Global Compact Loaders Market Size, Share, Trends, Industry Growth by Type (Compact Track Loaders, Skid Steer Loaders, Backhoe Loaders, Wheeled Loaders), by Application (Construction, Agriculture and Forestry, Industrial, Utilities), by Region, and Forecast to 2028
Report ID: RC155592 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: June 29th, 2023The global compact loaders market size is projected to grow at a significant CAGR of around 4% during the forecast period from 2022 to 2028. The increasing investment in the construction industry and the growing number of residential building projects in developing economies are some major factors driving the market growth. Furthermore, the rising trend towards the electrification of the compact loader is further anticipated to boost the market growth. Moreover, the increasing mechanization, rapid growth in urbanization, and the growing construction activities in developing economies are projected to propel market growth significantly. In addition, the increasing use of the product in various end-use industries such as agriculture, industrial, and other utilities for loading and unloading the material is expected to fuel the market growth.
Market Drivers:
Construction and Infrastructure Development: The construction industry is a significant driver of the compact loaders market. Compact loaders are versatile machines that can perform a wide range of tasks, such as excavation, loading, lifting, and material handling. With ongoing infrastructure development projects, including residential, commercial, and industrial construction, the demand for compact loaders is increasing.
Urbanization and Residential Construction: The rapid urbanization and growth in residential construction activities drive the demand for compact loaders. These machines are used for various tasks in residential construction, such as site preparation, landscaping, excavation, and material handling. The expansion of urban areas and the construction of residential complexes fuel the need for compact loaders.
Agriculture and Landscaping: Compact loaders find extensive application in the agricultural and landscaping sectors. They are used for tasks like moving and spreading soil, loading/unloading materials, and maintaining landscapes. As the demand for food and green spaces increases, the agricultural and landscaping industries require compact loaders to enhance productivity and efficiency.
Versatility and Flexibility: Compact loaders are highly versatile machines that can be equipped with a wide range of attachments, such as buckets, forks, sweepers, and grapples. This versatility allows them to perform various tasks, making them attractive to different industries. The ability to switch between different attachments adds to the flexibility and efficiency of compact loaders.
Compact Size and Maneuverability: Compact loaders are designed to be smaller in size and highly maneuverable compared to larger construction equipment. This makes them suitable for operating in tight spaces and urban areas where larger machinery cannot easily access. The compact size and maneuverability of these loaders make them valuable for tasks that require agility and precise control.
Rental Market and Cost-Effectiveness: The rental market plays a significant role in the demand for compact loaders. Many construction and landscaping companies prefer to rent compact loaders rather than investing in purchasing them outright. Compact loaders offer cost-effectiveness, as rental options allow businesses to access the required equipment for specific projects without incurring the full purchase cost.
Technological Advancements: Continuous technological advancements in compact loaders contribute to their market growth. Manufacturers are introducing features like improved fuel efficiency, operator comfort, advanced control systems, telematics, and integration of automation technologies. These advancements enhance the performance, productivity, and efficiency of compact loaders, attracting customers to invest in newer models.
Focus on Operator Safety and Ergonomics: The focus on operator safety and ergonomics is a driving factor in the compact loaders market. Manufacturers are incorporating safety features like ROPS (Roll-Over Protective Structure), FOPS (Falling Object Protective Structure), and operator visibility enhancements. Additionally, ergonomic designs that prioritize operator comfort and reduce fatigue contribute to the popularity of compact loaders.
Market Snapshot:
Benchmark Year | 2022 | ||
Market Size | lock | ||
Market Growth (CAGR) | ~ 4% (2023-2030) | ||
Largest Market Share | North America | ||
Analysis Period | 2020-2030 | ||
Market Players | Doosan Corporation, Komatsu Ltd., Deere & Company, Caterpillar Inc., and Wacker Neuson Group |
Market Insights:
By application, the construction segment is expected to dominate the global market by 2028
The global compact loader market is bifurcated into type, application and geography. On the basis of application, the market is further segmented into construction, agriculture and forestry, industrial, and utilities. The construction segment dominated the global market in 2021 and expected to hold the largest revenue share of around half of the market by the end of the analysis period. The growing construction activities and the increasing investment in infrastructural development are some major factors driving the segment growth. Furthermore, the rising safety concerns and the increasing adoption of advanced construction equipment are further anticipated to fuel the segment growth over the forecast period.
To know more about the research study, request sample papers
The compact loaders comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
The compact loaders market research report presents the analysis of each segment from 2019 to 2028 considering 2021 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2022 to 2028.
Historical & Forecast Period
- 2019-20 – Historical Year
- 2021 – Base Year
- 2022-2028 – Forecast Period
Market Segmentation:
By Type:
- Compact Track Loaders
- Skid Steer Loaders
- Backhoe Loaders
- Wheeled Loaders
By Application:
- Construction
- Agriculture and Forestry
- Industrial
- Utilities
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Regional Analysis:
By region, North America is expected to hold the largest market share by the end of the analysis period
On the basis of region, North America dominated the global compact loaders market in 2021 and accounted to hold a significant market share of over 40% of the global market. The growing demand for the product in the agriculture and mining industry, and the increasing investment in infrastructural development are some major factors driving the market growth in the region. Furthermore, the increasing investment in road networks and the maintenance of aging bridges and roads are further anticipated to fuel the market growth in North America. On the flip side, the Asia Pacific is estimated to register a considerable CAGR over the forecast period owing to the increasing construction activities.
