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Market Analysis
I W4. Market analysis:
Show your industry knowledge, and present conclusions based on thorough market research. Place detailed findings of any studies in an appendix.
Your market analysis should include:
A sketch of targeted customer segments, including size and demographics of each group
An industry description and outlook, including statistics
Historical, current and projected marketing data for your product/services
A detailed evaluation of your competitors, highlighting their strengths and weaknesses.
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.
Main Activities Transporting sand gravel and stone dry bulk , other dry bulk transportation.
Dump Truck Services in the U.S. Industry outlook (2019-2024)
Over the five years, the Dump Truck Services industry is anticipated to benefit from the continued strength in the construction sector. As construction activity climbs higher, particularly in residential construction, demand for industry services is anticipated to increase as materials such as gravel, sand and dirt are transported to and from construction sites more frequently. Moreover, government funding for highways is anticipated to rise during the five year period, which will also stimulate demand for industry services. Demand Determinants
Demand for the Dump Truck Services industry depends principally on the level of activity in construction markets.
The US construction industry is expected to contract by 6.5% in real terms in 2020, and 20% in 2021. Over the remaining part of the forecast period (2022-2024) , the industry is expected to recover , with in the industry’s output expected to register an annual average growth of 1.1% in real terms between 2022-2024.
Dump Truck Services Industry in the US
Updated: December 6, 2019
Fine material: Revenue is expected to be bolstered by an increase in construction activity
Dump Truck Services in the US industry trends (2014-2019)
poll Average industry growth 2014–2019: 0.1%
Over the five years to 2019, revenue for the Dump Truck Services industry is anticipated to grow in line with the overall economy. Industry revenue tends to ebb and flow with fluctuations in the economic cycle, particularly those that affect the Construction sector (IBISWorld report 23). Industry operators are primarily engaged in moving dry bulk materials, such as gravel, sand and dirt, to and from construction sites. A major catalyst behind recent industry growth has been healthy demand from residential construction. As residential construction grows, construction contractors are more likely to require industry services to haul inputs to construction sites. Additionally, industry operators remove excess material from construction sites. As a result...
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Dump Truck Services in the US industry outlook (2019-2024)
poll Average industry growth 2019-2024: x.xlock
Over the five years to XXX, the Dump Truck Services industry is anticipated to benefit from the continued strength in the Construction sector (IBISWorld report XX). As construction activity climbs higher, particularly in residential construction, demand for industry services is anticipated to increase as materials such as gravel, sand and dirt are transported to and from construction sites more frequently. Moreover, government funding for highways is anticipated to rise during the five-year period, which will also stimulate demand for industry services. Despite these positive trends, potential threats may limit the industry's expansion. For example, interest rates are expected to rise over the next five years, which will increase borrowing costs. Sin...
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Dump Truck Services in the US industry statistics
Biggest companies in the Dump Truck Services industry in the US
The Dump Truck Services industry exhibits a low level of market share concentration, with the top four companies generating less than 5.0% in industry revenue. This is due to a combination of low barriers to entry and transportation costs incentivizing companies to operate within a small geographic radius. However, market share concentration may increase as operators seek to lower costs and take advantage of economies of scale.
Low barriers to entry support fragmentation
This industry has low barriers to entry, with the primary barrier being the ability to purchase a dump truck. Many operators purchase dump trucks through financing, a process which has been made easier by record low interest rates over the last five years.
Many companies based locally to limit transportation costs
Serving a larger geographic area increases transportation and fuel costs for industry operators. As a result, many smaller operators choose to operate within a small local area to keep transportation costs at a manageable level. Still, companies such as Blue Max Trucking Inc. and DP Curtis Trucking Inc. opt to service multiple states. Ben Shinn Trucking Inc. services numerous states and certain Canadian provinces.
Some consolidation expected as companies seek to lower costs
Although this industry is likely to remain fragmented, some consolidation is expected to take place, as companies seek to lower costs by taking advantage of economies of scale. Furthermore, consolidation can allow companies to expand their geographic regions by increasing their stock of dump trucks and pooling together knowledge of different regions.
