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Market Research Report
Product code
1064977
Construction Dumper Market with COVID-19 Impact Analysis, By Product, By Application, and By Region - Size, Share, & Forecast from 2021-2027 |
Construction Dumper Market with COVID-19 Impact Analysis, By Product, By Application, and By Region - Size, Share, & Forecast from 2021-2027 |
Published: March 1, 2022
AnalystView Market Insights
Content info: 309 Pages
Delivery time: 2-3 business days
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The global Construction Dumper market was valued at USD 15,804.7 million in 2020, growing with 4.7% CAGR during the forecast period, 2021-2027.
A construction dumper refers to a compact construction vehicle, which includes a front and rear-mounted skip utilized to transport construction and mining materials around a site or for dumping the material at the desired location.
Market Dynamics
The increasing smart city projects and growing government initiatives regarding the provision of residence to the middle and lower economic class population, and the requirement to enhance transport facilities to drive the trade avenues of the country are expected to present strong growth prospects for the construction dumper market during the forecast period. 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, it is stated that the development of smart city projects in India is near to 600 and around 285 similar projects in China. Thus, smart city projects drive the demand for the construction dumper market during the forecast period.
Segment Analysis
Based on product, the construction dumper market is segmented into articulated and rigid. The rigid segment is expected to grow at the highest CAGR during the forecast period, as rigid dumpers are designed to transport rocky, large, and abrasive materials across well-maintained roads. On the other hand, the articulated segment led the market during the forecast period because it is designed to handle more difficult conditions, and run on varying grades during any weather.
Based on application, the construction dumper market is segmented into construction and mining. The construction segment is expected to hold the largest market share during the forecast period. The growth in the segment is attributable to the increasing construction activities in developed and developing countries across the globe. Besides, the mining segment is predicted to have notable growth during the forecast period owing to the increasing mining activities across the globe.
Regional Analysis
Based on region, the global construction dumper market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific region is expected to dominate the growth of the market during the forecast period owing to the increase in exploration activities as well as the presence of leading mining companies such as Rio Tinto, BHP Billiton, and others. Moreover, the increasing government initiatives to boost the mining activities in the region are projected to propel market growth during the forecast period. Besides, North America is expected to hold a significant market share during the forecast period due to the sustaining investments and supportive government policies.
COVID-19 Analysis
The COVID-19 pandemic negatively impacted various industries such as automotive, oil & gas, manufacturing, retail, and others due to the lockdown imposed by governments across the globe to limit the spread of the virus. Moreover, the disruption in the supply chain of the product and services is the main cause that affects the market growth during a pandemic. Similarly, the COVID-19 pandemic negatively impacted the growth of the construction dumper market owing to a break in the construction industry. For instance, according to data from AGC, 40% of construction firms have had to lay off staff due to the covid-19 outbreak. However, with the relaxation in the lockdown, the market is slowly recovering and is expected to grow at a constant pace in the future.
Competitive Landscape
The key player adopted various strategies to sustain in the market such as merger & acquisition, consolidation, investment, partnership, product launch, and divestment. Recently, in August 2021, John Deere and Hitachi Corporation entered into new license and supply agreements, which allow John Deere to retain manufacture, source, and distribute the cutting-edge lineup of Deere-branded excavators in the Americas. Moreover, in February 2019, Deere & Company introduced 6R Tractors by adding greater models, the 6250R, and 6230R that bring customers faster, stronger, smarter tractors in the 6 Family that excel in hauling, transport, and loader work.
Key features of the study:
This proposed research study on the construction dumper market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2021-2027), considering 2020 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for the construction dumper market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the construction dumper market
The impact of COVID-19 on construction dumper market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on the construction dumper market post-COVID will also be covered.
In order to give the users of this report a comprehensive view of the construction dumper market, we have also included a competitive landscape and key innovator analysis for the construction dumper market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the construction dumper market.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new launches, research & development, regional expansion of major participants involved in the market on a global as well as regional level.
The global construction dumper market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL CONSTRUCTION DUMPER MARKET KEY PLAYERS
AB Volvo
Ashok Leyland
Caterpillar
Mercedes-Benz Group AG
Deere & Company
Hitachi Construction Machinery Co., Ltd.
J C Bamford Excavators Ltd.
Komatsu Ltd
MAN
CNH Industrial N.V.
PACCAR Inc.
LIEBHERR
NAVISTAR
Podemcrane AD
GLOBAL CONSTRUCTION DUMPER MARKET, BY PRODUCT
Articulated
Rigid
GLOBAL CONSTRUCTION DUMPER MARKET, BY APPLICATION
Mining
Construction
GLOBAL CONSTRUCTION DUMPER MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Singapore
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of MEA