Articulated Dump Truck Market By Power Output (Less Than 250 HP, 251 – 400 HP and More Than 401 HP), Payload Capacity (Less Than 20 Tons, 21 – 35 Tons and More Than 35 Tons) and End User (Mining, Waste Recycling, Construction and Agriculture) - Global Industry Analysis And Forecast To 2025
The articulated truck is a vehicle that has a semi-permanent or permanent pivot joint during the development, enabling the truck to turn all the more strongly. In a more extensive sense, any vehicle towing the trailer could be portrayed as articulated (this word explained originates from Latin word articulus : known as little joint). In the state of UK, the expression " articulated lorry" alludes to the mix of a trailer and a tractor, shortened to "artic". While in the state of U.S., this is known as the "tractor-trailer", "semi-truck" or “semi-trailer truck”, and might not really be called articulated. Therefore, the Articulated Dump Truck Market is anticipated to expand and has tremendous scope during the forecast period. The global Articulated Dump Truck Market anticipated to flourish in the future by growing at a significantly higher CAGR.
Drivers & Restrains
The factors driving the global market are; more growth in the mining & construction sectors which is increasing the demand for these trucks, more flexibility offered by these trucks with the ability to navigate in most difficult & uneven terrains, rising development in the collaborations of various players in the technical terms, more development of technology that has improved the operating efficiency of the trucks and other factors. The restraining factor of the global market can be the cost of the trucks.
The North American region is leading the global Articulated Dump Truck Market due to the more growth seen in the sectors like the mining & construction in this region.
Articulated Dump Truck Market, By Region
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
Hydrema Holding APS
The Liebherr Group
Bell Trucks America, Inc
Deere & Company
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?