Analysis of Canada Compact Wheel Loader Industry by Compact Track, Skid Steer, and Backhoe Loaders, 2023 to 2033
Advanced Construction Equipment, Rising Construction and Infrastructure Projects, and Development of Remote Control Technology are Garnering Industry Growth
Compact Wheel Loader Industry Outlook from 2023 to 2033
Canada's compact wheel loader industry size reached US$ 137.1 million in 2022. By 2033, Canada’s compact wheel loader demand is anticipated to rise at a 4.1% CAGR. The industry is predicted to increase from US$ 142.0 million in 2023 to US$ 211.9 million by 2033.
Attributes
Key Insights
Compact Wheel Loader Industry Size in 2022
US$ 137.1 million
Estimated Compact Wheel Loader Industry Value (2023)
US$ 142.0 million
Projected Compact Wheel Loader Industry Revenue (2033)
US$ 211.9 million
Value-based Compact Wheel Loader Industry CAGR (2023 to 2033)
4.1%
The rapid population growth and urbanization are elevating the importance of compact wheel loaders in managing the workloads associated with growing populations. Compact wheel loaders are becoming prevalent due to heightened industry investment, driven by the growing need for effective material handling and construction machinery in Canada. Their small size and adaptable features make them essential across diverse industrial environments.
With remarkable lifting powers and improved movement, compact wheel loaders are valuable for industries planning growth initiatives involving material loading, transportation, and excavation. The demand for these machines is surging in the agricultural sector as they prove indispensable for farm tasks, from handling bulk materials to supporting overall agrarian logistics.
The construction industry is witnessing a significant uptick in the demand for compact wheel loaders, especially in tasks like material handling, excavation, and loading, underscoring their versatility.
There is a notable preference for compact wheel loaders with a power rating above 65 HP, aligning with the diverse needs of industries relying on compact construction equipment. These machines offer several advantages, including fast cycle times, better lifting capacity, low fuel consumption, and versatility with quick couplers.
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Key Compact Loader Industry Insights
Industry to Expand Over 1.5X through 2033
Canada’s compact wheel loader industry is expected to expand over 1.5X through 2033, amid a 2.5% increase in expected CAGR compared to the historical one. This is due to the growing demand for high-speed construction equipment and the requirement for small-sized wheel loaders. By 2033, the industry is set to reach US$ 211.9 million.
Demand for Wheeled Loaders in Canada to Remain High Across Diverse Sectors
The wheeled loader segment is expected to dominate Canada’s compact wheel loader industry with a volume share of 39.2% in 2023. This is attributable to the rising usage of wheeled loaders in construction work, agriculture & forestry activity, and industrial use.
Wheeled loaders are in high demand in Canada due to their versatility, efficiency, and adaptability to several terrains. Their ability to handle multiple tasks, such as excavation, loading, and material transport, makes them valuable in construction, where they can easily navigate diverse job sites and handle larger volumes of materials.
The high travel speeds of wheeled loaders compared to compact track loaders and skid steer loaders contribute to their efficiency, especially in tasks that require frequent movement over larger distances across construction sites. In agriculture, wheeled loaders are vital in handling bulk materials like grains and in forestry for transporting logs.
2018 to 2022 Compact Wheel Loader Industry Outlook Vs. 2023 to 2033 Forecast
Sales of compact wheel loaders in Canada grew at a CAGR of 1.6% between 2018 and 2022. The industry was valued at US$ 137.1 million in 2022. By 2033, Canada’s compact wheel loader industry is expected to thrive at a CAGR of 4.1%.
Historical CAGR (2018 to 2022)
1.6%
Forecast CAGR (2023 to 2033)
4.1%
As the industrial and construction industries embraced automation in the late 2020s, the compact wheel loader industry experienced substantial expansion. During this time, motorized equipment replaced manual labor and conventional building techniques.
Technological developments, including hydraulic systems, more efficient engines, and ergonomic designs, have been key factors in expanding the compact wheel loader industry. These developments have improved operator comfort, productivity, and fuel efficiency.
The introduction of tough emissions regulations in Canada has impacted the development and production of compact wheel loaders. As a result of manufacturers' attention to environmental regulations, cleaner and more fuel-efficient models of wheel loaders have been introduced.
Compact wheel loaders with several attachment options have become more in demand. Producers have introduced quick-change attachment systems that let users rapidly transition between different instruments, including grapples, forks, and buckets.
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Future Scope of the Compact Wheel Loader Industry
Over the forecast period, the Canada compact wheel loader industry is poised to exhibit healthy growth, totaling a valuation of US$ 211.9 million by 2033. This is due to the increasing demand for downstream products, technological advancements in production processes, a shift toward sustainability, and the robust expansion of end-use industries.
Integrating smart technologies, such as sensors and data analytics in compact wheel loaders, is a game-changing advancement, offering manufacturers new opportunities. Expanding infrastructure and industrial activities in emerging economies are expected to drive demand for construction equipment, including compact wheel loaders.
Canada Compact Wheel Loader Industry Trends
Increasing Emphasis on Electric Compact Wheel Loaders
Canada's compact wheel loader industry is experiencing a notable upswing, driven by a growing emphasis on electric models. The popularity of electric compact wheel loaders is attributed to their innovative features, designed to address environmental concerns and enhance operational efficiency. These eco-friendly loaders prioritize reduced noise emissions, making them ideal for urban and residential construction projects.
