Compact Wheel Loaders Market

2020 Analysis and Review of Compact Wheel Loaders Market by Product - Compact Track Loaders, Skid Steer Loaders, Backhoe Loaders, and Wheeled Loaders for 2020-2030

  • 2020-04-22
  • REP-GB-6058
  • 30 Tables
  • 123 Figures
  • 321 pages
  • Format: PDF/PPT/Excel
  • SELECT LICENSE :

  • US$5,000
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Compact Wheel Loaders Market to Reach US$ 5 Bn in 2022

Compact wheel loaders have emerged from a single tool equipment - bucket only - into a multi-tool equipment. Advancements in attachment offerings over the last decade have complemented the productivity and versatility of compact wheel loaders. Today, they are commonplace in construction sites and landscaping projects, given their optimum size, new attachment options, and low-fuel consumption. That being said, the coronavirus (COVID-19) pandemic has triggered standstills in the manufacturing sector, which, in turn, is severely affecting the sales of compact wheel loaders. FMI finds that, the global compact wheel loaders market will attain a valuation of US$ 5 Bn in 2022.

Compact Wheel Loaders Market: Key Insights

  • The global compact wheel loaders market will surpass US$ 5 Bn in 2022.
  • Upsurge in construction and infrastructure development projects would be critical in shaping the growth curve of the compact wheel loaders market.
  • Compact track loaders maintain their primacy; backhoe loaders to pick pace.
  • Manufacturers continue to target the construction industry for meaningful business prospects.
  • Europe would remain at the forefront in the global compact wheel loaders market; markets in Latin America and Oceania to grow at rapid CAGRs.

KEY FACTORS SHAPING COMPACT WHEEL LOADERS MARKET

Product Development with Tech-enabled Advancements

Construction equipment manufacturers have introduced intelligent assistant systems in compact wheel loaders that enable operators to steer comfortably with a single hand. Manufacturers are focused on developing new products in order to ensure improved operational output along with optimum efficiency. For instance, in 2018, Liebherr Group introduced new joystick steering and intelligent assistant systems for wheel loaders. The innovative joystick steering system enables easy operation of wheel loaders. Additionally, manufacturers are developing compact wheel loaders with electrohydraulic controls to improve operator controllability and optimize machine operation. For instance, in 2019, CNH Industrial N.V. developed compact wheel loaders equipped with an electrohydraulic controlling unit, containing over twenty electrohydraulic actuators and sensors in the machine.

Introduction of Stricter Environmental Regulations

In certain regions, the construction equipment industry faces challenges of meeting strict standards. For instance, Europe is undergoing major transition as new regulations come into existence to meet emission standards imposed by government agencies such as EPA (Environmental Protection Agency). These emission standards have been steadily introduced to limit harmful substances in exhaust gas, including hydrocarbons (HC), carbon monoxide (CO), and nitrogen oxides (NOx). These regulations require manufacturers to invest heavily in new technologies, as such, hitting their profit margins.

Establishment of New Manufacturing Facilities to Meet Growing Demand

Manufacturers of compact wheel loaders are focusing on establishing new plants that help companies increase production capacity and get access to new distribution networks, which is expected to expand the customer base. For instance, Doosan Corporation has launched a new unit to manufacture compact construction equipment, so as to increase its price competitiveness. Price competitiveness avoids trial-and-error cost of the price-setting process and helps set the price at the same level as competitors.

Europe to Stay Atop through 20230

In terms of value, the compact wheel loaders market in Europe has a leading revenue share. However, Europe is expected to face a slowdown due to the COVID-19 pandemic, creating a long-term impact on the regional market. The market in South Asia is anticipated to record notable annual growth over the forecast period, owing to growing demand for compact wheel loaders for construction activities in the region. Further, India, China, and Brazil are likely to offer the most lucrative prospects in the compact wheel loaders market.

