Market Research Blog

As per the latest study conducted by Future Market Insights (FMI), towards the end of 2027, the global textile staples market will reach a valuation of US$ 201,197.5 Mn, reflecting a moderate CAGR of 4.9%. The global market for textile staples, which is currently valued at over US$ 124,915 Mn is also projected to witness a steady rise in terms of value during the forecast period (2017-2027). Around 55,782 KT of textile staples is expected to be produced by 2017-end. It is estimated that the volume-wise growth of the global textile staples market will showcase 4.8% CAGR, with China and India making significant contributions to the market.

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The FMI’s report titled “Textile Staples Market Global Industry Analysis 2012 – 2016 and Opportunity Assessment, 2017 – 2027” has identified multiple factors influencing the global textile staple market throughout the ten years of the forecast period. In developed regions such as North America and Europe, manufacturers of textiles are shifting their focus from commodity goods to value added products. Therefore, manufacturing of generic textile products as compared to niche technical textile products is expected to slow down in the near future. In addition, the global market is anticipated to be majorly driven by growing application of technical textiles in large sectors such as construction and automotive. In emerging countries, rising disposable income is significantly boosting the market growth.

The report has also assessed that both production and consumption of synthetic fibre will soar in near future. Further, the demand for special textile materials and products which are manufactured primarily for specific applications have gained considerable traction in recent years. Application of such textile is increasing exponentially in automobile industry owing to their superior quality and technical capabilities.

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Global Market for Textile Staples- Forecast Highlights

• Based on natural fibre textile staples, cotton is expected to account for the largest share of the market over the forecast period. The cotton segment is expected to create a total incremental opportunity of US$ 34,924.5 Mn between 2017 and 2027. Retailers are labelling their products as being environmentally friendly to gain a competitive advantage in the market.

• By synthetic fibre, around 26,051.8 KT of polyester textile staples is expected to be produced by the end of the assessment period. Currently, polyester is the most preferred type of synthetic fibre for textile staples.

• Towards the end of forecast period, application of textile staple in manufacturing apparels is projected to contribute nearly US$ 93,974.4 Mn. However, demand for textile staple from the automotive and construction sections will be robust in 2017 and beyond.

Among region, the Asia Pacific excluding Japan (APEJ) is expected to emerge as the largest market for textile staple over the forecast period. Growth in sectors such as automotive & transportation coupled with increasing spending power is primarily favouring the market’s growth in the region. Meanwhile, North America will retain is second spot and account for a sizeable share of the market over 2027.

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Competitive Dashboard

Key players in the market are laying emphases on R&D activities to enhance wear-ability of E-textiles, fabrics that enable digital constituents and electronics to be embedded in them.

E.I. Du Pont de Nemours and Company, Lenzing AG, International Fibers Group, Invista, Thai Acrylic Fiber Co. Ltd. (Aditya Birla Group), Toray Group, Chori Co., Ltd., W. Barnet GmbH & Co. KG, Cellulose Cotton Wool Corporation of India, Teijin Frontier Co., Ltd., Belgian Fibers SA, Grasim Industries Limited, Indorama Ventures Public Company Limited, Reliance Industries Limited, Synthesia, AS, The Woolmark Company are some of leading companies operating in the global textile staples market.

Future Market Insight’s (FMI) latest survey provides in-depth analysis on the critical trends and macro-economic indicators affecting growth in the construction aggregates market. The report examines market attractiveness across various segments in terms of product type and application. The survey also discloses hidden opportunities for the market players to capitalize on during the assessment period (2021-2031)

As per a detailed analysis by FMI, the global construction aggregates market is poised to top US$ 344.4 Bn in 2021. Increasing applications of construction aggregates across the commercial, industrial, residential, infrastructure sectors are fueling the demand in the market. On account of this, the market is estimated to surpass a valuation of US$ 664.6 Bn by the end of 2031.

Increasing government support and investments for the development of commercial and residential projects across India, China, the U.S., and the U.K. is estimated to favor the growth in the market. Driven by this, the demand in the market is anticipated to rise at a CAGR of 6.8% over the forecast period 2021-2031.

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Historically, the demand for construction aggregates grew at 3.8% CAGR between 2016 and 2020. However, demand is expected to surge with numerous upcoming infrastructure projects across developing economies to fuel the expansion of the construction industry.

