PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1211735
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1211735
Tipper body market size was valued at USD 80.23 Thousand in 2022, expanding at a CAGR of 6.2% from 2023 to 2030.
A Tipper body is also known as a roll-off tipper truck or dumpster truck that is used to load and unload material such as soil, stones, and grid with the help of rolling wheels. Additionally, it is majorly installed in light and heavy commercial vehicles to dump heavy loads. Moreover, tipper bodies are operated using a pneumatic cylinder and a hydraulic cylinder to dump the material in it. Furthermore, it is a better alternative over traditional tractor trailers that further drive the market demand.
Market Dynamics
Heavy-duty trucks are mostly used on the construction side for lifting, loading, and transportation of goods. Hence the rising construction activities globally are expected to propel the heavy-duty vehicle demand. In addition, increasing demand for light and heavy-duty trucks for mining and construction is projected to drive the tipper body market demand. However, maintenance cost for these tipper vehicles is significantly high which in turn is expected to hamper the tipper body market growth.
Moreover, tipper body trucks are used in factories for managing waste material that needs to be dumped regularly which further aided to increase the demand for the tipper body market. The COVID-19 harmed tipper body market globally. Lockdown imposed by the government in many regions leads to the temporary suspension of all businesses related to mining, construction, transportation, and manufacturing. As a result, manufactures reduced the production of the tipper bodies due to disruption in raw material.
Segmentation Analysis:
The Tipper Body Market is segmented on the basis of type, frame material, end-use, and by region.
The market is divided into three categories based on type: roll-off tipper body, 3-way tipper body, and rear tipper body. The roll-off tipper body segment is expected to possess the market. Roll-off tipper bodies are widely used in the waste management sector owing to their benefits such as better efficiency, low maintenance, and versatility.
The market is divided into two categories based on frame material: steel and aluminum. The steel segment is expected to possess the market share. Owing to the better quality steel tipper body is durable as tipper trucks need to be loaded and unloaded regularly.
The market is divided into two categories based on end-use: mining, construction, waste management, marine services, and others. The mining segment is expected to hold the market share. Growing mining activities across various regions coupled with increasing demand for heavy-duty trucks for transporting minerals such as iron and coal.
Competitive Landscape:
Due to the continued development in demand for heavy and light trucks in waste management, mining, and construction, the worldwide market for tipper bodies is made of both local and international producers, making it one of the most competitive sectors globally. Additionally, market players are focusing on increasing their presence in the market by adopting collaboration, strategies, R&D spending, and mergers & acquisitions to oppose competition. Companies sell their products through a variety of channels, such as retailers, end consumers, corporate websites, e-commerce websites, and distributors. Manufacturers compete on a variety of aspects, including product costs, performance, product making, technology, reputation, and availability.
For instance, in June 2023, Hyva India (P) Ltd., has launched an innovative and advanced bolted tipper, an alternative to welded tippers. It offers longer body life, higher durability, and reduced maintenance.
Key features of the study:
This proposed research study on tipper body market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year.
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for tipper body market.
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the tipper body market.
Impact of COVID-19 on tipper body market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on tipper body market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the tipper body market, we have also included competitive landscape and key innovator analysis for the tipper body 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 tipper body market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global tipper body market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows:
TIPPER BODY MARKET KEY PLAYERS
Daimler AG
Bion Group
Hyva Global B.V
Schmitz Cargobull AG *
Thompsons (UK) Ltd
Ingimex Ltd
VFS Parts and Aftersales
Cantoni & C S.P.A
Marrel SAS
Crysteel Manufacturing Inc.
Komatsu Limited
TIPPER BODY MARKET, BY TYPE
Roll-Off Tipper Body
3-Way Tipper Body
Rear Tipper Body
TIPPER BODY MARKET, BY FRAME MATERIAL
Steel
Aluminum
TIPPER BODY MARKET, BY END-USE
Mining
Construction
Waste Management
Marine Services
Others
TIPPER BODY MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA