Dump truck service market to exceed $20 billion by 2025

The U.S. dump truck service market is expected to reach $20.64 billion by 2025, Hexa Research reports in its new report, “U.S. Dump Truck Service Market Size and Forecast By Type (Non liquid & Non Packaged Cargo) By End-Use (Construction Industry, Mining Industry) And Trend Analysis, 2015 – 2025.”

According to Hexa, the market will grow behind the rise in the expenditure in the construction industry as more and more number of construction projects are coming up in the New York City. The demand and need of dump truck services in the construction and mining activities is high. The dump trucks are the core of the construction industry as they help to move construction material from one place to another. They also have a major role in handling and delivering large load of material during building and construction activities, Hexa says.

The non-liquid and non-packaged cargo type dump truck segment dominated the market in 2016 and is expected to maintain its dominant position over the forecast period, Hexa says, owing to the use of solid material during construction and building activities. Non-liquid and non-packaged cargo dump trucks are now equipped with GPS technology in order to give customer the control and so that customers can track the material and can control the loading and offloading.

Additionally, Hexa says there are specific laws on using the dump truck services in the U.S. states such as it mandatory to cover and secure the material and load while carrying the load to a distant site as sometimes they cause inconvenience to the frequent travelers on the road if the debris goes out of control and starts falling out hitting other vehicles. Some of the certifications are required by the driver to drive the dump truck such as dump truck operations CBT certificate and dump truck tailgate removal and installation CBT certificate in the U.S.

To read this report, please CLICK HERE.

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