Future Market Insights has announced the addition of the “Tipper Body Equipment Market: Global Industry Analysis and Opportunity Assessment 2016-2026” report to their offering.
Valley Cottage, NY -- (SBWIRE) -- 12/07/2016 -- Truck Tipper Bodies are used as a medium of logistics for loading and dumping of the process material commonly used in construction, mining and waste management domains. The Tipper Body Equipment mainly comprises of cylinder, tipper frame and tipper body frame. The dimension of tipper frame and tipper body frame depends on the dimension of vehicle chassis. It primarily caters the heavy commercial vehicles and light commercial vehicle by providing solutions to transport the material in large capacities over long distances and locations where direct human intervention is not desired. Tipper body equipment has been a better substitute for the conventional tractor trailers for their inadequate operation at inaccessible terrains. The manufacturers of tipper body equipment offer the service of installing the equipment directly to the new vehicle. The equipment is also available in the form of self-assembly kit in the aftermarket sector for the existing vehicles as well.
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
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.