Methane-powered Wheel Loaders Reduce the Fuel Consumption
Innovative machines like compact wheel loaders demonstrate a commitment to environmental sustainability and deliver substantial benefits in terms of fuel efficiency. Methane-powered wheel loaders contribute to a greener and more eco-friendly construction sector in Canada by significantly reducing fuel consumption compared to their diesel counterparts.
Canada’s compact wheel loaders embrace cutting-edge technologies, prioritizing efficiency and environmental responsibility. As the industry continues to evolve, these wheel loaders stand as a testament to the construction sector's commitment to reducing its carbon footprint.
Technological Advancements
Construction equipment manufacturers are introducing the technology of smart assistant systems in wheel loaders that enable the operator to steer comfortably with one hand. The compact wheel loader industry is experiencing a significant growth surge, propelled by technological advancements introduced by manufacturers.
Road Capabilities and Improved Visibility Provide Better Safety
In the construction landscape of Canada, compact wheel loader stands out not only for its exceptional speed and mobility but also for its road capabilities and for safety and productivity. The machine’s road capabilities ensure efficient transportation between job sites, allowing for seamless project management.
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Key Factors Restraining Compact Wheel Loader Industry Growth
A decrease in investments in building and infrastructure projects is set to result from economic downturns and uncertainty. Diminished building endeavors are expected to affect the need for compact wheel loaders.
When buying compact wheel loaders, the initial outlay is substantial. This can be a deterrent for contractors or small-scale companies with tight resources, causing them to postpone purchasing new equipment or choose other options.
Fuel, repairs, and replacement components are ongoing operating and maintenance expenses that are quite costly for enterprises. Exorbitant running expenses are set to make some firms decide against purchasing compact wheel loaders.
Comparative View of Adjacent Compact Wheel Loader Industries
The following section provides key attributes of the industries related to Canada's compact wheel loader. These include the compaction machine and lightweight compact wheel loader industries.
Drivers and trends are thoroughly analyzed to find business opportunities in all these industries. This can provide deeper insights that is set to help develop unique differentiating strategies to pursue growth and opportunity in Canada's compact wheel loader industry.
The growth of these mentioned industries is closely tied to sectors like building and construction, mining, and agriculture. Hence, the increase or collapse of these industries is set to ultimately impact sales.
Demand for compact wheel loaders in Canada is expected to expand at a 4.1% CAGR during the forecast period. Rising demand for compact wheel loaders because of their capacity to maneuver in small areas is expected to fuel sales.
The compaction machine industry is anticipated to gain traction from the increasing use of Industry 4.0 concepts and automation technology. The industry is poised to thrive at a 6.4% CAGR through 2033.
Similarly, the lightweight, compact wheel loader industry is projected to expand at a CAGR of 8.4% from 2023 to 2033. Incorporating cutting-edge safety technologies to improve operator safety and lower accident rates on construction sites is expected to gain traction.
Industry Analysis of Compact Wheel Loaders in Canada:
Attributes
Industry Analysis of Compact Wheel Loaders in Canada
CAGR (2023 to 2033)
4.1%
Growth Factor
Integration of cutting-edge technology for better fleet management and equipment monitoring, such as GPS tracking, IoT, and telematics, is driving the industry.
Compact Loader Industry Trend
A growing focus on adaptability is witnessed in several accessories that manufacturers provide to improve the performance of small wheel loaders in several scenarios.
Compaction Machine Demand Outlook:
Attributes
Compaction Machine Demand Outlook
CAGR (2023 to 2033)
6.4%
Growth Factor
Renting compaction equipment rather than buying it altogether is becoming common since it offers flexible and affordable alternatives for building projects. The desire to stay away from long-term ownership obligations is what's driving this trend.
Key Trend
Producers are concentrating on creating compaction equipment that satisfies demanding emission regulations. Cleaner engine technology and the investigation of alternate power sources, such as electric or hybrid vehicles, are a handful of the instances.
Lightweight Compact Wheel Loader Sales Forecast:
Attributes
Lightweight Compact Wheel Loader Sales Forecast
CAGR (2023 to 2033)
8.4%
Growth Factor
Rapid urbanization and increased infrastructure development projects are expected to surge the demand for compact construction equipment.
Key Trend
Growing industry attention on sustainability and minimizing environmental effects is expanding interest in small construction equipment that is hybrid and electric.
Country-wise Insights
The table below highlights key regions’ compact wheel loader revenues. Central Canada, West Canada, and Atlantic Canada are expected to remain the top three consumers of compact wheel loaders, with expected valuations of US$ 97.3 million, US$ 71.9 million, and US$ 26.1 million, respectively, in 2033.
Region
Revenue (2033)
Central Canada
US$ 97.3 million
West Canada
US$ 71.9 million
Atlantic Canada
US$ 26.1 million
North Canada
US$ 16.6 million
The table below shows the estimated growth rates of the top four countries. Atlantic Canada, North Canada, and West Canada are set to record high CAGRs of 5.6%, 4.8%, and 4.2% respectively, through 2033.
Region
CAGR (2023 to 2033)
Atlantic Canada
5.6%
North Canada
4.8%
West Canada
4.2%
Central Canada
3.5%
Rising Focus on Launching Multifunctional Loaders to Drive Sales in West Canada
West Canada’s compact wheel loader industry size is projected to reach US$ 71.9 million by 2033. Over the assessment period, demand for compact wheel loaders in West Canada is set to rise at 4.2% CAGR.
