A Definitive Research Odyssey and the Trailblazing Trajectory of the Tipper Body Equipment Market towards 2032
In 2022, the market for tipper body equipment was valued at roughly US$ 27,345.2 million, and it is anticipated to increase to US$ 29,314.1 million by 2023. Additionally, because to increased tipper usage across numerous industries, such as waste management, construction, and mining, overall sales of tipper body equipment are predicted to grow at a 7.2% CAGR from 2023 to 2033, reaching a market value of US$ 54.806.1 million by that year.
In addition, cost-intensive capital and high maintenance
will also remain the long-term restraints for market growth. However, the high
initial costs of purchasing tipper body equipment are subsequently boosting the
establishment of tipper rental businesses and compelling those that are already
established to become more organized to cater to a growing trend of the rental
tipper body equipment.
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Global Tipper Body Equipment Market: Regional Insights
- A
regional analysis of the global tipper body equipment market by Future
Market Insights indicates that Asia Pacific (excluding Japan), North
America, Latin America, and Europe will be the key markets throughout the
next decade.
- APEJ,
driven by China and India, is projected to dominate with more than 28%
value share at the end of the assessed period with a gain of 180 BPS.
- North
America will remain the second-largest regional market that is expected to
bag over 23% share in 2026.
Global Tipper Body Equipment Market: Key Vendor Insights
- Among
some of the key companies operating in the global tipper body equipment
market landscape, Schmitz Cargobull AG and Hyva Global B.V. are likely to
continue representing leading revenue shares over the forecast period.
- Other
notable players include Crysteel Manufacturing Inc., Thompsons (UK) Ltd.,
BION INDUSTRIAL LLC, and F.X. MILLER.
- While
the majority of key players are strategising new product launches,
collaborations, and joint ventures, others are focusing more on production
capacity expansion and acquisitions.
Global Tipper Body Equipment Market: Overall Dynamics
With increasing urbanisation and thriving construction and
mining sectors, demand for tipper body equipment is expected to remain stable
in the coming years. Consistent demand from the waste management industry will
also drive the market for tipper body equipment. Furthermore, technological
innovation in tipper body products, such as redesigning the driver’s cabin in
tipping equipment and vehicles to provide the most convenient operating
experience possible, is expected to boost sales in the near future.
Manufacturers’ increasing use of advanced telematics systems
is expected to remain a key market driver over the next decade. During the
assessment, another key factor identified as potentially driving the market
growth is the rapid adoption of automation.
Another remarkable trend driving the market includes the
development of cost-competitive products to maximize penetration in emerging
economies, such as China, India, and South Africa. The development of effective
tipper body equipment with enhanced load-carrying capacity and provision of the
efficient buyer and drivers training by manufacturing entities are likely to
present lucrative growth opportunities. While product development with advanced
diagnosis systems can be a key to sustaining relatively mature markets, such as
North America and Western Europe; massive potential lies in developing
countries, including BRIC nations.
Global Tipper Body Equipment Market Segmentation
To understand and assess opportunities in the global tipper
body equipment market, we have divided the report into six sections based on
market segmentation as under:
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
- Hydraulic
- Pneumatic
By Frame Material
- Steel
- Aluminium
By End Use
- Mining
- Construction
- Waste
Management
- Marine
Services
- Others
By Region
- North
America
- Latin
America
- Western
Europe
- Eastern
Europe
- Asia
Pacific Excluding Japan (APEJ)
- Middle
East and Africa (MEA)
- Japan
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