Asia Pacific Dump Trucks Market Size & Outlook, 2022-2030
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Asia Pacific dump trucks market highlights
- The Asia Pacific dump trucks market generated a revenue of USD 3,237.5 million in 2022.
- The market is expected to grow at a CAGR of 8% from 2023 to 2030.
- In terms of segment, articulated frame was the largest revenue generating vehicle weight in 2022.
- Articulated Frame is the most lucrative vehicle weight segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 3,237.5 million |
| Market revenue in 2030 | USD 6,005.9 million |
| Growth rate | 8% (CAGR from 2022 to 2030) |
| Largest segment | Articulated frame |
| Fastest growing segment | Articulated Frame |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rigid Frame, Articulated Frame |
| Key market players worldwide | Volvo AB ADR, Caterpillar Inc, Komatsu Ltd, Hitachi Ltd, XCMG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 45.5% of the global dump trucks market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,005.9 million by 2030.
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Dump Trucks Market Scope
Dump Trucks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| XCMG | View profile | 11-50 | Santiago, Region Metropolitana, Chile, South America | https://xcmg.cl |
| Volvo AB ADR | View profile | 104905 | Gropegardsgatan 2, Gothenburg, Sweden, 417 15 | https://www.volvogroup.com |
| Komatsu Ltd | View profile | 70608 | 3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan, 107-8414 | https://www.komatsu.jp |
| Caterpillar Inc | View profile | 121173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | https://www.caterpillar.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
Asia Pacific dump trucks market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to dump trucks market will help companies and investors design strategic landscapes.
Articulated frame was the largest segment with a revenue share of 68.86% in 2022. Horizon Databook has segmented the Asia Pacific dump trucks market based on rigid frame, articulated frame covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of dump trucks market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific dump trucks market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific dump trucks market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific dump trucks market outlook size, by country, 2018-2030 (US$M)
Asia Pacific Dump Trucks Market Outlook Share, 2022 & 2030 (US$M)
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