The region's economy is influenced by oil, gas, and mining industries, which is expected to drive the demand for compact wheel loaders, material handling, and site maintenance. There is substantial growth in infrastructure development spurred by urban expansion. The versatile nature of these machines makes them essential on construction sites.
West Canada's flourishing agricultural sector and expansive forestry resources also contribute to the increased need for compact wheel loaders. Region-challenging weather conditions, including heavy snowfall, boost sales as compact wheel loaders become crucial for snow removal and general maintenance.
Rising emphasis on environmental conservation and adherence to strict regulations are prompting companies to invest in more eco-friendly compact wheel loaders. The diverse terrain, encompassing mountainous regions, adds to the appeal of these machines due to their maneuverability in challenging landscapes.
Development of Advanced Construction Equipment to Uplift Central Canada
The growth of compact wheel loaders in Central Canada is driven by their versatility, all-terrain performance, increased productivity, operator comfort, and compatibility with a wide range of attachments. Despite the presence of other machines, such as compact track loaders and skid steer loaders, compact wheel loaders stand out due to their lower ground pressure and higher lifting capacities.
The ability to handle heavy-duty lifting tasks, navigate tight spaces, and provide operator comfort contributes to the increased usage of compact wheel loaders in Central Canada. Sales of compact wheel loaders in Central Canada are projected to soar at a CAGR of around 3.5% during the assessment period. Total valuation in the country is anticipated to reach US$ 97.3 million by 2033.
Growing Construction Projects in Atlantic Canada to Fuel Demand
The factor contributing to compact wheel loaders' popularity in Atlantic Canada is their ease of use. Operators find them intuitive and user-friendly, enabling quick adaptation to several tasks on the construction site. Their compatibility with multipurpose attachments adds to their versatility, allowing them to transition between different job requirements seamlessly.
The compact wheel loader industry in Atlantic Canada is anticipated to reach US$ 26.1 million in 2033. Over the forecast period, compact wheel loader demand is set to increase at a robust CAGR of 5.6%.
Category-wise Insights
The below section shows the compact track loaders segment dominating based on product type. It is forecast to thrive at 3.8% CAGR between 2023 and 2033. Based on power, the 30 to 65 HP segment is anticipated to hold a dominant share through 2033. It is set to exhibit a CAGR of 4.3% during the forecast period.
Growing Use in Landscaping Projects to Augment Demand for Compact Track Loaders
Top Segment (Product Type)
Compact Track Loaders
Predicted CAGR (2023 to 2033)
3.8%
Compact track loaders (CTLs) are becoming immensely popular in Canada owing to their remarkable versatility and adaptability across several industries. These machines stand out for their exceptional performance in diverse terrains and challenging weather conditions.
The compact size of CTLs allows them to navigate tight spaces efficiently, making them well-suited for urban construction sites and residential areas. Their high productivity and efficiency in tasks such as material movement, digging, and lifting in the construction and agricultural sectors are set to drive the industry’s growth.
Technological advancements, including improved operator comfort and advanced control systems, further enhance the appeal of compact track loaders as modern and efficient equipment. Over the forecast period, demand for compact track loaders is expected to rise at a CAGR of 3.8%.
Demand for Compact Wheel Loaders to Remain High for 30 to 65 HP
Top Segment (Power)
30 to 65 HP
Projected CAGR (2023 to 2033)
4.3%
The demand for compact track loaders, skid steer loaders, backhoe loaders, and wheeled loaders in Canada's 30 to 65-horsepower range is driven by their versatile and efficient performance. In agriculture, they prove valuable for diverse tasks such as material handling and trench digging.
The adaptability of compact track loaders across seasons, fuel efficiency, and potential compliance with regulations further contribute to their popularity in Canada. The 30 to 65 HP segment is projected to thrive at 4.3% CAGR during the forecast period.
Competitive Landscape
Canada’s loader industry is fragmented, with leading players accounting for a significant industry share. Caterpillar Inc., KUBOTA Corporation, CNH Industrial N.V., Doosan Bobcat, Hitachi Construction Machinery Co. Ltd., and Volvo Construction Equipment are the leading manufacturers and suppliers of compact wheel loaders listed in the report.
Key compact wheel loader companies are investing in continuous research to introduce new products and increase their production capacity to meet end-user demand. They are also inclined toward adopting strategies to strengthen their footprint, including acquisitions, partnerships, mergers, and facility expansions.
Recent Developments
In December 2022, Liebherr launched a new compact loader series with the new L 504 compact model. It has an advanced cab design with even more glass for optimum visibility.
In 2022, Doosan Corporation launched new compact wheel loaders manufactured by Tobrocco-Gaint.
Scope of the Report
Attribute
Details
Estimated Value (2023)
US$ 142.0 million
Projected Value (2033)
US$ 211.9 million
Anticipated Growth Rate (2023 to 2033)
4.1%
Historical Data
2018 to 2022
Forecast Period
2023 to 2033
Quantitative Units
Value (US$ million) and Volume (metric tons)
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered
Product Type
Power
Application
Region
Regions Covered
West Canada
Central Canada
Atlantic Canada
North Canada
Key Companies Profiled
Liebherr Group
Wacker Neuson Group
Deere & Company
Volvo Construction Equipment
Hitachi Construction Machinery Co. Ltd.
Doosan Bobcat
CNH Industrial N.V.
KUBOTA Corporation
Caterpillar Inc.
