Press release
New Research Report on Tipper Body Equipment Market, 2016-2026
Tipper Body Equipment Market- Market Segmentation:
Tipper body equipment market can be segmented on the basis of tipping type, load capacity type, cylinder type, tipper body frame, chassis type and end use type. On the basis of tipping type, tipper body equipment market can be further segmented into three-way tipper body, rear tipper body and roll-off tipper body. The load capacity type can be segmented into general purpose, light purpose, heavy purpose tipper body equipment and extra heavy purpose. On the basis of cylinder type, it can be segmented into hydraulic cylinder and pneumatic cylinder. On the basis of body type frame, the equipment can be classified into steel tipper body frame and aluminum tipper body frame. The chassis type can be segmented into 6X4 (4 wheel drive vehicle), 6X6 (6 wheel drive vehicle), 8X4 (4 wheel drive vehicle), 8X6 (6 wheel drive vehicle) and 8X8 (8 wheel drive vehicle). On the basis of end use, the tipper body equipment can be segmented into construction, mining and waste management for heavy commercial vehicles as well as agriculture & horticulture for light commercial vehicles.
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Tipper Body Equipment Market- Market Dynamics:
Increasing urbanization, mining and ongoing infrastructural development in developed as well as developing nations is primarily driving the growth of the tipper body equipment market. Increasing environmental issues and stringent government regulations regarding the waste management system has been another factor that is driving the growth of the tipper body equipment market. The rise in the prices of oil is a restraining factor. The construction sector holds the largest share in the end use of the tipper body equipment market. As the global economic growth rate is little modest, with the GDP of Europe and Latin America not growing at a required rate will affect the growth of construction and mining sector thereby lowering the growth of tipper body equipment market. On the other hand Asia-Pacific and North-American market is expected to have higher growth rate for the same due to increased scope of business in construction & mining sectors.
Tipper Body Equipment Market- Regional Outlook:
Geographically, the tipper body equipment market can be segmented into North America, Latin America, Western Europe, Eastern Europe, APEJ (Asia Pacific excluding Japan), Japan, Middle East and Africa. The top manufacturer of tipper body equipment such as Ingimex Ltd and VFS Southampton are based in Europe where the demand in the tipper body equipment market is expected to grow due to significant growth of the European construction industry. The demand for the equipment is also increasing due to the BRICS economies such as India & Russia. Chinese market will greatly benefit from mining industry due to increased scope of bauxite and iron ore extraction.
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Tipper Body Equipment Market- Major Players:
Some of the major players identified in the tipper body equipment market are Ingimex Ltd, VFS Southampton Ltd, Thompsons (UK) Ltd, Crysteel Manufacturing Inc, F.X.MEILLER Fahrzeug-und Maschinenfabrik-GmbH & Co, Hyva, Alutip (Pty) Ltd, Fruehauf Ltd, Gorski Engineering (Pty) Ltd and North West Tippers Ltd. Apart from regional manufacturers
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