Acme articulated market expectations Market prominent development in developed regions, Fact.MR study details.
According to the new Fact.MR study, the articulated freight market will record volume sales of more than 16,400 units in 2018, with a marginal increase of 1% in 2017. The Fact.MR study shows that the perennial demand for articulated haulers in the construction industry supports the steady growth of the articulated haulage market. In an attempt to efficiently address the demand of end-user industries and increase stabilizing sales through the distributor network, manufacturers in the articulated carrier market are constantly introducing new B2C business approaches that offer better deals. customer services.
According to the Fact.MR study, articulated carriers with engine power of up to 400 HP will likely record volume sales of almost 8,400 units in 2018, accounting for more than 50% of global sales. Demand for 400-500 HP motorized trucks is the second largest and is expected to report nearly 6,000 sales volumes in 2018.
Market expectations for articulated haulers Acme Development
Acme articulated market expectations Market prominent development
The articulated haulage market supply chain involves the distribution of equipment and services from original equipment manufacturers to end-customer distributors. As sales of articulated haulers are currently dominated by the distributor network, prominent players are dedicated to strengthening their distribution, particularly to lead customer value in terms of effectively addressing uptime issues and the life cycle of the equipment.
- Volvo CE has initiated changes such as the expansion of its territory and the emergence of new dealers in the company's dealership network in North America in 2017.
- Bell Equipment has announced the expansion of its North American distributor network operating through its North Carolina facility in May 2018.
- In August 2018, Terex Trucks signed three new distributors in the French construction market, which is marked by multiple major construction projects.
Connected services - an essential asset for stakeholders to make from direct equipment sales
The current Articulated Carriers market sales strategy involves working with distributors. However, the current distribution strategy does not have the capabilities of efficient pricing and invoicing services. This further limits the scalability in the changing industry landscape where the number of buyers is changing from a handful of distributors to millions of direct customers. Innovative connected services aligned with ongoing digitalization have helped B2C business models better service offerings. When involved in a combination of distribution channels where equipment is sold directly to customers, OEMs in the heavy equipment market generally have greater control over direct sales to consumers. By providing better service offerings through connected services, manufacturers in the articulated haulers market are aiming to strengthen their existing distribution network and to gain from direct sales of consumer equipment.
Renting equipment remains a key for articulated truck manufacturers to take advantage of temporary equipment solution requirements
The construction industry is heavily dependent on temporary jobs where equipment rental continues at the center of the stage. Given the expensive nature of the equipment, heavy equipment, including hinged conveyors, is primarily rented instead of owning. In addition, in an attempt to achieve significant savings, the articulated haulage market end-use industries are showing a significant inclination for rental solutions. Leading players in the market for articulated carriers, such as Volvo CE, Bell, Caterpillar and Deere & Company, provide on-demand rental services to meet the growing demand for temporary equipment solutions. Services, such as personalized rental packages with quality guarantee and maintenance support, are provided through distributors of these prominent articulated carriers in the market.
The Competitive Assessment of the Panorama Offered in the Articulated Freight Market Report is one of the most insightful sections that provides information on the most recent and notable developments by key players in the articulated freight forwarder market. Some of the players profiled in the articulated haulage market include Volvo Group, Doosan Corporation, Caterpillar, Inc., Komatsu Ltd, Hitachi Construction Machinery Co Ltd, Deere & Company, Liebherr Group, CNH Industrial NV, XCMG Group, and Bell Trucks America, Inc. .
The Fact.MR report tracks the articulated carrier market for the period 2018-2028. According to the report, the articulated haulage market is likely to grow at more than 5% of TCAC by 2028.