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Articulated Hauler Market Share

Report ID: GMI11237
Published Date: Sep 2024
Report Format: PDF

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Articulated Hauler Market Share

Sany Group and Caterpillar Inc. hold a significant share of over 15% in the articulated hauler industry in 2023. Sany focuses on development of a wide range of articulated haulers tailored to different markets and customer needs. Their investment in R&D allows the company to introduce advanced features like improved fuel efficiency, robust payload capacities, and enhanced operator comfort and increase their market share in the market.

Caterpillar focuses on high-growth regions such as Asia-Pacific and Latin America for expansion. Their strategy involves setting up local manufacturing plants and establishing robust distribution networks. Additionally, the company engages in strategic acquisitions and joint ventures to enter new markets and enhance its product portfolio. These alliances help Caterpillar expand its global footprint and cater to changing customer needs.

Articulated Hauler Market Companies

Major companies operating in the articulated hauler industry are:

AB Volvo
Bell Equipment
Caterpillar Inc.
Doosan Infracore
Hitachi Construction Machinery
John Deere
Komatsu Ltd.
Liebherr Group
Sany Group
XCMG

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of articulated hauler was worth over USD 10.9 billion in 2023 and is anticipated to register over 7% CAGR between 2024 and 2032, owing to the expanding mining industry across the globe.

The rigid segment in the articulated hauler market is expected to reach USD 13 billion by 2032, due to their durability and advanced safety features.

Asia Pacific articulated hauler market held 45% revenue share in 2023, due to rapid industrialization in countries such as India and China.

AB Volvo, Bell Equipment, Caterpillar Inc., Doosan Infracore, Hitachi Construction Machinery, John Deere, Komatsu Ltd., Liebherr Group, Sany Group, and XCMG.