For instance, in 2020, India and China announced their plan to construct 100 and 300 smart cities across countries, respectively, according to a report by the Royal Society Publishing. In addition to this, increasing construction of hotels and resorts to expand the tourism sector is estimated to create lucrative opportunities for growth in the market.

Based on product type, the crushed stone segment is projected to outpace other segments, accounting for the largest share in the market through 2031. Easy availability, cost-effectiveness, and impressive mechanical properties of crushed stone are some of the attributes driving the growth in the market.

“Growing adoption of advanced technologies such as real-time analytics for the production of recycled aggregates to enhance sustainability and increase the efficiency of manufacturing processes is expected to facilitate the growth in the market,” says a FMI analyst.

Key Takeaways from Construction Aggregates Market Study
• The U.S. is projected to emerge as the most remunerative market in North America, creating an incremental opportunity of US$ 16.4 Bn in 2021.
• Germany is estimated to hold a significant share in the Europe market, accounting for nearly 29.4% of the sales between 2021 and 2031.
• China is forecast to emerge as a highly lucrative market for construction aggregates through 2031, owing to the increasing number of massive infrastructure projects in the country.
• South Korea and Japan are expected to register swift growth in the market, collectively accounting for around 7.8% of total sales in 2021.
• On the basis of application, the infrastructure segment is anticipated to hold the maximum sales, favored by the increasing government emphasis towards urbanization.

Key Drivers
• Increasing construction of bridges, expressways, railways lines, and roadways, owing to the surging trend of urbanization across China, India, Brazil, and the U.S. is increasing the sales of construction aggregates across infrastructure segment.
• Growing usage of construction aggregates as an alternative to natural sand for construction activities, due to the implementation of stringent regulation regarding environmental and land use is expected to boost the market.

Key Restraints
• High cost of transportation due to heavy-weight and volume of construction aggregates is hampering the growth in the market.
• Implementation of stringent zoning regulations and laws on construction aggregate extraction in populated areas might impede the growth in the market.
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Competitive Landscape
As per FMI, the top 5 players operating in the global market are Heidelberg Cement AG, Martin Marietta Materials Inc., LSR Group, LafargeHolcim Ltd, and Cemex SAB de CV ADR.
Key companies are emphasizing on product launches and expansion of their production facility to cater to the demand for construction aggregates. Apart from these strategies, mergers, acquisitions, and strategic collaborations will hold significance during the assessment period.
For instance,
• In May 2021, Martin Marietta Materials Inc. announced acquiring HeidelberCement’s Western U.S. business for US$ 2.3 Bn. The acquisition will assist the company to expand its production of cement, aggregates, ready-mix concrete, and asphalt and strengthen its footprint across the U.S.

• In January 2018, Vulcan Materials Company, a leading building materials company, announced the acquisition of a U.S.-based producer of construction aggregates, Aggregates USA LLC. The strategy will assist the company to increasing its production construction aggregates in the country.
Some of the key players operating in the market profiled by FMI are:
• Heidelberg Cement AG
• Martin Marietta Materials Inc
• LSR Group
• LafargeHolcim Ltd.
• Cemex SAB de CV ADR
• Vulcan Materials Company
• CRH plc
• Adelaide Brighton Ltd.
• Eurocement Group
• ROGERS GROUP INC.

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More Valuable Insights on Construction Aggregates Market
A detailed study by FMI provides an unbiased analysis of vital factors favoring the growth in the global construction aggregates market through 2021 and beyond. The survey offers refined sales projections in construction aggregates market with detailed segmentation:
By Product Type:
• Crushed Stone
• Sand
• Gravels
By Application Type:
• Commercial
• Residential
• Industrial
• Infrastructure
By Region:
• North & Central America
• South America
• India
• China
• Australia & New Zealand
• Middle East
• Africa
• Rest of APAC
• Southern & Western Europe
• CIS & Eastern Europe
• Northern Europe

Key Questions Covered in the Report
• The report offers insight into construction aggregates market demand outlook for the forecast period 2021-2031
• The market study also highlights projected sales growth for construction aggregates market between 2021 and 2031
• Construction aggregates market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Construction aggregates market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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The MENA commercial vehicles (trucks) market is projected to expand at 3.4% CAGR, in terms of volume between 2022 and 2027. Sales of commercial vehicles (trucks) in MENA will reach US$ 6.57 Mn by the end of 2022.

