Wheel Loader Market Expected to Reach Highest CAGR by 20230

Global wheel loaders market valued US$ 15.24 billion in 2018. It is anticipated to grow at a CAGR of 4.69% from 2019 to 2030.

Rising commercial and residential construction projects are supplementing growth of the construction industry, resulting, the rising adoption of wheel loaders. Moreover, the increasing popularity of compact or small-sized wheel loaders in the agriculture sector, particularly for handling lightweight materials, gravel, sand, and soil, among others, are propelling market growth. Extensive construction activities due to rapid industrialization in Asian countries, such as India, China, Japan, and South Korea, will supplement market growth during the forecast period. Moreover, the emergence of electrification in wheel loaders is likely to boost market growth as several private & public players are investing considerably to develop better electric wheel loaders. Furthermore, new product launches by established key players as per the market requirements is likely to create new opportunities in the operating market.

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Major Players in the Wheel Loader Market

The prominent players present in the global wheel loader market are Caterpillar, AB Volvo, Deere & Company, CNH Industrial N.V., Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., J C Bamford Excavators Ltd., Doosan Infracore, Larsen & Toubro Limited., Liugong Machinery Co., Ltd. and among others.

Wheel loader is considered as one of the important equipment's in the construction activities due to its advantages such as high weight loading capacity, and proper material handling. Thereby, new mega construction projects are likely to drive the wheel loader market globally. High demand of wheel loaders from new mega construction projects and transport infrastructure is driving the overall growth of the market. Moreover, the rising demand from mining and quarrying application is anticipated to further contribute to the market growth.

Regoinal Analysis:

Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing mining, forestry, agriculture and residential construction activities is anticipated to present a lucrative growth scenario for the wheel loaders market in this region. In Asia Pacific region, China accounts for more than 40% of the market share due to increase in infrastructure investment by the government, as well as via Public Private Partnership (PPP) model. However, Indian wheel loaders market is anticipated to grow at a higher CAGR owing to factors such as evolving Indian mining sector, construction and government initiatives for developing infrastructure.

Additionally, key players have been launching new and advanced wheel loaders to satisfied customer's requirement. For instance, SDLG launches its L958F wheel loader in India at bauma CONEXPO India 2018. L958F features include larger bucket capacity, heavier operating weight and a new cooling design system.

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Table of Content:

INTRODUCTION
Market Definition
Market Classification
Geographical Scope
Years Considered for the Study:
Historical Years - 2016 & 2017;
Base Year - 2018;
Forecasted Years - 2019 to 2030
Currency Used

RESEARCH METHODOLOGY
Research Framework
Data Collection Technique
Data Sources
Secondary Sources
Primary Sources
Market Estimation Methodology
Bottoms Up Approach
Top Down Approach
Data Validation and Triangulation
Market Forecasting Model
Limitations/Assumptions of the Study

ABSTRACT OF THE STUDY

UNIQUE SELLING PROPOSITIONS (USPs)
Vehicle Electrification (Current & Future Prospect Assessment)

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