Home > Construction > Construction Equipment > Off-Highway Dump Truck Market

Off-Highway Dump Truck Market Trends

Report ID: GMI7803
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

Off-Highway Dump Truck Market Trends

The off-highway dump truck industry is witnessing a significant trend toward electrification and alternative fuels. Manufacturers are increasingly focusing on developing electric and hybrid off-highway dump trucks to address environmental concerns and meet stringent emission standards. This shift involves the integration of advanced technologies including battery-electric and hybrid systems to reduce the carbon footprint of these heavy-duty vehicles.

The off-highway dump truck market is experiencing a notable trend focusing on enhanced payload capacities. This shift responds to the rising demand for efficient material transportation in the mining and construction sectors. Manufacturers are also developing trucks with higher payload capacities to optimize productivity, allowing for larger quantities of materials to be transported in a single trip. This trend improves operational efficiency and also increases productivity & cost-effectiveness in heavy-duty material handling applications.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of off-highway dump truck was worth USD 10.1 billion in 2023 and is expected to register 7.1% CAGR from 2024 to 2032, owing to increased infrastructure projects and mining activities worldwide.

The rigid dump truck segment held approximately 70% share of the off-highway dump truck industry in 2023 and is expected to register an appreciable CAGR through 2032, owing to its versatility and robust design.

Asia Pacific region captured around 40% share of the off-highway dump truck market in 2023, due to the rapid urbanization, infrastructure development, and increased mining activities in the region.

Belaz, Bell, BZK, Caterpillar, Doosan, Freightliner, Hitachi Construction Machinery, Hydrema, John Deere, Komatsu, Liebherr, and NHL are some of the major off-highway dump truck companies worldwide.