Compact Loaders Market Scope
Compact Wheel Loader is an equipment machine used in construction in order to move material such as asphalt, raw material, dirt, snow, demolition debris, gravel, logs, recycled material, rock, sand and more from one place to another. The wheel loader may be used in agriculture, constructions, forestry, landscaping, waste management or mining applications. Significant growth in the construction and agriculture sector in rural and semi-urban areas for compact loaders for earth digging or levelling and related work is propelling the market for the compact loader.
According to AMA, the Global Compact Loaders market is expected to see growth rate of 6.2%
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Compact Loaders market throughout the predicted period.
Bobcat Company Inc. (United States), Case Construction Equipment Inc. (United States), CNH Industrial (Netherland), Caterpillar (United States), Doosan (United States), Deere & Company (United States), Hitachi Construction Machinery (Japan), Hyundai (South Korea), JCB (United Kingdom), John Deere (United States), Kawasaki (United States), Komatsu (Japan), Kramer (Germany), Kubota Corporation (Japan), Larsen & Toubro (India) and Liebherr (Switzerland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are LiuGong (China), Manitou (France), Navistar International (United States), New Holland (Italy), Volvo Construction Equipment (Sweden), Wacker Neuson (Germany), XCMG Group (China) and Yanmar (Japan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Compact Loaders market by Type (Backhoe Loaders, Wheeled Loaders, Compact Track Loaders and Skid Steer Loaders), by Application (Construction, Ground Maintenance, Landscaping, Mining and Others) and Region with country level break-up.
On the basis of geography, the market of Compact Loaders has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 12th Jan 2021 - CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that it has successfully concluded the deal to acquire the four businesses from CEG, a business unit of Humulani Marketing Pty Ltd, ultimately owned by Invicta Holdings Limited. The businesses to be acquired from CEG are: Case IH distributor Northmec; CASE Construction Equipment distributor CSE; spare parts distributor NHSA; and spare parts and implements distributor Landboupart, and On 26th Mar, 2021 - CNH Industrial N.V. announced today that it has completed the acquisition of a minority stake in Bennamann Ltd., a UK based, fast growing agricultural technology company in the field of clean energy. This acquisition will see CNH Industrial become Bennamann’s exclusive strategic agricultural technology partner.
On 30th Mar, 2021 - To meet a variety of customer needs and budgets, Bobcat Company announced the launch of the new M3-Series compact loader line, adding to its extensive, growing line of compact equipment. Four new skid-steer and compact track loader models are now available by limited release in North America through select dealers. and In Feb, 2020 - Bobcat Company introduces next-generation R-Series compact loaders with a revolutionary redesign. The first R-Series loaders include the Bobcat T76 compact track loader and the S76 skid-steer loader.
ISO 6165 was prepared by Technical Committee ISO/TC 127, Earth-moving machinery, Subcommittee SC 4, Terminology, commercial nomenclature, classification and ratings. Annex A provides a procedure based on the identification structure used by this International Standard for classifying the machinery and for introducing detailed identifications consistent with the logic implied by the structure. and Annex B provides a hierarchy of the operator control configurations for earth-moving machinery.
Market Trend
- Toothbar Is Commonly Added To The Front Edge Of A Loader Bucket For Digging Purpose
Market Drivers
- Increasing Preference Of Compact Loaders For Earth Digging Or Leveling
- Rising Number Of Infrastructure Projects In Emerging Countries
- Rapidly Increase In Rate Of Urbanization
Opportunities
- Electric Motors Compact Loaders Opening Wide Scope of Opportunity
Restraints
Challenges
- High Investment in The Infrastructure Sector
Key Target Audience
Construction Equipment Manufacturers, Investment And Equity Research Firms, Private Equity Firms, After Treatment Device Manufacturers, Construction Equipment Dealers and Rental Equipment Providers