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Electric Construction Dump Trucks Market Share

Report ID: GMI10589
Published Date: Aug 2024
Report Format: PDF

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Electric Construction Dump Trucks Market Share

Caterpillar, Komatsu and Volvo Construction Equipment hold a significant market share of 58%, offering a wide range in the truck-as-a-service market. These companies have invested heavily in developing electric and autonomous construction trucks, addressing the growing demand for sustainable and efficient solutions.

Their comprehensive service offerings, which include maintenance, fleet management, and telematics, enhance operational efficiency and reduce downtime for customers. Additionally, their global distribution networks and strong after-sales support ensure reliable service delivery, making them the preferred choice for construction companies.

Electric Construction Dump Trucks Market Companies

The major players operating in the electric construction dump trucks industry are:

Caterpillar Inc.
Hitachi Construction Machinery
Komatsu Ltd.
Liebherr Group
Sany Group
Terex Corporation
XCMG Group

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of electric construction dump trucks reached USD 1.9 billion in 2023 and is set to register over 11% CAGR from 2024-2032, owing to the rising environmental regulations focused on a significant shift toward cleaner technologies in the construction industry worldwide.

Electric construction dump trucks industry from the manual operation segment held 50% share in 2023, due to construction sites being unpredictable and requiring quick, adaptable responses.

Asia Pacific market held over 37% share in 2023, due to strict environmental regulations and ambitious sustainability goals in the region.

Caterpillar Inc., Hitachi Construction Machinery, Komatsu Ltd., Liebherr Group, Sany Group, Terex Corporation, and XCMG Group, are some of the major electric construction dump trucks companies worldwide.