Compact Wheel Loader Industry Segmentation by Category
By Product Type:
Compact Track Loaders
Skid Steer Loaders
Backhoe Loaders
Wheeled Loaders
By Power:
Below 30 HP
30 to 65 HP
Above 65 HP
By Application:
Construction
Agriculture and Forestry
Industrial
Utilities
By Region:
West Canada
Central Canada
Atlantic Canada
North Canada
Frequently Asked Questions
How big is the compact wheel loader industry in Canada?
Canada's industry is set to reach US$ 142.0 million in 2023.
What is the forecast for the compact wheel loader industry?
Demand in Canada is slated to expand at a 4.1% CAGR through 2033.
What is the outlook for the compact wheel loader industry in Canada?
The target industry is set to reach US$ 211.9 million in 2033.
Which product type will garner significant value share by 2023?
Wheeled loader is expected to garner a significant value share by 2023.
What was the value of the compact wheel loader industry in 2022?
The industry was valued at US$ 137.1 million in 2022.
Table of Content
1. Executive Summary
1.1. Canada Industry Outlook
1.2. Supply Side Trends
1.3. Technology/Development Roadmap
1.4. Demand Side Trends
1.5. Analysis and Recommendations
1.6. What Industry Participants are Saying
2. Industry Overview
2.1. Industry Coverage / Taxonomy
2.2. Industry Definition / Scope / Limitations
3. Key Industry Trends
3.1. Key Trends Impacting the Industry
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Strategic Promotional Strategies
5. Canada Industry Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Industry Volume (Units) Analysis, 2018 to 2022
5.2. Current and Future Industry Volume (Units) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Canada Industry - Pricing Analysis
6.1. Canada Pricing Analysis By Product Type
6.2. Canada Average Pricing Analysis Benchmark
6.3. Key Pricing Impact Factors
7. Canada Industry Demand (in Value or Size in US$ million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Industry Value (US$ million) Analysis, 2018 to 2022
7.2. Current and Future Industry Value (US$ million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Industry Background
8.1. Macro-Economic Factors
8.1.1. Real GDP Growth
8.1.2. Gross domestic product by provision
8.1.3. Lifecycle Analysis of Construction Equipment
8.1.4. Emission Regulations for Diesel Engines
8.1.5. Population Distribution
8.1.6. Mining In Different Provision of Canada
8.1.7. Annual deforestation in Canada Outlook
8.1.8. Canada Industrial Investment Overview
8.1.9. Winter Wheat Production Overview
8.2. Forecast Factors - Relevance & Impact
8.2.1. GDP Growth
8.2.2. Construction Equipment Industry
8.2.3. Construction Industry Trends
8.2.4. Advancements in Compaction Equipment
8.2.5. Electric Compact Wheel Loaders
8.2.6. Rental Services and Cost Savings
8.2.7. Rapid Expansion of Road Infrastructure
8.2.8. Stringent Government Regulations
8.3. Value Chain
8.3.1. Value Chain Analysis – Profit (EBIT) Involved At Each Step
8.3.2. Avg. Profitability Margins
8.4. COVID-19 Crisis – Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Industry Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Porter’s Five Forces
9. Canada Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
9.1. Canada Industry CAGR Variance Analysis By Volume
9.2. Canada Industry CAGR Variance Analysis By Value
9.3. Canada Industry Analysis By Region
9.3.1. Canada Industry Size (US$ million), Volume (Units), and Absolute $ Opportunity (US$ million), Y-O-Y Growth 2018 to 2033, By Region
9.3.1.1. West Canada
9.3.1.2. Central Canada
9.3.1.3. Atlantic Canada
9.3.1.4. North Canada
9.3.2. Canada Industry Volume Share (%) by Region
9.3.3. Canada Industry Value Share (%) by Region
9.3.4. Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Region
9.3.5. Canada Industry Size (US$ million), Value (US $ Th.) & Value Share (%) Historical & Forecast Analysis By Region
9.3.5.1. Canada Industry Volume (Units) historical & Forecast Analysis By Region
9.3.5.2. Canada Industry Value (US$ million) historical & Forecast Analysis By region
9.4. Canada Industry Analysis By Product
9.4.1. Canada Incremental $ Opportunity Value (US$ million) By Product, 2023 to 2033
9.4.1.1. Compact Track Loaders
9.4.1.2. Skid Steer Loaders
9.4.1.3. Backhoe Loaders
9.4.1.4. Wheeled Loaders
9.4.2. Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Product
9.4.3. Canada Industry Size (US$ million), Volume (Units) & Volume (US$ million) Historical & Forecast Analysis By Product
9.4.4. Canada Volume YoY% Historical & Forecast Analysis By Product
9.4.5. Canada Value YoY% Historical & Forecast Analysis By Product
9.5. Canada Industry Analysis By Power
9.5.1. Canada Incremental $ Opportunity Value (US$ million) By Power, 2023 to 2033
9.5.1.1. Below 30 HP
9.5.1.2. 30 to 65 HP
9.5.1.3. Above 65 HP
9.5.2. Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Power
9.5.3. Canada Industry Size (US$ million), Volume (Units) & Volume (US$ million) Historical & Forecast Analysis By Power
9.5.4. Canada Volume YoY% Historical & Forecast Analysis By Power
9.5.5. Canada Value YoY% Historical & Forecast Analysis By Power
9.6. Canada Industry Analysis By Application
9.6.1. Canada Incremental $ Opportunity Value (US$ million) By Application, 2023 to 2033
9.6.1.1. Construction
9.6.1.2. Agriculture & Forestry
9.6.1.3. Industrial
9.6.1.4. Utilities
9.6.2. Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Application
