NEW YORK, Dec. 6, 2021 /PRNewswire/ -- The wheel loaders market value is set to grow by USD 17.33 billion, progressing at a CAGR of 9.33% from 2020 to 2025, as per the latest report by Technavio.
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The increasing investments in infrastructure will fuel the growth of the wheel loaders market size. Increased spending on public infrastructure plays a vital role in stabilizing the economy of a nation and facilitating its growth. Most infrastructure development projects in Asia are carried out by government agencies and public-sector entities. Asia is set to witness strong growth in investments, particularly in the transportation sector. Countries such as Indonesia and the Philippines are expected to spend heavily on road and highway projects during the forecast period and beyond. As a result, these developments are expected to spur heavy investments in the construction industry, thus bolstering the demand for wheel loaders.
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AGCO Corp.- The company has expanded operations in North America, South America, Europe, Middle East, and Asia Pacific, Africa. AGCO Corp. offers wheel loaders such as MF 9500 Super Shuttle Series, MF 9500 and many more.
Caterpillar Inc.- Caterpillar Inc. operates its business under segments- Construction Industries, Resource Industries, Energy and Transportation, and Financial Products Segment. The company offers wheel loaders such as Medium Wheel Loaders 950GC, Medium Wheel Loaders 950L, Medium Wheel Loaders 962L and many more.
CNH Industrial NV- The company operates its business under segments- Agricultural equipment, Construction equipment, Commercial and specialty vehicles, Powertrains, and Financial services. The company offers wheel loaders such as 521G, 621G, 721G, 821G,921G, 1021G, 1121G and many more.
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Wheel Loaders Market: Segmentation Analysis
This market research report segments the wheel loaders market by End-user (construction and agriculture), Power output (more than 80 HP, 40 to 80 HP, and less than 40 HP), and Geography (APAC, North America, Europe, South America, and MEA).
APAC will register the highest growth rate of 57% among the other regions. Therefore, the wheel loaders market in APAC is expected to garner significant business opportunities for the vendors during the forecast period. China, India, and Japan are the key markets for wheel loaders in APAC. Market growth in APAC will be faster than the growth of the market in other regions. The growing construction activities in emerging economies backed by the increased government spending on developing infrastructure will facilitate the wheel loaders market growth in APAC over the forecast period.
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Some of the key topics covered in the report include:
Market Challenges
Market Drivers
Market Trends
Vendor Landscape
Wheel Loaders Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.33% |
Market growth 2021-2025 |
$ 17.33 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.21 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 57% |
Key consumer countries |
China, US, India, Japan, Germany, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
AGCO Corp., Caterpillar Inc., CNH Industrial NV, Deere and Co., Doosan Corp., Hitachi Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Schaffer Maschinenfabrik GmbH, and Yanmar Holdings Co. Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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