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Global Articulated Hauler Market Is Growing At A CAGR Of 6% During 2022-2032

06-23-2022 08:53 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Global Articulated Hauler Market Is Growing At A CAGR Of 6% During

Global Articulated Hauler Industry Current and Future Outlook

The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.

However, with the relaxations in the government regulations and an expedited vaccination drive in countries like China, the U.S., the UK, and India, the Articulated Hauler Market industry is slowly picking up its pace. The manufacturers are preparing to reopen their production sites, abiding by the government regulations.

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Global Articulated Hauler Market Categorized
By Payload Capacity :

Less than 30 Million Tons
30-40 Million Tons
More than 40 Million Tons

By Engine Power :

Up to 400 HP
400-500 HP
More than 500 HP

By End Use Industry :

Mining
Construction
Forest & Agriculture

By Region :

North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

Energy Consumption in the US is Leading to High Adoption of Articulated Hauler Market Systems
The US accounts for the largest share in the construction industry. The pandemic has halted many construction-related activities, which in turn has impacted the growth of the Articulated Hauler Market industry negatively.

However, the development in the Articulated Hauler Market industry is rising at a steady pace with the resumption of the construction industry. The ever-growing energy consumption in the country is also generating demand for more energy-efficient Articulated Hauler Market systems in the region.

Competitive Landscape: Top Companies in Articulated Hauler Market

The global articulated hauler market is fragmented due to the presence of several regional and domestic players. The players have adopted numerous such as mergers and acquisitions, expansions, collaborations and partnerships to expand the consumer base globally.

Also, the leading companies have adopted new product development as a key strategy to upscale their market presence among consumers. These strategies have resulted in the integration of advanced articulated hauler.

Fact.MR has provided detailed information about price points of top manufacturers of articulated hauler market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

On 7th July 2021, has acquired an Ireland based a multinational company MDS International. Through this acquisition, company will be able to expand its operations as well as consumer base.
On 29th October 2021, Rokbak has launched the new RA30 and RA40 articulated haulers in the UK market. Through this launch company has taken entry in the region to acquire consumers and compete with leading companies.

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Technological Advancements are Leading Innovations in the Articulated Hauler Market in China

China is gradually recovering from the adverse effect of the pandemic due to its successful efforts in curbing the spread of the virus within the region. With almost negligible restrictions, the construction, heavy machinery, and automotive industry have started resuming operations.

Rising expenditure in technology and increasing emphasis on environmental safety are propelling the demand in the Articulated Hauler Market industry in China. The growing interest in billboard automation and industrial displays in allowing manufacturers to gradually attain their pre-pandemic status.

India is Experiencing High Adoption of Articulated Hauler Market Systems
The Indian Articulated Hauler Market industry witnessed a downfall due to the pandemic. In order to follow the safety guideline, many construction sites and manufacturing units were shut until further notice.

With the relaxation of these restrictions, the manufactures operating in the automation, engineering, and construction (AEC) industry managed to gather pace in recovery. However, the second wave of the pandemic hit the Articulated Hauler Market industry negatively, affecting the overall growth of the industry.

Being a fast-growing economy, global leaders are finding lucrative opportunities in the country, both in commercial and residential spaces, as the demand for multi-modal building automation is surging.

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Key Long-Term Trends

The global Articulated Hauler Market industry is showing notable recovery in 2021 and will continue to offer opportunities for expansion to the players operating in the market. With the penetration of building automation in residential areas, the Articulated Hauler Market industry will show an upward trend. Some new trends that are boosting the growth in the market are:

Internet of Things (IoT)

The Internet of Things (IoT) and the Industrial Internet of Things (IIoT) are experiencing broader acceptance in the Articulated Hauler Market industry. The innovative technology which makes everything 'inter-connected is gaining immense popularity in both residential and commercial projects, making them technologically advanced and effective in risk management.

Edge Computing

As the number of residents increases, the data also becomes vaster. Hence, edge computing will act as a key technology in the Articulated Hauler Market industry. Edge computing enables data security, easy accessibility, and enhanced automation in commercial and residential buildings.

For More Insights-https://www.globenewswire.com/news-release/2022/03/09/2400432/0/en/Low-Code-Development-Industry-is-Projected-to-Achieve-a-Global-Market-Size-of-US-187-Bn-by-2032-Currently-US-Accounts-For-the-Largest-Market-Share-in-the-World.html

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