Market Research Report
Tipper Trucks - Global Market Outlook (2017-2023)
|Published by||Stratistics Market Research Consulting||Product code||531907|
|Published||Content info||168 Pages
Delivery time: 2-3 business days
|Tipper Trucks - Global Market Outlook (2017-2023)|
|Published: June 1, 2017||Content info: 168 Pages||
According to Stratistics MRC, the Global Tipper Trucks Market is accounted for $37.22 million in 2016 and is expected to reach $78.35 million by 2023 growing at a CAGR of 11.2% during the forecast period. Rapid urbanization coupled with increasing infrastructure activities in emerging economies, recent technological developments in tipper trucks manufacturing, and raising logistic services around the globe are some of the factors bolstering the market growth. However, lack of truck operators, higher fuel costs are the major restraints limiting the market growth.
Global Tipper Trucks Market is segmented into truck types by small tippers, medium tippers, and split tippers. Asia Pacific is expected to witness huge growth in emerging countries such as China, Japan and India. The growth is attributed to increasing mining activities, rapid industrialization, and construction activities.
Some of the key players in global Tipper Trucks market include Ashok Leyland, Belaz, BEML, Caterpillar, Daimler AG, Hitachi Construction Machinery, John Deere, Komatsu, Mack Trucks, MAN Truck and Bus, Scania, Tata Motors, Terex Corporation, Volvo Trucks, and Western Star Trucks Sales, Inc.