Tipper Pads Market: Introduction
Tipper pads are installed on tippers or dump trucks. Tipper pads are used for protecting the chassis of tipper trucks. Tipper trucks have wide applications in the construction industry and are used for easier transportation. Tipper pads are used for protecting the chassis of tipper trucks. They are designed to withstand repetitive heavy loads. Their application is for protecting the bodywork of vehicle while dampening excessive noise in tipping process. Tipper pads are made from an aluminum or steel base with a thick block of rubber. They can be fitted to the vehicles by screws or can be welded directly to the metal work. Increase in new construction activities is increasing the demand for tipper trucks. Moreover the growth in mining and marine industry is also increasing the demand for tipper trucks correspondingly escalating the growth in global tipper pads market. The governments in the developed countries are imposing strict regulations for waste management systems, tipper trucks are essential for waste management system hence expected to impact thoroughly to increase growth in the global tipper pads market.
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Tipper Pads Market: Dynamics
The demand for tipper pads is directly dependent on the production of tipper trucks. For loading and dumping of the process material generally used in construction, waste management and mining field tipper trucks are used as a channel of logistics. They provide solutions for material transport the in large capacities over long distances and locations where direct human intervention is not feasible. This is expected to drive the growth in the global tipper pads market over the forecast period. Increasing environmental issues and stringent government regulations pertaining the waste management is another factor increasing the demand for tipper trucks coherently driving the growth in the global tipper pads market. Whereas rising oil prices is a factor hampering the demand for tipper trucks and impacting on the growth in global tipper pads market.
The growth of the mining market in the Asia Pacific region is anticipated to provide many opportunities for manufacturers. Furthermore, increasing research & development activities by prominent market participants are expected to create growth opportunities along with new trends in the global tipper pads market.
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Tipper Pads Market: Regional Outlook
Asia pacific is expected to have dominant share in global tipper pads market referring to the increasing industrial and constructional activities in the countries like China and India. Industrial and constructional activities require tipper trucks for material transportation. Furthermore the mining industry is increasing in this region. These factors are driving the growth rate in tipper pads market for the region making it to account for leading share in the global tipper pads market. Europe is anticipated to have prominent share in the global tipper pads market followed by Asia Pacific. The increasing constructional activities and stringent regulations for waste management in European countries like Spain, Italy, etc. are expected to increase the regions share in the global tipper pads market. Middle East & Africa is expected to have significant growth in the global tipper pads market owing to the mining activities in GCC countries.
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Tipper Pads Market: Key Players
- Albert Jagger
- Delphi Automotive
- Magna International Inc.
- Continental AG
- ZF Friedrichshafen AG
- Mahle GmbH
- Koito Manufacturing
- Plastic Omnium Co.
- Polymax Ltd.
- Cooper-Standard Automotive
- Freudenberg Group
- Gerizim Polymer Industries