What is Dump Truck Services industry in the US?
Industry Definition
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.
Industry Products and Services
Sand, gravel and stone dry bulk transportation
Other dry bulk transportation
Other services
All Others
Industry Activities
Sand, gravel and stone dry bulk transportation
Other dry bulk transportation
Other services.
Market research report - table of contents
About this Report
Industry Definition
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.
Main Activities
Sand, gravel and stone dry bulk transportation Other dry bulk transportation Other services
Continued growth in demand Threats to profit Growing competition and employment Table: Dump Truck Services Industry in the US Industry Revenue Outlook
Industry Life Cycle
Life Cycle Reasons Chart: Benchmarking - Dump Truck Services Industry in the US Industry Lifecycle vs The Economy
Products and Markets
Supply Chain
Key Buying Industries
Mining in the US Construction in the US Home Improvement Stores in the US
Key Selling Industries
Stone Mining in the US Sand & Gravel Mining in the US Gasoline & Petroleum Wholesaling in the US Auto Leasing, Loans & Sales Financing in the US
Products & Services
Sand, gravel and stone dry bulk transportation Dry bulk refers to homogenous nonliquid and nonpackaged cargo. This includes both soft and granular dry bu...
Mining Construction sites 100-249 miles away
Demand Determinants
Demand for the Dump Truck Services industry depends principally on the level of activity in construction markets. In particular, the construction of multi...
Major Markets
Mining Construction sites 100-249 miles away Chart: Major Market Segmentation for the Dump Truck Services Industry in the US Industry
International Trade
Business Locations
Chart: Business Locations by State
Competitive Landscape
Market Share Concentration
The Dump Truck Services industry exhibits low market share concentration. The industry is highly fragmented, with no company controlling significant marke...
Key Success Factors
Cost Structure Benchmarks
Profit, Purchases, Wages, Other Costs Chart: Cost Structure Benchmarking – Sector vs Dump Truck Services Industry in the US
Basis of Competition
Internal competition External competition
Barriers to Entry
Table: Barriers to Entry Checklist for the Dump Truck Services Industry in the US Industry
Industry Globalization
Major Companies
The Dump Truck Services industry has no major companies. Get the full report to find out why.
Operating Conditions
Capital Intensity
The Dump Truck Services industry has a moderate level of capital intensity. In 2019, for every dollar spent on wages, industry operators are expected to s...
Chart: Level of Capital Intensity for the Dump Truck Services Industry in the US Industry Chart: Tools of the Trade: Growth Strategies for Success
Technology & Systems
Revenue Volatility
Chart: Volatility vs Industry Growth
Regulation & Policy
Industry Assistance
Key Statistics
Table: Industry Data for the Dump Truck Services Industry in the US Industry
Industry Revenue (2002-2025) Industry Gross Product (2002-2025) Establishments (2002-2025) Businesses (2002-2025) Employment (2002-2025) Exports (2002-2025) Imports (2002-2025) Wages (2002-2025) Value of construction (2002-2025)
Table: Annual Percentage Change for Key Industry Data
Why buy this report on the Dump Truck Services Industry in the US?
IBISWorld industry market research reports enable you to:
Find out about key industry trends
Identify threats and opportunities
Inform your decisions for marketing, strategy and planning
Quickly build competitive intelligence
This report on Dump Truck Services Industry in the US:
Provides Market Size information to assist with planning and strategic decisions.
Includes the necessary information to perform SWOT, PEST and STEER analysis.
Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
The Dump Truck Services Industry in the US market research report includes:
Historical data and analysis for the key drivers of this industry
A five-year forecast of the market and noted trends
Detailed research and segmentation for the main products and markets
An assessment of the competitive landscape and market shares for major companies
And of course, much more
IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Dump Truck Services Industry in the US, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.
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Chart: Revenue Growth