United States Articulated Truck Market was valued at USD 2.8 Billion in 2022 and is projected to reach USD 3.8 Billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030.
The US articulated truck market is witnessing significant growth, driven by the diverse requirements from various industries such as construction, mining, and logistics. Articulated trucks, which consist of a tractor and a trailer, offer unmatched flexibility and power, making them essential for heavy-duty tasks. These trucks are commonly used in transporting large quantities of materials, equipment, and goods across vast distances, often in tough terrain or challenging environments. With their unique design and capability to carry heavy loads while maintaining maneuverability, articulated trucks are indispensable for several sectors.
In the construction industry, articulated trucks are crucial for transporting construction materials such as sand, gravel, and other bulk items to and from construction sites. Their robust design allows them to navigate through rough terrains, making them ideal for construction projects in rural or undeveloped areas. This capability is especially valuable as construction projects are often located in remote or difficult-to-reach locations. As the construction industry continues to grow, the demand for these trucks is expected to rise.
Meanwhile, in the mining industry, articulated trucks play an important role in hauling heavy mining equipment, minerals, and waste materials. The ability to carry heavy loads over rugged paths and uneven terrain makes them essential for transporting resources from mining sites to processing plants. Mining companies are increasingly turning to articulated trucks to improve efficiency and reduce operational downtime, making these vehicles indispensable in the sector.
Logistics and distribution industries also drive demand for articulated trucks. These vehicles are used extensively for the transportation of goods across long distances. As e-commerce continues to boom, logistics companies are turning to articulated trucks to meet the rising demand for efficient and cost-effective delivery solutions. These trucks' large carrying capacity enables them to handle the increased volume of goods being transported, making them a vital component of the supply chain.
Other industries such as agriculture, forestry, and oil and gas also rely on articulated trucks for their unique capabilities. With the increasing need for efficient transportation solutions, the US articulated truck market is expected to continue its growth trajectory. Companies in various sectors are seeking vehicles that can handle heavy loads while navigating challenging terrains, making articulated trucks a preferred choice.
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Volvo
Terex Corporation
Doosan Corporation
Deere & Company
Caterpillar
Bell Trucks America
The Liebherr Group
Komatsu
Hydrema Holding
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Articulated Truck Market
Standard Articulated Trucks
Heavy-duty Articulated Trucks
Light-duty Articulated Trucks
Specialty Articulated Trucks
Diesel Engines
Electric Engines
Hybrid Engines
Natural Gas Engines
Below 20 Tons
20-30 Tons
30-40 Tons
Above 40 Tons
Construction
Mining
Agriculture
Logistics and Transportation
Cement and Concrete
Manual Transmission
Automatic Transmission
Automated Manual Transmission (AMT)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Articulated Truck Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Articulated Truck Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Articulated Truck Market, By Type
6. US Articulated Truck Market, By Application
7. US Articulated Truck Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Articulated Truck Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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