PUBLISHER: The Business Research Company | PRODUCT CODE: 1425616
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425616
Loader Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on loader market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for loader? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The loader market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A loader denotes machinery utilized across industries for lifting and transporting various materials like soil, sand, rocks, and debris. Its applications span laying pipes, debris clearance, construction material movement, waste handling, and transporting clay in agricultural and landscaping sectors.
The primary types of loaders include backhoe, skid steer, crawler, and wheeled variations. Backhoe loaders specifically serve heavy debris movement, digging, landscaping, and transporting materials in construction and agriculture. A backhoe constitutes a two-part articulated arm mounted on a tractor, primarily employed in agricultural tasks. Loader engines vary between categories, ranging from up to 250 hp, 250-500 hp, and over 500 hp, with payload capacities spanning 3-5 tons, 6-10 tons, 11-15 tons, and 15 tons and above. Diverse applications encompass mining, construction, waste management, and more.
The loader market research report is one of a series of new reports from The Business Research Company that provides loader market statistics, including loader industry global market size, regional shares, competitors with a loader market share, detailed loader market segments, market trends and opportunities, and any further data you may need to thrive in the loader industry. This loader market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The loader market size has grown steadily in recent years. It will grow from $23.33 billion in 2023 to $24.46 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The expansion observed in the historical period can be attributed to the growth of the construction industry, expansion within the mining sector, the increasing demand for waste management solutions, operations at ports and docks, emphasis on efficiency and productivity enhancements, and the rising utilization in forestry operations.
The loader market size is expected to see steady growth in the next few years. It will grow to $29.3 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. Anticipated growth in the upcoming period can be linked to the surge in renewable energy projects, heightened emphasis on sustainability, ongoing global urban development, an increase in demolition activities, a focus on ensuring operator comfort and safety, and the implementation of human factors engineering principles. Major trends expected in this period encompass the adoption of compact loaders, technological advancements in loader design, the integration of electric and hybrid loaders, incorporation of telematics and IoT, the emergence of autonomous and semi-autonomous loaders, and the development of remote operation and control systems.
The ascent of green building practices is poised to fuel the growth of the loader market in the upcoming period. Green building emphasizes reduced resource consumption-energy, water, and other environmental impacts-enhancing life quality and safeguarding natural resources. Loader machinery is integral in expediting construction for green buildings. A report from a USA-based construction technology platform revealed that globally, 40% of energy is consumed, with an anticipated 1.8% increase in emissions from commercial buildings by 2030. The USA housed 124,200 LEED-certified buildings, known for low carbon emissions and energy conservation. Hence, the escalating trend of green building practices is projected to fortify the loader market.
The expanding e-commerce sphere is set to drive the loaders market growth in the foreseeable future. E-commerce entails online buying and selling and demands efficient logistics and warehousing operations, where loaders play a pivotal role in enhancing operational efficiency and meeting the dynamic needs of online retail. An analysis by a US-based agency forecasts a surge in e-commerce consumer goods sales, expected to constitute 22% of global retail sales by 2024. This trend points to an 8% annual growth in global retail e-commerce sales. Consequently, the burgeoning e-commerce industry serves as a catalyst for the loaders market.
Product innovation emerges as a prominent trend shaping the loader market landscape. Key industry players are focusing efforts on creating innovative products that minimize carbon emissions and fuel usage. For instance, in November 2021, a US-based company, Greenland Technologies Holding Corporation, introduced the GEL-1800 electric loader, employing a 141 KWh lithium battery to cut operational emissions and noise significantly. The GEL-1800 demonstrates reduced maintenance costs and zero operational emissions, aligning with contemporary environmental concerns.
Leading companies in the loaders market are dedicated to developing cutting-edge products like track loaders to expand customer reach, bolster sales, and drive revenue. Italy-based machinery company New Holland Construction rolled out the C330 vertical lift compact track loader in March 2023. Featuring a 67-horsepower engine and a 68-inch working width, the C330 integrates New Holland Construction's Super Boom lift, ensuring heightened operator visibility and on-site safety. The machine's robust load-carrying capacity enables efficient transportation of significant materials, showcasing remarkable agility in navigating confined spaces, enhancing its versatility.
In August 2021, CNH Industrial N.V., a UK-headquartered manufacturing company specializing in construction equipment and vehicles, completed the acquisition of Sampierana S.p.A. for an amount totaling $107.27 million (€101.8 million). This strategic acquisition aims to broaden CNH Industrial's array of products, particularly in the segment of earthmoving construction loaders and excavators, while also enhancing its market presence in Europe. Sampierana S.p.A., based in Italy, specializes in the development, manufacturing, and commercialization of earthmoving machinery.
Major companies operating in the loader market report are Terex Corporation, Kobelco Construction Machinery Company Limited, Palfinger AG, Bauer AG, Sany Heavy Industry Co. Ltd., Zoomlion Heavy Industries Science and Technology Company Limited, Manitowoc Company Inc., Manitex Inc., Liebherr Group, Kato Works Company Limited, Tadano Limited, Xuzhou Construction Machinery Group Co. Ltd., Sumitomo Heavy Industries Limited, Cargotec Corporation, LiuGong Machinery Company Limited, Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, Hitachi Construction Machinery Co. Ltd., Doosan Infracore Co. Ltd., JCB Corporation, CNH Industrial N.V., Hyundai Heavy Industries Co. Ltd., Wacker Neuson SE, Kawasaki Heavy Industries Ltd., Bobcat Company, Yanmar Co. Ltd., Kubota Corporation, Atlas Copco AB, Bell Equipment Co. SA, Deere & Company, Hidromek Inc., Takeuchi Manufacturing Co. Ltd., Mecalac Group, Gehl Company, Mustang Manufacturing Company Inc.
Asia-Pacific was the largest region in the loader market in 2023. The regions covered in the loader market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the loader market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The loader market consists of sales of mini loaders. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.