India tipper truck market is projected to reach $ 3.10 billion by 2024, owing to increasing number of infrastructure projects and availability of easy financing options offered by financial institutions. Read: https://www.techsciresearch.com/report/india-tipper-truck-market/3767.html

1. India Tipper Truck Market
By Vehicle Type (Light, Medium and Large Tipper Truck), Competition
Forecast & Opportunities,
2014-2024
Market Intelligence . ConsultingPublished: MARCH 2019
www.techsciresearch.com

2. 2© TechSci Research
S. No. Contents Page No.
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Factors Influencing Purchase Decision
4.2. Challenges/Issues Faced Post Purchase
4.3. Brand Satisfaction Level
5. India Tipper Truck Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (Light, Medium and Large Tipper Trucks)
5.2.2. By End-use Industry (Construction, Mining and Others)
5.2.3. By Region
5.2.4. By Company
5.3. Market Attractiveness Index
6. India Light Tipper Truck Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Tonnage Capacity
6.2.2. By End-use Industry
Ta b l e o f C o n t e n t s

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S. No. Contents Page No.
6.3. Market Attractiveness Index
7. India Medium Tipper Truck Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Tonnage Capacity
7.2.2. By End-use Industry
7.3. Market Attractiveness Index
8. India Large Tipper Truck Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Tonnage Capacity
8.2.2. By End-use Industry
8.3. Market Attractiveness Index
9. Market Dynamics
9.1. Drivers
9.2. Challenges
10. Market Trends & Developments
11. Policy & Regulatory Landscape
12. India Economic Profile
13. Competitive Landscape
14. Strategic Recommendations
Ta b l e o f C o n t e n t s

4. Product Overview

5. 5© TechSci Research
Segment Sub-Segment
Vehicle Type
Light Tipper
Medium Tipper
Large Tipper
Tonnage Capacity
Less than 3 tons
3 tons - 7.5 tons
Above 7.5 tons – 16 tons
Above 16 tons
End-user Industry
Construction
Mining
Infrastructure
Agriculture
P r o d u c t O v e r v i e w
Classification According to Type
Product Definition
“A tipper truck is a vehicle with at least four wheels, consisting of rear platform which can be raised
at its front end, enabling easy discharging of load. Tipper or dump trucks are used for transporting
concretes, stones and several other loose materials. Based on the application different dump trucks
with varying tonnage capacities are employed”

6. Research Methodology

7. 7© TechSci Research
A
C
B
Primary
Research
Company
Analysis
Desk
Research
❑ Identifying Key Opinion
Leaders
❑ Questionnaire Design
❑ In-depth Interviews
❑ Market Participants
❑ Key Strengths
❑ OEM Tie-ups
❑ Recent
Developments
❑ Market Changing
Aspects/Dynamics
❑ Government
Policies
❑ Final Conclusion
❑ TechSci Internal
database
❑ Factiva
❑ Hoovers
Paid Sources
❑ Company Website
❑ Company Annual
Reports
❑ White Paper Study
❑ Financial Reports
❑ Investor
Presentations
❑ Regulatory Body,
Associations, etc.
Secondary
Research
Primary
Research
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
•In-depth secondary research was used to
determine top players in India tipper truck
market, overall market size and to identify top
dump truck manufacturers.
Market Profiling
•In order to conduct industry experts’ interviews,
TechSci Research formulated a detailed
questionnaire.
Formulating Questionnaire
•List of industry players (manufacturers) and
industry specialists was developed.
Developing list of respondents
•TechSci Research conducted interviews with
industry experts, industry players, etc., for data
collection and verification.
Data Collection
•Data obtained as a result of primary and
secondary research was validated through
rigorous triangulation.
Data Validation
•The data was scrutinized using MS-Excel and
statistical tools such as Time Series Analysis etc.
to obtain qualitative and quantitative insights
about the India Tipper Truck Market.
Data Analysis
R e s e a r c h M e t h o d o l o g y

8. 8© TechSci Research
R e s e a r c h M e t h o d o l o g y
Baseline Methodology:
For the study, TechSci Research has gathered information through primary research surveys with leading tipper
truck companies operating in India. We have also put through an exhaustive search of credible paid databases such
as Business Week, Factiva, Hoovers, etc., including our internal database. Our team of analysts has then prudently
evaluated all the collected information and presented the same in chronological order to depict a meaningful and
clear picture of India tipper truck market. While compiling the data, we have also cross-checked all the collected
information from multiple sources and data warehouses, so as to present the most accurate and precise
information of the concerned industry.
Sampling Technique:
While conducting the study, TechSci Research followed the stratified random sampling technique to shortlist the
Key Opinion Leaders (KOLs) in various dump truck manufacturer and companies operating in India. KOLs based out
of prominent truck manufacturer and dump truck companies were interviewed to identify the size of India tipper
truck market.
Sample Size:
KOLs No. of Respondents
Mid to Senior Management, Sales Managers,
etc., of tipper truck market Companies/
OEMs
70
Industry Experts 5
Total 75

