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Articulated Hauler Market- Wealth Yield from Prime Geographies Expected to Surge by 2028 | Key Players are Volvo Group, Komatsu Ltd., Hitachi Construction Machinery Co. Ltd, etc.
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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.
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.
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.
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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.
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. 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.
Competitive Landscape
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.
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