According to a report from Research and Markets, the global rigid dump truck market will grow at a CAGR of 4.19% from 2017 to 2021.

One of the major drivers for this market is the growth in demand for precious metals. The demand for precious metals, such as gold, silver, platinum, and diamond, is anticipated to grow during the forecast period.
With the expected stabilization in crude oil prices by 2022, the global economy is anticipated to grow by 2022. This is expected to increase the employment rate across many countries, in turn increasing the disposable income of the population across various regions. The rise in disposable income will drive the demand for precious metals, especially among the growing middle-class urban population. Most of this demand is anticipated to stem from fast-growing economies, such as India and China, where the middle-class population is expected to grow exponentially. Gold and silver have a dynamic pricing in the business world and are used as a bullion investment. Apart from being used in jewelry, these precious metals are also a great investment opportunity.

The report also notes that Caterpillar, Komatsu, Hitachi and XCMG Group are the leading vendors in this segment.