A Dump Truck for the 21st Century Professionalمنذ 9 أشهر - Automobiles - Algiers - 176 الآراء
The market for truck dumper is expected to show a nominal growth on account of the constantly growing construction and mining industry around the globe. Rapid urbanization and industrialization have led to a boom in the construction activities especially across the developing economies of the world such as India, China, and Brazil among others. Furthermore, the booming infrastructural development in various economies of the world due the impressive economic growth has led to the development and up-gradation of the commercial infrastructure as well, which in turn is projected to augment the demand for dumper trucks. The growing demand for minerals has also led to an upsurge in the activities across the mining sector globally, thus, a significant growth in the investments in the mining sector in the major developing economies is further widening up the opportunities for the manufacturers over the next five years. Additionally, the constant participation by the major manufacturers operating under the market are playing a significant role in shaping up the global dumper truck market growth throughout the forecast period. Major players are heavily investing in R&D and are further launching new vehicles with advanced features to meet the growing requirements of the end-users.
However, the recent outbreak of the novel coronavirus disease is projected to negatively impact the growth during the short run as the temporary halt in the construction activities has led to a decline in the demand by the end-users. Also, the temporary suspension of manufacturing activities across the automotive sector due to a decline in demand is also inhibiting the market growth during a short period of six to eight months. Also, the longer average lifespan of these trucks coupled with the growing acceptance of pre-owned fleet are also considered to be some of the major factors that are expected to hamper the demand for the new fleet by the fleet owners as well, thereby expiated to negatively impact the market growth in the coming years.
Booming Investments in Infrastructure Development Is Driving the Growth
Infrastructure is considered as one of the most essential areas where truck dumper parts are used widely either for waste handling or material handling. Impressive economic growth in several countries around the globe has led the government to take various initiatives to the development of commercial infrastructure. Thus, an increase in the number of construction projects globally will bolster the demand for dumper trucks during the next five years. In the major emerging economies such as India and China urbanization and industrialization have led to an upsurge in the construction activities. According to the statistics from the Organisation for Economic Co-operation and Development,the infrastructure investment in road, rail, and air have increased significantly over the past years in the world’s fastest-growing economies, India and China.