Despite sales of most types of construction equipment in China collapsing in 2022, the dump truck market is expected to grow by some 10 per cent thanks to a buoyant mining industry. Sales have picked up from the low point seen in 2019, and this year is expected to see some 360 dump trucks sold – mostly rigid frame machines.
Off-Highway Research’s new report, The Dump Truck Industry in China said, “Demand from the major coalmines and metal ore mines will play a vital roles in maintaining the level of demand.”
However, the report noted that significant fleet growth was unlikely over the medium term. The study also discusses the impact of the forthcoming China IV engine emission regulations, and the effect these might have in encouraging the use of alternative energy in the segment.
The 44 page report on the dump truck industry in China is now available to subscribers to Off-Highway Research’s Chinese Service. It is also available to buy on our online store. Click here for details.
It is believed to be the most detailed and in-depth report ever published on the subject, with analysis covering market size, market shares, production, foreign trade, market structure, distribution networks, equipment population, machines available and a five-year forecast.
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