9.6.3. Canada Industry Size (US$ million), Volume (Units) & Volume (US$ million) Historical & Forecast Analysis By Application
9.6.4. Canada Volume YoY% Historical & Forecast Analysis By Application
9.6.5. Canada Value YoY% Historical & Forecast Analysis By Application
10. West Canada Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
10.1. West Canada Industry CAGR Variance Analysis By Volume
10.2. West Canada Industry CAGR Variance Analysis By Value
10.3. CAGR Index, Industry Share Value (US$ million) & Absolute Index By Province
10.4. West Canada Industry Size (US$ million), Volume (Units), and Absolute $ Opportunity (US$ million), Y-O-Y Growth 2018 to 2033
10.5. West Canada Industry Analysis By Region
10.5.1. West Canada Industry Volume Share (%) by Region
10.5.1.1. British Columbia
10.5.1.2. Manitoba
10.5.1.3. Saskatchewan
10.5.1.4. Alberta
10.5.2. West Canada Industry Value Share (%) by Region
10.5.3. West Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Region
10.5.4. West Canada Industry Size (US$ million), Value (US $ Th.) & Value Share (%) Historical & Forecast Analysis By Region
10.6. West Canada Industry Analysis By Product Type
10.6.1. West Canada Incremental $ Opportunity Value (US$ million) By Product Type, 2023 to 2033
10.6.1.1. Compact Track Loaders
10.6.1.2. Skid Steer Loaders
10.6.1.3. Backhoe Loaders
10.6.1.4. Wheeled Loaders
10.6.2. West Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Product Type
10.6.3. West Canada Industry Size (US$ million), Volume (Units) & Volume (US$ million) Historical & Forecast Analysis By Product Type
10.6.4. West Canada Volume YoY% Historical & Forecast Analysis By Product Type
10.6.5. West Canada Value YoY% Historical & Forecast Analysis By Product Type
10.7. West Canada Industry Analysis By Power
10.7.1. West Canada Incremental $ Opportunity Value (US$ million) By Power, 2023 to 2033
10.7.1.1. Below 30 HP
10.7.1.2. 30 to 65 HP
10.7.1.3. Above 65 HP
10.7.2. West Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Power
10.7.3. West Canada Industry Size (US$ million), Volume (Units) & Volume (US$ million) Historical & Forecast Analysis By Power
10.7.4. West Canada Volume YoY% Historical & Forecast Analysis By Power
10.7.5. West Canada Value YoY% Historical & Forecast Analysis By Power
10.8. West Canada Industry Analysis By Application
10.8.1. West Canada Incremental $ Opportunity Value (US$ million) By Application, 2023 to 2033
10.8.1.1. Construction
10.8.1.2. Agriculture & Forestry
10.8.1.3. Industrial
10.8.1.4. Utilities
10.8.2. West Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Application
10.8.3. West Canada Industry Size (US$ million), Volume (Units) & Volume (US$ million) Historical & Forecast Analysis By Application
10.8.4. West Canada Volume YoY% Historical & Forecast Analysis By Application
10.8.5. West Canada Value YoY% Historical & Forecast Analysis By Application
11. Central Canada Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
11.1. Central Canada Industry CAGR Variance Analysis By Volume
11.2. Central Canada Industry CAGR Variance Analysis By Value
11.3. CAGR Index, Industry Share Value (US$ million) & Absolute Index By Province
11.4. Central Canada Industry Size (US$ million), Volume (Units), and Absolute $ Opportunity (US$ million), Y-O-Y Growth 2018 to 2033
11.5. Central Canada Industry Analysis By Province
11.5.1. Central Canada Industry Volume Share (%) by Province
11.5.1.1. Quebec
11.5.1.2. Ontario
11.5.2. Central Canada Industry Value Share (%) by Province
11.5.3. Central Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Province
11.5.4. Central Canada Industry Size (US$ million), Value (US $ Th.) & Value Share (%) Historical & Forecast Analysis By Province
11.6. Central Canada Industry Analysis By Product Type
11.6.1. Central Canada Incremental $ Opportunity Value (US$ million) By Product Type, 2023 to 2033
11.6.1.1. Compact Track Loaders
11.6.1.2. Skid Steer Loaders
11.6.1.3. Backhoe Loaders
11.6.1.4. Wheeled Loaders
11.6.2. Central Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Product Type
11.6.3. Central Canada Industry Size (US$ million), Volume (Units) & Volume (US$ million) Historical & Forecast Analysis By Product Type
11.6.4. Central Canada Volume YoY% Historical & Forecast Analysis By Product
11.6.5. Central Canada Value YoY% Historical & Forecast Analysis By Product Type
11.7. Central Canada Industry Analysis By Power
11.7.1. Central Canada Incremental $ Opportunity Value (US$ million) By Power, 2023 to 2033
11.7.1.1. Below 30 HP
11.7.1.2. 30 to 65 HP
11.7.1.3. Above 65 HP
11.7.2. Central Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Power
11.7.3. Central Canada Industry Size (US$ million), Volume (Units) & Volume (US$ million) Historical & Forecast Analysis By Power
11.7.4. Central Canada Volume YoY% Historical & Forecast Analysis By Power
11.7.5. Central Canada Value YoY% Historical & Forecast Analysis By Power
11.8. Central Canada Industry Analysis By Application
11.8.1. Central Canada Incremental $ Opportunity Value (US$ million) By Application, 2023 to 2033
11.8.1.1. Construction
11.8.1.2. Agriculture & Forestry
11.8.1.3. Industrial
11.8.1.4. Utilities
11.8.2. Central Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Application
11.8.3. Central Canada Industry Size (US$ million), Volume (Units) & Volume (US$ million) Historical & Forecast Analysis By Application
11.8.4. Central Canada Volume YoY% Historical & Forecast Analysis By Application
