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Articulated Truck-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global Articulated Truck market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Articulated Truck in various end use industries. The expanding demands from the Construction, Mining, Agriculture and Waste Recycling, are propelling Articulated Truck market. Less than 20 Tons, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 21 to 35 Tons segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Articulated Truck, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Articulated Truck market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Articulated Truck market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Articulated Truck sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Articulated Truck covered in this report include Volvo, Terex Corporation, Doosan Corporation, Deere & Company, Caterpillar, Bell Trucks America, The Liebherr Group, Komatsu and Hydrema Holding, etc.
The global Articulated Truck market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Volvo
Terex Corporation
Doosan Corporation
Deere & Company
Caterpillar
Bell Trucks America
The Liebherr Group
Komatsu
Hydrema Holding
Global Articulated Truck market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Articulated Truck market, Segment by Type:
Less than 20 Tons
21 to 35 Tons
More than 35 Tons
Global Articulated Truck market, by Application
Construction
Mining
Agriculture
Waste Recycling
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Articulated Truck manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Articulated Truck in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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.
The global Articulated Truck market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Articulated Truck in various end use industries. The expanding demands from the Construction, Mining, Agriculture and Waste Recycling, are propelling Articulated Truck market. Less than 20 Tons, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 21 to 35 Tons segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Articulated Truck, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Articulated Truck market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Articulated Truck market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Articulated Truck sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Articulated Truck covered in this report include Volvo, Terex Corporation, Doosan Corporation, Deere & Company, Caterpillar, Bell Trucks America, The Liebherr Group, Komatsu and Hydrema Holding, etc.
The global Articulated Truck market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Volvo
Terex Corporation
Doosan Corporation
Deere & Company
Caterpillar
Bell Trucks America
The Liebherr Group
Komatsu
Hydrema Holding
Global Articulated Truck market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Articulated Truck market, Segment by Type:
Less than 20 Tons
21 to 35 Tons
More than 35 Tons
Global Articulated Truck market, by Application
Construction
Mining
Agriculture
Waste Recycling
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Articulated Truck manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Articulated Truck in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Articulated Truck Market Overview
1.1 Articulated Truck Product Overview
1.2 Articulated Truck Market Segment by Type
1.2.1 Less than 20 Tons
1.2.2 21 to 35 Tons
1.2.3 More than 35 Tons
1.3 Global Articulated Truck Market Size by Type
1.3.1 Global Articulated Truck Market Size Overview by Type (2018-2029)
1.3.2 Global Articulated Truck Historic Market Size Review by Type (2018-2023)
1.3.3 Global Articulated Truck Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Articulated Truck Sales Breakdown by Type (2018-2023)
1.4.2 Europe Articulated Truck Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Articulated Truck Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Articulated Truck Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Articulated Truck Sales Breakdown by Type (2018-2023)
2 Global Articulated Truck Market Competition by Company
2.1 Global Top Players by Articulated Truck Sales (2018-2023)
2.2 Global Top Players by Articulated Truck Revenue (2018-2023)
2.3 Global Top Players by Articulated Truck Price (2018-2023)
2.4 Global Top Manufacturers Articulated Truck Manufacturing Base Distribution, Sales Area, Product Type
2.5 Articulated Truck Market Competitive Situation and Trends
2.5.1 Articulated Truck Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Articulated Truck Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Articulated Truck as of 2022)
2.7 Date of Key Manufacturers Enter into Articulated Truck Market
2.8 Key Manufacturers Articulated Truck Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Articulated Truck Status and Outlook by Region
3.1 Global Articulated Truck Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Articulated Truck Historic Market Size by Region
3.2.1 Global Articulated Truck Sales in Volume by Region (2018-2023)
3.2.2 Global Articulated Truck Sales in Value by Region (2018-2023)
3.2.3 Global Articulated Truck Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Articulated Truck Forecasted Market Size by Region
3.3.1 Global Articulated Truck Sales in Volume by Region (2024-2029)
3.3.2 Global Articulated Truck Sales in Value by Region (2024-2029)
3.3.3 Global Articulated Truck Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Articulated Truck by Application
4.1 Articulated Truck Market Segment by Application
4.1.1 Construction
4.1.2 Mining
4.1.3 Agriculture
4.1.4 Waste Recycling
4.1.5 Others
4.2 Global Articulated Truck Market Size by Application
4.2.1 Global Articulated Truck Market Size Overview by Application (2018-2029)
4.2.2 Global Articulated Truck Historic Market Size Review by Application (2018-2023)
4.2.3 Global Articulated Truck Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Articulated Truck Sales Breakdown by Application (2018-2023)