A new report published by Future Market Insights titled ‘Commercial Vehicles (Trucks) Market: Middle East & North Africa (MENA) Industry Analysis 2012 – 2021 and Opportunity Assessment 2022-2027’ studies the performance of MENA commercial vehicles (trucks) market over a 15 year assessment period from 2012 to 2027.

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The report presents the value and volume forecasts of the MENA commercial vehicles (trucks) market and provides key insights into the factors driving market growth as well as the factors restricting the market growth.

The estimates point to a revenue growth from nearly US$ 5,250 Mn in 2021 to nearly US$ 8,500 Mn by 2027 end, resulting in a CAGR of 5.0% during the period of assessment. In terms of volume, the MENA commercial vehicles (trucks) market was pegged at 152,191 units in the year 2021 and is poised to reach a figure of 212,232 units in 2027, and display a CAGR of 3.4% in the forecast period.

Rapid development and growth of oil and gas industry in the rest of Middle East region to boost market revenue growth

Commercial vehicles are commonly used as a medium of transport for different types of end use industries and they are helping in tasks such as unloading, loading and transportation of goods. The construction industry is exhibiting a fast growth due to the vast number of projects in the pipeline in each country of the Middle East and this also has connection with the plans of the countries in the Middle Eastern region to diversify their economies.

These developments are also related to the large scale international events that are going to be held in this region such as World Expo 2020 to be held in Dubai and the FIFA World Cup 2022 to be held in Qatar.

The construction industry in Iran was estimated to be valued at US$ 154.4 billion in 2016 from US$ 88 billion in the year 2013 and due to this upward growth, the market for heavy trucks is likely to boost in this country. Also, due to the rising urbanization, the construction industry is experiencing rapid growth in rest of the countries in the Middle East which is further expected to boost the demand for commercial vehicles in building and construction activities in the region.

Iran is also one of the biggest markets for trucks in the MENA region, and with the economic sanctions lifted up from Iran, it is experiencing a huge growth in its economy and is likely to be one of the prominent markets for heavy duty commercial vehicles.

On the other hand, other countries in the region like UAE and Oman are also becoming attractive markets for commercial vehicles due to their vast use in end-use industries such as the petrochemical industries, and this is expected to boost the overall demand for trucks in the Middle East region.

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MENA Commercial Vehicles (Trucks) Market: Segmentation and Forecast

The MENA commercial vehicles (trucks) market is segmented on the basis of class type and region. On the basis of class type, the market is segmented into light duty, medium duty and heavy duty. On regional basis, the market is segmented into Middle East (Saudi Arabia, Turkey, Rest of Middle East) and North Africa.

• The heavy duty segment was estimated to be valued at nearly US$ 3,200 Mn in 2021 and is likely to reach a valuation of nearly US$ 5,300 Mn in 2027 and in the process exhibit a CAGR of 5.1%.
• The medium duty segment was estimated to be valued at nearly US$ 1,850 Mn in 2021 and is anticipated to reach a valuation of nearly US$ 3,000 Mn in 2027 and exhibit a CAGR of 4.8%.

MENA Commercial Vehicles (Trucks) Market: Regional Forecast

• The commercial vehicles (trucks) market in Saudi Arabia was estimated to be valued at nearly US$ 560 Mn in 2021 and is likely to reach a valuation of nearly US$ 900 Mn in the year 2027 and exhibit a CAGR of 4.6% during the assessment period.
• The commercial vehicles (trucks) market in Turkey was estimated to be valued at nearly US$ 1,350 Mn in 2021 and is anticipated to reach a valuation of nearly US$ 2,150 Mn in 2027 and exhibit a CAGR of 5% during the period of forecast.

MENA Commercial Vehicles (Trucks) Market: Vendor Insights

This report includes some of the key players functioning in the MENA commercial vehicles (trucks) market such as Daimler AG, AB Volvo, Scania AB, Paccar Inc., MAN SE, Navistar International Corp., Hino Motors, Ltd., Isuzu Motors Ltd., Dongfeng Motor Corporation, FAW Group Corporation, Toyota Motor Corporation, Ford Motor Company, Nissan Motor Company Limited, General Motor Company and Volkswagen AG. Manufacturers are using advanced telematics systems and financing options to lure customers.

