Articulated Lorry Market was valued at USD 57.2 Billion in 2022 and is projected to reach USD 79.1 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
The articulated lorry market is witnessing substantial growth as industries increasingly rely on these vehicles for efficient and large-scale transportation. Articulated lorries, commonly referred to as semi-trucks or tractor-trailers, are critical in logistics chains across various sectors due to their high load capacity, adaptability, and fuel efficiency. As businesses look for sustainable and cost-effective transportation options, articulated lorries remain a cornerstone of commercial vehicle fleets globally.
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Articulated lorries are vital in the food and beverage industry, ensuring the timely and safe transport of perishable and non-perishable goods. With the rise of global trade and consumer demand for fresh produce and packaged foods, these vehicles are often equipped with advanced refrigeration units and temperature controls. Their ability to handle bulk transportation across long distances while maintaining product quality makes them indispensable in this sector.
The adoption of articulated lorries in the food and beverage industry is further driven by stringent regulatory requirements for food safety and hygiene. Modern lorries are designed to comply with these standards, reducing spoilage and ensuring traceability throughout the supply chain. As online grocery shopping and food delivery services grow, the demand for specialized articulated lorries continues to rise, pushing manufacturers to innovate with enhanced features.
In the textile industry, articulated lorries play a crucial role in transporting raw materials, finished goods, and machinery. With textile production being highly centralized in specific regions, these vehicles provide a reliable means of moving large volumes of products to distribution hubs and retail outlets. Their spacious trailers and ability to accommodate varying load sizes make them highly versatile for this purpose.
Moreover, articulated lorries support the globalized nature of the textile trade, facilitating cross-border shipments and enabling faster turnaround times. As e-commerce continues to reshape consumer buying behavior, the demand for efficient transportation solutions in the textile industry is expected to grow. These vehicles are increasingly being customized with features that cater to the unique needs of textile logistics, such as modular interiors and optimized load distribution.
The construction industry heavily relies on articulated lorries for the transportation of heavy equipment, raw materials, and prefabricated structures. These vehicles are designed to handle heavy loads and operate under challenging conditions, making them a preferred choice for construction projects of all scales. Their ability to navigate rugged terrains and carry oversized loads provides unmatched operational efficiency.
As urbanization and infrastructure development continue to expand globally, the demand for articulated lorries in the construction sector is rising. These vehicles often feature reinforced chassis and specialized trailers to meet the unique demands of the industry. Furthermore, advancements in GPS and telematics technologies enable construction companies to optimize routes, reduce fuel consumption, and enhance delivery timelines.
Beyond the primary industries, articulated lorries are extensively used in sectors like retail, automotive, and electronics for diverse logistics needs. Their adaptability allows them to transport a wide range of products, from delicate electronics to large automotive parts, ensuring timely delivery and minimal handling damage. This versatility makes them an essential asset for businesses with complex supply chains.
The growing need for flexible and cost-effective logistics solutions is driving innovation in the articulated lorry market. Manufacturers are introducing modular trailers, fuel-efficient engines, and advanced safety features to cater to the unique requirements of these other industries. With the rise of just-in-time delivery models, articulated lorries continue to provide unmatched reliability and scalability for various applications.
The articulated lorry market is evolving rapidly, influenced by technological advancements, environmental concerns, and changing consumer preferences. The adoption of electric and hybrid articulated lorries is a key trend, driven by stringent emissions regulations and the push for sustainability. Autonomous driving technologies are also gaining traction, promising to enhance safety, efficiency, and reduce operational costs for fleet operators.
Another significant trend is the integration of telematics and IoT in articulated lorries, enabling real-time tracking, predictive maintenance, and improved fleet management. The shift towards digitalization in logistics is prompting companies to adopt connected solutions that enhance operational transparency and customer satisfaction. These trends are expected to shape the future of the articulated lorry market significantly.
The articulated lorry market presents numerous opportunities, particularly in emerging economies where infrastructure development and industrial growth are accelerating. Investments in road networks and trade corridors are boosting demand for efficient transportation solutions, providing a favorable environment for market expansion.
Additionally, the increasing focus on green logistics is driving demand for electric and hydrogen-powered articulated lorries. Companies that invest in sustainable and innovative vehicle designs stand to gain a competitive edge. The rise of e-commerce and just-in-time delivery models also presents opportunities for manufacturers to develop vehicles tailored to the unique needs of these sectors.
Q1: What is an articulated lorry? A1: An articulated lorry is a heavy-duty vehicle with a pivot joint, connecting the cab to the trailer for enhanced maneuverability.
Q2: What industries primarily use articulated lorries? A2: Industries like food & beverage, construction, textile, retail, and automotive widely use articulated lorries.
Q3: What are the benefits of using articulated lorries? A3: Benefits include high load capacity, adaptability for various applications, and cost-effective long-distance transportation.
Q4: Are electric articulated lorries available? A4: Yes, electric articulated lorries are emerging in the market as sustainable alternatives to traditional diesel-powered models.
Q5: What factors are driving the growth of the articulated lorry market? A5: Factors include infrastructure development, the rise of e-commerce, and advancements in vehicle technologies.
Q6: How do articulated lorries contribute to supply chain efficiency? A6: They enable bulk transportation, reduce delivery times, and enhance logistics operations across industries.
Q7: What are the challenges facing the articulated lorry market? A7: Challenges include stringent emissions regulations, high operational costs, and driver shortages.
Q8: How does telematics benefit articulated lorry fleets? A8: Telematics enables real-time tracking, predictive maintenance, and optimized route planning for fleet efficiency.
Q9: Are articulated lorries suitable for urban transportation? A9: While primarily used for long-distance logistics, compact designs make them adaptable for some urban applications.
Q10: What is the future outlook for the articulated lorry market? A10: The market is expected to grow, driven by technological advancements, sustainability efforts, and expanding industrial sectors.
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Schmitz Cargobull
Kögel Trailer GmbH
HYUNDAI Translead
Great Dane
MANAC INC
CIMC
Utility Trailer Manufacturing Company
Lamberet SAS
Sinotruk
Krone
WIELTON
Schwarzmüller Group
TIRSAN
Gorica
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 Global Articulated Lorry Market
Food & Beverage
Textile Industry
Construction
Others
Based on Types the Market is categorized into Below types that held the largest Articulated Lorry market share In 2023.
Warehouse Articulated Lorry
Refrigerated Articulated Lorry
Others
Global (United States, Global 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)
1. Introduction of the Global Articulated Lorry 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. Global Articulated Lorry Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Articulated Lorry Market, By Type
6. Global Articulated Lorry Market, By Application
7. Global Articulated Lorry Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Articulated Lorry Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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