Global Articulated Vehicle Market Overview:

An articulated vehicle is a vehicle with permanent or semi-permanent pivot joints that allows it to turn sharply. All uncommon wheels on these vehicles are engineered to follow the course of the front wheels. It can handle a variety of ground conditions. These vehicles have a big turning radius and are unable to operate in spaces that are substantially smaller. Buses, lorries, trams, and other articulated vehicles are only a few examples.

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Global Articulated Vehicle Market Scope and Dynamics:

The global articulated vehicle market is driven by changes in the logistic landscape, the creation of new business models, and the constant change of the transportation industry. The industry is expected to grow due to a growing preference for autonomous and electric vehicles due to concerns about dangerous gas emissions. Rapid urbanisation around the world boosts the construction and mining industries, which use articulated vehicles the most, propelling the global articulated vehicle market forward over the forecast period. With a growing inclination for improving fuel efficiency and lowering transportation costs, articulated vehicles are becoming increasingly popular since they reduce the additional cost of fuel. These are the primary variables that are expected to drive the global articulated vehicle industry over the next few years.

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Global Articulated Vehicle Market Segmentation:

Due to the increasing number of e-commerce portals and digitalization penetration, the logistic industry is predicted to develop at a faster CAGR throughout the projection period. Furthermore, the mining industry will remain a desirable end-user industry. Autonomous vehicles are becoming more popular in the automobile industry as they improve the vehicle's overall performance. The autonomous vehicle segment of the industry is expected to grow at the fastest rate. The truck category accounts for the majority of the market, as articulated vehicles are frequently utilised to move several trailers in order to improve transportation efficiency.

Key Players in Global Articulated Vehicle Market:

• 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.

Global Articulated Vehicle Market Regional Insights:

The country-level subdivision of the North American market comprises forecasts and analyses for the United States, Canada, and the Rest of North America. The Global Articulated Vehicle market in the United Kingdom, Germany, France, and the rest of Europe is observed and forecasted at the country level in Europe. The Asia Pacific market country-level analysis and forecast comprises major countries in the region such as India, China, Japan, and the Rest of Asia Pacific. GCC countries, South Africa, and the rest of the Middle East and Africa are comprised in the country-level analysis and forecast for the Middle East and Africa. The Global Articulated Vehicle market in South America is alienated into two segments: Brazil and the rest of South America.

Impact of COVID-19 on the Global Articulated Vehicle Market:

Several projects in the construction and manufacturing industry have been terminated or delayed due to the occurrence of the unique COVID-19 pandemic. Demand for sports floors is anticipated to remain lower than usual due to the conclusion of yoga centres, gymnasiums and other indoor and outdoor sporting facilities as a result of stringent lockdown regulations, limitations on internal and cross-border transportation, and procedures to contain the virus's transmission. Additionally, due to the current economic condition in several regions and the negative impact of the pandemic, some projects have been put on hold or are anticipated to be postponed. Market accomplices may be able to profit from these prospects to produce cash during the pandemic, as governments rush to physique interim COVID-19 centres and permanent healthcare amenities.

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