Track Dumper Market Is Evolving With High Growth Rate of CAGR 3.8% by 2026

Track dumper have huge demand from construction & mining industry which is expected to drive growth of the global track dumper market considerably over the forecast period.

The global track dumper market is estimated to value US$ 0.2 Bn in 2017, and is projected to register a CAGR of 3.8% in terms of value during forecast period 2017–2026. The first five-year cumulative revenue (2017–2021) is projected to be US$ 1.2 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.

The global track dumper market report has been segmented on the basis of type, application, and region.

On the basis of type, the global track dumper market has been segmented into mini track dumper and large track dumper. The large track dumper segment is expected to account for significant share in terms of revenue in the global track dumper market during the forecast period. The mini track dumper is anticipated to register fastest growth over the forecast period. The mini track dumper segment is expected to register a CAGR of over 3%, thereby accounting for highest revenue share among the type segments.

On the basis of application, the global track dumper market has been segmented into construction & mining, utility industry, and others. The construction & mining track dumper segment is expected to account for significant share in the global track dumper market in terms of revenue. This segment is also projected to register fastest growth rate over the forecast period. The construction & mining segment is expected to account for highest revenue share among the application segments, registering a CAGR of over 3% over the forecast period.

On the basis of region, the global track dumper market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

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Market in North America is estimated to account for significant revenue share in the global track dumper market over the forecast period. Asia Pacific market is projected to register highest growth in terms of revenue in the next ten years, owing to increasing demand for increasing mining activities, especially related to iron ore and coal in the emerging economies such as China, Japan, and India. The market in North America accounted for highest revenue share in the global track dumper market in 2017, and is estimated to record CAGR of over 3% between 2017 and 2026.

Key players operating in the global market include Morooka Co. Ltd., Chikusui Canycom Inc., Prinoth GmbH, MERLO S.p.A., KUBOTA Corporation, Winbull Yamaguchi Corp., IHI Construction Machinery Limited, Yanmar Holdings Co., Ltd., Takeuchi Mfg. Co., Ltd., Bergmann Maschinenbau GmbH & Co. KG, Menzi Muck AG, Terramac LLC, and Messersí S.p.A.

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