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Scope of Report

About the Automotive Division of FMI

The automotive division of FMI offers a novel approach and innovative perspective in the analysis of the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery across the manufacturing sector and distinctive analysis about the installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders, and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

Explore FMI’s Extensive ongoing Coverage on Automotive Domain

Powerglide Shifter Market: According to latest research by Future Market Insights, powerglide shifter market will grow at a moderate rate during 2021-2031.

Oil Catch Cans Market: According to the latest research from Future Market Insights, oil catch cans market is projected to grow steadily between 2021 and 2031 at a CAGR of 3% to 5%.

Oil Breather Tank Market: According to the latest research from Future Market Insights, oil breather tank market is expected to grow steadily at a CAGR of 3%-5% between 2021 and 2031.

EV Charging Cables Market: According to latest research by Future Market Insights, EV Charging Cables market is set to witness a robust growth during 2021-2031 reflecting a CAGR of over 6% during the same period.

Automotive Brackets Market: The steady growth in the demand of passenger cars will benefit the demand for automotive brackets in the coming years.

Automatic Gearbox Valves Market: The automatic gearbox valves sales is estimated to grow steadily between 2021 and 2031, with a CAGR of 4% – 6%, according to Future Market Insights’ latest study.

Automotive Brake Tube Market: According to latest research by Future Market Insights, automotive brake tube market is set to witness steady growth during 2021-2031.

Automotive Cross Member Market: According to latest research by Future Market Insights, automotive cross member market is set to witness steady growth during 2021-2031.

Automotive Console Box Market: According to latest research by Future Market Insights. Automotive console box market is set to witness stable growth during 2021-2031.

Automotive Counter Shaft Market: According to latest research by Future Market Insights, automotive counter shaft market is set to witness steady growth during 2021-2031.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:

Future Market Insights,
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Plot No: JLT-PH2-X2A,
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United Arab Emirates
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Widespread usage of paper in the fast moving consumer goods (FMCG) sector boosts the growth of the paper industry, which eventually leads to escalation of demand for carbonate minerals that are used in manufacturing paper. Registering revenues of more than US$ 45 Bn in 2019, global carbonate minerals market is projected to exhibit a healthy CAGR during the forecast period of 2019 – 2029. Furthermore, carbonate minerals are used as both building materials and as an ingredient in cement. Flourishing construction industry is thus another major factor that creates positive prospects for the growth of carbonate minerals market.

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Compact wheel loaders are utilized in several industries to load materials from one place to another. They are majorly used in the construction industry, where they are a stepping-stone between skid steer and large wheel loaders. In addition, compact wheel loaders are used in the agriculture, industrial, and utility sectors. Increasing preference towards electric compact wheel loaders to attain zero carbon emission is propelling the growth of the compact wheel loaders market. According to a new research report published by Future Market Insights (FMI), the compact wheel loaders market is estimated to reach a valuation of US$ 6 Bn by 2030.

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Key Takeaways of Compact Wheel Loaders Study

1. Latin America, Oceania, and South Asia are estimated to grow at a significant pace, owing to ongoing construction activities and infrastructural investments in these regions.
2. Several advantages such as better maneuverability, lifting abilities, and multiple attachments compatibility are broadening the adoption of compact track loaders.
3. Construction activity is anticipated to remain the foremost application in the global market, and hold the dominating market share throughout the forecast period
4. Key market players are focusing on launching new products driven by advanced technologies to gain a competitive advantage in the global compact wheel loaders market landscape.
5. The ongoing global COVID-19 health crisis is estimated to negatively impact the overall construction equipment market, due to prolonged inactivity in the construction industry, interrupted fund flows for operations, and overall delays in construction project timelines.
6. As a preventive measure against the COVID-19 crisis, a majority of manufacturers are prioritizing workforce safety and are shutting down most of their production plants for a limited time duration.
7. In certain regions, the construction equipment industry is facing challenges of complying with strict standards. These standards require manufacturers to invest heavily in new technologies, thus shrinking their returns on investments (ROI).

“Realizing a gradual decline in worldwide demand, players are limiting the production of compact wheel loaders to avoid the overstocking of products. Market participants need to develop robust production strategies in order to reduce risks of opportunity loss to their companies.”

