Tipper Body Equipment Market
Tipper Body Equipment Market: China Likely to Emerge as the Next Frontier of Growth in the APEJ Market: Global Industry Analysis and Opportunity Assessment 2016–2026
- 2017-01-16
- REP-GB-1728
- 232 pages
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An Incisive, In-depth Analysis on the Tipper Body Equipment Market
This study offers a comprehensive, 360 degree analysis on the Tipper Body Equipment market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Tipper Body Equipment market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
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Request Covid -19 ImpactThe APEJ region is anticipated to hold more than one-fourth value share of the global tipper body equipment market over the forecasted period
APEJ accounted for more than 20% value share of the global tipper body equipment market in 2016 and is estimated to reach close to 30% share by the end of 2026. The region is projected to gain more than 150 BPS by the end of 2026 as compared to that in 2016. The APEJ region is forecasted to lead the global tipper body equipment market in terms of CAGR and is expanding at a healthy CAGR of 4.8% over the assessment period. The region is anticipated to reach a market valuation of more than US$ 1,000 Mn by the end of 2026. China is estimated to hold more than one-fourth of the value share in the APEJ tipper body equipment market between 2016 and 2026.
Rising urbanisation and new construction activities in APEJ are expected to boost the global tipper body equipment market
Tipper body equipment is installed on tippers or dump trucks. It has a wide application in the construction industry and is used to make tasks such as lifting, loading and transportation more productive. Rising urbanisation and new construction activities in APEJ region are expected to boost demand for tipper body equipment in building and construction tasks and this is eventually driving the development of the global tipper body equipment market. Another factor that is creating a lucrative market for tipper body equipment is the healthy competition between manufacturers in the APEJ region.
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The growing technology and automation innovation in the manufacturing sector has further increased its attractiveness among consumers and industries
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Increased research and development initiatives by prominent market participants in the APEJ market are expected to create several growth opportunities and new trends in the global tipper body equipment market in future
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The growth of the mining market in the APEJ region is also anticipated to create a lot of opportunities for players in the global tipper body equipment market and in turn fuel up production and sales.
The rear tipper body segment is projected to hold the largest market value share in the APEJ tipper body equipment market during the projected period
By tipping type, the rear tipper body segment is expected to hold more than one-half of the market share in terms of value in the APEJ market. The rear tipper body segment accounted for more than 60% value share of the APEJ tipper body equipment market in 2016 and is estimated to reach more than 70% market value share by the end of 2026. The segment is likely to expand at a healthy CAGR of 5.3% over the forecast period in the APEJ region. By load carrying capacity, the 15-30 ton segment is anticipated to hold more than half the value share in the APEJ market. By mechanism, the hydraulic segment accounted for more than 90% value share in the APEJ tipper body equipment market in 2016. By frame material, the steel segment is expected to hold more than three-fourths of the value share in the APEJ region between 2016 and 2026.
Netherlands based Hyva Global B.V is focussing on establishing joint ventures with major players in the APEJ region
Netherlands based Hyva Global B.V is largely focussed on expanding its tipper body business by increasing its product portfolio and capacity expansion in high growth markets. The company is planning to make strategic investments and is emerging as a leading manufacturer of parts and components for commercial vehicles, especially for pick and carrying transport vehicles in the region. This company is focussing on establishing joint ventures with all major players in the APAC region, especially in China, Japan and India, to increase its overall global sales and develop a foothold in the emerging markets for automobiles.
Future Market Insights in a latest report titled “Tipper Body Equipment Market: Global Industry Analysis and Opportunity Assessment, 2016–2026” offers detailed insights and in-depth research on the global tipper body equipment market over a 10-year forecast period. The primary objective of the report is to offer insights into developments in the global tipper body equipment market that are significantly transforming global businesses and enterprises. The report covers the important factors driving the growth of the global tipper body equipment market, untapped opportunities for manufacturers, trends and developments shaping the dynamics of the global tipper body equipment market and other insights across various key segments. The report also identifies the drivers and restraints affecting the growth of the global tipper body equipment market. Changing trends are also analysed and incorporated in the report to equip the client with exhaustive information about the market resulting in better decision making. Macroeconomic factors that directly and indirectly affect the growth of the global tipper body equipment market are also incorporated in the report. Our analysts have observed that presently tipper body equipment is not only used in construction and mining sites but is also used for internal transportation of materials in regions such as North America, Europe and APEJ.
Our report also highlights the country-wise demand for tipper body equipment. It sets the forecast for the period of 2016-2026 within the context of the global tipper body equipment market, including the new technological developments as well as product offerings for niche applications. A comprehensive competitive landscape has been included towards the end of the report to provide readers with a dashboard view. The report provides market analysis of the tipper body equipment market on the basis of market share of key manufacturers. Detailed profiles of manufacturers are also included within the scope of the report to evaluate key strategies, offerings and recent developments in the global tipper body equipment market.
Report Description
Future Market Insights’ report begins with an overview of the tipper body equipment market and market definitions. Our analysts present the executive summary along with market taxonomy where we have segmented the global tipper body equipment market on the basis of tipper type, load carrying capacity, mechanism, frame material, end use and region. Our analysts offer an unbiased analysis of overall market approach, target geographies and different strategies adopted by key players across the globe to strengthen their market position in the next few years.
The report further highlights the global tipper body equipment market value chain, which focuses on tipper body equipment manufacturers, OEMS and end-use industries. Product cost teardown analysis of the global tipper body equipment market has also been covered in this report. Yearly change in inflation rate has not been considered while forecasting market numbers. Tipping type Product-wise weighted Average Selling Price (ASP) has been considered to deduce market values. A bottom-up approach has been used to assess market numbers for each product category while a top-down approach has been used to counter validate the market estimations. Macroeconomic indicators such as GDP, manufacturing sector growth, global trade statistics, construction industry growth and mining industry growth have been considered.
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:
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By Tipping Type |
By Load Carrying Capacity |
By Mechanism |
By Frame Material |
By End Use |
By Region |
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Research Methodology
Market volume is inferred through in-depth secondary research and validated from industry experts through primary interviews. Each interview is thoroughly analysed and average market volume is deduced and reconfirmed prior to incorporating in the report. The price of tipper body equipment is deduced basis the tipping type, where the average price of each tipper body equipment type is inferred across all the seven assessed regions. The market value of the global tipper body equipment market is thus calculated from the data provided by the average selling price and market volume.
For the 10-year forecast of the global tipper body equipment market, various macroeconomic factors and changing trends have been observed, giving relevant insights into the future of the global tipper body equipment market. Other important factors considered to arrive at market forecast are the size of the current market, data from the supply side and the demand side and other dynamics shaping the scenario of the global tipper body equipment market.
In our compilation of the report on the global tipper body equipment market, the forecasts are conducted in terms of CAGR, while other important criteria such as year-on-year growth and absolute dollar opportunity have also been incorporated, thereby presenting useful insights regarding future opportunities for growth in the global tipper body equipment market.
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