Dump Truck Services in the US - Industry Market Research Report

Wide load: Revenue will be bolstered by increasing construction activity

The health of the US economy, the level of construction, government funding for construction projects and fuel prices impact the performance of dump truck companies. Despite declines amid the outbreak of COVID-19 and interest rate hikes inducing headwinds for the construction sector, dump truck companies enjoyed growth over the current period. Industry-wide revenue has been growing at a CAGR of 2.0% over the past five years and is expected to total $27.2 billion in 2023, when revenue will drop an estimated 7.4%. The Dump Truck Services industry primarily provides dump trucking services of material, such as sand, gravel or dirt. Operators offer their services within cities, towns or other local areas, including adjoining towns and suburban areas. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.