TIPPER BODY MARKET ANALYSIS

Regional Analysis

Global Tipper Body Market- Regional Analysis

Asia Pacific held a dominant position in the Global Tipper Body market in 2021, followed by the North America and Europe region.          

Figure 1. Global Tipper Body Market Share (%), By Region, 2021

Asia Pacific held a dominant position in the Global Tipper Body market in 2022, owing to increasing demand for tipper trucks in emerging economies such as India and China. The countries in the Asia Pacific region are mostly developing economies where the construction activities are increasing in number rapidly. Apart from these, activities like mining, waste management and others that require the use of heavy or light-duty tipper trucks are also increasing, giving rise to an unprecedented demand for tipper bodies to carry and dump the necessary material. The region is expected to maintain its rapid pace of growth and continue its dominance in the global tipper body market during the forecast period.

North America is another strong market for the tipper bodies globally. Owing to factors like the organized transportation and logistics industry, the presence of a huge construction industry, and other utility sectors, the region has a huge demand for tipper bodies. The growing mining activities in the region are also a major factor that is responsible for rising demand for tipper bodies and the expansion of the tipper body market in the region. The region is expected to show similar trends and maintain its strong position in the global tipper body market.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa