energy-efficient trucks to reduce the impact of excavation and mining. Additionally, stiff regulations are enforcing manufacturers to look after an alternative option for diesel engines.  Combustion engine-based dump trucks are powered by mixed gasoline and electric engines. However, OEMs are manufacturing electric dump trucks under emission regulation to reduce carbon footprints. Companies are also looking to develop dump trucks by integrating machine learning, and AI technology.

Growing safety concerns in construction have resulted in the development of advanced technology-based dump trucks. For example, Caterpillar a dump truck manufacturing company offers a feature called cat command that helps in hauling operations. In addition, the company is engaged in developing automatic mining technology that reduces mining costs.

Type Insights

Depending on the type, the dump truck market is fragmented into the side, rear, and roll-offs. In 2018, the rear type segment accounted for a market revenue share of USD 25.7 billion. These dump trucks are widely used due to their articulated designed chassis. These vehicles are built with rigid tires which make them helpful in hauling operations.

The side type segment is expected to register the fastest CAGR owing to safety measures. These vehicles have a large loading capacity while unloading and dumping. Hydraulic rams are used to dump the load from both the left & right sides of the vehicle. The segment is anticipated to expand at a CAGR of 11.4% during the forecast period, 2019 to 2025. 

Engine Type Insights

Depending on the engine type, the market is fragmented into electric engines, and internal combustion engines (ICE). The ICE type segment is projected to contribute to more than 97.0% by the end of 2025. The lower cost of dump trucks is mainly boosting the demand for ICE-based vehicles. However, stiff government regulations on exhaust emission and fuel economy are increasing the demand for electric vehicles.

Furthermore, supportive government regulations, energy conservation plans are increasing the demand for electric trucks. The growing adoption of electric vehicles and the replacement of IC engines is also supporting market growth. OEMs are looking to develop high-speed & powered engines. Electric dump truck consumes 10.0% lesser fuel than that of mechanical drive-based trucks.

End-use Insights

In 2018, the construction segment led the market with a share of more than 63.0% in the overall market. Increasing infrastructural development and rising urban populations are boosting segmental growth. Moreover, rising spending on the real estate sector is expected to proliferate the demand for dump trucks.

The growing construction industry across developing and developed countries are projected to play a key role in market growth. Furthermore, increasing investments in infrastructure projects in South Asia, Middle East, and the Africa region are also contributing to market growth. 

Global dump trucks market

The mining segment is projected to grow at a substantial rate from 2019 to 2025. Increasing mining activities of an iron core, copper, and coal coupled with the growing automotive industry is fostering the growth of dump trucks in mining operations. The growing demand for mineralized fertilizers in the agriculture sector is augmenting mining activities.

Regional Insights

In 2018, Asia Pacific held the largest market share of 70.0% in the overall dump truck market. Rising investments by governments in mining activities in China and India are augmenting the market growth. In addition, supportive initiatives by the Indian government such as highway & road construction of Prime Minister Gram Sadak Yojana. Pradhan Mantri Awas Yojana and smart city projects are boosting market growth.

China is the world’s highest producer of coal. Furthermore, increasing copper mining along with growing refinery processes is projected to spur the growth of dump trucks. Growing consumption of coal and minerals for rising power generations & industrial production is supporting market growth. Gold mining activities in Australia are expected to offer potential growth opportunities for market growth. 

Impact of COVID-19

COVID-19 outbreak is predicted to have its ramification on the construction & infrastructure industry. During a pandemic, several construction projects have been affected, with delays in project work, shortage of labor force. Lockdown has slowed down the factory's operations, production of automobiles, and mining activities. Further, the lockdown for the COVID-19 crisis is expected to slow down the entire project completion. This is expected to negatively impact the demand for construction vehicles which include dump trucks. However, this impact is expected to affect the market in the short run, the construction sector is projected to grow at a healthy rate over the next few years propelling the demand for dump trucks.

Dump Trucks Market Share Insights

Leading players in the market include Daimler AG, Caterpillar, Komatsu Ltd, and AB Volvo. The key players are investing in research activities to gain a competitive edge over others. For example, Caterpillar invests huge money in R&D activities to develop innovative construction equipment.

Key players in the market engage in strategic activities such as new product launches, collaborations with component providers to remain competitive in the market.

Report Scope



The market size value in 2020

USD 48.7 billion

The revenue forecast in 2025

USD 72.4 billion

Growth Rate

CAGR of 8.6% from 2019 to 2025

The base year for estimation


Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Quantitative Units

Revenue in USD Billions, & CAGR from 2019 to 2025

Report coverage             

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Type, engine type, end-use, region

Regional scope

North America, Europe, Asia Pacific, Rest of the World.

Country scope

U.S., Canada, Mexico, Germany, U.K., France, China, Japan, India, South Korea.

Key companies profiled

AB Volvo; Caterpillar; XCMG; Komatsu Ltd.; Hitachi Construction Machinery Co., Ltd.

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global dump trucks market report on the basis of type, engine type, end-use, and region:

• Type Outlook (Revenue, USD Billion, 2015 - 2025)
    • Rear
    • Side
    • Roll-off

• Engine Type Outlook (Revenue, USD Billion, 2015 - 2025)
    • Internal Combustion Engine
    • Electric Engine

• End-use Outlook (Revenue, USD Billion, 2015 - 2025)
    • Construction
    • Mining
    • Others

• Regional Outlook (Revenue, USD Billion, 2015 - 2025)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • U.K.
        • Germany
        • France
    • The Asia Pacific
        • China
        • India
        • Japan
        • South Korea
    • Rest of the World

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