Construction Dumper Market Growing at a CAGR of 5.2% from 2032

The global construction dumper market size was valued at $20.2 billion in 2022, and is estimated to reach $33.5 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032. 

Dumpers trucks are essential pieces of machinery designed to haul heavy loads of materials such as gravel or dirt. This construction equipment is highly adopted in mining, forestry & agriculture and construction sectors. However, there are two different kinds of construction dumpers trucks which includes rigid and articulated.

Articulated dump trucks provide greater flexibility by separating the cab and the body. However, rigid dump trucks may still prove more effective in certain working conditions and circumstances.

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Major driving factors of the construction dumper market are extensive increase in investments by governments, majorly in developing countries on constructing new infrastructures such as roads, dams, tunnels, residential & commercial buildings, and other public infrastructures.

Moreover, expansion of mining sector for extracting metals, coal and minerals are fueling the market growth. However, cost of construction dumpers is slightly high which negatively impacts the market.

In addition, lack of skilled & qualified operators and decrease in new construction activity are few factors that hinder the market growth. Moreover, introduction of technologically advanced equipment in mining sector is expected to provide future growth opportunities in the market.

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Increase in investment in infrastructure construction activities in Japan boosts the construction dumper market growth. For instance, in March 2021, in collaboration with the Asian Development Bank (ADB), Japan will provide a total of approximately $110 billion of quality infrastructure investment in Asia over the next five years. Such factors will drive the construction dumper market growth.

There are several new projects announced such as Mumbai-Delhi Expressway, worth $2,000 million that will be completed by 2023. Moreover, a total of over $150 billion have been allocated for concrete road construction. Moreover, in Union Budget 2022-23, The government has given a massive push to the infrastructure sector by allocating US$ 130.57 billion to enhance the infrastructure sector. 

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