• Base Year – 2019
• Historical Period – 2015-2019
• Forecast Period – 2020-2030
• Market Value in 2019 – US$ 4.8 Bn
• Segments Covered – Product, Application, and Region
• Regions Covered – North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa
• Growth Drivers
  • Investment upheaval in construction projects
  • Rising shift towards electric compact wheel loaders
  • Leading players are focusing on developing tech-advanced compact wheel loaders

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COMPACT WHEEL LOADERS MARKET TAXONOMY

The global compact wheel loaders market is segmented in detail to cover every aspect of the market and present complete market intelligence to the readers.

Product

• Compact Track Loaders
• Skid Steer Loaders
• Backhoe Loaders
• Wheeled Loaders

Application

• Construction
• Agriculture & Forestry
• Industrial
• Utilities

Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• MEA

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Compact Wheel Loaders Market: Competitive Landscape

The compact wheel loaders market is consolidated, owing to the presence of a limited number of manufacturers across the globe.  Caterpillar, Inc., Komatsu Ltd., Deere & Company, Doosan Corporation, and Volvo Construction Equipment are the leading players in the compact wheel loaders market. Top 5 players account for over 40% share in the global market. Introduction of technologically-advanced products while adhering to stricter environmental regulations is among the key strategies being adopted by prominent manufacturers, worldwide.

Rising Preference towards Electric Compact Wheel Loaders to Attain Zero Carbon Emission

Governments across the globe are enacting stringent regulations in an effort to reduce carbon footprint. Electric compact wheel loaders curb carbon emissions by around 30% as compared to conventional construction equipment, given their advanced engine technology.

Top Reports Related To Automotive Market Insights

Golf Cart Market : Increasing urbanization and inclination towards the environment friendly options are key factors driving market of golf cart. As per a Future Market Insights (FMI) analysis, the global golf cart market is estimated to be valued at ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031. While the COVID-19 outbreak hampered sales to an extent, the market is likely to recover 2021 onwards.

Electric Bike Market : FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027).

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Crawler excavators continue to gain popularity across the globe owing to their exceptional features such as high lifting capacity, flexibility and mechanical power. Demand for advanced crawler excavators is increasing at a substantial level in mining and construction activities. Infrastructural development, industrialization and urbanization which is ongoing in emerging countries situated in region such as Asia Pacific, the Middle East and Latin America has also provided an impetus to the global crawler excavator market. Future Market Insights (FMI)’s newly published report reveals that the global market for crawler excavator will surpass US$ 180 ‘000 Units by 2026-end. Sectors such as construction mining and excavation are undergoing immense scale of automation, which is resulting in increased adoption of crawler excavators in these sectors.

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Realising the potential, many market players are actively focusing on further technological innovation and adding cutting-edge features to their product. In order to increase market presence, players are stepping efforts to improve their product functionality. Crawler excavators offer greater level of safety and efficiency in construction and mining activities. Moreover, these equipment facilitate faster digging and removal of debris, which is consider as a major factor supporting their adoption.

Using crawler excavator, builders, construction companies and mining companies are not only reaching higher efficiency but they can easily manage some of most complex construction tasks. Also, these vehicles can greatly reduce downtime in construction and mining sites. The modern hydraulic crawler excavator have automated and remote control applications, which allow operators to remotely control or manage loading/unloading and digging operations. The factors as such are expected to support the global market for crawler excavator during the forecast period.

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Additional Highlight from the Report Include:
In terms of revenue, Asia Pacific excluding Japan (APEJ) is expected to dominate the global crawler excavators market in 2018, and the trend is likely to continue throughout the assessment period. APEJ crawler excavators market is set to exhibit a volume CAGR of 3.2% over the forecast period.
On the basis of product type, the short tail segment is expected to remain highly lucrative over 2026.

Currently, the segment represents for more than 32% volume share of the global market and is expected to reach a valuation of US$ 76.4 ‘000 units by the end of forecast period, reflecting a CAGR of 2.6%.
Based on bucket capacity, the medium (2.00-4.00) segment is likely to retain its position over 2026. It terms of volume, this segment currently commands for more than one-third share of the global market. During the assessment period, the segment is projected to increase at a CAGR of 2.3%.
Based on operating weight, the 22,650-30,200 Kg segment is anticipated to grow reach a valuation in excess of US$ 48.2 ‘000 units in 2026, expanding at a steady growth rate.

