Global Articulated Truck Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Articulated Truck Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Articulated Truck market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.

Articulated trucks or medium sized dump trucks are off road equipment used to carry heavy loads to and from a rough terrain. These trucks are articulated in a way that the front part of the truck is called the tractor while the dump body which is the rear part is pivoted to the tractor in a single point. This design offers greater stability and turning radius than the grid trucks which is a necessary requirement in uneven terrains. The axles of these articulated trucks are designed in such a way that all the rear wheels of the truck follow the same path trudged by the front wheels. These articulated trucks can also be modified in accordance to requirement to masquerade as a concrete mixer, liquid tanker among others in its rear section.

Several market drivers have churned the growth of articulated trucks with construction and mining industry being the most important factors increasing its demand. The trucks ability to navigate uneven and difficult terrains with high flexibility are some of the prime reasons for its improving demand in the market. While the manufacturers of such trucks are far and few, technical collaborations between major players has also increased in recent years in order to improve product specification and optimize operating efficiency. The high cost of off road vehicles may come across as a roadblock to the healthy growth of the market, schemes such as renting and leasing of such vehicles for a period of time has led to an increase in demand of articulated trucks owing to less cost involved. The articulated trucks are also continuously developed to cater the changing tastes of the end users with air conditioning, wider tires, drive assist among others being incorporated in the trucks to increase the number of buyers.

The Global Info Research report includes an overview of the development of the Articulated Truck industry chain, the market status of Construction (Less than 20 Tons, 21 to 35 Tons), Mining (Less than 20 Tons, 21 to 35 Tons), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Articulated Truck.

Regionally, the report analyzes the Articulated Truck markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Articulated Truck market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Articulated Truck market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Articulated Truck industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Less than 20 Tons, 21 to 35 Tons).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Articulated Truck market.

Regional Analysis: The report involves examining the Articulated Truck market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Articulated Truck market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Articulated Truck:

Company Analysis: Report covers individual Articulated Truck manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Articulated Truck This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Construction, Mining).

Technology Analysis: Report covers specific technologies relevant to Articulated Truck. It assesses the current state, advancements, and potential future developments in Articulated Truck areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Articulated Truck market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Articulated Truck market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Less than 20 Tons
21 to 35 Tons
More than 35 Tons

Market segment by Application
Construction
Mining
Agriculture
Waste Recycling
Others

Major players covered
Volvo
Terex Corporation
Doosan Corporation
Deere & Company
Caterpillar
Bell Trucks America
The Liebherr Group
Komatsu
Hydrema Holding

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Articulated Truck product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Articulated Truck, with price, sales, revenue and global market share of Articulated Truck from 2019 to 2024.

Chapter 3, the Articulated Truck competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Articulated Truck breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Articulated Truck market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Articulated Truck.

Chapter 14 and 15, to describe Articulated Truck sales channel, distributors, customers, research findings and conclusion.