11.8.5. Central Canada Value YoY% Historical & Forecast Analysis By Application
12. Atlantic Canada Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
12.1. Atlantic Canada Industry CAGR Variance Analysis By Volume
12.2. Atlantic Canada Industry CAGR Variance Analysis By Value
12.3. CAGR Index, Industry Share Value (US$ million) & Absolute Index By Province
12.4. Atlantic Canada Industry Size (US$ million), Volume (Units), and Absolute $ Opportunity (US$ million), Y-O-Y Growth 2018 to 2033
12.5. Atlantic Canada Industry Analysis By Province
12.5.1. Atlantic Canada Industry Volume Share (%) by Province
12.5.1.1. Newfoundland and Labrador
12.5.1.2. Prince Edward Island
12.5.1.3. Nova Scotia
12.5.1.4. New Brunswick
12.5.2. Atlantic Canada Industry Value Share (%) by Province
12.5.3. Atlantic Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Province
12.5.4. Atlantic Canada Industry Size (US$ million), Value (US $ Th.) & Value Share (%) Historical & Forecast Analysis By Province
12.6. Atlantic Canada Industry Analysis By Product Type
12.6.1. Atlantic Canada Incremental $ Opportunity Value (US$ million) By Product Type, 2023 to 2033
12.6.1.1. Compact Track Loaders
12.6.1.2. Skid Steer Loaders
12.6.1.3. Backhoe Loaders
12.6.1.4. Wheeled Loaders
12.6.2. Atlantic Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Product Type
12.6.3. Atlantic Canada Industry Size (US$ million), Volume (Units) & Volume (US$ million) Historical & Forecast Analysis By Product Type
12.6.4. Atlantic Canada Volume YoY% Historical & Forecast Analysis By Product Type
12.6.5. Atlantic Canada Value YoY% Historical & Forecast Analysis By Product Type
12.7. Atlantic Canada Industry Analysis By Power
12.7.1. Atlantic Canada Incremental $ Opportunity Value (US$ million) By Power, 2023 to 2033
12.7.1.1. Below 30 HP
12.7.1.2. 30 to 65 HP
12.7.1.3. Above 65 HP
12.7.2. Atlantic Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Power
12.7.3. Atlantic Canada Industry Size (US$ million), Volume (Units) & Volume (US$ million) Historical & Forecast Analysis By Power
12.7.4. Atlantic Canada Volume YoY% Historical & Forecast Analysis By Power
12.7.5. Atlantic Canada Value YoY% Historical & Forecast Analysis By Power
12.8. Atlantic Canada Industry Analysis By Application
12.8.1. Atlantic Canada Incremental $ Opportunity Value (US$ million) By Application, 2023 to 2033
12.8.1.1. Construction
12.8.1.2. Agriculture & Forestry
12.8.1.3. Industrial
12.8.1.4. Utilities
12.8.2. Atlantic Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Application
12.8.3. Atlantic Canada Industry Size (US$ million), Volume (Units) & Volume (US$ million) Historical & Forecast Analysis By Application
12.8.4. Atlantic Canada Volume YoY% Historical & Forecast Analysis By Application
12.8.5. Atlantic Canada Value YoY% Historical & Forecast Analysis By Application
13. North Canada Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
13.1. North Canada Industry CAGR Variance Analysis By Volume
13.2. North Canada Industry CAGR Variance Analysis By Value
13.3. CAGR Index, Industry Share Value (US$ million) & Absolute Index By Province
13.4. North Canada Industry Size (US$ million), Volume (Units), and Absolute $ Opportunity (US$ million), Y-O-Y Growth 2018 to 2033
13.5. North Canada Industry Analysis By Province
13.5.1. North Canada Industry Volume Share (%) by Province
13.5.1.1. Nunavut
13.5.1.2. Northwest Territories
13.5.1.3. Yukon Territory
13.5.2. North Canada Industry Value Share (%) by States
13.5.3. North Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Province
13.5.4. North Canada Industry Size (US$ million), Value (US $ Th.) & Value Share (%) Historical & Forecast Analysis By Province
13.6. North Canada Industry Analysis By Product Type
13.6.1. North Canada Incremental $ Opportunity Value (US$ million) By Product Type, 2023 to 2033
13.6.1.1. Compact Track Loaders
13.6.1.2. Skid Steer Loaders
13.6.1.3. Backhoe Loaders
13.6.1.4. Wheeled Loaders
13.6.2. North Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Product Type
13.6.3. North Canada Industry Size (US$ million), Volume (Units) & Volume (US$ million) Historical & Forecast Analysis By Product Type
13.6.4. North Canada Volume YoY% Historical & Forecast Analysis By Product Type
13.6.5. North Canada Value YoY% Historical & Forecast Analysis By Product Type
13.7. North Canada Industry Analysis By Power
13.7.1. North Canada Incremental $ Opportunity Value (US$ million) By Power, 2023 to 2033
13.7.1.1. Below 30 HP
13.7.1.2. 30 to 65 HP
13.7.1.3. Above 65 HP
13.7.2. North Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Power
13.7.3. North Canada Industry Size (US$ million), Volume (Units) & Volume (US$ million) Historical & Forecast Analysis By Power
13.7.4. North Canada Volume YoY% Historical & Forecast Analysis By Power
13.7.5. North Canada Value YoY% Historical & Forecast Analysis By Power
13.8. North Canada Industry Analysis By Application
13.8.1. North Canada Incremental $ Opportunity Value (US$ million) By Application, 2023 to 2033
13.8.1.1. Construction
13.8.1.2. Agriculture & Forestry
13.8.1.3. Industrial
13.8.1.4. Utilities
13.8.2. North Canada Industry Size (US$ million), Volume (Units) & Volume Share (%) Historical & Forecast Analysis By Application
13.8.3. North Canada Industry Size (US$ million), Volume (Units) & Volume (US$ million) Historical & Forecast Analysis By Application
