The loader global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Loader Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Loader Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Loader Market Overview
Market Drivers –
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.
Market Trends –
Product innovations are a key trend gaining popularity in the loader market. Major market players operating in the loader market are concentrating their efforts on creating innovative products to reduce carbon emissions and fuel consumption. For instance, in November 2021, Greenland Technologies Holding Corporation, a US-based company specializing in the development and manufacturing of electrical industrial vehicles, launched the GEL-1800 electric loader. This electric loader is able to reduce operating emissions and environmental pollution by reducing the use of fuel. An eco-friendly 141 KWh lithium battery powers Greenland’s new GEL-1800 Electric Loader. The GEL-1800 promises a quick two-hour charge and nine hours of use per charge. With its clean and sustainable power, zero operational emissions, 60% reduced operating noise, and lower maintenance costs as compared to diesel internal combustion vehicles, the GEL-1800 addresses some of the most pressing concerns facing contemporary site managers.
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
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Regional Insights –
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.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Loader Market Report Structure
3. Loader Market Trends And Strategies
4. Loader Market – Macro Economic Scenario
5. Loader Market Size And Growth
…..
27. Loader Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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