The analysts forecast the global tipper trucks market to grow at a CAGR of 9.54% during the period 2017-2021.
Global Tipper Trucks Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
Commenting on the report, an analyst from the research team said: One trend in the market is self-driving tipper trucks. The automotive industry is witnessing massive interest toward autonomous vehicles, especially in the passenger and commercial vehicle segments. Autonomous vehicles drive automatically using sensors and electronic control units; thus, do not require a driver.
According to the report, one driver in the market is infrastructure developments in BRIC countries. As the infrastructure development increases, it proportionally leads to the demand for tipper trucks, as these vehicles are mainly used for transportation in the construction and mining sectors. With BRIC nations investing largely in the construction, transportation, and mining industries, the demand for tipper trucks is expected to increase.
Further, the report states that one challenge in the market is high manufacturing costs of tipper trucks. The manufacture of tipper trucks is capital intensive. Components such as braking systems, suspension systems, and hauling and steering cylinders involve a high level of precision during manufacture, which increases the manufacturing costs. Raw materials such as stainless steel, hardened steel, cast iron, and other metal alloys are involved in the manufacturing of these trucks.
- Hitachi Construction Machinery
Other prominent vendors
- Abbott Vascular
- Biosensors International
C. R. Bard
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Geographical segmentation
Part 07: Decision framework
Part 08: Drivers and challenges
Part 09: Market trends
Part 10: Vendor landscape
Part 11: Key vendor analysis
For more information about this report visit https://www.researchandmarkets.com/research/jz937q/global_tipper