Wheel Loaders Market by Application (Public Infrastructure, Forestry and Agriculture, and Mining), Operating Weight (<20000 kg, 20000-40000 kg, 40000-60000 kg, and >60000 kg) - Analysis & Forecast 2019-2030
ID: 71704 I Jun 2020 I Global I
220 pages I MGI-7
Wheel Loaders Market by Application (Public Infrastructure, Forestry and Agriculture, and Mining), Operating Weight (<20000 kg, 20000-40000 kg, 40000-60000 kg, and >60000 kg) - Analysis & Forecast 2019-2030
ID: 71704 I Jun 2020 I Global I 220 pages I ;Market Industry Reports
Wheel Loaders Market Share Industry Size Growth Forecast Report 2030
ID: 71704 I Jun 2020 I Region: Global I 220 pages I Market Industry Reports
Wheel Loaders Market Overview and Introduction
Global wheel loaders market valued US$ 15.24 billion in 2018. It is anticipated to grow at a CAGR of 4.69% from 2019 to 2030.
Wheel loaders are multipurpose moveable shovels, designed to carry heavy loads and relocate materials from stockpiles to trucks, or transfer materials around job sites. Wheel loaders are used in industries such as quarry and mining, construction, agriculture & forestry, and many others. Additionally, public sector entities, equipment rental companies, sand and gravel sites and companies dealing with industrial waste also use wheel loaders for site preparation work, digging and moving and placing materials.
Continuously rising construction activities such as development of transport infrastructure and mega construction projects have been driving the overall growth of the market. Additionally, new product launches by the key players is another factor contributing towards the market growth. For instance, in June 2019, Caterpillar has launched new 920K compact wheel loader with high tipping loads, enhanced stability and intelligent power-management system.
However, high cost associated with wheel loaders and huge initial investment for manufacturing wheel loaders are the factors that have been hampering the growth of the market. Furthermore, technological development such as electrification of wheel loaders can create a big opportunity in the coming years as many regional governments have been taking various initiatives for promoting clean energy due to high environmental concerns.
Wheel Loaders Market by Application
On the basis of application, the wheel loader market is segmented into public infrastructure, forestry and agriculture, mining and other applications. The public infrastructure segment in 2018 accounted for the largest share in the global wheel loader market due to high number of smart city projects across the globe. It is also anticipated to maintain its dominance through the forecast period of 2019 to 2030.
Wheel Loaders Market by Operating Weight
On the basis of operating weight, the market is segmented into <20000 kg, 20000-40000 kg, 40000-60000 kg, and >60000 kg. In terms of market share, in 2018 the segment of <20,000 kg accounted for the largest market share, owing to increasing adoption of <20,000 kg wheel loaders for road construction, waste management, earthmoving, agriculture and many other applications.
Wheel Loaders Market by Region
The global wheel loader market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). Asia Pacific dominated the global market of wheel loader. Asia Pacific region will continue to dominate the global wheel loader market in the forecast period owing to factors such as rising mining activities particularly in China, India, Indonesia and Oceania. Additionally, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered in China, Indonesia, Japan and India. Rising investment in infrastructure development is another factor propelling the market growth in this region. In 2018, Europe accounted for the second largest share of the global market. However, over the next five years North America is anticipated to outpace Europe in terms of market share and CAGR.
Wheel Loaders Market Prominent Players
The prominent players in the global wheel loaders market are Caterpillar, AB Volvo, Deere & Company, CNH Industrial N.V., Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., J C Bamford Excavators Ltd., Doosan Infracore, Larsen & Toubro Limited., Liugong Machinery Co., Ltd. and among others.
GLOBAL WHEEL LOADERS MARKET - ANALYSIS & FORECAST, BY APPLICATION
Public Infrastructure
Forestry and Agriculture
Mining & Quarrying
Others
GLOBAL WHEEL LOADERS MARKET - ANALYSIS & FORECAST, BY OPERATING WEIGHT
<20000 kg
20000-40000 kg
40000-60000 kg
>60000 kg
GLOBAL WHEEL LOADERS MARKET - ANALYSIS & FORECAST, BY REGION
North America Wheel Loaders Market
North America Wheel Loaders Market, By Country
US
Canada
North America Wheel Loaders Market Analysis & Forecast, By Application
North America Wheel Loaders Market Analysis & Forecast, By Operating Weight
Europe Wheel Loaders Market
Europe Wheel Loaders Market, By Country/Region
Germany
U.K
France
Rest of Europe (ROE)
Europe Wheel Loaders Market Analysis & Forecast, By Application
Europe Wheel Loaders Market Analysis & Forecast, By Operating Weight
Asia Pacific Wheel Loaders Market
Asia Pacific Wheel Loaders Market, By Country/Region
China
India
Rest of Asia Pacific (RoAPAC)
Asia Pacific Wheel Loaders Market Analysis & Forecast, By Application
Asia Pacific Wheel Loaders Market Analysis & Forecast, By Operating Weight
Rest of the World (ROW) Wheel Loaders Market
Rest of the World Wheel Loaders Market, By Country/ Region
Latin America
Middle East & Africa
Rest of the World Wheel Loaders Market Analysis & Forecast, By Application
Rest of the World Wheel Loaders Market Analysis & Forecast, By Operating Weight
COMPANY PROFILES (Business Overview, Products Offered, Financial Performance*, Recent Developments)
Caterpillar
AB Volvo
Deere & Company
CNH Industrial N.V.
