Global Articulated Hauler Market – Overview
Current sales strategy of articulated
hauler market involves working with dealers. However, the
current distribution strategy lacks configuration abilities and efficient price
and invoice services. This further limits scalability in the evolving industry
landscape wherein the number of buyers are changing from a handful of dealers
to millions of direct customers.
Innovative connected services
aligned with the ongoing digitalization have assisted B2C business models in
better service offerings. When involved in a mix of distribution channels in
which equipment is sold directly to customers, OEMs in the heavy-duty equipment
market usually have stronger control over direct-to-consumer sales. By
providing better service offerings through connected services, manufacturers in
the articulated hauler market are aiming to strengthen the existing
distribution network and gain profits from direct-to-consumer equipment sales.
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Global Articulated Hauler Market
– Notable Developments
Some of the key developments in the
global articulated hauler market are noted below:
- Volvo CE has initiated changes such as territory
expansion and emergence of new dealers in the company’s North America
dealer network in 2017.
- Bell Equipment has announced dealer network expansion
in North America which functions through its North Carolina facility in
May 2018.
- In August 2018, Terex Trucks signed three new dealers
in the French construction market which is marked by in-pipeline multiple
big-ticket construction projects.
- Two new engine additions by Komatsu, in June 2018,
with Tier IV low-emission standards in articulated hauler models also
deliver additional features such as up to 7% lower fuel consumption,
electronic control system for engines and telematics monitoring system.
- Doosan Construction Equipment, in May 2018, launched
a new version of its DA30 articulated hauler with the DC9 276kW diesel
engine that meets the latest emission standards. The attraction of the
equipment update can be found in the upgrade of suspension to the
hydro-gas self-levelling system, a new lever for retarder steering and
more sensitive brake system.
- Caterpillar recently reintroduced 740 GC with the Cat
C15 ACERT engine which is specially configured to meet different emission
standards across world countries. The newly articulated hauler also
features advanced automatic retarder-control system, long-range LED work
lights, Cat Connect PAYLOAD technology and Cat Advanced Automatic Traction
Control (AATC) system.
Global Articulated Hauler Market –
Drivers and Restraints
There are several factors that are
helping to drive the overall development of the global articulated hauler
market. Construction industry heavily relies on temporary works wherein
equipment hire continues to remain at the centerstage. Considering the
cost-intensive nature of the equipment, heavy-duty equipment including
articulated haulers are primarily rented rather than owned. Further, in a bid
to make significant savings, end-use industries of the articulated hauler
market show a significant inclination towards rental solutions.
Global Articulated Hauler Market –
Geographical Outlook
In terms of geographical outlook,
the global articulated hauler market is segmented into five key regions. These
regions are North America, Latin America, Europe, Asia Pacific, and the Middle
East and Africa. Of these, the global articulated hauler market is being
dominated by the regional segment of North America. The regional is expected to
continue dominating the global market in the coming years of the forecast
period ranging from 2020 to 2030. A strong presence of several key players in
the region is one of the key factors behind the growth of the articulated
hauler market in North America.
On the other hand, the regional
segment of Asia Pacific is expected to witness a highly promising growth in the
coming years of the forecast period. Rising demand from the emerging economies
such as India and China are projected to drive the market growth in coming y
This study by TMR is
all-encompassing framework of the dynamics of the market. It mainly comprises
critical assessment of consumers' or customers' journeys, current and emerging
avenues, and strategic framework to enable CXOs take effective decisions.
The report sheds light on various aspects and answers pertinent
questions on the market. Some of the important ones are:
1. What can be the best investment
choices for venturing into new product and service lines?
2. What value propositions should
businesses aim at while making new research and development funding?
3. Which regulations will be most
helpful for stakeholders to boost their supply chain network?
4. Which regions might see the
demand maturing in certain segments in near future?
5. What are the some of the best
cost optimization strategies with vendors that some well-entrenched players
have gained success with?
6. Which are the key perspectives that
the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations
might challenge the status of key regional markets?
8. How will the emerging political
and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab
opportunities in various segments?
10. What will be the barrier to
entry for new players in the market?
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