The global articulated dump truck tire market is anticipated to grow at a CAGR of 2.7% during the forecast period (2022-2028). Due to their unique hauling capabilities, dump trucks are popular in a variety of industries. An articulated dump truck or articulated haulers, in particular, has the power and dependability required to complete even the most difficult operations, as well as the precision handling essential to assure safety and efficiency. The need for articulated dump trucks has been fueled by a number of market drivers, with the construction and mining industries being the most prominent. Some of the primary reasons for the truck’s increasing demand in the market are its capacity to negotiate uneven and rough terrains with high flexibility.
In the oil and gas business, an articulated dump truck is used to transport cargo, equipment, and supplies. It can be used in pipes to transfer oil products. Articulated haulers, often known as articulated trucks or shufties, are a type of articulated truck. Energy exploration, extraction, and transportation are all done with the Articulated Hauler. Petroleum companies mostly use them to transfer equipment through difficult terrain. Due to their distinctive frame construction, which incorporates a front part with two steering axles, articulated transporters can handle difficult terrain.
Due to the usage of articulated dump trucks in various industries, the market is growing.Excavated earth and extracted minerals are hauled away by articulated dump trucks in the mining sector. Articulated dump trucks provide agility and safety, especially in the congested environments of mining sites. Articulated dump trucks are used to transport materials and remove excavated debris such as dirt, rocks, stumps, and downed trees at all types of construction sites, from residential developments to industrial installations to highway and pipeline tunnel projects. Additionally, to transport excavated stones, quarries use articulated dump trucks.
Furthermore, material handling is transporting large, bulky materials in a safe and effective manner. The usage of an articulated dump truck aids in the handling and transportation of these items, keeping supply chains moving and businesses operating. Due to technological developments, articulated dump trucks are now easier to operate, allowing end-users to place less experienced employees in the driver’s seat. For instance, Volvo’s Haul Assist for ADTs (Articulated Dump Truck),has been providing connectivity to monitor production and cycle durations while providing real-time feedback to the operator since 2016. To remove a lot of the guesswork out of driving, complete cruise control, Opti-Shift, and automated downhill speed control were included in 2019.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Artic Investments S.A., Continental AG, Michelin, Titan, Inc., Trelleborg AB, among others.
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Global Articulated Dump Truck Tire Market Report by Segment
By Type
- Pneumatic
- Solid
- Polyurethane
By Application
- OEM
- Aftermarket
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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