Tipper Body Equipment Market will gain a slight uptick to reach US$ 4,996.7 Mn by the end of 2026
VALLEY COTTAGE, N.Y. – In a recent market outlook titled “Tipper Body Equipment Market: Global Industry Analysis and Opportunity Assessment 2016–2026,” Future Market Insights provides in-depth analysis of the global market for tipper body equipment within a 10-year forecast period, 2016-2026.
Over the decade, the market is likely to exhibit a value CAGR of 4.2%. According to Future Market Insights, the market worth US$ 3,324.4 Mn will possibly cross US$ 4,000 Mn in 2021 and will gain a slight uptick to reach US$ 4,996.7 Mn by the end of 2026. The overall growth outlook seems to be moderate.
Global Tipper Body Equipment Market: Segment-wise Insights
By tipping type, rear tipper body segment will continue to dominate, accounting for over 62% share in terms of value in 2026. This segment will possibly gain 270 BPS over the assessed period, expanding at a CAGR of 4.6% over 2016-2026. The second largest segment will be three-way tipper body.
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Based on load-carrying capacity, 15-30 tons segment will lead, capturing roughly 65% market value share in 2026. Gaining around 140 BPS, this segment will demonstrate the fastest growth through 2024. Although below 15 tons segment is expected to be the second largest in terms of revenues, the 30 tons and above segment will witness a relatively higher CAGR.
By mechanism, hydraulic segment will remain dominant over pneumatic segment, accounting for over 87% share of the global market value in 2026. Both the segment will however witness moderate growth over the assessment period.
On the basis of frame material, steel will continue to rule, reaching US$ 4,223 Mn by 2026 end that is likely to account for nearly 85% share of the total market revenues. Aluminum will remain the second largest segment.
By end-use, mining and construction will continue to dominate other segments during the next decade. While consumption by mining sector will possibly capture over 32% share in 2026, revenues from construction segment are foreseen to account for more than 28% share of the market value in 2026. Waste management is projected to be the third largest segment.
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Global Tipper Body Equipment Market: Regional Insights
Regional analysis of the global tipper body equipment market by Future Market Insights indicates that Asia Pacific (excluding Japan), North America, Latin America, and Europe will be the key markets throughout the next decade.
APEJ, driven by China and India, is projected to dominate with more than 28% value share at the end of assessed period with a gain of 180 BPS.
North America will remain the second largest regional market that is expected to bag over 23% share in 2026.
Global Tipper Body Equipment Market: Key Vendor Insights
- Among some of the key companies operating in the global tipper body equipment market landscape, Schmitz Cargobull AG and Hyva Global B.V. are likely to continue representing leading revenue shares over the forecast period.
- Other notable players include Crysteel Manufacturing Inc., Thompsons (UK) Ltd., BION INDUSTRIAL LLC, and F.X. MEILLER.
- While a majority key players are strategising new product launches, collaborations, and joint ventures, others are focusing more on production capacity expansion and acquisitions.
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