July 2, 2019 by Steve Blade
Fact.MR has recently compiled a research on the articulated hauler market and published a report titled, “Articulated Hauler Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028”. The articulated hauler market report covers all the vital facets of the articulated hauler market that hold significant influence on the futuristic progress of the articulated hauler market. In addition, the articulated hauler market report includes a thorough analysis of all the important drivers, restraints, trends and opportunities prevailing in the heavy-duty equipment market that impact the forecast projections of the articulated hauler market.
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.
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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.
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.
“Demand growth of the heavy-duty equipment highly relies on the developments in the end-use industries across regions. As procurement of heavy-duty equipment including articulated haulers involves heavy investment, equipment management professionals are showing a strategic shift from buying the equipment to renting and leasing. Increasing focus on gaining control over direct-to-consumer sales, manufacturers are adopting innovative business models for equipment service offerings, further ensuring articulated hauler market sustainability.” Says a senior analyst at Fact.MR.
Volume Sales of Articulated Hauler in APEJ Increase by 400 Units in 2018 over 2017
The study estimates that the APEJ region will cross 6400 units of volume sales in 2018, an excess of 400 units reported in 2017. Increasing number of construction projects and growing government support in the region can be attributed to the highest demand for articulated haulers in the APEJ.
North America is expected to follow the trail and account for almost 20% of the global volume sales in the articulated hauler market in 2018. Increasing construction projects in the residential sector have significantly contributed to over 80% of North America’s demand for articulated haulers in the United States.
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.
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