The global demand for Tipper Body Equipment Market is presumed to reach the market size of nearly USD 4757.84 MN by 2028 from USD 3447.41 MN in 2021 with a CAGR of 5.71% under the study period 2022 - 2028.
A tipper body equipment is a large, heavy truck structure integrated with an open-top body that is used for digging activities, such as excavation. Tipper body equipment is fitted on dump or tipper trucks, where materials are loaded and unloaded using pneumatic or hydraulic lifts. These vehicles are referred to as dumper or tipper lorries and are used for lifting, loading, and carrying cargo. It is also used for moving piles of concrete, crushed stone, dirt, and other materials to and from building areas. The three types of equipment are the rear tipper body, three-way tipper body, and roll-off tipper body.
Market Dynamics
The tipper body equipment market is flourishing due to certain factors, such as a surge in construction and mining industries, increasing government initiatives and investments regarding waste management systems, rapid urbanization, and strong economic growth. Moreover, the ongoing infrastructural development, technological advancement in products for convenience, rising usage of sophisticated telematics systems, and increasing R&D activities are anticipated to create immense growth opportunities for the tipper body equipment market. Furthermore, increasing disposable income, new construction activities, rapid adoption of automation, healthy competition between manufacturers, and expansion of industries are a few other factors propelling the market growth of tipper body equipment during the forecast period.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of tipper body equipment. The growth and trends of tipper body equipment industry provide a holistic approach to this study.
Market Segmentation
This section of the tipper body equipment market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Tipping Type
- Roll-Off Tipper Body
- 3-Way Tipper Body
- Rear Tipper Body
By Load Carrying Capacity
- Below 15 Tons
- 15–30 Tons
- 30 Tons & Above
By Mechanism
By Frame Material
By End Use
- Mining
- Construction
- Waste Management
- Marine Services
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Tipper Body Equipment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Tipper Body Equipment Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the tipper body equipment market include Schmitz Cargobull AG, Crysteel Manufacturing Inc, Thompsons (UK) Ltd., Ingimex Ltd, VFS (Southampton) Ltd., Cantoni & C S.p.A., Bion Industrial LLC, F.X. Meiller Fahrzeug- u. Maschinenfabrik- GmbH & Co KG, Marrel, Hyva Global B.V. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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