The global market for compact loaders has witnessed significant growth in the past few years. The ever-growing construction sector has further fueled the market demand for compact loaders. A compact loader is a light equipment machine mainly used in construction activities to move or load materials such as asphalt, demolition debris, snow, dirt, gravel, feed, logs, raw minerals, recycled material, sand, rock, woodchips, etc. into another type of machinery such as a conveyor belt, dump truck, railroad car or feed-hopper. The growing urbanization along with the rise in government investment for construction are the prime factors that are driving the growth of the compact loaders industry.
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The Global Compact Loaders Market has been segmented based on Type, Engine Capacity, Application, and Region. The global compact loaders market has been segmented by type into wheeled and tracked. The global compact loaders market has been segmented by engine capacity into up to 65 HP, 65–80 HP, and above 80 HP. By application, the global compact loaders market is segmented as construction, landscape & maintenance, agriculture & forestry, mining, and others.
Asia-Pacific is estimated to be the fastest-growing market in the global compact loaders market during the forecast period: MRFR
By region, the Global Compact Loaders Market has been segmented as North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Asia-Pacific is expected to hold the major market share in the global compact loaders market.
The Asia-Pacific construction sector is growing with a strong growth rate, is expected to follow the same trend over the next years. China, Indonesia, India, and Malaysia are considered to be potential markets for compact loaders. The region is a combination of both developed and emerging economies. China leads the compact loaders market in the Asia-Pacific and is expected to show the highest growth rate in the forecast period as well. Asia-Pacific is currently one of the most dynamic regions across the globe with dense urban areas. the rising number of non-residential projects are creating a demand for new and more advanced construction equipment which is further expected to drive the market growth.
North America region is projected to hold the second-largest market share followed by Europe. The North American market is particularly driven by the construction equipment rental market. The US is a major contributor to market growth; it is projected to witness the fastest growth in the region.
The growing infrastructure along with the increasing government investment has created a number of growth opportunities for compact loaders in the Middle East & Africa. The Middle East & Africa market is estimated to show a high growth rate in the forecast period. Saudi Arabia has captured considerable market share in the Middle East & Africa region; whereas the South America region is estimated to show gradual growth rate owing to the increase in the number of non-residential projects.
The Global Compact Loaders Market was valued at USD 3.8 Billion in 2018; it is expected to grow at a CAGR of 3.5% during the forecast period.
Scope of the Report
This study provides an overview of the global compact loaders market, tracking three market segments across five geographies. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for Asia-Pacific, North America, South America, Europe, and the Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global compact loaders market by type, application, engine capacity, and region.
- By Type
- By Engine capacity
- Up to 65 HP
- 65 – 80 HP
- Above 80 HP
- By Application
- Landscape & Maintenance
- Agriculture & Forestry
- By Region
- North America
- South America
- Middle East & Africa
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The Prominent Players in the Global Compact Loaders Market include Komatsu Ltd. (Japan), Caterpillar Inc.(US), Volvo Construction Equipment (Sweden), Wacker Neuson Group (Germany), KUBOTA Corporation (Japan), CNH Industrial N.V.(UK), Xuzhou Construction Machinery Group Co. Ltd. (China), Deere & Company (US), Hitachi Construction Machinery Co. Ltd. (Japan), Yanmar Holding Co. Ltd. (Japan), Doosan Corporation (South Korea), Sany Heavy Industry Co., Ltd. (China), Liebherr Group (Switzerland), Takeuchi Mfg. Co, Ltd., (JAPAN).
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