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Tipper Body Market Size, Share & Industry Analysis, By Type (Roll-off Tipper Body, Rear Tipper Body, 3-Way Tipper Body), By Application Type (Construction, Mining, Marine Services, Waste Management, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105495 | Status : Ongoing

 

KEY MARKET INSIGHTS

Tipper body equipment is mounted on dump or tippers trucks in which it is lifted by pneumatic or hydraulic devices to unload the materials. These trucks are also known as dumper or tipper lorry and are employed to perform tasks such as lifting, loading, and transporting goods. Usually, tipper trucks transport lose materials such as stone chips, gravel, lose rocks, sand, etc. They are loaded from an elevated hopper, and at the destination, the truck is tilted to unload the cargo. A typical dump truck is equipped with an open box bed, which is connected at the rear and equipped with hydraulic tappets to lift the box bed. The rapid growth in the urbanization coupled with the expansion of the industrial sector is boosting the demand for tipper trucks in the construction and mining industries that is ultimately driving the development of the global tipper body market. Also, the increased adoption of advanced technology and automation innovation in the manufacturing industry has further increased its appeal to the consumers and industries. The increasing R&D investments by the prominent market players in the global market are expected to create numerous growth opportunities and novel trends for the global tipper truck body equipment market in the coming years.


Key Market Driver -

Increasing urbanization along with the expansion of the industrial sector is expected to drive the growth of the market in the forecast period.

Key Market Restraint -

High initial and maintenance costs coupled with lack of skilled personnel may hinder the growth of the market during the forecast period.


Market Segmentation:


Globally, the Tipper Body market is segmented by type, by application type, and by geographic coverage. Based on type, the market is further segmented into roll-off tipper body, rear tipper body and 3-way tipper body. The rear tipper body accounts for the largest share in the global market owing to its wide utilization in the construction and mining industries. The rear tipper body has a large transport volume and optimized external dimensions, because they can achieve the maximum payload with a lower tare weight through solutions optimized for every detail. The large dumping angle of the rear tipper helps the bulk material flow off easily. The newly designed dump truck achieves high tipping stability through the combination of the stabilizer and the new tipper body guide plate and the reduced design height. High tipping and lowering speeds accelerate the work cycle. The application type is further segmented into construction, mining, waste management, marine services among others. The construction and mining sector holds the major share in the global market owing to the increasing urbanization coupled with the rapidly expanding industrial sector. The growth in the construction of new residential buildings, and several public infrastructure projects as well as the increasing demand for raw materials and minerals is creating great opportunities for the tipper body trucks in the global market. Moreover, the growing automation and advanced technology has enhanced the quality of the tippers and tipper body equipment. In turn, this has led to an increase in the demand for such advanced equipment for performing heavy work on construction sites. Waste management is also one of the major industries, which is expected to show a considerable compound annual growth rate during the forecast period owing to the growing awareness of healthcare globally. According to the data of the United Nations Environment Programme (UNEP), about 2 billion tons of municipal solid waste and 7 to 10 billion tons of municipal waste are generated every year.

Key Players:


Major players operating in the global Tipper Body market include VFS (Southampton) Ltd,  Schmitz Cargobull AG, Thompsons (UK) Ltd., Cantoni & C S.p.A., Crysteel Manufacturing Inc., Ingimex Ltd., Daimler AG, Komatsu Limited, Hitachi Construction Machinery Co., Ltd., and Ashok Leyland Limited among others.

Key Insights



  • New Advancements in Tipper Body

  • Number of Products, Key Countries, 2019

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the Tipper Body market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America is the largest shareholder in the global market and is expected to maintain its dominance over the forecast period. The U.S. is the chief market in North America followed by Canada, and Mexico. This dominance is attributed to the well-established construction and mining industry coupled with the further expansion of the industrial sector in this region. Asia pacific holds the second largest position in the global market and is expected to grow at a faster rate over the coming years. China being the largest contributor followed by India, Japan, South Korea, and Australia are the major countries that generate maximum revenue in the tipper body market in this region. Also, the high demographic growth rate, rise in the disposable income and expanding industrialization are few of the significant factors that are creating demand in the construction and mining industry, thus fuelling the tipper body market in this region. Europe also shows a substantial growth in the global market owing to the development of advanced technology and automation innovation carried out by the prominent manufacturers in this region.

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Segmentation






















  ATTRIBUTE

  DETAILS

By Type



  • Roll-off Tipper Body

  • Rear Tipper Body

  • 3-Way Tipper Body



By Application Type



  • Construction

  • Mining

  • Marine Services

  • Waste Management

  • Others



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World






  • Ongoing
  • 2023
  • 2019-2022

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