III. Industry Analysis
The US dump truck service market will reach $20.64 billion in the next five years, mostly due to the rise in construction and mining activities in the country. The US dump truck service market is expected to grow significantly due to the rise in expenditure in the construction industry as a greater number of construction projects are planned across the nation.
The growing need for rare earth metals and natural resources across the globe is considered another major factors driving the dump trucks demand. The capability of dump trucks to transfer materials plays a vital role in the market growth as it reduces human efforts and dumps the materials directly using hydraulic arms.
The US dump truck service market is highly fragmented in nature, with a large number of existing and emerging new players. With demand at an all-time high, new players have an opportunity to enter the market with little barriers to entry.
