GITNUX MARKETDATA REPORT 2024

Dump Truck Industry Statistics

The dump truck industry is expected to experience steady growth in the coming years due to an increase in construction activities and infrastructure development projects.

Statistic 1

"The global dump truck market size was valued at USD 39.97 billion in 2018."

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Statistic 2

"The market is anticipated to register a CAGR of 8.6% from 2019 to 2025."

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Statistic 3

"In 2020, the market size of the Dump Truck/Body & Dump Trailer is xx million US$."

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Statistic 4

"The growing infrastructure and construction activities globally are expected to drive the growth of the dump truck market."

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Statistic 5

"Rigid dump trucks accounted for 47.5% of the market share in 2018."

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Statistic 6

"The mining sector is expected to generate the highest revenue share in the dump truck market."

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Statistic 7

"Asia Pacific held 40% of the market in terms of revenue in 2018."

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Statistic 8

"An increase in mining activities in India, China, and Australia are expected to boost the dump truck market in the Asia-Pacific region."

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Statistic 9

"Key vendors in the industry include Caterpillar Inc., Komatsu Ltd., and Hitachi Construction Machinery Co. Ltd."

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Statistic 10

"Volvo Trucks saw a 14% increase in North America market share."

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Statistic 11

"In 2019, Caterpillar’s dump truck sector saw sales and revenue decrease by 2%."

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Statistic 12

"Over 7000 individual dump truck companies operate in the U.S. alone."

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Statistic 13

"The average price of a new dump truck is around $150,000, while used dump trucks can be priced as low as $30,000."

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Statistic 14

"Electric and fossil fuel-based dump trucks are expected to be a major focus in product development."

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Statistic 15

"There are over 1,011 special reporting dump truck drivers in the United States."

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Statistic 16

"The average lifespan of a well-maintained dump truck can be up to 15 years."

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