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Construction Dump Trucks Market Share

Report ID: GMI10575
Published Date: Aug 2024
Report Format: PDF

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Construction Dump Trucks Market Share

Sany Group, Caterpillar Inc., and Deere & Company hold a significant market share of over 57% in the construction dump trucks industry. This significant presence is attributed to several key factors. The companies boast extensive experience and expertise in heavy machinery manufacturing, gaining them trust and credibility among customers worldwide and their commitment to innovation ensures that their dump trucks are equipped with advanced features, delivering superior performance, efficiency, and durability.

Additionally, their global distribution networks and comprehensive after-sales support contribute to maintaining their stronghold in the market, strengthening their positions as industry leaders.

Construction Dump Trucks Market Companies

Major players operating in the construction dump trucks industry are:

Caterpillar Inc.
Deere & Company
Doosan Corporation
Hitachi Construction Machinery
Liebherr Group
Sany Group
XCMG Group

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of construction dump trucks reached USD 12.2 billion in 2023 and will register over 8% CAGR between 2024 and 2032, due the rising cost of constructing roads, highways, and bridges globally

The articulated segment in the construction dump trucks industry reached USD 7.5 billion in 2023, owing to the rising trend towards increased payload capacities and improved manoeuvrability.

The propulsion diesel segment generated over 79% of the market share in 2023, owing to the numerous refueling stations, fueling depots, and maintenance facilities

Asia Pacific market recorded over 42% share in 2023, due to large investments in infrastructure projects including roads, bridges, and industrial facilities.