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Articulated Hauler Market Trends

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

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Articulated Hauler Market Trends

Technological advancements have led to the development of more efficient and productive articulated haulers. Features including advanced GPS systems, telematics, and automation improve operational efficiency, lower downtime, and enhance safety. These improvements make articulated haulers more attractive to construction and mining companies. Stricter emission regulations in many regions are pushing manufacturers to develop more environmentally friendly haulers. Hybrid and electric articulated haulers are emerging, offering lower emissions and fuel consumption, which help companies reduce their carbon footprint.

Companies in the market are launching new products to set high standards for their competitors, pushing them to invest in similar innovations to stay competitive. Autonomous technology helps in reducing vehicle wear and tear, lower maintenance costs, and extends vehicle lifespans. Additionally, by optimizing routes and driving patterns, autonomous dump trucks also save fuel and support environmental sustainability.

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.