LeapZipBlog: Steve Blade's blog: Top 6 Companies Hold over 50% Share of the Articulated Hauler Market

Top 6 Companies Hold over 50% Share of the Articulated Hauler Market

March 12, 2019 by Steve Blade  

According to the Fact.MR study, articulated haulers with engine power up to 400 HP are likely to register volume sales of almost 8,400 units in 2018, accounting for over 50% of the global sales. Demand for articulated haulers with 400-500 HP engine is the second largest and is estimated to report nearly 6000 units of volume sales in 2018.

According to Fact.MR’s new study, the articulated hauler market will register volume sales of over 16,400 units in 2018 with a marginal 1% increase in 2017.

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Fact.MR study shows that perennial demand for articulated hauler in the construction industry underpins the steady growth of the articulated hauler market. In a bid to efficiently address demand from the end-user industries and increase the stabilizing sales through the dealer network, manufacturers in the articulated hauler market consistently introduce new B2C business approaches that deliver better service offerings to customers.

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.

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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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