Articulated Dump Trucks Market

Articulated Dump Trucks: Introduction

• Dump trucks, also known as dumping trucks, are used to transport materials such as dirt, gravel, or demolition waste for construction as well as coal. In an articulated dump truck, the cab attaches to the tipping body at a point of articulation directly behind the cab.
• Articulated dump truck can handle rawer materials with less fuel. The same technology in driverless trucks is used in articulate dump trucks, so they are known as self-driving articulated dump trucks or automation ADTs. Articulate dump truck provides greater stability when dumping due to its ability to rotate on its axis, thus enabling all three axes longitudinal, lateral, and vertical to be controlled simultaneously. With the help of this method, one can dump material even on rough surfaces with great accuracy. The technology has been widely used in mining industries to reduce the number of accidents that occur due to over-speeding or exceeding load limits, thus increasing productivity through better safety and reduced costs.

Key Drivers of Global Articulated Dump Trucks Market:

• Increased need for rare earth metals and natural resources across the globe is considered as one of the major factors driving the demand for articulated dump trucks. The capability of dump trucks to transfer materials plays a vital role in the market growth, as it reduces human efforts and dumps the materials directly using hydraulic arms. Government initiatives to boost mining facilities are also propelling market growth.
• Advancements in technology and deployment of new features within these trucks are also driving the global articulated dump trucks market. Companies are introducing autonomous driving and automatic transmission features in dump truck models to enhance the overall productivity of mining sites. For instance, in December 2020, Inner Mongolia North Hauler Joint Stock Co., Ltd. (NHL) provided 20 autonomous NTR100A dump trucks to a cement manufacturer in China. These trucks are equipped with the Allison 8610 ORS automatic transmission, which allows the trucks to function in harsh environments and enhance performance in roughest mining applications.
• Rising construction activities, such as road development, building & hotel construction, amusement park, airports, and others, are boosting the market. For instance, in September 2019, the European Commission invested around US$ 140 million for the development of transport infrastructure in Europe, which is projected to boost the demand for articulated dump trucks. Rising investments for infrastructure development coupled with advancements in technology are fueling the demand globally.

Growth in Construction and Mining Industry to Offer Significant Opportunities:

• Some popular uses of articulated dump trucks include removing debris after excavations at worksites; carrying gravel, sand, digging trenches; loading wheelbarrows using shovels; moving soil & rocks during land excavation works, laying pipes underground (for water supply); clearing site rubble; and mixing cement/granite/concrete solutions by attaching mixer drums over trailers, etc.
• The articulated dump truck is extensively used in mining for the transportation of loose materials such as coal, ore, and gravel. It helps reduce labor costs and improves the efficiency of the material handling process. The truck can maneuver easily in tight spaces and navigate through rough terrain. Additionally, it can carry a large payload and cover long distances quickly. These features make it an ideal choice for transporting material from the mine to the processing plant or stockpile. All these factors are likely to offers lucrative opportunity for articulated dump trucks market during the forecast period.

Challenges for Articulated Dump Trucks Market:

• The cost of maintaining articulated dump trucks is relatively high, which is the major challenge of the global market. Dump trucks are heavy duty vehicles that emit more carbon and the fuel consumption of these trucks is also very high. These factors also hinder the market. Lack of skillful workers who can operate the articulated dump trucks, along with the limitation of the heavy automobiles are also major factors that restrain the market.

Asia Pacific to Hold Significant Share of Global Articulated Dump Trucks Market

• Asia Pacific is estimated to dominate the global articulated dump trucks market due to increase in exploration activities and the presence of leading mining companies, primarily Rio Tinto, Fortescue Metals Group, and BHP Billiton. Furthermore, governments are introducing various programs and initiatives to boost mining activities. Moreover, governments are focusing on funding to small- and medium-sized mining companies in order to encourage exploration activities.
• North America holds a significant share of the global articulated dump truck market owing to sustaining investments and favorable government policies, decrease in transportation costs in order to help companies lower unit costs, and availability of essential mined commodities including zinc, lead, and nickel along with sustaining investments. Several mines in Canada have undertaken to unearth and transport oil sands to carry bulk materials.

Key Players Operating in Global Market:

The global articulated dump trucks market is fragmented with top manufacturers across the global market. A few of the key players operating and potential in the global articulated dump trucks market are:

• AB Volvo
• AJK
• BELL Equipment
• Caterpillar
• Dux Machinery Corporation
• Epiroc
• GMMCO Limited.
• Hyundai Doosan Infracore
• Hermann Paus Maschinenfabrik GmbH
• Jinan Fucheng Hydraulic Equipment CO., Ltd
• Liebherr
• Komatsu India Pvt. Ltd.
• Normet
• Sandvik AB
• Shandong Wuzheng Group Co., Ltd.
• XCMG Group

Global Articulated Dump Trucks Market: Research Scope

Global Articulated Dump Trucks Market, by Type

• On-road Dump Truck
• Off-road Dump Truck

Global Articulated Dump Trucks Market, by Equipment Type

• Articulated Truck Bare Chassis
• Three Axle Articulated Trucks

Global Articulated Dump Trucks Market, by Capacity

• Under 30 Ton
• 30 – 40 Ton
• Above 40 Ton

Global Articulated Dump Trucks Market, by Power Output

• Less than 250 HP
• 251 – 400 HP
• More than 400 HP

Global Articulated Dump Trucks Market, by Application

• Mining
• Military
• Construction
• Agriculture & Forestry
• Waste Management
• Others

Global Articulated Dump Trucks Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa