The global lightweight compact wheel loader market in 2022 was US$ 12.2 billion and is estimated to be US$ 13.53 billion in 2023. Future Market Insights has mentioned in its reports that the lightweight compact wheel loader market will expand at a CAGR of 8.4% between 2023 and 2033, totaling around US$ 30.3 billion by 2033.
The market is anticipated to grow as new, lightweight compact wheel loaders with integrated modern technology like telematics are being introduced.
Explore the Rising Market Driven by Lightweight Compact Models and Cutting-Edge Telematics. Get Your Sample Report to Stay Ahead in the Evolving Construction Equipment Landscape:
https://www.futuremarketinsights.com/reports/sample/rep-gb-11429
Because of their easy manoeuvrability, small size, and high hauling capacity, lightweight compact wheel loaders are increasingly used in the construction, agricultural, forestry, and other industries. Future Market Insights anticipates a comparison and review analysis of the dynamics of the lightweight compact wheel loader market. In busy areas, they are frequently used for jobs like digging, transporting trash, and carrying items.
Key Takeaways from the Market Study
- Global lightweight compact wheel loader market grew at a CAGR of 7.9% between 2017 and 2022
- North America’s lightweight compact wheel loader market is expected to hold 28.3% of the total market.
- United States considerably holds a value share of 18.1%.
- India is expected to emerge as a lucrative pocket over the assessment period with a market share of 15.2%.
- Germany holds a market share of 20.2% of the market region.
- Under product type, growing demand for compact truck loaders in the lightweight compact wheel loader market holds a market share of 62.3%.
- Under application type, the construction industry has a market value of 41%.
“Extensive emphasis on the construction of massive infrastructure projects is considered one of the massive infrastructure projects favoring lightweight compact wheel loader market growth”, comments a Future Market Insights analyst.
Gain a competitive edge by customizing your report with targeted insights for specific countries or regions. Save Up To 30%! Specify Your Scope Now:
https://www.futuremarketinsights.com/customization-available/rep-gb-11429
Competition Landscape
Leading players in the global lightweight compact wheel loader market are focusing on the development and launch of novel products integrated with innovative technologies to gain a competitive edge. Others are aiming at mergers, collaborations, and acquisitions with other players to expand their product portfolio. For instance
- In May 2023, the entire lineup of Volvo cars in the United States has conveyed that it will consist of mild hybrid, hybrid, or electric vehicles equipped with Google built-in, announced by Volvo Car of the United States of America.
- In March 2023, Doosan Bobcat, Inc. is highlighting the future of its material handling equipment lineup at ProMat 2023 in Chicago.
The Doosan Industrial Vehicle (DIV) booth will showcase a number of current forklift model families, and the space will also highlight its future branding with multiple machines displayed in Bobcat trade dress. Doosan Bobcat announced its Doosan Industrial Vehicle, Doosan Portable Power and Doosan Industrial Air brands would transition to become part of the Bobcat product portfolio.
Some of the prominent players in the global market are-
- Doosan Corporation
- Wacker Neuson SE
- Hitachi Construction Machinery Co. Ltd
- CNH Industrial N.V.
- Bobcat
- Volvo CE
- Liebherr
- BF-TECNIC SRB DOO
- Ensign Heavy Industries Co., Ltd.
- Schäffer Maschinenfabrik GmbH
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global lightweight compact wheel loader market providing historical data for 2017 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the lightweight compact wheel loader market is segmented based on major By Product Types: (Compact Track loaders, Skid Steer Loaders, Backhoe Loaders, Wheeled Loaders), By Application: (Construction, Agriculture & Forestry, Industrial, Utilities, Facility/ Property management) and Region: (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding China & Japan, Japan, China, Middle East & Africa).
Direct Purchase of this Report:
https://www.futuremarketinsights.com/checkout/11429
Lightweight Compact Wheel Loader Market by Category
By Product:
- Compact Track loaders
- Skid Steer Loaders
- Backhoe Loaders
- Wheeled Loaders
By Application:
- Construction
- Agriculture & Forestry
- Industrial
- Utilities
- Facility/ Property management
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs