Overview and Scope
The industrial wheeled loader market consists of sales of bucket loaders, fork attachments, grapples, and snowplows. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Sizing and Forecast
The industrial wheeled loader market size has grown strongly in recent years. It will grow from $13.08 billion in 2023 to $13.77 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to economic growth, rising urbanization, rising infrastructure development, growing mining activities, and agricultural mechanization.
The industrial wheeled loader market size is expected to see strong growth in the next few years. It will grow to $16.99 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to construction industry growth, growing environmental regulations, rental market growth, increasing population, aging fleets, and the need for more efficient machinery drives. Major trends in the forecast period include technological advancements, enhanced fuel efficiency, the development of smart loaders, customized solutions, and expansion in emerging markets.
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Segmentation & Regional Insights
The industrial wheeled loader market covered in this report is segmented –
1) By Product Type: Compact Wheeled Loaders, Standard Wheeled Loaders
2) By Payload Capacity: 3-5 Tons, 6-10 Tons, 11-15 Tons, 15 Tons And Above
3) By End-User: Construction, Mining, Agriculture, Industrial
North America was the largest region in the industrial wheeled loader market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial wheeled loader market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Growth in construction activities is expected to propel the growth of the industrial wheeled loader market going forward. Construction activities encompass the processes involved in erecting, renovating, or demolishing structures such as buildings, roads, bridges, and infrastructure. The increase in construction activities is due to population growth, urbanization, infrastructure development, economic expansion, and government investment in construction projects. Industrial wheeled loaders are crucial in construction activities for efficiently transporting and loading materials such as soil, sand, and debris. Their versatility and mobility enhance productivity on construction sites, allowing for rapid movement of heavy loads. For instance, in June 2024, according to a report published by the Bureau of the Census, a US-based agency of the Federal Statistical System, in the first four months of 2024, construction spending in the US reached $635.5 billion, which is 10.9% (±1.2%) higher than the $573.0 billion spent during the same period in 2023. Therefore, growth in construction activities is driving the growth of the industrial wheeled loader market.
Key Industry Players
Major companies operating in the industrial wheeled loader market are Caterpillar Inc., Hyundai Heavy Industries, Komatsu Ltd., Kubota Corporation, Atlas Copco, Xuzhou Construction Machinery Group, Liebherr Group, Kawasaki Heavy Industries, Sany Group, Volvo Construction Equipment, Hitachi Construction Machinery Co. Ltd, Yanmar Holdings Co. Ltd., JCB (J.C. Bamford Excavators Ltd.), Terex Corporation, CNH Industrial , LiuGong Machinery Co. Ltd., Wacker Neuson SE, Manitou Group, Lonking Holdings Limited, Furukawa Co.Ltd., Shantui Construction Machinery Co. Ltd., Gehl Company, Shandong Lingong Construction Machinery Co. Ltd., Tata Hitachi Construction Machinery Company Pvt Ltd, Mecalac Construction Equipment UK Ltd.
The industrial wheeled loader market report table of contents includes:
1. Executive Summary
2. Industrial Wheeled Loader Market Characteristics
3. Industrial Wheeled Loader Market Trends And Strategies
4. Industrial Wheeled Loader Market – Macro Economic Scenario
5. Global Industrial Wheeled Loader Market Size and Growth
…..
32. Global Industrial Wheeled Loader Market Competitive Benchmarking
33. Global Industrial Wheeled Loader Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Industrial Wheeled Loader Market
35. Industrial Wheeled Loader Market Future Outlook and Potential Analysis
36. Appendix
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