Dublin, Nov. 15, 2024 (GLOBE NEWSWIRE) -- The "Dump Trucks Market Size, Share & Trends Analysis Report by Engine (ICE (Diesel/Gasoline), Electric), Type (Rear, Side, Roll-off), End-use (Mining, Construction), Region, and Segment Forecasts, 2025-2030" report has been added to ResearchAndMarkets.com's offering.
The global dump trucks market size is expected to reach USD 102.1 billion in 2030 and is projected to grow at a CAGR of 7.1% from 2025 to 2030.
Growing construction and mining activities, increased government spending on sustainable infrastructure, and technological advancements propelling demand for advanced dump trucks are anticipated to drive the market. The demand for these vehicles is linked to rising population, urbanization, and infrastructure developments. Increasing construction and mining activities in Asia Pacific, especially in India, China, and Australia, will drive the market over the forecast period.
The use of coal and other minerals for industrial applications is likely to increase over the next decade, thereby complementing the growth of the mining industry, which is further expected to drive the market. Autonomous haul trucks have the potential to improve performance, reduce cost, and improve safety to overcome challenges at mining sites. Also, electric and advanced dump trucks are in great demand owing to global concerns over reduction of carbon emission from passenger and commercial vehicles. Therefore, governments of various countries have made it mandatory for automotive manufacturers to comply with emission standards to reduce their carbon footprint. This, along with numerous R&D activities for integration of advanced battery technologies, is likely to augment demand of electric dump trucks over the forecast period.
Such factors are pushing automotive OEMs and technology companies to develop vehicles that are cost-effective and aid in emission reduction. For instance, Komatsu America Corp. announced the launch of a 400-ton haul truck with an electric drive system. The product has significant features like enhanced productivity, high power performance, superior operating comfort, and improved safety. Additionally, it eliminates fuel consumption and hence contributes to reduction in carbon emission.
Dump Truck Market Report Highlights
- The global market is expected to develop at a CAGR of 7.1% from 2025 to 2030 and reach USD 102.1 billion by 2030. Rising construction activities due to increased investments in infrastructure will drive the market over the forecast period
- Based on Type, 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.
- Asia Pacific dump trucks market dominated the global industry with a revenue share of 69.7% in 2024. Increasing construction and mining activities in the region, especially in India, China, and Australia, is anticipated to drive the market through 2030
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments
- Competitive Landscape: Explore the market presence of key players worldwide
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
The leading players in the Dump Trucks market include:
- AB Volvo
- Aebi Schmidt Group
- SANY
- FAW Trucks Qingdao Automobile Co., Ltd
- China National Heavy Duty Truck Group Co., Ltd.
- Daimler Truck AG.
- Dongfeng Motor Group Co., Ltd.
- Heil
- Caterpillar
- Deere & Company
- Magirus
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 100 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $67.2 Billion |
| Forecasted Market Value (USD) by 2030 | $102.1 Billion |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Dump Trucks Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.3. Dump Trucks Analysis Tools
Chapter 4. Dump Trucks Market: Type Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Dump Trucks Market: Type Movement Analysis, 2024 & 2030 (USD Million)
4.3. Rear
4.4. Side
4.5. Roll-Off
Chapter 5. Dump Trucks Market: Engine Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Dump Trucks Market: Engine Movement Analysis, 2024 & 2030 (USD Million)
5.3. ICE (Diesel/Gasoline)
5.4. Electric
Chapter 6. Dump Trucks Market: End Use Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. Dump Trucks Market: End Use Movement Analysis, 2024 & 2030 (USD Million)
6.3. Construction
6.4. Mining
6.5. Others
Chapter 7. Dump Trucks Market: Region Estimates & Trend Analysis
7.1. Dump Trucks Market Share, By Region, 2024 & 2030 (USD Million)
Chapter 8. Competitive Landscape
8.1. Company Categorization
8.2. Company Market Positioning
8.3. Company Heat Map Analysis
8.4. Company Profiles/Listing
- AB Volvo
- Aebi Schmidt Group
- SANY
- FAW Trucks Qingdao Automobile Co., Ltd
- China National Heavy Duty Truck Group Co., Ltd.
- Daimler Truck AG.
- Dongfeng Motor Group Co., Ltd.
- Heil
- Caterpillar
- Deere & Company
- Magirus
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