Loaders Market Size, Trends & Analysis - Forecasts to 2026
Global Loaders Market Insights
The global loaders market is estimated to witness a high CAGR during the forecast period (2019-2026). Loader is a type of wheeled tractor mounted with square bucket on the front, rear or sometimes at both the ends. The buckets attached are used to scoop up lose material from the ground which include dirt, sand and gravel among others. Loaders are used for lifting heavy loads and moving materials. Growing demand for loaders from the mining along with construction industry is driving the market growth. Superior flexible characteristics along with integrated hydraulic systems for better control under great weight holding operations are some of the major factors driving the market. The stringent regulations that are imposed on the construction and mining equipment industry are expected to hamper the growth of the loaders market during the forecast period.
Loaders Market: By Product Type
On the basis of product type, the global loaders market is segmented into wheeled loaders, skid steer loaders, backhoe loaders, crawler/tractor loaders, and mini loaders among others. The wheeled loaders type is expected to hold the largest market share during the forecast period. Growing adoption of wheeled loaders largely in construction industry is expected to propel the market during the forecast period. Backhoe loaders type is expected to grow at a significant CAGR during the forecast period. Backhoe loaders are used for multipurpose functions including loading, digging, and excavating among others. These loaders help to serve the purpose of all small, medium, and large scale construction activities. The demand for mini loaders is expected to grow because of its lower cost compared to other loaders.
Loaders Market: By Size
On the basis of size, the market is segmented into heavy duty, medium duty and light duty. Heavy duty segment is expected to hold the significant market share during the forecast period. Growing urbanization and industrialization across the globe is expected to drive the market of heavy duty loaders. These loaders are used in different industries, such as mining, construction, thermal plants and manufacturing industries among others. Heavy duty loaders are used for lifting heavy weights. Mini duty loaders segment is expected to grow at a high CAGR during the forecast period. The mini duty loaders segment is driven by increasing demand from agriculture industry.
Loaders Market: By Region
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America. Asia Pacific is expected to witness considerable growth in the loaders market during the forecast period. The presence of developing economies such as China, Argentina, India, and Brazil are expected to boost the market growth during the forecast period. Developing construction industry along with growing mining activities in the region is increasing the demand of the loaders. The expanding manufacturing sector and increasing foreign investments in the region are the major factors driving the loaders market growth. Europe witnessed a stronger demand for loaders in 2018. The growing construction projects in Germany, UK, Spain, and France are the major factors propelling the market growth in this region.
Loaders Market: End Use Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are Goldcrop, Barrick Gold, and L&T among others.
Loaders Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the Loaders market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Loaders Market Share & Competitor Analysis
Some of the key players operating in the Loaders market are Metso Corporation, Komatsu Ltd., Caterpillar, AB Volvo, Autonomous Solutions Inc., Scania, Hitachi, Ltd., Liebherr, Sany, Zoomlion, Terex, Doosan Infracore, John Deere and Scania among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In June 2019, John Deere launched a new power-driven tractor for agriculture industry.
In December 2018, Volvo launched LX2 electric compact wheel loader for construction industry. The machine delivers zero emissions, significantly lower noise levels, improved efficiency and reduced operational costs.
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The global Loaders Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Loaders Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies.
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