Compact Wheel Loaders Market: Structure Analysis

  • Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Doosan Corporation, and Doosan Corporation are players with leading value shares in the global compact wheel loaders market.
  • New product launches with advanced technology along with meeting stringent government regulations is the new strategic move of a majority of market players to gain a competitive advantage.
  • The global compact wheel loaders market is consolidated, where tier 1 players hold around 2/5 of the total global market revenue.

Report Metrics

Details

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

Key Companies

Komatsu Ltd., Caterpillar Inc., Wacker Neuson Group, Deere & Company, KUBOTA Corporation, CNH Industrial N.V., Xuzhou Construction Machinery Group Co. Ltd., Hitachi Construction Machinery Co. Ltd., Volvo Construction Equipment, Yanmar Holding Co. Ltd., Doosan Corporation, Liebherr Group, Takeuchi Mfg. Co. Ltd., Avant Tecno Oy, TOBROCO-GIANT, MECALAC, and Schäffer Maschinenfabrik GmbH.

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

Compact Track Loaders Continue to Lead the Pack

Compact track loaders offer the benefits of better maneuverability, lifting abilities, and multiple attachments compatibility. As such, manufacturers are profoundly investing in them. Although they are cost-intensive, they are the best bet, especially in regular application in rough conditions. However, they will fade over the decade ahead, as they require continuous maintenance. Moving on, backhoe loaders are highly versatile, and are considered ideal for projects with stretched worksites. These factors have thus brought them to the attention of market players.

Europe Maintains its Lucrativeness, Despite COVID-19 Spread

Europe has been the ground zero of value-creation opportunities in the compact wheeler loaders market. By the end of the following decade, the market in Europe will register around US$ 2.5 Bn revenue. However, the absolute numbers of COVID-19 infections in Europe are on the rise, particularly in heavily affected countries - Spain and Italy. As such, a majority of the developed region is undergoing a manufacturing shutdown, thereby straining revenue growth of the compact wheel loaders market in Europe. This alarming situation is compelling manufacturers to cite potential opportunities in Latin America, Oceania, and South Asia, wherein, governments are increasingly spending on construction and infrastructural development projects.

Developing Products With a Blend of Advanced Technologies

In order to capture value at stake, manufacturers are crafting extensive strategies for equipping compact wheel loaders with advanced technologies to enhance operational output and overall efficacy. For instance, Liebherr Group has developed compact wheel loaders coupled with a joystick steering and intelligent assistant systems that enable easy operation. Going forward, players are manufacturing compact wheel loaders armed with electrohydraulic controls to improve operator controllability and optimize machine operation. For instance, CNH Industrial N.V. has developed compact wheel loaders driven by an electrohydraulic controlling unit that houses over twenty electrohydraulic actuators and sensors. Players investing in tech-enabled solutions are thus boosting their sales growth and improving their customer base.

Compact track loaders hold prominent revenue share

Backhoe loaders to exhibit greater CAGR

Surging adoption in construction industry

Agriculture & forestry sector to generate stable returns

How Growth will Unfold

Around half of the overall compact wheel loaders market value would be realized by the construction industry. Primarily utilized for loading and unloading bulk materials, compact loaders are a stepping-stone between large wheel and skid steer loaders. On the other hand, market players are also placing their bets on the agriculture & forestry and industrial sectors, where they would glean over US$ 2 Bn in 2020. Further, the deployment of compact wheel loaders in both these industries would ascend at identical CAGRs over the predefined timeframe.

Compact Wheel Loaders Market by Application

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

A recent market study published by FMI on the compact wheel loaders market includes global industry analysis of 2015-2019 and opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical and current growth parameters of the compact wheel loaders market, growth prospects of the market are obtained with maximum precision.

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

What's Included

The report initiates with the executive summary of the compact wheel loaders market, which includes a summary of the key findings and statistics of the market. It also includes the demand-side & supply-side trends about the market.

Readers can find the definition and a detailed taxonomy of the compact wheel loaders market in this chapter, which will help them understand basic information about the market. Along with this, comprehensive information pertaining to compact wheel loaders is provided in this section. This section also highlights the inclusions and exclusions, which help readers understand the scope of the market report.

