Dublin, Jan. 20, 2023 (GLOBE NEWSWIRE) -- The "Compact Wheel Loaders Global Market Report 2022: Ukraine-Russia War Impact" report has been added to ResearchAndMarkets.com's offering.
The global compact wheel loaders market is expected to grow from $4.83 billion in 2021 to $5.13 billion in 2022 at a compound annual growth rate (CAGR) of 6.3%. The compact wheel loader market is expected to reach $5.89 billion in 2026 at a CAGR of 3.5%.
The expansion of the construction industry is expected to propel the growth of the compact wheel loaders market going forward. The construction industry refers to an industrial branch of manufacturing and trade-related operations that includes infrastructure development, repair, renovation, and maintenance. Construction activities have been on the rise due to rapid industrialization and urbanization. A compact wheel loader makes construction operations safer and more efficient in various applications due to its versatility, which in return reduces operating costs.
For instance, in June 2021, according to a report published by Canada's national statistical agency, the investment in building construction increased from $14,294 million in April 2019 to $19,273 million in 2020. Furthermore, according to the 2022 U.S. Construction Cost Trends report, in the U.S., total construction spending has increased by 16% since the pandemic's onset. Therefore, the expansion of the construction industry is driving the compact wheel loaders market.
Product innovations have emerged as a key trend gaining popularity in the compact wheel loaders market. Major companies operating in the compact wheel loaders market are focused on introducing innovative products to reinforce their position.
For instance, in October 2019, Volvo, a Sweden-based vehicle manufacturer, launched the zero-emissions electric compact wheel loader. The new compact wheel loaders have distinctive features such as zero exhaust emissions, dramatically lower noise levels, and use less energy, consequently lowering energy expenses and improving efficiency.
Furthermore, these little wheeled loaders require less upkeep than their fuel-based counterparts. It is composed of lithium-ion batteries and a single electric motor that powers the hydraulics to propel the machine.
In August 2021, Hyundai Heavy Industries Holdings (HHIH) Co, a South Korea-based shipbuilding engine and machinery manufacturer, acquired Doosan Infracore for an undisclosed amount. Through this acquisition, HHIH aims to expand its operations in the construction industry along with increasing investments in technology and innovation. Doosan Infracore is a South Korea-based construction equipment and compact wheel loader manufacturer.
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2022 - 2026 |
| Estimated Market Value (USD) in 2022 | $5.13 billion |
| Forecasted Market Value (USD) by 2026 | $5.89 billion |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Global |
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
- Impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Scope
Markets Covered:
1) By Product: Compact Track Loaders; Skid Steer Loaders; Backhoe Loaders; Wheeled Loaders
2) By Operating Weight: Less Than 6000 Kg; More Than 6000 Kg
3) By Application: Construction; Ground Maintenance; Landscaping; Mining; Forestry and Agriculture; Other Applications
Key Topics Covered:
1. Executive Summary
2. Compact Wheel Loaders Market Characteristics
3. Compact Wheel Loaders Market Trends And Strategies
4. Compact Wheel Loaders Market - Macro Economic Scenario
5. Compact Wheel Loaders Market Size And Growth
6. Compact Wheel Loaders Market Segmentation
7. Compact Wheel Loaders Market Regional And Country Analysis
8. Asia-Pacific Compact Wheel Loaders Market
9. China Compact Wheel Loaders Market
10. India Compact Wheel Loaders Market
11. Japan Compact Wheel Loaders Market
12. Australia Compact Wheel Loaders Market
13. Indonesia Compact Wheel Loaders Market
14. South Korea Compact Wheel Loaders Market
15. Western Europe Compact Wheel Loaders Market
16. UK Compact Wheel Loaders Market
17. Germany Compact Wheel Loaders Market
18. France Compact Wheel Loaders Market
19. Eastern Europe Compact Wheel Loaders Market
20. Russia Compact Wheel Loaders Market
21. North America Compact Wheel Loaders Market
22. USA Compact Wheel Loaders Market
23. South America Compact Wheel Loaders Market
24. Brazil Compact Wheel Loaders Market
25. Middle East Compact Wheel Loaders Market
26. Africa Compact Wheel Loaders Market
27. Compact Wheel Loaders Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Compact Wheel Loaders Market
29. Compact Wheel Loaders Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
- Caterpillar Inc.
- Deere
- Hitachi Construction Machinery Co. Ltd.
- Komatsu Ltd.
- Volvo AB
- CNH Industrial N.V.
- Yanmar Holdings Co. Ltd.
- JCB Inc.
- Kubota Corporation
- Case Construction
- Larsen & Toubro Limited
- Holland Construction
- Wacker Neuson Group
- Sany Heavy Industry Co. Ltd.
- Liugong Machinery Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/nw4kyr
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