An Incisive, In-depth Analysis on the Compact Loaders Market
This study offers a comprehensive, 360 degree analysis on the Compact Loaders market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Compact Loaders market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Significant growth in the construction and agriculture sectors across the world is contributing towards the GDP of countries. In addition, as new construction projects are announced, tremendous opportunities await the manufacturers of compact loaders as these equipment are largely used in the construction sector. Also, the trend towards mechanisation is also contributing to the growth of the compact loaders market. Growing mechanisation can been seen in the rural and semi-urban areas, where even for small scale construction projects, consumers are preferring compact loaders for earth digging or levelling and other related work.
The global compact loaders market is estimated to be valued at nearly US$ 9,600 Mn in the year 2017 and is projected to reach a value of about US$ 13,300 Mn in the year 2027, exhibiting a CAGR of 3.3% during the period of assessment. In terms of volume, the global compact loaders market is estimated to be pegged at 195,781 units in the year 2017 and is projected to reach 256,887 units in the year 2027, exhibiting a CAGR of 2.8% during the assessment period.
Increasing construction projects in North America likely to boost revenue growth of the compact loaders market
In the U.S., there is a major need to upgrade the existing infrastructure, especially road infrastructure. As per the estimates by the U.S. government, one out of nine U.S. road bridges are in need of urgent repair, 30% of major roads are in poor condition and 42% of major urban highways are congested. In the 2013 U.S budget, in a major move to upgrade the road transport sector, a Surface Transport Reauthorization Bill, worth US$ 476 Bn for a period of six years was earmarked. Such type of investments will include construction of bridges, highways and mass transit construction projects till the year 2018. Also, during this six year period, the bill also includes reconstruction of roads, dams, buildings and bridges. Such massive investment in the construction sector in the United States is likely to stimulate the construction sector in the country, which in turn is likely to boost the demand for compact loaders in the global market.
Growing urbanisation in the APEJ region is expected to fuel construction activity, which in turn is likely to boost the market for compact loaders
Due to the rapidly increasing rate of urbanisation in the APEJ region, there is a huge need for commercial and residential construction projects, along with a need to meet the growing demand for providing adequate infrastructure in cities. This situation leads to a high investment in the infrastructure sector, which is one of the major drivers for the growth of the compact loaders market. As per industry estimates, around US$ 750 Bn to US$ 850 Bn is invested in infrastructure projects worldwide each year, and a major portion of this investment – 70% to be precise – is pumped in emerging economies. In the APEJ region, India is an emerging nation where there is a tremendous scope for infrastructure development. To underscore this fact, the investment in infrastructure in India was expected to increase to US$ 1 trillion during its 12th plan which runs from 2012 till 2017. Increasing investments in infrastructure projects in the region is likely to benefit the growth of the compact loaders market in the APEJ region.
Global compact loaders market forecast by application
The construction sector segment in the application category of the global compact loaders market is estimated to be valued at US$ 4,142 Mn in the year 2017 and is projected to reach a value of US$ 6,145 Mn by the end of the year 2027, exhibiting a CAGR of 4.0% during the period of assessment. In terms of volume, the construction sector segment is estimated to be pegged at 84,688 units in the year 2017 and is projected to reach a figure of 119,261 units in the year 2027, exhibiting a CAGR of 3.5% during the period of assessment.
Future Market Insights presents yet another comprehensive and insightful report titled ‘Compact Loaders Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’. Compact loaders are mainly used in various industries to load materials from one place to another. Such kind of equipment are smaller in size and have less capacity than the conventional heavy construction equipment. In this report, all the compact loaders under 100 HP capacity for use in construction, agriculture, industrial and utility sectors are considered.
This report is divided into four distinct parts to offer clarity and easy readability to the report readers. The first section of the report is the introduction, which contains the executive summary of the report, the market taxonomy and the definition of the product, namely, compact loaders. The macroeconomic factors affecting the compact loaders market are also discussed in this section. Besides this, the compact loaders market opportunity analysis and a list of major construction projects going on all over the world are given. Moreover, the value chain analysis of the compact loaders market is also given in this section. The second part of the report contains the global compact loaders market analysis and forecast by region, by product type and by application. This section of the report contains important market numbers such as market attractiveness index, incremental dollar opportunity and basis point share analysis. The third part of the report contains the regional compact loaders market analysis and the regions are chosen as per the market taxonomy. This section of the report contains the regional market dynamics of the compact loaders market in the form of drivers, restrains and trends.
The last part of this report contains the competition landscape with information about the important players operating in the global compact loaders market. This competition landscape contains important information about the key market companies such as company description, product overview, recent developments, strategic overview and key financials along with a SWOT analysis. The competition landscape is a valuable part of the report as it gives guidance both to the established players as well as the new entrants in this market about the level of competition prevailing in the market.
Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies in the compact loaders market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the global compact loaders market.
By Product Type