Overview and Scope
Tipper pads are thick blocks of heavy-duty rubber that protect the chassis of tipper trucks from heavy and repetitive loads. They are usually designed to withstand heavy loads, protect the vehicle’s bodywork, and prevent damage to the surfaces upon which trucks or trailers’ hydraulically operated dump bodies rest when they are raised for unloading.
Sizing and Forecast
The tipper pads market size has grown strongly in recent years. It will grow from $4.13 billion in 2023 to $4.34 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to growth in construction and infrastructure, expansion in mining activities, growth in agriculture and agribusiness, global economic growth, focus on waste management..
The tipper pads market size is expected to see steady growth in the next few years. It will grow to $5.12 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to global initiatives for green transportation, evolving emission standards, rise in mining exploration, e-commerce growth and last-mile delivery, emphasis on durability and longevity.. Major trends in the forecast period include innovations in design, integration of smart technologies, environmentally friendly solutions, smart and connected tipper systems, advanced material technologies..
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Segmentation & Regional Insights
The tipper pads market covered in this report is segmented –
1) By Type: Steel Base, Aluminum Base, Alloy Base
2) By Sales Channel: Original Equipment Manufacturers (OEM), Aftermarket
3) By End User: Construction, Mining, Waste Management, Marine Services, Other End Users
Asia-Pacific was the largest region in the tipper pad market in 2023. The regions covered in the tipper pads market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing demand for dump trucks is expected to propel the growth of the tipper pad market going forward. A dump truck is a heavy-duty vehicle used primarily for transporting and unloading loose materials, such as sand, gravel, rocks, construction debris, or soil. The increasing demand for dump trucks fuels the need for tipper pads, as these protective components are essential for maintaining and prolonging the operational life of dump truck beds. For instance, in August 2023, according to the Federal Reserve Board, a US-based central banking system, the industrial production of trucks in the US increased from 8.64 million units in Q4 of 2022 to 10.11 million units in July 2023. Therefore, the increasing demand for dump trucks will drive the growth of the tipper pad market.
Key Industry Players
Major companies operating in the tipper pads market report are Mahle GmbH, Terex Corporation, Schmitz Cargobull AG, SAF-HOLLAND S.A, Hiab Ltd, Delphi Automotive, SDC Trailers Ltd., MaxiTRANS Industries Limited, Fontaine Fifth Wheel, Polymax Ltd., Tiger Trailers, Albert Jagger Ltd, Dennison Trailers Ltd., John Adams Supplies, Commercial Body Fittings Ltd., Fruehauf Ltd, Rubber Co., Clifton Rubber Co. Ltd., Ronfell Group Limited, Provincial Rubber Ltd, National Plastics & Rubber Pty Ltd, Kel-Berg Trailers and Trucks Limited, MGF Site Solutions Ltd, BPW Bergische Achsen KG, ThompsonseParts Ltd, Pyken Industries, Slip Not Co Uk, Ajanta Auto Industries Pvt Ltd, Supreme Rubber Industries, Griffith J Roberts Component Sales Ltd
The tipper pads market report table of contents includes:
1. Executive Summary
2. Tipper Pads Market Characteristics
3. Tipper Pads Market Trends And Strategies
4. Tipper Pads Market – Macro Economic Scenario
5. Global Tipper Pads Market Size and Growth
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32. Global Tipper Pads Market Competitive Benchmarking
33. Global Tipper Pads Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Tipper Pads Market
35. Tipper Pads Market Future Outlook and Potential Analysis
36. Appendix
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