13.8.4. North Canada Volume YoY% Historical & Forecast Analysis By Application
13.8.5. North Canada Value YoY% Historical & Forecast Analysis By Application
14. Canada Industry Structure Analysis
14.1. Canada Industry Analysis by Tier of Companies
14.2. Canada Industry Concentration
14.3. Canada Industry Share Analysis of Top Players
15. Competition Analysis
15.1. Competition Dashboard
15.2. Competition Deep Dive
15.2.1. Caterpillar Inc.
15.2.1.1. Overview
15.2.1.2. Product Portfolio
15.2.1.3. Profitability by Industry Segments (Product Type/Power/ApplicationRegion)
15.2.1.4. Key Financials
15.2.1.5. Strategy Overview
15.2.2. Wacker Neuson Group
15.2.3. Deere & Company
15.2.4. KUBOTA Corporation
15.2.5. CNH Industrial N.V.
15.2.6. Xuzhou Construction Machinery Group Co. Ltd
15.2.7. Hitachi Construction Machinery Co. Ltd.
15.2.8. Volvo Construction Equipment
15.2.9. Yanmar Holding Co. Ltd.
15.2.10. Doosan Bobcat
15.2.11. Sany Heavy Industry Co., Ltd.
15.2.12. Liebherr Group
15.2.13. Takeuchi Mfg. Co, Ltd.
15.2.14. TOBROCO-GIANT
15.2.15. MECALAC
15.2.16. Schäffer Maschinenfabrik GmbH
16. Assumptions and Acronyms Used17. Research Methodology
List of Tables
Table 1: Canada Industry Size (US$ million) and Volume (Units) Analysis and Forecast By Product Type, 2018 to 2033
Table 2: Canada Industry Size (US$ million) and Volume (Units) Analysis and Forecast By Power, 2018 to 2033
Table 3: Canada Industry Size (US$ million) and Volume (Units) Analysis and Forecast By Application, 2018 to 2033
Table 4: Canada Industry Size (US$ million) and Volume (Units) Analysis and Forecast By Region, 2018 to 2033
Table 5: West Canada Industry Size (US$ million) and Volume (Units) Analysis and Forecast By Product Type, 2018 to 2033
Table 6: West Canada Industry Size (US$ million) and Volume (Units) Analysis and Forecast By Power, 2018 to 2033
Table 7: West Canada Industry Size (US$ million) and Volume (Units) Analysis and Forecast By Application, 2018 to 2033
Table 8: Central Canada Industry Size (US$ million) and Volume (Units) Analysis and Forecast By Product Type, 2018 to 2033
Table 9: Central Canada Industry Size (US$ million) and Volume (Units) Analysis and Forecast By Power, 2018 to 2033
Table 10: Central Canada Industry Size (US$ million) and Volume (Units) Analysis and Forecast By Application, 2018 to 2033
Table 11: Atlantic Canada Industry Size (US$ million) and Volume (Units) Analysis and Forecast By Product Type, 2018 to 2033
Table 12: Atlantic Canada Industry Size (US$ million) and Volume (Units) Analysis and Forecast By Power, 2018 to 2033
Table 13: Atlantic Canada Industry Size (US$ million) and Volume (Units) Analysis and Forecast By Application, 2018 to 2033
Table 14: North Canada Industry Size (US$ million) and Volume (Units) Analysis and Forecast By Product Type, 2018 to 2033
Table 15: North Canada Industry Size (US$ million) and Volume (Units) Analysis and Forecast By Power, 2018 to 2033
Table 16: North Canada Industry Size (US$ million) and Volume (Units) Analysis and Forecast By Application, 2018 to 2033
List of Charts
Figure 1: Canada Industry Historical Volume (Units), 2018 to 2022
Figure 2: Canada Industry Volume (Units) Forecast, 2023 to 2033
Figure 3: Canada Historical Industry Size (USD Th.) (2018 to 2022)
Figure 4: Canada Value (US$ million) Forecast, 2023 to 2033
Figure 5: Canada Absolute $ Opportunity, 2018 to 2023 and 2033
Figure 6: Canada Industry Share and BPS Analysis By Product Type, 2023 & 2033
Figure 7: Canada Industry Y-o-Y Growth Projections By Product Type, 2023 to 2033
Figure 8: Canada Industry Attractiveness Analysis By Product Type, 2023 to 2033
Figure 9: Canada Industry Absolute $ Opportunity by Compact Track Loaders Segment, 2018 to 2033
Figure 10: Canada Industry Absolute $ Opportunity by Skid Steer Loaders Segment, 2018 to 2033
Figure 11: Canada Industry Absolute $ Opportunity by Bachhoe Loaders Segment, 2018 to 2033
Figure 12: Canada Industry Absolute $ Opportunity by wheeled Loaders Segment, 2018 to 2033
Figure 13: Canada Industry Share and BPS Analysis By Power, 2023 & 2033
Figure 14: Canada Industry Y-o-Y Growth Projections By Power, 2023 to 2033
Figure 15: Canada Industry Attractiveness Analysis By Power, 2023 to 2033
Figure 16: Canada Industry Absolute $ Opportunity by Below 30 HP Segment, 2018 to 2033
Figure 17: Canada Industry Absolute $ Opportunity by 30 to 65 HP Segment, 2018 to 2033
