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Wheel Loaders Market to Observe Strong Development by 2024
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Front loaders are also used to remove snow from parking areas, sidewalks and other areas in snow-prone regions. Unlike bulldozers, wheeled loaders are flexible enough to travel across any part of the roads or construction sites. Wheel loaders steering mechanism is maneuvered by articulate steering system which is hydraulically actuated. This system allows better control over the machine even under greater weight holding operations.
Major areas deploying wheel loaders comprise of construction zones, mining vicinities, defense lands and others. Rising urbanization and industrialization has greatly supported the construction activities to grow in the last couple of decades. This has raised the adoption of wheel loaders largely in the construction sector. Deployment of armored wheel loaders in military and defense areas has proved greatly proficient as a part of combat engineering missions under hostile territories. The armored wheel loaders are also used for building bridges and bases, removing road blocks, and other allied activities. This has posed a positive impact on wheel loaders market.
Moreover, there are certain activities which can’t be carried out by large bulldozers due to their size, such tasks are easily carried out by wheel loaders owing to their flexibility. The Asia pacific and European regions have proven to be the major contributors of heavy duty machineries market. Thus, the market size for wheel loaders in this regions is significantly large.
The global wheel loaders market can be segmented on the basis of types of wheel loader, net operating power, types of bucket, end-use application, and geography. The segmentation on the basis of types include front loader, backhoe loader, compact loader and armored wheel loader. On the basis of net operating power, the wheel loader market is segmented into 20 – 40 hp, 40 – 80 hp, 80 – 120 hp, 120 – 160 hp, and 160 hp and above. The segmentation on the basis of types of bucket equipped in the wheel loaders comprise of wedge bottom bucket, flat bottom bucket, backhoe bucket, demolition bucket, excavating buckets and others.
The end-use areas deploying wheel loaders include stone quarries, mining zones, construction sites, military & defense, and public sectors. The global wheel loaders market on the basis of geography includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Some of the key players in the global wheel loader market includes Caterpillar Inc., Hitachi Ltd., Deere & Company, Kawasaki Heavy Industries, Limited, Komatsu Ltd., Larsen & Toubro Limited, and New Holland Construction.
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