Demand for off road-dump trucks in India improved last year, but it remained only half the size of the 800+ unit market which was seen in 2008. It is one of the few areas of the Indian construction equipment market which has not grown significantly in the last 2-3 years, and demand remains erratic.
While domestic demand is mostly met through local production, India has established itself in recent years as a major exporter of dump trucks, with Caterpillar and Komatsu at the forefront.
The market in India is overwhelmingly for rigid dump trucks, with articulated haulers barely being sold in recent years. Coal mining is by far the largest application for dump trucks in India, although the machines are also used in quarrying and other mining activities.
This means the underlying drivers for dump truck sales are power generation and raw materials demand. With both sectors growing in India this year and for the foreseeable future, duimp truck sales are forecast to rise.
“Demand will be skewed towards larger size machines offering higher productivity and better safety and therefore, growth rates of sales are likely to remain modest in terms of units,” said Off-Highway Research’s latest study on the sector.
Off-Highway Research’s June 2018 Dump Trucks India Equipment Analysis is now available to subscribers to the Indian Service. Click here to log in. The study includes sections on market size and trends, production, component sourcing, foreign trade, market shares, marketing and distribution, pricing, population and end-users and features a five-year sales forecast. All sections included detailed data tables and in-depth analysis of trends.