Global Loader Market by Engine Type (More Than 500 HP, Up To 250 HP, 250 - 500 HP), by Product Type (Skid Steer, Backhoe, Wheeled, Crawler) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global loader market was worth USD 16.80 billion in 2019. It is expected to grow at a compound annual rate (CAGR of 3.4%) between 2020 and 2027. The market is growing due to the increasing number of construction projects in emerging and developing countries. These regions will likely see a rise in demand for construction machinery. Loaders are used to move materials and lift heavy loads on construction sites. Loaders are used for many purposes, including material handling, waste handling, demolition of buildings, and infrastructure. The demand for loaders will increase due to the increasing number of redevelopment projects.

The market will continue to grow with the establishment of public-private partnerships for infrastructure projects, increasing residential, commercial and industrial construction activities, as well as global economic growth starting in 2021. Advanced technology is being integrated into loader machinery by manufacturers. Doosan, a South Korean manufacturer, offers an auto shut down feature to cut idle time. This would reduce fuel consumption and prevent wasted operating time. Loaders are also equipped with a maintenance-free pre-filter that separates more than 99 percent of particles 20 microns or larger. It removes debris and extends the life of the filter. To increase operator comfort and drive sales in North America and Europe, the manufacturers are focusing their efforts on cabin comfort. Operators are key players in the buying decision.

As a key strategy, it is easy to see the growing trend towards electrification of cars. Companies are investing in the development of electric construction equipment such as loaders. LiuGong, a Chinese heavy construction equipment manufacturer, presented its purely electric loader at the Beijing International Construction Machinery Exhibition & Seminar 2019 (BICES). The model 856H, an electric intelligent remote-controlled wheeled loader with 5G connectivity, was also displayed by the company. Huawei technology and China Telecom co-developed the model 856H.

The rate at which COVID 19 has escalated has shocked the world economy. The global pandemic has had a devastating impact on the economy, public health, and social well-being. The economic slowdown caused by many governments' lockdown directives also affected the construction equipment industry. According to the CECE survey, there were a lot of European construction equipment manufacturing plants that had been closed down due to the recent pandemic. According to the CECE, customers are also facing problems in the region such as the closing of construction sites or cancellation of infrastructure projects. These factors could cause a drop in sales of construction equipment by between 10% and 30%.

Product Type Insights

According to product type, the market can be divided into backhoe skid steer crawler and wheeled loadsers. With a more than 57.0% share, the wheeled loader market was the largest in 2019, accounting for over 57% of total revenue. The wheeled loader can travel both on-road and off-road. Because of their ease of maneuvering, these types are more versatile and easier to use on construction sites. The advanced hydraulics of the wheeled loader provide greater stability and control, even when carrying heavier loads.

Over the forecast period, the backhoe loader will grow at a 4.6% CAGR. Backhoe loads can be used for multiple purposes, including digging, transportation of building materials, small demolitions material excavating, powering construction equipment, landscaping, and paving roads. As a result, this type of equipment can perform operations on large and medium-sized construction sites. In the near future, the segment will be driven by its multi-functional capabilities and the incorporation of eco-friendly technologies.

Information about Engine Types

Segmentation of the market is based on engine type. This includes engines with 250-500 HP, 250-500 HP, and more than 500 horsepower. With a market share exceeding 68.0%, the up to 250 HP engine type loader was the dominant player in 2019. Compact loaders, such as the 250 HP engine type loaders, are efficient. These loaders can be used for small-scale applications such as landscaping and agricultural operations. In order to increase productivity and lower operating costs, the demand for low-capacity engine loaders has increased significantly over the last few years.

The highest expected CAGR is for the 250-500 HP engine segment. This will be over the forecast period. Loaders with 25-500 HP engines provide more torque than low-engine capacity loaders. These loaders are suitable for small tasks like demolition of buildings, concrete removal, material handling, earthmoving and digging in hard soils. These loaders have a higher hydraulic output, making them suitable for use in agriculture and construction site prep.

Regional Insights

Asia Pacific was the dominant market, with a share exceeding 47.0% in 2019, and will likely experience the most rapid growth during the forecast period. This growth can be attributed largely to the increasing infrastructural development and construction activities in emerging nations such as India, China and Brazil. These countries' infrastructural investments are driving demand for equipment such as loaders. China's President Xi Jinping, for instance, ordered the construction of a hospital within ten days, amid the worldwide COVID-19 pandemic. These actions were taken in order to quarantine and treat the COVID-19-related pandemic victims. Huoshenshan hospital, which would have around 1000 beds, was constructed by excavating a 269,000-square foot plot of land. Asia Pacific is also characterized by prominent players such as Komatsu Ltd., Hyundai Heavy Industries Co. Ltd. and Kubota Corporation.

North America is a major region and plays a key role in the global market. Steer skid loaders are the reason for the region's growth. The region also has a steady demand of backhoe loadsers, which have been declining in Europe and other regions. Europe is experiencing slow growth because it is the hardest hit by the COVID-19 pandemic. According to the CECE Committee for European Construction Equipment survey, Europe will see a drop in construction equipment sales, including all types loaders. CECE is optimistic about market recovery following the COVID crisis.

Market Share Insights & Key Companies

The market is competitive and highly concentrated, with the most prominent companies accounting to the largest share of global revenue. The market is highly competitive and focuses on key parameters such as improved design, technological innovation and fuel-efficient products. In an effort to diversify their product lines and strengthen their market position, the companies have also been involved in mergers and acquisitions. Case Construction Equipment has announced Project Zeus 580 Electric. The fully-electric backhoe loader is the first in the construction industry and was revealed at ConExpo Las Vegas, Nevada. Yanmar Holdings Co., Ltd. also announced the acquisition ASV Holdings Inc., a manufacturer of skid-steer loaders and compact tracked loaders. The following are some of the major players in the global loader market:

• Caterpillar

• Komatsu

• Volvo Construction Equipment

• Hitachi Construction Equipment

• Sany Group

• Liebherr

• Deere & Company

Up Market Research published a new report titled “Loader Market research report which is segmented by Engine Type (More Than 500 HP, Up To 250 HP, 250 - 500 HP), by Product Type (Skid Steer, Backhoe, Wheeled, Crawler), By Players/Companies Deere & Company, Hitachi Construction Equipment, Caterpillar, Sany Group, Komatsu, Liebherr, Volvo Construction Equipment”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Loader Market Report Segments:

The market is segmented by Engine Type (More Than 500 HP, Up To 250 HP, 250 - 500 HP), by Product Type (Skid Steer, Backhoe, Wheeled, Crawler).

Loader Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Loader Market

Overview of the regional outlook of the Loader Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Loader Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Loader Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. More Than 500 HP

                2. Up To 250 HP

                3. 250 - 500 HP

                1. Skid Steer

                2. Backhoe

                3. Wheeled

                4. Crawler

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Loader Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Loader Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.