Europe Multi Attachment Loaders Market will total US$ 833.8 Mn as Application Grows in Agriculture and Industrial Sectors
According to Future Market Insights (FMI), the Europe multi attachment loaders market is expected to grow at 2.8% CAGR through forecast period of 2021-2031. Sales of multi attachment loaders in the Europe market is set to total US$ 833.8 Mn in 2021, with a stable long-term projection.
Europe Multi Attachment Loaders Market
A recent market study published by Future Market Insights on the Multi Attachment Loaders ...
According to Future Market Insights (FMI), the ongoing growth of the construction & infrastructure sector in Europe is a key factor fuelling the demand for multi attachment loaders for construction applications. Coupled with this, the rising demand for compact machinery/ vehicles for material handling in agriculture and industrial sectors has boosted the demand of multi attachment loaders across the Europe.
Due to the COVID-19 outbreak, the demand for multi attachment loaders declined slightly in 2020. The effect of COVID-19 on demand from several end-use sectors like mining, and construction and general manufacturing was less, which affected the sales of multi attachment loaders in various countries.
The demand for small sized machinery to operate in compact spaces in certain construction sites will create opportunities for sales in multi attachment loaders market. Besides this, advancements in production technologies also will aid sales in the coming years.
Key Takeaways from Multi Attachment Loaders Market Study
- By rated horsepower, the 50 Hp segment is projected to account for leading share in the Europe market.
- The demand in the building & construction sector is set to hold over 35% of the market share on value basis by the end of forecast period.
- Germany will remain a primary market within Europe, accounting for over 40% of the demand for multi attachment loaders registered in 2021.
- Sales of multi attachment loaders with tipping load capacity of 1.5 to 2.5 ton is set to surge at CAGR of approximately 2.6% over the coming decade.
“As market players focus on navigating through challenges posed by the unprecedented pandemic outbreak, their focus on technological improvements will rise. This also will help the market recover growth within Europe,” says a Future Market Insights analyst.
Who is Winning?
The Europe multi attachment loaders market is moderately consolidated with the top players accounting for the maximum market share. In order to achieve more sales top companies, are creating contracts with end users and developing innovative products to reduce the operating cost and carbon emission. Along with that manufacturers are focusing on expanding their sales channel in order to achieve strong market presence.
Some of the key players in this industry include but are not limited to Wacker Neuson group, Volvo Construction Machinery, Doosan Bobcat, Kubota, Hitachi Construction Machinery, Liebherr, J.C. Bamford Excavators, YANMAR HOLDINGS CO. LTD, Schäffer Maschinenfabrik GmbH, Avant Tecno Oy, Multione, Mecalac , Caterpillar Inc., and SANY Europe GmbH.
Find More Valuable Insights
The research report analyzes demand for Multi Attachment Loaders market. The Europe Multi Attachment Loaders Market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed on the basis of rated horsepower, by tipping load capacity, end use and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand factors.
About Industrial Automation Division at Future Market Insights
The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry
About Future Market Insights (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, and has delivery centers in the UK, 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.
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