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Compact Wheel Loaders Market Key Players, Industry Overview, Applications and Analysis 2030

 Compact wheel loaders are utilized in several industries to load materials from one place to another. They are majorly used in the construction industry, where they are a stepping-stone between skid steer and large wheel loaders. In addition, compact wheel loaders are used in the agriculture, industrial, and utility sectors. Increasing preference towards electric compact wheel loaders to attain zero carbon emission is propelling the growth of the compact wheel loaders market. According to a new research report published by Future Market Insights (FMI), the compact wheel loaders market is estimated to reach a valuation of US$ 6 Bn by 2030.

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Key Takeaways of Compact Wheel Loaders Study

  1. Latin America, Oceania, and South Asia are estimated to grow at a significant pace, owing to ongoing construction activities and infrastructural investments in these regions.
  2. Several advantages such as better maneuverability, lifting abilities, and multiple attachments compatibility are broadening the adoption of compact track loaders.
  3. Construction activity is anticipated to remain the foremost application in the global market, and hold the dominating market share throughout the forecast period
  4. Key market players are focusing on launching new products driven by advanced technologies to gain a competitive advantage in the global compact wheel loaders market landscape.
  5. The ongoing global COVID-19 health crisis is estimated to negatively impact the overall construction equipment market, due to prolonged inactivity in the construction industry, interrupted fund flows for operations, and overall delays in construction project timelines.
  6. As a preventive measure against the COVID-19 crisis, a majority of manufacturers are prioritizing workforce safety and are shutting down most of their production plants for a limited time duration.
  7. In certain regions, the construction equipment industry is facing challenges of complying with strict standards. These standards require manufacturers to invest heavily in new technologies, thus shrinking their returns on investments (ROI).

“Realizing a gradual decline in worldwide demand, players are limiting the production of compact wheel loaders to avoid the overstocking of products. Market participants need to develop robust production strategies in order to reduce risks of opportunity loss to their companies.”

  • Base Year – 2019
  • Historical Period – 2015-2019
  • Forecast Period – 2020-2030
  • Market Value in 2019 – US$ 4.8 Bn
  • Segments Covered – Product, Application, and Region
  • Regions Covered – North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa
  • Growth Drivers
    • Investment upheaval in construction projects
    • Rising shift towards electric compact wheel loaders
    • Leading players are focusing on developing tech-advanced compact wheel loaders

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COMPACT WHEEL LOADERS MARKET TAXONOMY

The global compact wheel loaders market is segmented in detail to cover every aspect of the market and present complete market intelligence to the readers.

Product

  • Compact Track Loaders
  • Skid Steer Loaders
  • Backhoe Loaders
  • Wheeled Loaders

Application

  • Construction
  • Agriculture & Forestry
  • Industrial
  • Utilities

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

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Compact Wheel Loaders Market: Competitive Landscape

The compact wheel loaders market is consolidated, owing to the presence of a limited number of manufacturers across the globe.  Caterpillar, Inc., Komatsu Ltd., Deere & Company, Doosan Corporation, and Volvo Construction Equipment are the leading players in the compact wheel loaders market. Top 5 players account for over 40% share in the global market. Introduction of technologically-advanced products while adhering to stricter environmental regulations is among the key strategies being adopted by prominent manufacturers, worldwide.

Rising Preference towards Electric Compact Wheel Loaders to Attain Zero Carbon Emission

Governments across the globe are enacting stringent regulations in an effort to reduce carbon footprint. Electric compact wheel loaders curb carbon emissions by around 30% as compared to conventional construction equipment, given their advanced engine technology.

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Golf Cart Market : Increasing urbanization and inclination towards the environment friendly options are key factors driving market of golf cart. As per a Future Market Insights (FMI) analysis, the global golf cart market is estimated to be valued at ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031. While the COVID-19 outbreak hampered sales to an extent, the market is likely to recover 2021 onwards.

Electric Bike Market : FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027).

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/Compact-Wheel-Loaders-Market
Press Release Source: https://www.futuremarketinsights.com/press-release/Compact-Wheel-Loaders-Market

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