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Articulated Truck Market by Payload Types, Power Output Types, End-users, and Regions

The global articulated truck market was valued at USD 6.17 billion in 2019 and is expected to reach USD 8.19 billion by 2026, expanding at a CAGR of 6.4% during the forecast period, 2020u20132026. Articulated truck is a vehicle with a semi-permanent pivot joint in its construction which allows the truck to turn more sharply on roads. The truck has two core parts, the anterior is a tractor unit which carries the engine and the driver and the tractor pulls the posterior part of truck called trailer, which has wheels only at the rear.

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Articulated Truck Market by Payload Types, Power Output Types, End-users, and Regions

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  1. Global Articulated Truck Market by Payload Types, Power Output Types, End-users, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026 Report By

  2. The globalarticulated truck market was valued at USD 6.17 billion in 2019 and is expected to reach USD 8.19 billion by 2026, expanding at a CAGR of 6.4% during the forecast period, 2020–2026. Articulated truck is a vehicle with a semi-permanent pivot joint in its construction which allows the truck to turn more sharply on roads. The truck has two core parts, the anterior is a tractor unit which carries the engine and the driver and the tractor pulls the posterior part of truck called trailer, which has wheels only at the rear. Request for sample@https://dataintelo.com/request-sample/?reportId=2110 These articulated trucks can also be altered into a concrete mixer, liquid tanker and others in its rearmost unit. The articulation mechanism is motorized hydraulically in these trucks to avert compression difficulties that is encountered when using pneumatic arrangements.

  3. Market Trends, Drivers, Restraints, and Opportunities: • Increase in transportation of materials in production and manufacturing facilities situated in hilly mountainous areas, is considered as one of the key factors towards the growth of market in the forecast period. • Rising average life of trucks is to promote the global articulated truck market. • Theirs an increase in the road transport connectivity, resulting in new routes for heavy vehicles. Thereby it increased the demand for articulated truck during the forecast period. • Growth of logistics sector is promoting the global articulated truck market. • The need for high performance vehicle equipped with advanced technology for terrain travel, fuels the growth of the global articulated truck market. • Due to fluctuating raw material prices and high cost of truck, is negatively impacting the global automotive articulated truck market. • Renting and leasing of heavy trucks for transportation by logistic companies to transport heavy goods such as cars and others, offers growth opportunities in the market.

  4. Ask for discount@https://dataintelo.com/ask-for-discount/?reportId=2110 Competitive Landscape: Key players in the global articulated truck market are Volvo AB, Deere & Company, Deere & Company, Doosan Corporation, Bell Trucks America Inc, Terex Corporation, The Liebherr Group, Caterpillar Inc., Hydrema Holding APS, and Komatsu Ltd. There’s an increase in rivalry among key players due to the consolidation of market by OEM suppliers by acquisition of parts manufacturer and local vendors. Enquiry Before Buying@https://dataintelo.com/enquiry-before-buying/?reportId=2110

  5. Why Choose Us: • We offer industry-leading critical reports with accurate insights into the future of the market. • Our reports have been evaluated by some industry experts in the market, thus making them beneficial for the company’s to maximize their return on investments. • We provide a comprehensive pictorial representation of the information, strategic recommendations, outcomes of the analytical tools to offer an elaborate landscape, highlighting the key market players. This detailed assessment of the market will help the company increase efficiency. • The demand and supply dynamics offered in the report give a 360 degree view of the market. • Our report helps readers decipher the current and future constraints in the Articulated Truck Market, and help them formulate optimum business strategies to maximize growth in the market.

  6. About DataIntelo: DATAINTELO has set its benchmark in the market research industry by providing syndicated and customized research report to the clients. The database of the company is updated on a daily basis to prompt the clients with the latest trends and in-depth analysis of the industry. Our pool of database contains various industry verticals that include: IT & Telecom, Food Beverage, Automotive, Healthcare, Chemicals and Energy, Consumer foods, Food and beverages, and many more. Each and every report goes through the proper research methodology, validated from the professionals and analysts to ensure the eminent quality reports.

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