On the basis of end use vertical, the construction segment is expected to hold its dominant position in 2018 and beyond. Currently, the segment represents a market volume of over US$ 100 ‘000 units and is projected increase at CAGR little under 3% during the forecast period.
Segmentation
Region

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

Product Types

• Standard
• Hybrid
• Short Tail
• Super Long Front

Bucket Capacity

• Small (0.30-2.00)
• Medium(2.00-4.00)
• Large(Above 4.00)

Operating Weight

• 12,500-22,100 Kg
• 22,650-30,200 Kg
• 34,300-45,750 Kg
• 51,000-70,650 Kg
• 78,500-93,300 Kg
• Above 95,900 Kg

End Use Vertical

• Construction
• Mining
• Forestry & Agriculture
• Others

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Competitive Landscape
Key players profiled in the report include Hyundai Construction Company, Deere & Company, Volvo Construction Equip., CNH Industries, Liebherr, Caterpillar, Hitachi Construction Machinery, Komatsu, Doosan Bobcat, Inc, and Sany Group.

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Automotive Head-up Display Market : As per recently updated report by Future Market Insights (FMI), the automotive HUD market valuation is forecast to reach US$ 563 Mn by the end of 2021. The global automotive HUD market is expected to exhibit an impressive 11.5% y-o-y growth owing to high demand for modern safety system and increase in sales of electric vehicle.
Car Security System Market: The car security system market is expected to reach a valuation of US$ 7.60 Billion by 2021, according to the latest insights by Future Market Insights (FMI). The overall sales is expected to grow at a CAGR of 5.8% between 2021 and 2031.

About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/crawler-excavator-market
Press Release Source: https://www.futuremarketinsights.com/press-release/crawler-excavator-market

Compact loaders have transformed from single tool equipment – bucket only – to multi-tool equipment. Advances in attachment offerings over the past decade have stepped up the versatility and productivity of compact loaders.

At present, compact loaders are commonplace in landscaping projects and construction sites, given their optimal size, low fuel consumption, and new attachment options.

At the heart of some of the most notable tech-enabled transformations over recent past, compact loaders have emerged as fertile breeding ground for innovations and application versatility.

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Compact Loaders Market Size Study

• Players to reap relevant profits from industrial   and agriculture and forestry sectors
• Compact track loaders to generate significant revenue through 2030
• Market in North America to make considerable strides, especially in agriculture and forestry vertical
• E-mobility to define growth strategies of market players in near future

“Reliability, coupled with long-lasting service life, of compact loaders is auguring well for rental models in the global market, which captures relatively greater revenue share in the compact construction equipment industry versus other product families such as general purpose excavators. In addition, advent of electromobility (e-mobility) is expected to further work in favor of rental business models in coming years,” says analyst at FMI.

COVID-19 Impact on Compact Loaders Market

With prolonged inactivity in construction industry, overall delays in construction project timelines, and interrupted fund flows for operations, the global compact loaders market is at the wrong end of COVID-19 pandemic.

As a preventative measure against COVID-19 crisis, majority of manufacturers have been prioritizing workforce safety and are closing down most of their manufacturing units for certain timeframe.

Construction activities have contracted across the globe in Q2 of 2020 amid countrywide lockdowns and impact of physical distancing protocols. About a quarter of projects were paused in the second quarter, and on-site productivity is projected to fall by 12% in near future.

Moving ahead, sales volume of construction equipment has plummeted nearly 70% on-year during first quarter, and utilization has almost halved, following 20% volume dip in FY 2020. That said, the compact loaders market is set for steady recovery as building sites gradually reopen after lockdown relaxations.

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Compact Loaders Market – Competitive Intelligence

Significant rise in e-mobility is likely to reimagine the market landscape. Manufacturers are investing heavily in transforming their product lines from diesel to electric. For instance,

• Case Construction Equipment has rolled out Project Zeus 580 EV, which is regarded as first fully electric backhoe loader in construction industry.
• Volvo CE is expected to kick start the production of its range of electric wheel loaders and compact excavators, which would be ideal for city use.
• Yanmar Holdings has acquired ASV Holdings, which is among key suppliers for compact tracked loaders and skid steer loaders. The acquisition has aided Yanmar Holdings to utilize well-established dealer network of ASV Holdings and strengthen its position globally, particularly in North America.