Figure 18: Canada Industry Absolute $ Opportunity by above 65 HP Segment, 2018 to 2033
Figure 19: Canada Industry Share and BPS Analysis By Application, 2023 & 2033
Figure 20: Canada Industry Y-o-Y Growth Projections By Application, 2023 to 2033
Figure 21: Canada Industry Attractiveness Analysis By Application, 2023 to 2033
Figure 22: Canada Industry Absolute $ Opportunity by Construction Segment, 2018 to 2033
Figure 23: Canada Industry Absolute $ Opportunity by Agriculture & Forestry Segment, 2018 to 2033
Figure 24: Canada Industry Absolute $ Opportunity by Industrial Segment, 2018 to 2033
Figure 25: Canada Industry Absolute $ Opportunity by Utilities Segment, 2018 to 2033
Figure 26: Canada Industry Share and BPS Analysis By Region, 2023 & 2033
Figure 27: Canada Industry Y-o-Y Growth Projections By Region, 2023 to 2033
Figure 28: Canada Industry Attractiveness Analysis By Region, 2023 to 2033
Figure 29: Canada Industry Absolute $ Opportunity by West Canada Segment, 2018 to 2033
Figure 30: Canada Industry Absolute $ Opportunity by Central Canada Segment, 2018 to 2033
Figure 30: Canada Industry Absolute $ Opportunity by Atlantic Canada Segment, 2018 to 2033
Figure 30: Canada Industry Absolute $ Opportunity by North Canada Segment, 2018 to 2033
Figure 33: West Canada Industry Share and BPS Analysis By Product Type, 2023 & 2033
Figure 34: West Canada Industry Y-o-Y Growth Projections By Product Type, 2023 to 2033
Figure 35: West Canada Industry Attractiveness Analysis By Product Type, 2023 to 2033
Figure 36: West Canada Industry Share and BPS Analysis By Power, 2023 & 2033
Figure 37: West Canada Industry Y-o-Y Growth Projections By Power, 2023 to 2033
Figure 38: West Canada Industry Attractiveness Analysis By Power, 2023 to 2033
Figure 39: West Canada Industry Share and BPS Analysis By Application, 2023 & 2033
Figure 40: West Canada Industry Y-o-Y Growth Projections By Application, 2023 to 2033
Figure 41: West Canada Industry Attractiveness Analysis By Application, 2023 to 2033
Figure 42: Central Canada Industry Share and BPS Analysis By Product Type, 2023 & 2033
Figure 43: Central Canada Industry Y-o-Y Growth Projections By Product Type, 2023 to 2033
Figure 44: Central Canada Industry Attractiveness Analysis By Product Type, 2023 to 2033
Figure 45: Central Canada Industry Share and BPS Analysis By Power, 2023 & 2033
Figure 46: Central Canada Industry Y-o-Y Growth Projections By Power, 2023 to 2033
Figure 47: Central Canada Industry Attractiveness Analysis By Power, 2023 to 2033
Figure 48: Central Canada Industry Share and BPS Analysis By Application, 2023 & 2033
Figure 49: Central Canada Industry Y-o-Y Growth Projections By Application, 2023 to 2033
Figure 50: Central Canada Industry Attractiveness Analysis By Application, 2023 to 2033
Figure 51: Atlantic Canada Industry Share and BPS Analysis By Product Type, 2023 & 2033
Figure 52: Atlantic Canada Industry Y-o-Y Growth Projections By Product Type, 2023 to 2033
Figure 53: Atlantic Canada Industry Attractiveness Analysis By Product Type, 2023 to 2033
Figure 54: Atlantic Canada Industry Share and BPS Analysis By Power, 2023 & 2033
Figure 55: Atlantic Canada Industry Y-o-Y Growth Projections By Power, 2023 to 2033
Figure 56: Atlantic Canada Industry Attractiveness Analysis By Power, 2023 to 2033
Figure 57: Atlantic Canada Industry Share and BPS Analysis By Application, 2023 & 2033
Figure 58: Atlantic Canada Industry Y-o-Y Growth Projections By Application, 2023 to 2033
Figure 59: Atlantic Canada Industry Attractiveness Analysis By Application, 2023 to 2033
Figure 60: North Canada Industry Share and BPS Analysis By Product Type, 2023 & 2033
Figure 61: North Canada Industry Y-o-Y Growth Projections By Product Type, 2023 to 2033
Figure 62: North Canada Industry Attractiveness Analysis By Product Type, 2023 to 2033
Figure 63: North Canada Industry Share and BPS Analysis By Power, 2023 & 2033
Figure 64: North Canada Industry Y-o-Y Growth Projections By Power, 2023 to 2033
Figure 65: North Canada Industry Attractiveness Analysis By Power, 2023 to 2033
Figure 66: North Canada Industry Share and BPS Analysis By Application, 2023 & 2033
Figure 67: North Canada Industry Y-o-Y Growth Projections By Application, 2023 to 2033
Figure 68: North Canada Industry Attractiveness Analysis By Application, 2023 to 2033
