Overview and Scope
The loader refers to machines or equipment used for the movement and lifting of various materials such as soil, sand, rocks, and other materials in various industries. Loaders are used to lay pipes, clear rubble, move construction material and other waste, and carry and transport rocks and clay in agriculture and landscaping.
Sizing and Forecast
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 growth in the historic period can be attributed to growth in construction industry, mining sector expansion, waste management needs, port and dock operations, efficiency and productivity, increased use 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%. The growth in the forecast period can be attributed to renewable energy projects, focus on sustainability, global urban development, rise in demolition activities, focus on operator comfort and safety, human factors engineering.. Major trends in the forecast period include adoption of compact loaders, technological advancements in loader design, electric and hybrid loaders, telematics and iot integration, autonomous and semi-autonomous loaders, remote operation and control systems..
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Segmentation & Regional Insights
The loader market covered in this report is segmented –
1) By Product Type: Backhoe, Skid Steer, Crawler, Wheeled
2) By Engine Type: Upto 250 HP, 250-500 HP, More than 500 HP
3) By Payload Capacity: 3-5 Tons, 6-10 Tons, 11-15 Tons, 15 Tons and Above
4) By Application: Mining, Construction, Waste Management, Other Applications
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.
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Major Driver Impacting Market Growth
The rising concept of green building is expected to drive the growth of the loader market during the forecasting period. The green building refers to a building that requires less energy, water, and other resources that possibly impact the environment by protecting natural resources and improving the quality of life. Green building construction requires loaders to lift and move materials, enabling speedy construction. For instance, in June 2021, according to a USA-based building design and construction media and technology design platform company, 40% of all energy is consumed worldwide, and it is predicted that by 2030, emissions from commercial buildings will increase by 1.8%. There were 124,200 LEED-certified buildings in the USA. These LEED-certified buildings emit little carbon and save energy. Therefore, the rising green building concept is anticipated to bolster loader market growth in the upcoming years.
Key Industry Players
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.
The loader market report table of contents includes:
1. Executive Summary
2. Loader Market Characteristics
3. Loader Market Trends And Strategies
4. Loader Market – Macro Economic Scenario
5. Global Loader Market Size and Growth
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31. Global Loader Market Competitive Benchmarking
32. Global Loader Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Loader Market
34. Loader Market Future Outlook and Potential Analysis
35. Appendix
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