26 December 2018, The U.S. Dump Truck Service Market to reach USD 20.64 billion by 2025, owing to the rise in the construction and mining activities in the country. The U.S. dump truck service market is expected to grow significantly owing to the rise in the expenditure in the construction industry as more and more number of construction projects are coming up in the New York City. The demand and need of dump truck services in the construction and mining activities is high. The dump trucks are the core of the construction industry as they help to move construction material from one place to another. They also have a major role in handling and delivering large load of material during building and construction activities. The dump trucks come in multiple sizes which can carry any load of rock, mulch, and dirt. The small dump trucks are basically used for residential and local deliveries which also haul away large amount of materials from the sites. The basic function of a dump truck is to deliver, transport, and haul the material from one site to another and with the rise in the number of companies offering dump truck services is expected to drive the growth for this market over the forecast period.
The non-liquid & non packaged cargo type dump truck segment dominated the market in 2016 and is expected to maintain its dominant position over the forecast period owing to the use of solid material during construction and building activities. Non liquid & non packaged cargo dump trucks are now a days equipped with GPS technology in order to give customer the control and so that customers can track the material and can control the loading and offloading. Additionally, there are specific laws on using the dump truck services in the U.S. states such as it mandatory to cover and secure the material and load while carrying the load to a distant site as sometimes they cause inconvenience to the frequent travelers on the road if the debris goes out of control and starts falling out hitting other vehicles. Some of the certifications are required by the driver to drive the dump truck such as dump truck operations CBT certificate and dump truck tailgate removal and installation CBT certificate in the U.S.
The use of dump truck services in the U.S. is mainly in the construction and mining industry. Dump trucks are a basic necessity and requirement on the construction site for various activities such as land moving, hauling of heavy materials, transport and haul dirt and other materials to, and fro from the site. The dump truck services offer facilities such as yard waste removal, topsoil and mulch delivery, construction waste removal, swimming pool dirt removal swimming pool base material delivery, hauling agricultural products and dredge materials, rock and stone delivery, sand and gravel delivery, industrial waste, excess dirt removal and snow removal for residential and commercial customers.
The market for dump truck services is fragmented and competitive in nature. There are several players in the market delivering services in the U.S. and the competition is expected to grow over the forecast period. With the rise in the construction activities in the country the players are also focused on providing building and other material in order to increase their sales in the market.
Hexa Research has segmented the U.S. dump truck service market report based on type and end-use:
Segmentation by type, 2015 - 2025
- Non liquid & non packaged cargo
- Others
Segmentation by end-use, 2015 - 2025
- Construction industry
- Mining industry
- Others
Key players analyzed
- Terex Trucks
- Caterpillar
- Komatsu
- Hitachi Construction Machinery
- John Deere
The U.S. forklift market is expanding owing to the swift infrastructural development and industrialization, mainly in the industrial, commercial, and housing industry and is expected to grow significantly over the forecast period.
The Forklift industry in the U.S. is undergoing constant innovations and technological advancements owing to the rapid advancement of fabrication techniques and high end use of forklifts in the construction industry, which is expected to fuel the forklift market growth over the forecast period.The electric type forklift trucks segments held the largest share in the market and is expected to grow at a significant rate over the forecast period.
The electric type forklift trucks are gaining popularity owing to the employment of several cutting-edge technologies and the ease of use in various end-use applications throughout industries such as construction industry, manufacturing industry, freight handling end-uses which is anticipated to fuel the growth of the forklift industry over the forecast period.
The electric forklift trucks are used for most of the warehouse and indoor applications.
They also come in compact sizes and can move standard loads while sustaining the capacity to completely function in small spaces around 11 feet wide.
Furthermore, they also have significantly less hours lost due to maintenance interruption and failure or breakdown and just need an AC power source to charge or a spare battery which is expected to drive the demand for electric forklifts over the forecast period.Forklifts trucks and industrial trucks mainly offer the competence of lifting, engaging, repositioning, depositing, and carrying several types of loads which is further anticipated to complement the industry growth in the coming years.
The statistical surveying report on the global Truck Loader Cranes Market has been presented by using professional or expert knowledge through standard and modified research approaches and forecasts.
The yearly forecast and predication for the years 2020 to 2025 have been enclosed by the report along with comprehensive analysis for all market segments and regions.
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For a thorough understanding, the report also offers market segmentation and regional analysis for the forecast period from 2020 to 2025.Get FREE Sample Report Copy @ https://www.decisiondatabases.com/contact/download-sample-42267According to this study, over the next five years, the Truck Loader Cranes market will register a 4.5% CAGR in terms of revenue, the global market size will reach US$ 2928.6 million by 2025, from US$ 2459.5 million in 2020.
