Increasing Urbanization and Increasing Investment in Infrastructure Sector to Augment Growth of Tipper Body Market

Tipper Body Market


 Tipper body kits are extremely popular item in the construction world. These kits offer robust model with high overload and reserve capacity, high tilting and lowering speeds due to the revolutionary hydraulic system, and high value preservation and low maintenance through high quality products.

Various products with five axles, three on the front and two in the rear offer the best of both worlds. These axles have full round tipper body design with low fatigue and efficient straight-line speed control. This vehicle also has a standard limited slip differential to protect the rear tires from mud and water. Limited slip differential reduces the risk of damage to your driveline from excessive cross country driving. The products offer great value and rugged reliability with an extremely high level of fuel economy.

Market Dynamics

Increasing urbanization is expected to propel growth of the global tipper body market. For instance, according to the World Bank, the urban population in China increased from 49.22% in 2010 to 60.3% in 2019. Moreover, launch of new tipper trucks is also expected to aid in growth of the market. For instance, in August 2020, Tata Motors launched the new Signa 4825.TK tipper truck. The 47.5-tonne multi-axle tipper truck might be the largest for surface transport of coal and construction aggregates.

Increasing investment in the infrastructure sector is expected to offer lucrative growth opportunities for players in the global tipper body market. For instance, in February 2020, The U.S. Department of Transportation published a Notice of Funding Opportunity to apply for US$ 1 billion in 2020 for upgrading infrastructure across the U.S. Moreover, increasing number of housing units is also expected to aid in growth of the market. For instance, according to The U.S. Census Bureau and the U.S. Department of Housing and Urban Development, in 2019, an estimated 1.290 million housing units were started in the U.S., witnessing an increase of 3.2% compared to 2018.

Decrease in cargo availability is expected to hinder growth of the global tipper body market. For instance, according to the Indian Foundation of Transport Research and Training (IFTRT), during December 2020, cargo availability from factory gates dropped by 8%-10%, diesel price went up by US$ 0.1/gallon, and truck rentals on key truck routes dropped by 3%-4%. However, gradual resumption of construction activities after during Covid-19 pandemic is also expected to aid in growth of the market. 

Competitive Analysis

Major players operating in the global tipper body market include, Schmitz Cargobull AG, Crysteel Manufacturing Inc., Thompsons Ltd., Ingimex Ltd., VFS Ltd., and Cantoni & C S.p.A.

Major players operating in the global tipper body market are focused on development and launch of new products to expand their product portfolio. For instance, in September 2020, Schmitz Cargobull AG launched S.KI tipper trailer, a new tipper chassis that enables up to 180 kg more payload.

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