Articulated Hauler Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024

Description

The Global Articulated Hauler Market was valued at USD 10.9 billion in 2023 and is expected to grow at 7% CAGR between 2024 and 2032, driven by the expanding global mining industry. Advanced GPS systems, telematics, and automation enhance operational efficiency, reduce downtime, and improve safety. These features make articulated haulers more attractive to construction and mining companies. Stricter emission regulations are pushing manufacturers to develop environmentally friendly haulers.

Hybrid and electric articulated haulers are emerging, offering lower emissions and fuel consumption, helping companies reduce their carbon footprint. Companies are launching new products to set high standards for competitors, prompting investments in similar innovations to stay competitive. Autonomous technology reduces vehicle wear and tear, lowers maintenance costs, and extends vehicle lifespans. The rigid articulated hauler segment held around 65% of the market in 2023 and is expected to exceed USD 13 billion by 2032. Rigid articulated haulers are designed to handle harsh conditions, including extreme temperatures, abrasive materials, and rough terrains.

This durability makes them a preferred choice in industries where vehicle downtime can lead to significant financial losses. Modern rigid articulated haulers come equipped with advanced safety features, such as rollover protection systems (ROPS), enhanced braking systems, and improved visibility tools. These features reduce the risk of accidents and enhance overall operational safety, particularly in mining and heavy construction environments. The construction end-users held around 41% share of the market in 2023. Ongoing and upcoming infrastructure projects, such as roads, bridges, tunnels, and airports, require the movement of large volumes of materials.

Market Scope
Start Year	2023
Forecast Year	2024-2032
Start Value	$10.9 Billion
Forecast Value	$20.9 Billion
CAGR	7%

Articulated haulers are suitable for transporting heavy loads like gravel, sand, and debris, especially on rough or uneven terrains common in construction sites. Articulated haulers are versatile vehicles capable of handling various materials and tasks. They transport everything from earth and rocks to construction debris, making them essential for different phases of construction projects. Their ability to enhance operational efficiency is expected to drive their adoption in the construction industry.

The Asia Pacific region dominated around 45% of the articulated hauler market share in 2023 and is expected to expand significantly through 2032. Rapid industrialization in countries such as India and China is driving market growth by leading to the construction of new factories, warehouses, and industrial complexes. Many countries in the region are also advancing smart city initiatives, which require extensive construction. The versatility and efficiency of articulated haulers make them ideal for these projects, especially in urban areas where space and maneuverability are crucial.

Product Code: 11237

Chapter 1 Methodology & Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definitions

Chapter 2 Executive Summary

2.1 Market 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Raw material suppliers
- 3.2.2 Manufacturers
- 3.2.3 Technology providers
- 3.2.4 Dealers & distributors
- 3.2.5 End users
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Pricing analysis
3.6 Customer preferences and buying criteria
3.7 Patent analysis
3.8 Key news and initiatives
- 3.8.1 Partnership/Collaboration
- 3.8.2 Merger/Acquisition
- 3.8.3 Investment
- 3.8.4 Product launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Rising demand for infrastructure development and large-scale construction projects
  - 3.10.1.2 Growing adoption of articulated haulers in mining operations
  - 3.10.1.3 Advancements in fuel efficiency and emission control technologies
  - 3.10.1.4 Increased investment in sustainable and eco-friendly heavy equipment
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 High initial costs and maintenance expenses
  - 3.10.2.2 Fluctuations in raw material prices and supply chain disruptions
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Product, 2021-2032 ($Bn, Units)

5.1 Key trends
5.2 Rigid articulated hauler
5.3 Flexible articulated hauler

Chapter 6 Market Estimates & Forecast, By Drive Configuration, 2021-2032 ($Bn, Units)

6.1 Key trends
6.2 Two-wheel drive (2 WD)
6.3 Four-wheel drive (4 WD)
6.4 All-wheel drive (AWD)

Chapter 7 Market Estimates & Forecast, By Propulsion, 2021-2032 ($Bn, Units)

7.1 Key trends
7.2 Diesel
7.3 Electric
7.4 Gasoline

Chapter 8 Market Estimates & Forecast, By Payload Capacity, 2021-2032 ($Bn, Units)

8.1 Key trends
8.2 20-35 tons
8.3 35-50 tons
8.4 Above 50 tons

Chapter 9 Market Estimates & Forecast, By Industry Vertical, 2021-2032 ($Bn, Units)

9.1 Key trends
9.2 Construction
9.3 Mining
9.4 Forestry
9.5 Agriculture
9.6 Waste management
9.7 Others

Chapter 10 Market Estimates & Forecast, By Region, 2021-2032 ($Bn, Units)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.3.7 Nordics
- 10.3.8 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Southeast Asia
- 10.4.7 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
10.6 MEA
- 10.6.1 South Africa
- 10.6.2 UAE
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 AB Volvo
11.2 Astec Industries
11.3 Atlas Copco
11.4 Bell Equipment
11.5 Case Construction Equipment (part of CNH Industrial)
11.6 Caterpillar Inc.
11.7 Dezzi Equipment (Pty) Ltd.
11.8 Doosan Infracore
11.9 Epiroc
11.10 Hitachi Construction Machinery
11.11 Hyundai Construction Equipment
11.12 JCB
11.13 Komatsu Ltd.
11.14 Liebherr Group
11.15 Liugong Machinery Co., Ltd.
11.16 Sandvik Mining and Rock Technology
11.17 SANY Group
11.18 Tadano Ltd.
11.19 Terex Trucks
11.20 XCMG Group

Articulated Hauler Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032