Lightweight Compact Wheel Loader Market

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

  • 2020-04-21
  • REP-GB-11429
  • 22 Tables
  • 107 Figures
  • 200 pages
  • PDF PPT EXCEL
Lightweight Compact Wheel Loader Market
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Market to Surge 1.3X by 2030

At the center of most influential technological transformations over the years, compact industrial equipment has proved to be a breeding ground for innovation and application versatility. In line with continued urbanization and infrastructural development, a greater need for compact equipment which are robust, environment friendly, versatile in application, cost effective, and can fit into smaller places has added to the demand for lightweight compact wheel loaders. According to Future Market Insights, the lightweight compact wheel loaders market accounted for revenues worth over US$ 1.56 Bn in 2019. However, no industry is immune to the recent COVID-19 pandemic, and the compact wheel loaders market is no exception which is expected to face severe headwinds in 2020 and beyond.

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Key Factors Shaping Lightweight Compact Wheel Loader Market

A Shift from Manual to Electric Compact Wheel Loaders

Lightweight compact wheel loaders are majorly allied with increasing construction industry and construction spending in different regions. Developing countries, such as China, India, and Brazil, are expected to be noticeable contributors to the growth of the global lightweight compact wheel loader market in the coming years. The compact construction equipment industry contains products that are robust, small, can fit into smaller places, versatile, and cost effective, increasing adoption of lightweight compact wheel loaders.

With the increasing construction of new buildings and Infrastructure development projects in different regions, there is an increase in demand for lightweight compact wheel loaders. Electric compact wheel loaders improve productivity and efficiency of construction and provide better working capacity, which enhances the sales of lightweight compact wheel loaders.

Large-scale Infrastructure Projects to Create Noteworthy Demand

Several large-scale infrastructural projects, development programs & infrastructural projects by governments, as well as key events such as Expo 2020 in the United Arab Emirates and Al Qiddiya, Sound Transit 3 (ST3) Construction Project, Neom project in Saudi Arabia, and many other, are expected to majorly contribute to the rise in demand for lightweight compact wheel loaders in the coming years.

Lightweight compact wheel loaders are estimated to witness noteworthy demand in GCC countries, particularly motivated by increase in capital expenditure for construction activities and mega infrastructure projects scheduled in different regions. Moreover, widespread investments in the core industrial sector and ongoing investments in large-scale infrastructure projects are expected to drive demand for lightweight compact wheel loaders in the foreseeable future.

Adverse Impacts of COVID-19 Pandemic

The COVID-19 or coronavirus pandemic has affected majority of the countries in Europe and Asia, with North America expected to follow soon. The pandemic resulted in drastically hampering the global economy and shutdown of industrial and commercial activities. COVID-19 is negatively impacting the long term supply contracts of the lightweight compact wheel loaders. The market is estimated to recover slowly within one to two years.

Moreover, lightweight compact wheel loader rental businesses also face losses in income. For instance, according to the survey of The American Rental Association (ARA), rental revenues are deteriorating and are estimated to significantly worsen in the coming months.

Lightweight Compact Wheel Loader Market Structure Analysis

  • The global lightweight compact wheel loaders market is highly competitive due to presence of large number of players. Doosan Corporation, Wacker Neuson SE, Hitachi Construction Machinery Co. Ltd, CNH Industrial N.V., are Tier-I players involved the global lightweight compact wheel loader market.
  • The market participants in the lightweight compact wheel loader market are aiming to their focus on technological development, product development, and acquisition in order create dominance in the market

Compact Track Loaders to Remain Top Selling Category

Compact track loaders will continue to take their rightful place on construction sites and landscaping projects, owing to tight turning radiuses and enhanced maneuverability. Accounting for nearly 2/5th of the total sales, manufacturers have specifically focused on this category. Another factor responsible for compact track loaders’ popularity is the electro-mobility. Lightweight nature of the product has accelerated manufacturers’ move from diesel to electric solutions. However, COVID-19 - a global crisis evolving at unprecedented speed and scale - is set to cause disruptions to demand for lightweight compact track loaders as well as backhoe loaders.

Leading Europe’s Market to Witness Significant Decline in Sales

Europe has long been a dominant market for a wide variety of industrial equipment, contributing significantly to the global economy. However, the regional market is seeing sustained standstill in 2020, as the COVID-19 crisis adds layers of complexity to manufacturing and supply chain operations with customers facing similar challenges. The impact is also noticeable on the lightweight compact wheel loaders market, and it is expanding as the virus spreads and EU5 emerges among the worst-hit countries. North America is also likely to remain one of the most affected regional markets, while signs of recovery are expected to appear in Asia Pacific with reopening of factories in China.

