MarketResearchNest.com adds “Global Rigid Dump Truck Market 2017-2021” new report to its
research database. The report spread across 72 pages with table and figures in
it.
Research
analysts forecast the global rigid dump truck market to grow at a CAGR
of 4.19% during the period 2017-2021.
"About Rigid Dump Truck
A rigid dump truck has a rigid frame at the rear, which
allows the open-box bed to move in only one direction. Like most commercial
vehicles, rigid dump trucks have a heavy-duty like chassis. The essential
components of rigid dump trucks are built around the rigid chassis, such as the
open box bed, engine, operator’s cabin, axles, and steering components. Rigid
dump trucks provide many advantages, such as enhanced maneuverability and
job-site efficiency, especially while operating under extreme off-road
conditions. Rigid dump trucks are not only comfortable to drive and operate on
asphalt and concrete roadways, but their components also allow their operation
on the most difficult road conditions, such as mining sites, where these trucks
have to haul over uneven terrains.
Covered in this report
The report covers the present scenario and the growth
prospects of the global rigid dump truck market for 2017-2021. To calculate the
market size, the report considers the PARC data of rigid dump trucks as on the
base year. The forecast is based on the cumulative demand for rigid dump
trucks.
Browse full table of contents and
data tables at https://www.marketresearchnest.com/global-rigid-dump-truck-market-2017-2021.html
The market is divided into the following segments based
on geography:
Americas
APAC
EMEA
Technavio's report, Global Rigid Dump Truck 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.
Technavio recognizes the following companies as the key
players in the global rigid dump truck market: Caterpillar, Komatsu, Hitachi
Construction Machinery, and XCMG Group
Other Prominent Vendors in the market are: AB Volvo,
Ashok Leyland, BEML, CHINA SINOTRUK INTERNATIONAL, Daimler Trucks North
America, Everstar, Iveco, LIEBHERR, OJSC BELAZ, Perlini Equipment, POWERPLUS
GROUP, Rimpull, SANY GROUP, Sinoway, TATRA TRUCKS, Terex Trucks, and XIANGTAN
ELECTRIC MANUFACTURING GROUP.
Commenting on the report, an analyst from Research team
said: “The latest trend gaining momentum in the market is Sustainable mining
solutions. Mining companies around the world are working toward practices that
are aimed at decarbonizing the global mining industry by adopting the use of
renewable energy. Mining companies are dedicated toward facilitating the
adoption of renewables for mines and increase the use of renewables in mining
projects. Mining companies are working toward numerous methods that can be
employed to reduce the use of carbon and the generation of emissions of the
global mining industry. The global mining industry is highly carbon intensive,
representing a significant amount of total world energy consumption. This can
be changed by using renewable energy.”
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According to the report, one of the major drivers for
this market is Growth in demand for precious metals. The demand for precious
metals, such as gold, silver, platinum, and diamond, is anticipated to grow
during the forecast period. With the expected stabilization in crude oil prices
by 2022, the global economy is anticipated to grow by 2022. This is expected to
increase the employment rate across many countries, in turn increasing the
disposable income of the population across various regions. The rise in
disposable income will drive the demand for precious metals, especially among
the growing middle-class urban population. Most of this demand is anticipated
to stem fast-growing economies, such as India and China, where the middle-class
population is expected to grow exponentially. Gold and silver have a dynamic
pricing in the business world and are used as a bullion investment. Apart from
being used in jewelry, these precious metals are also a great investment
opportunity.
Further, the report states that one of the major factors
hindering the growth of this market is Shortage of skilled operators. Rigid
dump trucks are ultra-heavy vehicles that can haul mining and construction
materials ranging from 100-500 tons. In addition, rigid dump trucks are used in
extreme conditions that are not suitable for general truck driving. These
vehicles are mostly used in hostile mining and construction sites that mostly
lack proper pathways and roadways for maneuvering the vehicle. Also, the use of
rigid dump trucks in extreme weather conditions, such as heavy rainfall and
snowfall, makes it very difficult to operate the vehicle.
The study was conducted using an objective combination of
primary and secondary information including inputs from key participants in the
industry. The report contains a comprehensive market and vendor landscape in
addition to a SWOT analysis of the key vendors.
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Buying at https://www.marketresearchnest.com/enquirybuy.php?reportid=279564
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