Market Taxonomy

Application

• Construction
• Agriculture and Forestry
• Industrial
• Utilities

Product Type

• Compact Track Loaders
• Skid Steer Loaders
• Backhoe Loaders
• Wheeled Loaders

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Middle East and Africa
• Japan

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Furthermore, the trend towards electrification of compact loaders is poised to persist as technology matures and becomes more consolidated for off-road use cases.

• Base year considered – 2019
• Historical Period- 2015 – 2019
• Forecast period – 2020 – 2030
• Market Value in 2019 –
• Segments covered -Product type, application and region
• Regions Covered -North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East & Africa (MEA), and Japan
• Key Companies-Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Yanmar Holding Co. Ltd., Volvo Construction Equipment, Liebherr Group, Deere & Company, Xuzhou Construction Machinery Group Co. Ltd., Sany Heavy Industry Co. Ltd., Doosan Corporation, KUBOTA Corporation, CNH Industrial N.V., and Takeuchi Mfg. Co. Ltd.

Key Questions Answered in the Report:

1. Which product type will hold major share of compact loaders market globally and why?
2. What are the factors driving the global compact loaders market?
3. What will be the revenue size of compact loaders market by 2030?
4. Who are the leading manufacturers in the compact loaders market?
5. Which trends and innovations are expected to transform the global compact loaders market in coming years?

About Future Market Insights (FMI)

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Different types of transmission technologies find deployment in the global automotive TCU market such as manual transmission (MT) and automated manual transmission (AMT). In manual transmission, a driver has 100% control over gear shifting, whereas AMT involves clutch-pedal free manual transmission. The shift from manual cars and a move towards hassle free driving has resulted in an upward growth shift in the global automotive TCU market.

A new report by Future Market Insights presents clear insights on the global automotive TCU market performance. The report also highlights the drivers influencing the growth of the global market, restraints limiting revenue growth, and trends governing the market. According to the report, the global automotive TCU market is expected to witness a robust CAGR of over 7.5% during the forecast period 2021-2031.

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Global Automotive TCU Market: Dynamics

There are various factors responsible for the growth in the automotive TCU market. Rise in emission control rules is a major market revenue growth driver. Many companies have adopted the first ever GHG regulations for heavy duty vehicles and engines. Also, control in the global inflation rate has strengthened the demand in various regions such as Europe and North America. With forces like the above at play, much of the growth in the global automotive TCU market is expected to come from developed economies.

Global Automotive TCU Market: Segmental Highlights

For easy understanding and accurate analysis of the global automotive TCU market, the market is segmented on the basis of application, vehicle type and region.

• The various segments of the automotive TCU market based on application include AT, CVT and DCT. The AT (Automatic Transmission) segment is expected to dominate the market with the highest market value share by the end of 2031. However DCT (Dual Clutch Transmission) is expected to witness growth at the highest CAGR of over 14.1% during the forecast period.
• The segmentation based on vehicle type includes passenger cars, HCVs and LCVs. Among these, the market for passenger cars is expected to stand exceptionally profitable with a projected grow at a robust CAGR of 7.8%.
• The regional segmentation holds crucial statistics for businesses currently operating in the industry. According to the forecasts presented in the report, North America is expected to dominate the global automotive TCU market, growing at a CAGR of over 8% in terms of value.

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Segmentation of the global automotive TCU market

Application

• AT (Automatic Transmission)
• CVT (Continuous Variable Transmission)
• DCT (Dual Clutch  Transmission)

Vehicle Type

• Passenger Car
• LCV (Light Commercial Vehicle)
• HCV (Heavy Commercial Vehicle)

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• MEA

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Global Automotive TCU Market: Competitive Analysis

The research report on the global automotive TCU market provides an analysis of the key players operating in the market. Some of the key players included in the report are Robert Bosch GmbH, Aisin AW Co., Ltd., Continental AG, Delphi Automotive LLP, Hitachi Automotive System, Ltd., Denso Corporation, Swoboda KG., ZF Friedrichshafen AG etc.

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