9. 9© TechSci Research
R e s e a r c h M e t h o d o l o g y
Market Size Calculation Technique:
Primary Research
For the preparation of ‘India tipper truck market’ report, bottom-up model has been used, which has been later
cross validated by using top-down approach. TechSci Research interviewed Senior Managers and Regional Sales
Managers of the prominent Tipper Truck companies using Delphi technique for calculating the size of India Tipper
Truck market. Respondents were also asked about the current and future growth rates, etc. All the information
gathered was carefully analyzed. Data points which exhibited high deviations from the majority estimates were
eliminated as outliers and the remaining refined data points were put together to arrive at the volume data.
Primary Research – Few of the Companies Interviewed
S. No. Names of Companies Interviewed
1. Ashok Leyland Limited
2. Mahindra & Mahindra Limited
3. Eicher Motors Limited
4. Asia Motor works Limited

10. 10© TechSci Research
R e s e a r c h M e t h o d o l o g y
Secondary Research:
We have also put through an exhaustive search of credible paid databases such as Factiva, Hoovers, etc., in
addition to our internal database. Further analyzes of credible publications, white papers, company’s annual
reports, investor presentations, news articles, etc., were also analyzed to cross validate the end findings derived
from primary research.
Forecasting Technique:
The team has developed forecast on the basis of econometric and judgemental analysis in addition to statistical
techniques such as averaging and geometric mean. During primary research interview, questions regarding
historical sales trend of Tipper Truck market were put forward. Respondents were asked about the current and
future growth rates, and market share by airbag type in India. In order to forecast India Tipper Truck market,
following forecast techniques were used:
• Time Series Analysis
• Econometric and Judgmental Analysis
• Moving Average
S. No. Few of the Secondary Sources
1. Organisation Internationale des Constructeurs d’Automobiles (OICA)
2. Society of Indian Automobile Manufacturers (SIAM)
3 Ministry of Commerce
4. World Bank
5. International Monetary Fund (IMF)

11. 11© TechSci Research
I n d u s t r y B r i e f
According to TechSci Research report, “India Tipper Truck Market By Vehicle Type, By Tonnage Capacity, By End-Use Industry, By Region, By Company,
Competition, Forecast & Opportunities, 2014 – 2024F”, India tipper truck market is projected to grow at a CAGR of over 11%, in Value terms during the
forecast period 2019 - 2024, on account of increasing number of infrastructure and construction projects across the country. Major construction projects
such as Navi Mumbai International Airport (NMIA) and Gujarat International Finance Tec-City (GIFT) are in the development phase and would boost demand
for tipper trucks. Rising need to transport materials such as garbage for solid waste management and clay and fuel ash materials in cement industry, in
addition to increasing demand for logistics services, is expected to fuel the country’s tipper truck market.
Moreover, strict regulatory norms related to vehicle length and higher budgetary allocation towards infrastructure and rural sectors are expected to positively
influence the market. Annual demand for tipper trucks stands at 60,000 units in India and this number is anticipated to increase in the coming years.
On the basis of tipper truck type, the medium tipper truck segment is the preferred choice among consumers, as tipper trucks with higher load carrying
capacity and are perfectly suitable for Indian road conditions to carry heavy loads. In terms of application of tippers, construction is the largest segment
being followed by mining activities. Increase in construction and infrastructural activities and mining activities like domestic coal production grew 9.8% in
the first three quarters of 2018 and the government has allocated new 85 coal mines so far under the provisions of the Coal Mines (Special Provisions) Act,
2015. Additionally, India is planning a 10-fold increase in uranium production in the next 10 years due to high demand for power generation. All these
factors would provide lucrative growth opportunities to players operating in India tipper truck market.
Prominent automotive tipper truck giants such as Tata Motors, Ashok Leyland, VE Commercial Vehicles, Daimler Commercial Vehicle and Mahindra and
Mahindra Trucks are expanding their product offerings. New tipper truck models with BS VI regulations have been launched by Ashok Leyland, while AMW
Motors is in the process of launching powerful, ergonomic and efficient trucks in the market. Moreover, Bharat Benz is launching new range of tipper trucks
to meet the new BS-VI emission standards at the competitive price level of brand’s earlier BS IV trucks.
“Various upcoming infrastructure projects coupled with rising government expenditure towards mining and construction sectors would boost India tipper
truck market during the forecast period. Moreover, emergence of fuel-efficient tipper trucks keeping in view rising pollution levels is likely to push the
demand for these trucks across the country. As tipper truck manufacturers are focusing on the development of tipper trucks with lower cost and higher
efficiency, tipper truck market is expected to register significant growth in India in coming years.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.

12. 12© TechSci Research
S a m p l e D a t a - S n a p s h o t s
CAGR 2014-2018
By Value: x%
By Volume: x%
CAGR 2019E-2024F
By Value: x%
By Volume: x%
2014 2015 2016 2017 2018 2019E 2020F 2021F 2022F 2023F 2024F
Value (USD Million) Volume (Unit)
India Tipper Truck Market Size, By Value (USD Million), By Volume (Unit), 2014-2024F
2014 2016 2018 2020 2022 2024
East
West
South
North
India Tipper Truck Market Share, By Region, By Volume, 2014 & 2024F
Ashok Leyland
Limited, XX%
Mahindra &
Mahindra Limited,
XX%
Eicher Motors
Limited, XX%
Asia Motor
works
Limited,XX%
Others ,
XX%
2018
India Tipper Truck Market Share, By Company, By Volume, 2018

13. 13© TechSci Research
R e p o r t O r d e r i n g
Report Name: India Tipper Truck Market By Vehicle Type (Light,
Medium and Large Tipper Truck), Competition Forecast & Opportunities,
2014 – 2024
To View Sample OR Purchase Report
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of the opportunities available in the market.
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including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any
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