Global Articulated Vehicle Market

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Global Articulated Vehicle Market

Global Articulated Vehicle Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 6.1% from 2019 to 2027, reaching nearly US$ XX Bn.

 

Global Articulated Vehicle Market

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The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Global Articulated Vehicle Market: Market Overview

An articulated vehicle is a type of vehicle that has either permanent or semi-permanent pivot joints, allowing to take sharp turns. These vehicles are designed in such a way that all rare wheels follow the path of the front wheels. It handles a diverse ground condition. These vehicles have a large turning radius and also are unable to operate in significantly less space areas. These articulated vehicle are of many types such as buses, trucks, trams and many more.
Global Articulated Vehicle Market: Market Dynamics

Change in the logistic landscape, evolution of new business models with continuous change of transport industry are the major factors that work as driver of the global articulated vehicle market. Rising preference of autonomous and electrical vehicles in concern of zero emission of harmful gases anticipated to fuel the growth of the market. Rapid urbanization across the globe, also increases the construction and mining industries where articulated vehicle are utilized most and propel the global articulated vehicle market during the forecast period. Increasing preference for increasing fuel efficiency and reducing transportation cost, the articulated vehicles are widely being preferred as it reduces the additional expense over fuel. These are the major factors which anticipate driving the global articulated vehicle market during the forecast period.

Limited vehicles are used as an articulated vehicle because tractor or trucks are designed to operate for specific speed and load. The impact of pandemic COVID-19 on world economy, adversely affect the automotive sector and logistic sector which hinder the growth of the market during the forecast period.
Global Articulated Vehicle Market: Market Segmentation

On the basis of end-user, the logistic segment is expected to grow at higher CAGR during the forecast period owing to rising number of e-commerce portals and penetration of digitalization. Moreover, the mining sector will continue to be attractive end-user industry. Rising the trends of autonomous vehicles in automotive industry as it increases the overall performance of the vehicle. The autonomous vehicle segment of autonomy is projected to have the highest growth rate. The truck segment holds major shares as articulated trucks are majorly used for carrying more than one trailer to enhance the transportation efficiency.
Global Articulated Vehicle Market: Regional Analysis

North America is dominating the global articulated vehicle market, closely followed by Europe during the forecast period. Expanding the construction industry in developing nation of North America such as Brazil, Mexico and Argentina are fueling the growth of articulated vehicle. Increasing the cost of transportation and good infrastructure of this region anticipated to drive the market over the forecast period. Europe is considered to have steady growth due to rise in the mining industry. Asia Pacific is expected to grow on a positive note, as this region is majorly focused on construction industry due to rapid urbanization in developing nations in the region.

Asia Pacific accounts for a significant sales of automobile and increasing logistic industry in emerging nation such as China, increases the demand of Articulated Vehicles. The rise in demand of autonomous vehicle, increasing industrialization and also rise in import and export, are the major factors that increase the demand of transportation across this region, which in turn is fueling the Articulated Vehicle market. Europe is estimated to grow at a considerable CAGR during the forecast period.

The objective of the report is to present a comprehensive analysis of the Global Articulated Vehicle Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Articulated Vehicle Market dynamics, structure by analyzing the market segments and projects the Global Articulated Vehicle Market size. Clear representation of competitive analysis of key players by Autonomy, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Articulated Vehicle Market make the report investor’s guide.
Scope of the Global Articulated Vehicle Market: Inquire before buying

Global Articulated Vehicle Market, by Type

• Buses and Trucks
• Watercraft
• Others
Global Articulated Vehicle Market, by End-user

• Mining
• Construction
• Logistics
• Others
Global Articulated Vehicle Market, by Autonomy

• Manual vehicles
• Autonomous vehicles
Global Articulated Vehicle Market, by Region

• Asia Pacific
 India
 China
 Japan
 South Korea
 Australia
 Indonesia
 Malaysia
 Vietnam
 Rest of Asia
• North America
 U.S.
 Canada
• Europe
 U.K
 Germany
 France
 Russia
 Spain
 Italy
 Sweden
• South America
 Mexico
 Brazil
 Rest of South America
• Middle East & Africa
 GCC
 South Africa
 Rest of MEA
Global Articulated Vehicle Market, Key Players

• AB Volvo
• Deere & Company
• Terex Corporation
• Caterpillar Inc.
• Komatsu Ltd
• Doosan Corporation
• Daimler Trucks North America LLC
• EvoBus GmbH
• Mack Trucks
• Hydrema Holding APS
• Navistar, Inc.
• The Liebherr Group
• Peterbilt
• PACCAR Inc.
• Bell Trucks America, Inc.

 

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