The global loaders market is expected to grow at a CAGR of 7.07% to reach US$54.365 billion by 2024, from US$36.075 billion in 2018. Loaders are one of the major machines used in the building and construction industry for a wide range of applications including loading and transferring construction materials, digging, and clearing debris, among other things. The demand for loaders is estimated to increase due to the rapid rise of investment in the construction industry in emerging developing economies Additionally, the budding number of construction orders for commercial and residential buildings in the already established regions to nurture the economic growth will enhance the growing demand for the loaders market. The soaring investment put into the research and development to develop and promote leading-edge equipment will augment the company’s profitability and the demand for loaders over the next five years.
By end-user segment, the loader market is segmented as residential, commercial, and industrial. The worldwide structure of the loaders market is emerging at a remarkable speed because of amplified investment in the industrial sector specifically in the oil and gas industry as well as in the mining industry. The demand for this equipment in the mining industry is assessed to have a significant increase owing to the flourishing demand for base metals from the manufacturing industry.
By geography, the loaders market is portioned as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. The Asia Pacific is projected to increase in the demand for loaders as various economies are in the phase of accelerated development and multiple governments are expanding investments vigorously across industry verticals for their infrastructural development. The rising number of SMEs due to the implementation of favorable government policies will be one of the major factors responsible for improving the demand for loaders in the developed regions of the world such as North America and Europe.
Major industry players profiled as part of the report are Deere & Company, Doosan Infracore, Caterpillar, Komatsu Ltd., Volvo Construction Equipment, Hitachi Construction Equipment, Liebherr-International Deutschland GmbH, and Terex Corporation among others.
|Market size value in 2018||US$36.075 billion|
|Market size value in 2024||US$54.365 billion|
|Growth Rate||CAGR of 7.07% from 2018 to 2024|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Component, End User, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Deere & Company, Doosan Infracore, Caterpillar, Komatsu Ltd., Volvo Construction Equipment, Hitachi Construction Equipment, Liebherr-International Deutschland GmbH, Terex Corporation, SANY GROUP, Manitou Group|
|Customization scope||Free report customization with purchase|
The loaders market has been analyzed through the following segments:
By End User
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the loaders market size by 2024?
A1. The global loaders market is expected to reach a market size of US$54.365 billion in 2024.
Q2. What is the size of the global loaders market?
A2. Loaders Market was valued at US$36.075 billion in 2018.
Q3. What are the growth prospects for the loaders market?
A3. The loaders market is expected to grow at a CAGR of 7.07% over the forecast period.
Q4. Which region holds the maximum market share of the loaders market?
A4. The Asia Pacific is projected to increase in the demand for loaders as various economies are in the phase of accelerated development and multiple governments are expanding investments vigorously across industry verticals for their infrastructural development.
Q5. What factors are anticipated to drive the loaders market growth?
A5. The demand for loaders is estimated to increase due to the rapid rise of investment in the construction industry in emerging developing economies.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. LOADERS MARKET BY COMPONENT
6. LOADERS MARKET BY END USER
7. LOADERS MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.5. Asia Pacific
7.5.3. South Korea
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Deere & Company
9.2. Doosan Infracore
9.3. Caterpillar Inc.
9.4. Komatsu Ltd.
9.5. Volvo Construction Equipment
9.6. Hitachi Construction Equipment
9.7. Liebherr-International Deutschland GmbH
9.8. Terex Corporation
9.9. SANY GROUP
9.10. Manitou Group
LIST OF FIGURES
LIST OF TABLES
Deere & Company
Volvo Construction Equipment
Hitachi Construction Equipment
Liebherr-International Deutschland GmbH
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