Global Articulated Truck Market Growth 2023-2029

Global Articulated Truck Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Articulated Truck Industry Forecast” looks at past sales and reviews total world Articulated Truck sales in 2022, providing a comprehensive analysis by region and market sector of projected Articulated Truck sales for 2023 through 2029. With Articulated Truck sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Articulated Truck industry.

This Insight Report provides a comprehensive analysis of the global Articulated Truck landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Articulated Truck portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Articulated Truck market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Articulated Truck and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Articulated Truck.

The global Articulated Truck market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Articulated Truck market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Less than 20 Tons
21 to 35 Tons
More than 35 Tons

Segmentation by application
Construction
Mining
Agriculture
Waste Recycling
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Volvo
Terex Corporation
Doosan Corporation
Deere & Company
Caterpillar
Bell Trucks America
The Liebherr Group
Komatsu
Hydrema Holding

Key Questions Addressed in this Report

What is the 10-year outlook for the global Articulated Truck market?

What factors are driving Articulated Truck market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Articulated Truck market opportunities vary by end market size?

How does Articulated Truck break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.