Market Research Analysis Tipper Body Equipment Market Outlook 2018-2025 | Page 2

Increasing urbanization, mining and ongoing infrastructural development in developed as well as developing nations
is primarily driving the growth of the tipper body equipment. Increasing environmental issues and severe government
regulations regarding the waste management system has been another factor that is driving the growth of the tipper
body equipment market. Whereas, rise in the prices of oil is a restraining factor.
The global tipper body equipment market is segmented on the basis of tripping type, load capacity type, cylinder type,
tipper body frame, chassis type, end use type, and region. On the basis of type, the global market is classified into
three-way tipper body, rear tipper body and roll-off tipper body. On the basis of load capacity, the global market is
classified into general purpose, light purpose, heavy purpose tipper body equipment and extra heavy purpose. On the
basis of cylinder type, the global market is classified into hydraulic cylinder and pneumatic cylinder.
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Hydraulic cylinder is made from a tube inside of which a piston moves. The piston separates the cylinder in two remote
chambers due to a piston that make the seal between the chambers. The piston moves by an injection of a fluid inside
one of the cylinder chambers. A hydraulic cylinder works owing to pressured oil (mineral hydraulic oil), contrary to
pneumatic cylinders that works with compressed air. The air is compressible. Pneumatic cylinders: sometimes known
as air cylinders, are mechanical devices which use the power of compressed gas to produce a force in reciprocating
linear motion.
On the tipper body frame, the global market is classified into steel tipper body frame and aluminum tipper body frame.
On the basis of chassis type, the global market is classified into 6X4 (4-wheel drive vehicle), 6X6 (6-wheel drive vehicle),
8X4 (4-wheel drive vehicle), 8X6 (6-wheel drive vehicle) and 8X8 (8-wheel drive vehicle). Both 8x4 and 6x4 chassis
handling the toughest tipper work. On the basis of end use type, the global market is classified into construction,
mining and waste management for heavy commercial vehicles as well as agriculture & horticulture for light commercial
vehicles.
The construction segment holds the largest market share of the tipper body equipment market. As the global economic
growth rate is little uncertain, with the GDP of Europe and Latin America not growing at a required rate will affect the
growth of construction and mining segment thus lowering the growth of tipper body equipment market. Whereas,
Asia Pacific and North American market is expected to have higher growth rate for the same due to increased scope
of business in construction and mining segment.
Geographically, the global market is segmented into North America, Latin America, Asia Pacific, Japan, Western
Europe, Eastern Europe, Middle East and Africa. The top manufacturer of tipper body equipment such as Ingimex Ltd
and VFS Southampton are based in Europe where the request in the tipper body equipment market is projected to
grow due to substantial growth of the European construction industry. The demand for the equipment is also
increasing due to the BRICS economies such as India & Russia. Chinese market will significantly profit from mining
industry due to increased scope of bauxite and iron ore extraction.