Komatsu Ltd.
Hitachi Construction Machinery Co., Ltd.
J C Bamford Excavators Ltd.
Doosan Infracore
Larsen & Toubro Limited.
Liugong Machinery Co., Ltd.
*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain
Research Methodology
It is a well-organized procedure to carry out research. We at Market Growth Insight follow global, all-inclusive & iterative research methodology to develop our research reports. We are using both the top down as well as bottom-up approaches for partitioning and evaluating the significant aspects of the market.
It is a systematic & strategic approach for conducting a market study. Our market research methodology is based on the concept that gives a detailed description of the factors behind an observation. Let us see the detailed market research methodology.
Primary Data Research
It is the very basic stage of research the raw data is obtained and collected on a boarded front.Data is constantly filtered to ensure that only validated and authenticated sources are considered. Moreover,information is also mined from a large group of reports in our vault, as well as various reputed paid databases. It is necessary to understand the entire value chain and in order to facilitate this; we gather information from raw material suppliers, distributors as well as buyers, for extensive knowledge of the market.
The technical issues and trends are acquired from reviews, technical discussion and trade journals. Moreover, the technical data is also accumulated from intellectual property prospective, focusing on a void area and freedom of movement. The industry elements regarding drivers, restraints, pricing trends are also collected. Subsequently, the material developed contains a wide range of original and unique information that is then further cross-validated and authenticated with published sources.
Statistical Model
Simulation models are responsible to estimate and forecast our market, and for each research, a unique model is created and customized. The data accumulated for market dynamics, innovation scene, application improvement, estimating trends is delivered into the model and analyzedsimultaneously. These components are examined on a comparative basis, and their impact on the figure of the frame is measured with the assistance of correlation, regression and time series investigation. Forecasting of the market is performed through the consolidation of economic tools, innovative examination, and industry experience along with domain expertise. Generally, economic models are utilized for short-termforecasting, technological market models are used for long-term forecasting of a market. These are based on an amalgamation of technology innovation, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to the market estimation is preferred, with key regional markets analyzed as separate entities and integration of information to get a worldwide evaluation. This is very critical for a deep knowledge of the business as well as ensuring negligible mistakes. Below mentioned are some of the parameters are considered for forecasting
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory situation and expected developments
Current capacity and expected capacity additions up to 2025
Market driving organizations
The key targets of essential research are as per the following
To approve our information as far as exactness and adequacy
To pick up an understanding of the present market and future desires
We dole out weights to these parameters and evaluate their market effect utilizing weighted normal examination, to infer a normal market development rate.
This is the last advance in assessing and anticipating for our reports. Thorough essential meetings are led, on up close and personal and additionally via telephone to approve our discoveries and suppositions used to get them. Interviewees are drawn closer from driving organizations over the esteem chain including providers, innovation suppliers, area specialists,and purchasers in order to guarantee an all-encompassing and fair photo of the market. Essential meetings help in information approval, as well as give basic bits of knowledge into the market, current business situation and future desires and upgrade the nature of our reports. Every one of our assessments and figure is checked through comprehensive essential research with Key Industry Participants (KIPs) which ordinarily include:
Preliminary Investigation
This is the closing phase in estimating and forecasting for our reports. In this stage face to face and telephonic exhaustive interviews are conducted to validate our conclusion and assumptions used to obtain the final data. The leading companies across the value chain including suppliers, technology providers, domain experts,and purchasers are approaching the interviewees to ensure a holistic and unbiased view of the market. These interviews are led over the world, with language boundaries defeat with the guide of local staff and translators. Primary interviews in information validation as well as give critical insights into the market, current business outline and future expectations upgrade the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants include
Leading market organizations
Raw material suppliers
Product dealer
Clients or Consumers
The key targets of primary research are as per the following:
To validate our data as far as exactness and adequacy
To pick up an understanding into the present market and future desires
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