The global rigid dump truck market was worth US$2230 mn in 2018 and the report suggests that it will reach US$2190 mn by 2025, moving at a CAGR of -0.3% during the period of 2018 and 2025. QY Research discusses the future of the market in its latest report, titled “Global Rigid Dump Truck Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application.”
Global Rigid Dump Truck Market: Drivers
The global rigid dump truck market is rising with the increasing mining activities. The demand for different metals such as silver, gold, iron ore need the help of rigid dump truck to transport them from mines. The need to increase the mining activity is growing, and along with it, the need for rigid dump truck. Construction sites have growing demand for rigid dump truck as well. The construction of high rise buildings in urban landscapes that requires transportation of heavy materials is expected to bode well for the market.
Global Rigid Dump Truck Market: Segment Analysis
The global rigid dump truck market is segmented by type and application. In terms of type, the market is segmented into the human driver and autonomous. In terms of applications, the market is segmented into mining and construction. Rigid dump truck is mostly needed for heavy dumping and carrying metal ores, which will make it highly relevant to the mining and construction industry.
Global Rigid Dump Truck Market: Regional Analysis
On the basis of region, the global rigid dump truck market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific is currently leading the position in the global rigid dump truck market. The growing construction industry in Asia Pacific is expected to augment the demand for rigid dump trucks. The increasing mining activities in China and India will boost the revenue for the regional market.
Global Rigid Dump Truck Market: The Key Players
The key players studied in the global rigid dump truck market are Hitachi, Caterpillar, Komatsu, Belaz, Liebherr, Astra, Volvo, Volkswagen, Weichai, SANY, Sinotruk, DAIMLER, XCMG, and SIH. The increasing demand for various metals in different sectors including jewelry industry to heavy construction proves that the global rigid dump truck market has a lot of prospect for the future, and the companies are working hard to stay in the challenging field of global rigid dump truck market.
Full Report Overview@ https://www.qyresearch.com/index/detail/1076338/global-rigid-dump-truck-market