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

Leading Europe’s Market to Witness Significant Decline in Sales
Leading Europe’s Market to Witness Significant Decline in Sales
Leading Europe’s Market to Witness Significant Decline in Sales
Leading Europe’s Market to Witness Significant Decline in Sales
  • 2014
  • 2019
  • 2022
  • 2029
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Sustainability vs. Pandemic Crisis - A Challenging Area of Manufacturers

Intense global focus on sustainability, due to rapidly rising carbon emissions and environmental issues, has been favoring the demand for lightweight compact wheel loaders with reduced fuel consumption. Manufactures continue to add new capabilities to set their products apart from the competition and innovations had been forthcoming for methane-powered and battery-driven compact wheel loader concept. However, the COVID-19 pandemic’s effect on these manufacturers has been massive, and sales of these products are vulnerable in the current crisis, due to higher price tag and expansive shutdowns of both manufacturing operations and end-use industries. Manufacturers are thus hard-pressed to take immediate measures to preserve the integrity of their operations and prepare for the future post COVID-19.

Compact track loaders remain highly preferred

Demand for backhoe loaders to witness steady rise

High application in construction

Adoption in utilities to pick pace

How Growth will Unfold

Highly influenced by the ‘versatility’ and ‘sustainability’ quotient, lightweight compact wheel loaders have been garnering significant traction as the most preferred among construction workers. While the construction industry continues to influence growth strategies, accounting for 41% of the total demand, manufacturers are eyeing lucrative opportunities in other application areas such as utilities and agriculture & forestry. Moreover, these manufacturers are targeted towards offering tailor made products to meet the needs of specific operating conditions. However, the current crisis is highly likely to cause market stakeholders to revisit their growth strategies, take a longer-term view, and think through the post COVID-19 implications for business continuity.

Lightweight Compact Wheel Loader Application Assessment (2020 E)

* 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 lightweight compact wheel loader market includes the global industry analysis of 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. Our analysts conduct thorough research on the historical as well as current growth parameters of the market to obtain growth prospects with maximum precision.

Lightweight Compact Wheel Loader Market Taxonomy

Product

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

Application

  • Construction
  • Agriculture & Forestry
  • Industrial
  • Utilities
  • Facility/ Property management

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • MEA

What's Included

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

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

The market report provides key market trends that are expected to significantly impact market growth during the forecast period. Detailed industry trends are provided in this section.

This section includes key successful factors and strategies adopted by key market participants.

This section explains the global market value analysis and forecast for the market for the forecast period of 2020-2030. This chapter includes a detailed analysis of the historical market, along with an opportunity analysis for the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019-2029). Along with this, pricing analysis of the market at the regional level has been provided in this section. This section also explains the global market volume analysis and forecast for the lightweight compact wheel loader market in the forecast period of 2020-2030.

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

This chapter provides details about the market on the basis of product type and has been classified into compact track loader, skid steer loader, backhoe loader and wheeled loader. In this chapter, readers can understand the market attractiveness analysis based on product type.

This chapter provides details about the lightweight compact wheel loader market based on material and has been classified into construction, agriculture & forestry, industrial, utilities and facility/property management.

This chapter explains how the lightweight compact wheel loader market will grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA).

This chapter includes a detailed analysis of the growth of the North America 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 material and countries in North America.

This chapter provides the growth scenario of the lightweight compact wheel loader market in Latin American 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 lightweight compact wheel loader market based on its end users in several countries such as Germany, France, the U.K., Spain, BENELUX, Russia, Italy, and the Rest of Europe are included in this chapter.

This chapter highlights the growth of the market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the market in East Asia.

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

This chapter provides information about how the lightweight compact wheel loader market will grow in major countries in the MEA region such as GCC, Turkey, Northern Africa, South Africa, and the Rest of MEA, during the forecast period of 2020-2030.

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the 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 lightweight compact wheel loader 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 Doosan Corporation, Wacker Neuson SE, Hitachi Construction Machinery Co. Ltd., CNH Industrial N.V., Avant Tecno Oy, BF-TECNIC SRB DOO, TOBROCO-GIANT, Schäffer Maschinenfabrik GmbH, Ensign Heavy Industries Co., Ltd., Bull Machines, Liugong Machinery Co., Ltd., MultiOne, Norcars, NEUMEIER GmbH, J.C. Bamford Excavators Limited (JCB) and Taian Hysoon Machinery Co., Ltd.

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

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

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Engineers
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current market dynamics and challenges
  • Yesteryear 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

  • Industry Publications
  • Industry Associations
    • OICA
    • International Trade Association
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits lightweight compact wheel loader market designation

Primary Interview Splits lightweight compact wheel loader market stakeholder

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