What are the recent trends in market size and growth for the industrial wheeled loader market?
The industrial wheeled loader market size has grown strongly in recent years. It will grow from $13.77 billion in 2024 to $14.54 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to economic growth, rising urbanization, rising infrastructure development, growing mining activities, and agricultural mechanization.
The industrial wheeled loader market size is expected to see strong growth in the next few years. It will grow to $17.87 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to construction industry growth, growing environmental regulations, rental market growth, increasing population, aging fleets, and the need for more efficient machinery drives. Major trends in the forecast period include technological advancements, enhanced fuel efficiency, the development of smart loaders, customized solutions, and expansion in emerging markets.
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What have been the primary factors driving the industrial wheeled loader market’s growth?
Growth in construction activities is expected to propel the growth of the industrial wheeled loader market going forward. Construction activities encompass the processes involved in erecting, renovating, or demolishing structures such as buildings, roads, bridges, and infrastructure. The increase in construction activities is due to population growth, urbanization, infrastructure development, economic expansion, and government investment in construction projects. Industrial wheeled loaders are crucial in construction activities for efficiently transporting and loading materials such as soil, sand, and debris. Their versatility and mobility enhance productivity on construction sites, allowing for rapid movement of heavy loads. For instance, in June 2024, according to a report published by the Bureau of the Census, a US-based agency of the Federal Statistical System, in the first four months of 2024, construction spending in the US reached $635.5 billion, which is 10.9% (±1.2%) higher than the $573.0 billion spent during the same period in 2023. Therefore, growth in construction activities is driving the growth of the industrial wheeled loader market.
What are the key segments within the industrial wheeled loader market?
The industrial wheeled loader market covered in this report is segmented –
1) By Product Type: Compact Wheeled Loaders, Standard Wheeled Loaders
2) By Payload Capacity: 3-5 Tons, 6-10 Tons, 11-15 Tons, 15 Tons And Above
3) By End-User: Construction, Mining, Agriculture, Industrial
Subsegments:
1) By Compact Wheeled Loaders: Mini Wheeled Loaders, Small Wheeled Loaders, Standard Wheeled Loaders
2) By Standard Wheeled Loaders: Medium Wheeled Loaders, Large Wheeled Loaders
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Which key players are shaping the industrial wheeled loader market?
Major companies operating in the industrial wheeled loader market are Caterpillar Inc., Hyundai Heavy Industries, Komatsu Ltd., Kubota Corporation, Atlas Copco, Xuzhou Construction Machinery Group, Liebherr Group, Kawasaki Heavy Industries, Sany Group, Volvo Construction Equipment, Hitachi Construction Machinery Co. Ltd, Yanmar Holdings Co. Ltd., JCB (J.C. Bamford Excavators Ltd.), Terex Corporation, CNH Industrial, LiuGong Machinery Co. Ltd., Wacker Neuson SE, Manitou Group, Lonking Holdings Limited, Furukawa Co.Ltd., Shantui Construction Machinery Co. Ltd., Gehl Company, Shandong Lingong Construction Machinery Co. Ltd., Tata Hitachi Construction Machinery Company Pvt Ltd, Mecalac Construction Equipment UK Ltd.
How will emerging trends drive the industrial wheeled loader market throughout the forecast period?
Major companies operating in the industrial wheel loader market are increasing their focus on developing large-capacity wheel loaders to meet the growing demand for efficient material handling and enhanced productivity on construction sites. Large-capacity wheel loaders refer to heavy equipment designed to handle significant volumes of materials such as soil, sand, gravel, and debris in construction, mining, and other industrial applications. For instance, in July 2023, Caterpillar Inc., a US-based engine equipment manufacturing company, launched the new Cat 995 wheeled loader, which supersedes the 994K model. The 995 features larger capacity buckets with an extended floor for rapid loading and high fill factors reaching 115%. The loader’s cab has been redesigned for improved visibility and operator comfort, featuring a taller windshield, automatic temperature control, and electrohydraulic speed-sensing steering with force feedback. The 995 also incorporates advanced technology, including a tip-up prevention system, autodig components, and payload overload prevention, which allows for the use of larger buckets without the risk of overload.
How do regional factors impact the industrial wheeled loader market, and which region is the largest contributor?
North America was the largest region in the industrial wheeled loader market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial wheeled loader market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Industrial Wheeled Loader Market Report 2025 Offer?
The industrial wheeled loader market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
An industrial wheeled loader is a heavy equipment vehicle utilized for various material handling tasks across diverse sectors. It features a sturdy chassis with articulated steering and a front-mounted bucket or attachment. These loaders are primarily employed for tasks such as lifting, transporting, and loading bulk materials such as soil, gravel, sand, and debris. They play a pivotal role in enhancing operational efficiency and productivity in sectors requiring substantial material handling, such as infrastructure development, earthmoving, and site maintenance.
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