Europe Compact Wheel Loader Market will surpass US$ 2.12 Bn by the end of 2032

Europe Compact Wheel Loader Market 2022

The Europe compact wheel loader market is currently valued at US$ 1.67 Bn and reach a revenue of US$ 2.12 Bn by the end of 2032. Sales of compact wheel loaders in Europe are slated to increase at a CAGR of around 2.5% from 2022 to 2032. Germany is a lucrative market for compact wheel loaders in Europe, and is anticipated to hold the largest market share of 37.9%. The construction sector accounts for most compact wheel loader usage.

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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.

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 

Caterpillar
Komatsu Europe International N.V.
Larsen & Toubro Limited
CNH Industrial
Liebherr
Wacker Neuson SE
Hitachi Construction Machinery Co., Ltd.
Deere & Company.
AB Volvo
Yanmar Holdings Co., Ltd.
Doosan Corporation (Bobcat)
Schäffer Maschinenfabrik GmbH
Tobroco-Giant
SANY Europe GmbH
Vermeer Corporation

Conclusion

Over the forecast period, rising product demand from the construction equipment industry, owing to stringent government regulations for vehicle emissions, is expected to drive market expansion.

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Because of increased purchasing capacity and improved living conditions around the world, the construction equipment sector is predicted to rise rapidly. Increased worries about environmental pollution caused by the smoke generated from equipment exhausts are likely to drive demand for electric compact wheel loaders.

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