Articulated Hauler Market Volume Forecast and Value Chain Analysis 2018-2028
The articulated hauler market is marked by a handful of companies that address a bulk of the articulated hauler demand from end-use industries. Cost-intensive nature of the product further intensifies the consolidation of prominent players’. Top 6 companies in the Tier 1- Caterpillar, Komatsu, Volvo, CNH Industrial N.V, Deere & Company and Hitachi Construction collectively hold over half the articulated hauler market share. In a bid to maintain the larger market share, top companies are engaged in R&D investments, new product launch and regional expansion activities.
Prominent Players Strengthen Dealer Network with Enhanced Focus on Customer Value
The supply chain of the articulated hauler market involves the distribution of equipment and services from OEMs to dealers to end customers. As sales of articulated hauler are currently dominated by dealer network, prominent players are engaged in strengthening their distribution, particularly to lead customer value in terms of effectively addressing uptime issues and equipment lifecycle value.
Volvo CE has initiated changes such as territory expansion and emergence of new dealers in the company’s North America dealer network in 2017.
Bell Equipment has announced dealer network expansion in North America which functions through its North Carolina facility in May 2018.
In August 2018, Terex Trucks signed three new dealers in the French construction market which is marked by in-pipeline multiple big-ticket construction projects.
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Lower-Emission, Fuel Efficiency & Productivity Enhancement – Prominent Standards for Articulated Hauler Manufacturers
Reduced emission and compliance to Tier IV Final emission standards has become a prime marketing strategy of manufacturers in the articulated hauler market. Moreover, in a bid to enhance the brand image, manufacturers in the articulated hauler market have introduced additional features to achieve fuel efficiency and increased productivity. Along with low emission engines, advanced articulated haulers are equipped with fuel-sipping engines, light-weight materials, advanced energy storage capabilities as well as technologies such as GPS and telematics.
Two new engine additions by Komatsu, in June 2018, with Tier IV low-emission standards in articulated hauler models also deliver additional features such as up to 7% lower fuel consumption, electronic control system for engines and telematics monitoring system.
Doosan Construction Equipment, in May 2018, launched a new version of its DA30 articulated hauler with the DC9 276kW diesel engine that meets the latest emission standards. The attraction of the equipment update can be found in the upgrade of suspension to the hydro-gas self-levelling system, a new lever for retarder steering and more sensitive brake system.
Caterpillar recently reintroduced 740 GC with the Cat C15 ACERT engine which is specially configured to meet different emission standards across world countries. The newly articulated hauler also features advanced automatic retarder-control system, long-range LED work lights, Cat Connect PAYLOAD technology and Cat Advanced Automatic Traction Control (AATC) system.
Connected Services – Must-Have Asset for Stakeholders to Gain Profits from Direct Equipment Sales
Current sales strategy of articulated hauler market involves working with dealers. However, the current distribution strategy lacks configuration abilities and efficient price and invoice services. This further limits scalability in the evolving industry landscape wherein the number of buyers are changing from a handful of dealers to millions of direct customers.
Innovative connected services aligned with the ongoing digitalization have assisted B2C business models in better service offerings. When involved in a mix of distribution channels in which equipment is sold directly to customers, OEMs in the heavy-duty equipment market usually have stronger control over direct-to-consumer sales. By providing better service offerings through connected services, manufacturers in the articulated hauler market are aiming to strengthen the existing distribution network and gain profits from direct-to-consumer equipment sales.
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Equipment Rental Remains a Key for Articulated Hauler Manufacturers to Leverage Temporary Equipment Solutions Requirements
Construction industry heavily relies on temporary works wherein equipment hire continues to remain at the centerstage. Considering the cost-intensive nature of the equipment, heavy-duty equipment including articulated haulers are primarily rented rather than owned. Further, in a bid to make significant savings, end-use industries of the articulated hauler market show a significant inclination towards rental solutions.
Prominent players in the articulated hauler market such as Volvo CE, Bell, Caterpillar and Deere & Company provide on-demand rental services to cater to the growing demand for temporary equipment solutions. Services such as customized rental packages with quality assurance and maintenance support are provided through dealers of these prominent articulated hauler market players.
The competitive landscape assessment offered in the articulated hauler market report is one of the most insightful section that delivers information of latest and notable developments undertaken by key players in the articulated hauler market. Some of the profiled players in the articulated hauler market include Volvo Group, Doosan Corporation, Caterpillar, Inc., Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Deere & Company, Liebherr Group, CNH Industrial N.V., XCMG Group and Bell Trucks America, Inc.
The articulated hauler market players are leveraging strategies such as the integration of advanced technologies and introduction of advanced models of articulated haulers.
Caterpillar, one of the top manufacturer in the articulated hauler market, re-introduced its Cat 740 GC articulated hauler – the 40-ton size range in the company’s articulated hauler range. The reintroduced model features an advanced automatic retarder-control system for improved operator efficiency.
Komatsu, a leader in the articulated hauler market has launched two new models of articulated haulers - 28t capacity HM300-5 and 40t capacity HM400-5, in June 2018. Both the articulated haulers feature low-emission Tier 4 Final emission certification and Komatsu’s advanced truck transmission system.
Bell Equipment, one of the articulated hauler specialists, showcased its four-wheel-drive, the Bell B30E 4x4 at the International Exhibition for Construction and Infrastructure (INTERMAT) 2018. The new articulated hauler design is suitable for small and medium-sized quarries with integrated aggregate production facilities.
Articulated hauler, also known as articulated dump truck or ADT, is a heavy-duty equipment used for the transportation of loads in rough terrains. Generally utilized as a dump truck, articulated hauler primarily has two units – a tractor and a hauler or dump body. The tractor trailer has an articulated frame that aids in greater maneuverability during the movements of articulated hauler on-site.
About the Report
Fact.MR’s latest study on the articulated hauler market is published in the report titled, “Articulated Hauler Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028”. The articulated hauler market report offers exhaustive information related to multiple market facets ranging from the global construction equipment industry outlook to industry trends and their relative impact on the growth of the articulated hauler market. A thorough analysis based on this extensive study has derived the most credible forecast of the articulated hauler market during the period of 2018-2028.
The articulated hauler market structure includes multiple segments that are categorized based on payload capacity, engine power and end-use industry. The articulated hauler market structure is determined after following the thorough research of the supply-demand equation in the construction equipment market, making the segmentation the most useful categories for users to completely fathom the progress of the articulated hauler market in detail.
The articulated hauler market study also includes regional analysis of a total seven regions including North America, Latin America, Europe, CIS & Russia, APEJ, Japan and MEA.
Additional Questions Answered
The articulated hauler market report sheds lights on all the vital facets of the articulated hauler market in addition to the aforementioned key insights. In-depth analysis as such can enable users to understand articulated hauler market landscape and can provide answers to some of the bemusing questions of business professionals interested in the articulated hauler market.
What will be the impact of the global construction industry dynamics on the growth of articulated hauler market?
What are the key business strategies of market players in the articulated hauler market to maintain market sustainability?
Which will be the highly preferred payload capacity in the articulated haulers among end-use industries?
The articulated hauler market report provides in-detailed discussion regarding the methodology of research followed during the course of the study of the articulated hauler market. A thorough discussion on the research methodology enables users to understand the study objectives and clarifies discrepancies related to the assumptions and forecast made in the articulated hauler market report.
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