The compact wheel loaders market report provides the key market trends and developments that are expected to significantly impact the market growth during the forecast period.

The compact wheel loaders market report provides key market factors that are expected to support the market growth over the forecast period. This section includes successful factors and strategies adopted by key market participants.

This section explains the global market volume analysis and forecast for the compact wheel loaders market in the forecast period of 2020-2030.

This section provides the pricing analysis for compact wheel loaders on the basis of product segment

This section explains the global market value analysis or market size and forecast for the compact wheel loaders market in the forecast period of 2020-2030. Readers can also find the absolute $ opportunity for the current year (2020), and an incremental $ opportunity for the forecast period (2020-2030).

This chapter explains key macro-economic factors that are expected to influence the growth of the compact wheel loaders market over the forecast period. This section also covers COVID-19 impact assessment for the global market. Along with the macroeconomic factors, this section also highlights the value chain and forecast factors for the compact wheel loaders market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.

Based on product, the compact wheel loaders market is segmented into compact track loaders, skid steer loaders, backhoe loaders, and wheeled loaders. In this chapter, readers can find information about the key trends and developments in the compact wheel loaders market, and market attractiveness analysis based on product.

This chapter provides details about the compact wheel loaders market based on application, and has been classified into construction, agriculture & forestry, industrial, and utilities. In this chapter, readers can understand the market attractive analysis based on application.

This chapter explains how the compact wheel loaders market will grow across several geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa

This chapter includes a detailed analysis of the growth of the North America compact wheel loaders market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on application and countries in North America.

This chapter provides the growth scenario of the compact wheel loaders market in Latin America countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.

Important growth prospects of the compact wheel loaders market based on its end users in several countries such as Germany, the U.K., France, Spain, Italy, Russia, BENELUX, Poland, and the Rest of Europe are included in this chapter.

This chapter highlights the growth of the compact wheel loaders market in South Asia by focusing on India, ASEAN, and the Rest of South Asia. This section also helps readers understand the key factors that are responsible for the growth of the market in South Asia.

Important growth prospects of the compact wheel loaders market based on its end users in several countries such as China, Japan, and South Korea are included in this chapter

This chapter includes a detailed analysis of the growth of the Oceania compact wheel loaders market, along with a country-wise assessment that includes the Australia and New Zealand. Readers can also find the pricing analysis, regional trends, and market growth based on application, product, and countries in Oceania.

This chapter highlights growth of the compact wheel loaders market in the Middle East & Africa by focusing on GCC Countries, Turkey, Northern Africa, South Africa, and the Rest of MEA. This section also helps readers understand key factors that are responsible for the growth of the market in MEA.

Important growth prospects of the compact wheel loaders market for key emerging countries such as China, India, and Brazil are included in this chapter.

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the compact wheel loaders market, along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the compact wheel loaders market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Komatsu Ltd., Caterpillar Inc., Wacker Neuson Group, Deere & Company, KUBOTA Corporation, CNH Industrial N.V., Xuzhou Construction Machinery Group Co. Ltd, Hitachi Construction Machinery Co. Ltd., Volvo Construction Equipment, Yanmar Holding Co. Ltd., Doosan Corporation, Liebherr Group, Takeuchi Mfg. Co, Ltd., Avant Tecno Oy, TOBROCO-GIANT, MECALAC and Schäffer Maschinenfabrik GmbH, among others.

This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the compact wheel loaders market report.

This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the compact wheel loaders market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current market dynamics and challenges
  • Market trends 
  • Market characteristics
  • Market performance and growth quadrants
  • Competition structure and market structure
  • Strategic growth initiatives
  • Near-term and long-term market growth prospects
  • Market segment splits and authenticity
  • Opinions on market projections and validity of assumptions

Secondary Research

  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits compact wheel loaders market designation

Primary Interview Splits compact wheel loaders market stakeholder

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