4.3.2 Europe Articulated Truck Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Articulated Truck Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Articulated Truck Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Articulated Truck Sales Breakdown by Application (2018-2023)
5 North America Articulated Truck by Country
5.1 North America Articulated Truck Historic Market Size by Country
5.1.1 North America Articulated Truck Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Articulated Truck Sales in Volume by Country (2018-2023)
5.1.3 North America Articulated Truck Sales in Value by Country (2018-2023)
5.2 North America Articulated Truck Forecasted Market Size by Country
5.2.1 North America Articulated Truck Sales in Volume by Country (2024-2029)
5.2.2 North America Articulated Truck Sales in Value by Country (2024-2029)
6 Europe Articulated Truck by Country
6.1 Europe Articulated Truck Historic Market Size by Country
6.1.1 Europe Articulated Truck Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Articulated Truck Sales in Volume by Country (2018-2023)
6.1.3 Europe Articulated Truck Sales in Value by Country (2018-2023)
6.2 Europe Articulated Truck Forecasted Market Size by Country
6.2.1 Europe Articulated Truck Sales in Volume by Country (2024-2029)
6.2.2 Europe Articulated Truck Sales in Value by Country (2024-2029)
7 Asia-Pacific Articulated Truck by Region
7.1 Asia-Pacific Articulated Truck Historic Market Size by Region
7.1.1 Asia-Pacific Articulated Truck Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Articulated Truck Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Articulated Truck Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Articulated Truck Forecasted Market Size by Region
7.2.1 Asia-Pacific Articulated Truck Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Articulated Truck Sales in Value by Region (2024-2029)
8 Latin America Articulated Truck by Country
8.1 Latin America Articulated Truck Historic Market Size by Country
8.1.1 Latin America Articulated Truck Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Articulated Truck Sales in Volume by Country (2018-2023)
8.1.3 Latin America Articulated Truck Sales in Value by Country (2018-2023)
8.2 Latin America Articulated Truck Forecasted Market Size by Country
8.2.1 Latin America Articulated Truck Sales in Volume by Country (2024-2029)
8.2.2 Latin America Articulated Truck Sales in Value by Country (2024-2029)
9 Middle East and Africa Articulated Truck by Country
9.1 Middle East and Africa Articulated Truck Historic Market Size by Country
9.1.1 Middle East and Africa Articulated Truck Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Articulated Truck Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Articulated Truck Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Articulated Truck Forecasted Market Size by Country
9.2.1 Middle East and Africa Articulated Truck Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Articulated Truck Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Volvo
10.1.1 Volvo Company Information
10.1.2 Volvo Introduction and Business Overview
10.1.3 Volvo Articulated Truck Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Volvo Articulated Truck Products Offered
10.1.5 Volvo Recent Development
10.2 Terex Corporation
10.2.1 Terex Corporation Company Information
10.2.2 Terex Corporation Introduction and Business Overview
10.2.3 Terex Corporation Articulated Truck Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Terex Corporation Articulated Truck Products Offered
10.2.5 Terex Corporation Recent Development
10.3 Doosan Corporation
10.3.1 Doosan Corporation Company Information
10.3.2 Doosan Corporation Introduction and Business Overview
10.3.3 Doosan Corporation Articulated Truck Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Doosan Corporation Articulated Truck Products Offered
10.3.5 Doosan Corporation Recent Development
10.4 Deere & Company
10.4.1 Deere & Company Company Information
10.4.2 Deere & Company Introduction and Business Overview
10.4.3 Deere & Company Articulated Truck Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Deere & Company Articulated Truck Products Offered
10.4.5 Deere & Company Recent Development
10.5 Caterpillar
10.5.1 Caterpillar Company Information
10.5.2 Caterpillar Introduction and Business Overview
10.5.3 Caterpillar Articulated Truck Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Caterpillar Articulated Truck Products Offered
10.5.5 Caterpillar Recent Development
10.6 Bell Trucks America
10.6.1 Bell Trucks America Company Information
10.6.2 Bell Trucks America Introduction and Business Overview
10.6.3 Bell Trucks America Articulated Truck Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Bell Trucks America Articulated Truck Products Offered
10.6.5 Bell Trucks America Recent Development
10.7 The Liebherr Group
10.7.1 The Liebherr Group Company Information
10.7.2 The Liebherr Group Introduction and Business Overview
10.7.3 The Liebherr Group Articulated Truck Sales, Revenue and Gross Margin (2018-2023)
10.7.4 The Liebherr Group Articulated Truck Products Offered
10.7.5 The Liebherr Group Recent Development
10.8 Komatsu
10.8.1 Komatsu Company Information
10.8.2 Komatsu Introduction and Business Overview
10.8.3 Komatsu Articulated Truck Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Komatsu Articulated Truck Products Offered
10.8.5 Komatsu Recent Development
10.9 Hydrema Holding
10.9.1 Hydrema Holding Company Information
10.9.2 Hydrema Holding Introduction and Business Overview
10.9.3 Hydrema Holding Articulated Truck Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Hydrema Holding Articulated Truck Products Offered
10.9.5 Hydrema Holding Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Articulated Truck Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Articulated Truck Industrial Chain Analysis
11.4 Articulated Truck Market Dynamics
11.4.1 Articulated Truck Industry Trends
11.4.2 Articulated Truck Market Drivers
11.4.3 Articulated Truck Market Challenges
11.4.4 Articulated Truck Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Articulated Truck Distributors
12.3 Articulated Truck Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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