10-Aug-2022 | Facts and Factors
According to Facts and Factors, the global wheel loaders market size was worth USD 16,293.4 million in 2021 and is estimated to grow to USD 19,568.7 million by 2028, with a compound annual growth rate (CAGR) of approximately 3.1% over the forecast period. The report analyzes the wheel loaders market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the wheel loaders market.
A wheeled tractor, a loader, is equipped with a square bucket at the front, back, or occasionally both ends. The connected buckets collect loose ground debris, such as dirt, sand, or gravel. The main purpose of wheel loaders is to move things piled up from one location to another. They are also used to excavate, remove debris, install pipes, and load commodities onto trucks, among other things.
Browse the full “Wheel Loaders Market Size, Share, Growth Analysis Report By Types (Armored Wheel Loaders, Tractor Front Loaders, Compact Front End Loaders, and Skid Loaders & Track Loaders), By Net Operating Power (20 – 40 Hp, 40 – 80 Hp, 80 – 120 Hp, 120 – 160 Hp, 160 Hp, And Above), By Types of Bucket (Bottom Bucket, Flat Bottom Bucket, Backhoe Bucket, Demolition Bucket, Excavating Buckets, And Others), By End-Use Application (Stone Quarries, Mining Zones, Construction Sites, Military & Defense, and Public Sectors), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/wheel-loaders-market
Since the backhoe loader bucket is primarily utilized as a piece of digging equipment, the front loader bucket capacity is significantly higher than the backhoe loader buckets. The wheel level of the machine cannot be reached with the backhoe's digging apparatus. In areas where it snows frequently, front loaders are also employed to clear snow from parking lots, walkways, and other locations. Wheeled loaders may go through any area of the roadways or building sites, unlike bulldozers. The articulate steering system, which is hydraulically operated, controls the steering mechanism of wheel loaders. Even while bearing more weight, the machine is easier to manage thanks to this mechanism. Construction zones, mining sites, military grounds, and other locations frequently use wheel loaders.
The market is expanding as a result of expanding infrastructure investments and a significant number of construction projects in emerging and developing nations. The expansion of infrastructure in these areas is projected to increase demand for construction tools like loaders, frequently used to move materials and carry big loads at building sites. Future market growth is anticipated to be fueled by expanding public-private partnerships to deliver infrastructure projects, rising residential, commercial, and industrial building activity, and global economic expansion. Additionally, the absorbent glass matt (AGM) battery technology, which has low sensitivity in hot or low outside temperatures, and the development of electric compact wheel loaders to minimize noise emission propel the market's future growth.
Segmental Overview
The global wheel loaders market is segregated based on types, net operating power, types of buckets, end-use applications, and regions. Based on types, the market is divided into armored wheel loaders, tractor front loaders, compact front end loaders, and skid loaders & track loaders. In terms of type, the market was led by compact front-end loaders in 2021. Based on net operating power, the market is divided into 20 – 40 hp, 40 – 80 hp, 80 – 120 hp, 120 – 160 hp, 160 hp, and above. In 2021, the 160HP and above category dominated the market.
Based on the types of the bucket, the market is divided into the bottom bucket, flat bottom bucket, backhoe bucket, demolition bucket, excavating buckets, and others. In 2021, the backhoe bucket category dominated the market. Based on end-use application, the market is divided into stone quarries, mining zones, construction sites, military & defense, and public sectors. The construction sector is expected to develop at the quickest rate in the global market, accounting for more than 41% in 2021.
Regional Overview
The global wheel loaders market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. In terms of wheel loaders, Asia Pacific led the world market. With the expanding mining operations, particularly in China, India, Indonesia, and Oceania, the Asia Pacific region will continue to lead the worldwide wheel loader market during the projection period. Additionally, Asia Pacific is anticipated to see the highest CAGR, with China, Indonesia, Japan, and India accounting for most of this region's growth. Another element driving market expansion in this region is rising infrastructure development investment. The global wheel loaders market is further expanding due to the expansion of power projects, motorways, manufacturing facilities, and logistics in developing countries like China and India. Furthermore, the sector is supported by rising foreign direct investments in developing nations.
North America is expected to have significant market expansion because major manufacturers are concentrating on growing their presence there. The logistics industry is building warehouses in response to the high demand for infrastructure development, enabling manufacturers to grow their businesses. The market for small wheel loaders in North America is anticipated to develop at the quickest rate in the United States. With the expansion of significant construction projects across the U.S., demand for innovative assistive automobile machinery is constantly rising.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 16,293.4 Million |
Projected Market Size in 2028 |
USD 19,568.7 Million |
CAGR Growth Rate |
3.1% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Caterpillar Inc., Hitachi Ltd., Deere & Company, Kawasaki Heavy Industries Limited, Komatsu Ltd., Larsen & Toubro Limited, New Holland Construction, and Others |
Key Segment |
By Types, Net Operating Power, Types Of Bucket, End-Use Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Competitive Landscape
The report contains qualitative and quantitative research on the global wheel loaders market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts.
Key players in the global wheel loaders market include Caterpillar Inc., Hitachi Ltd., Deere & Company, Kawasaki Heavy Industries, Limited, Komatsu Ltd., Larsen & Toubro Limited, and New Holland Construction.
Recent Development:
- In March 2021, Bobcat, an American equipment manufacturer, announced the release of two next-generation compact wheel loaders, the L65 and L85. These loaders have versatile characteristics and can be utilized in various applications, including landscaping and material handling. With attachment control mode, the operator can also optimize the attachment's performance concerning that task. By enabling individual engine and travel speed control, this innovation enhances the efficiency of the auxiliary hydraulic system.
Global Wheel Loaders Market is segmented as follows:
By Types
- Armored Wheel Loaders
- Tractor Front Loaders
- Compact Front End Loaders
- Skid Loaders & Track Loaders
By Net Operating Power
- 20 – 40 HP
- 40 – 80 HP
- 80 – 120 HP
- 120 – 160 HP
- 160 HP and Above
By Types Of Bucket
- Bottom Bucket
- Flat Bottom Bucket
- Backhoe Bucket
- Demolition Bucket
- Excavating Buckets
- Others
By End-Use Application
- Stone Quarries
- Mining Zones
- Construction Sites
- Military & Defense
- Public Sectors
By Region
-
North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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