Press release
Europe Compact Wheel Loader Market Size & Share Analysis in terms of value & volume
Rising population is indirectly shaping the construction industry across Europe. New and ongoing constructions require compact wheel loaders, which, in turn, is expected to boost market expansion over the coming years.
Since the last decade, the auto industry has been undergoing the most dramatic and disruptive technological breakthroughs. This has had a significant impact on all major components, including compact wheel loaders. To satisfy changing market requirements, address tough laws on fuel efficiency and carbon emissions, and remain competitive in the market, significant advancements in compact wheel loader designs, techniques, and materials have been made, all boding well for market growth.
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Key Takeaways from Market Study
• By application, the construction segment is projected to hold a market share of 40.7% by 2032.
• Conventional propulsion is anticipated to hold the largest market share of 90.5%.
• By horsepower, the 57hp to 90hp segment is projected to create an absolute $ opportunity of nearly US$ 196 Mn from 2022 to 2032.
• By country, Germany is anticipated to account for the largest market share of 37.8% by 2032.
• France is projected to register an absolute $ opportunity of US$ 72.4 Mn from 2022 to 2032.
"Economic reforms in Europe as well as increased private equity investments in construction equipment manufacturing are expected to positively impact market growth," says a Persistence Market Research analyst.
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Market Landscape
To improve performance and fuel efficiency, manufacturers are working on developing compact wheel loaders through innovative engine designs. Businesses have been increasing their footprint by opening additional operations and introducing sophisticated compact wheel loader models.
Some of the key compact wheel loader manufacturers included in the report are Deere & Company, Doosan Corporation (Bobcat), Vermeer Corporation, CNH Industrial, Liebherr, Wacker Neuson SE, Hitachi Construction Machinery Co., Ltd., Volvo AB, YANMAR HOLDINGS CO., LTD, Schäffer Maschinenfabrik GmbH, Tobroco-Giant, SANY Europe GmbH, CASE Construction Equipment, Komatsu Europe International N.V., JCB, and Caterpillar Ltd
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