$24.9bn
$X.Xbn
109k
30,379
$X.Xbn
The landscape has been significantly influenced by fluctuating interest rates, stringent environmental regulations and shifting construction trends. Tightened monetary policy and elevated interest rates have made financing new projects challenging for developers, especially within commercial real estate. These financial constraints, coupled with the sustainability drive leading to the closure of coal mining facilities, have reduced demand for dump truck services. The contraction in mining activity further compounded this trend as dump truck operators saw reduced utilization in ore distribution. Despite these challenges, increased government funding for highway construction provided a growth avenue, counterbalancing the lower demand from other sectors. Additionally, the sharp rise in diesel prices led dump truck companies to pass on costs to consumers and contractors, cushioning some adverse effects on their operations. Revenue has been increasing at a CAGR of 0.3% over the past five years, and is expected to reach $24.9 billion in 2024.
Industry revenue has grown at a CAGR of 0.3 % over the past five years, to reach an estimated $24.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
2024 |
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There are no companies that hold a large enough market share in the Dump Truck Services in the US industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Sand, gravel and stone dry bulk transportation, Other dry bulk transportation and Other services. Sand, gravel and stone dry bulk transportation is the largest segment of the Dump Truck Services in the US.
Road and highway construction boost demand for transportation of sand, gravel and stone
Dump Truck Services primarily distributes materials like sand, gravel or dirt to and from construction sites and mining facilities. Businesses offer services within cities, towns or other local areas, including adjoining and suburban locations.
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NAICS 48422 - Dump Truck Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Elevated interest rates are hindering developers' ability to finance new construction projects. A slowdown in real estate pressures the expansion efforts of businesses offeri...
Learn about an industry's products and services, markets and trends in international trade.
Moderating construction activity poses risks to demand for dump trucks' services. Any slowdown in construction directly affects the transportation of essential materials like...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast is the top destination for dump trucks because of construction projects driven by population growth and economic development. The consistent demand benefits dum...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Dump truck companies enjoy little external competition. Dump truck companies typically transport materials locally, reducing competition from air or water transportation serv...
Learn about the performance of the top companies in the industry.
There are no major players in Dump Truck Services. The industry is highly fragmented and dominated by small, regionally operating companies.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry receives little assistance. No products are imported or exported, making federal assistance in the form of export subsidies or import tariffs inapplicable.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Diesel price volatility poses a significant challenge for dump truck businesses as they often operate under fixed-rate contracts. When diesel prices rise, these businesses ca...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Dump Truck Services in the US industry in United States is $24.9bn in 2024.
There are 30,379 businesses in the Dump Truck Services in the US industry in United States, which has grown at a CAGR of 1.3 % between 2019 and 2024.
The market size of the Dump Truck Services in the US industry in United States has been growing at a CAGR of 0.3 % between 2019 and 2024.
Over the next five years, the Dump Truck Services in the US industry in United States is expected to grow.
Sand, gravel and stone dry bulk transportation and Other dry bulk transportation are part of the Dump Truck Services in the US industry.
The level of competition is high and steady in the Dump Truck Services in the US industry in United States.