Geographically, the compact loaders market report comprises dedicated sections centering on the regional market revenue and trends. The compact loaders market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The compact loaders market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Compact loaders market estimates have also been provided for the historical years 2019 & 2020 along with forecasts for the period from 2022 – 2028.
Competitive Assessment:
Some of the prominent market players operating in the global compact loaders market are Doosan Corporation, Komatsu Ltd., Deere & Company, Caterpillar Inc., and Wacker Neuson Group. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.
Key Companies:
- Doosan Corporation
- Komatsu Ltd.
- Deere & Company
- Caterpillar Inc.
- Wacker Neuson Group
- Volvo Construction Equipment
- Xuzhou Construction Machinery Group Co. Ltd.
- KUBOTA Corporation
- CNH Industrial N.V.
- Hitachi Construction Machinery Co. Ltd.
Key Questions Answered by Compact Loaders Market Report
- Global compact loaders market forecasts from 2022-2028
- Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
- Compact loaders submarket forecasts from 2022-2028 covering the market by type, application, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis about the market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level compact loaders markets from 2022-2028
- Competitive Landscape and market positioning of top 10 players operating in the market
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Compact Loaders Market Portraiture
2.2. Global Compact Loaders Market, by Type, 2021 (USD Mn)
2.3. Global Compact Loaders Market, by Application, 2021 (USD Mn)
2.4. Global Compact Loaders Market, by Geography, 2021 (USD Mn)
3. Global Compact Loaders Market Analysis
3.1. Compact Loaders Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis
4. Global Compact Loaders Market By Type, 2019 – 2028 (USD Mn)
4.1. Overview
4.2. Compact Track Loaders
4.3. Skid Steer Loaders
4.4. Backhoe Loaders
4.5. Wheeled Loaders
5. Global Compact Loaders Market By Application, 2019 – 2028 (USD Mn)
5.1. Overview
5.2. Construction
5.3. Agriculture and Forestry
5.4. Industrial
5.5. Utilities
5.6. Others
6. North America Compact Loaders Market Analysis and Forecast, 2019 – 2028 (USD Mn)
6.1. Overview
6.2. North America Compact Loaders Market by Type, (2019-2028 USD Mn)
6.3. North America Compact Loaders Market by Application, (2019-2028 USD Mn)
6.4. North America Compact Loaders Market by Country, (2019-2028 USD Mn)
6.4.1. U.S.
6.4.1.1. U.S. Compact Loaders Market by Type, (2019-2028 USD Mn)
6.4.1.2. U.S. Compact Loaders Market by Application, (2019-2028 USD Mn)
6.4.2. Canada
6.4.2.1. Canada Compact Loaders Market by Type, (2019-2028 USD Mn)
6.4.2.2. Canada Compact Loaders Market by Application, (2019-2028 USD Mn)
7. Europe Compact Loaders Market Analysis and Forecast, 2019 – 2028 (USD Mn)
7.1. Overview
7.2. Europe Compact Loaders Market by Type, (2019-2028 USD Mn)
7.3. Europe Compact Loaders Market by Application, (2019-2028 USD Mn)
7.4. Europe Compact Loaders Market by Country, (2019-2028 USD Mn)
7.4.1. Germany
7.4.1.1. Germany Compact Loaders Market by Type, (2019-2028 USD Mn)
7.4.1.2. Germany Compact Loaders Market by Application, (2019-2028 USD Mn)
7.4.2. U.K.
7.4.2.1. U.K. Compact Loaders Market by Type, (2019-2028 USD Mn)
7.4.2.2. U.K. Compact Loaders Market by Application, (2019-2028 USD Mn)
7.4.3. France
7.4.3.1. France Compact Loaders Market by Type, (2019-2028 USD Mn)
7.4.3.2. France Compact Loaders Market by Application, (2019-2028 USD Mn)
7.4.4. Spain
7.4.4.1. Spain Compact Loaders Market by Type, (2019-2028 USD Mn)
7.4.4.2. Spain Compact Loaders Market by Application, (2019-2028 USD Mn)
7.4.5. Italy
7.4.5.1. Italy Compact Loaders Market by Type, (2019-2028 USD Mn)
7.4.5.2. Italy Compact Loaders Market by Application, (2019-2028 USD Mn)
7.4.6. Rest of Europe
7.4.6.1. Rest of Europe Compact Loaders Market by Type, (2019-2028 USD Mn)
7.4.6.2. Rest of Europe Compact Loaders Market by Application, (2019-2028 USD Mn)
8. Asia Pacific Compact Loaders Market Analysis and Forecast, 2019 – 2028 (USD Mn)
8.1. Overview
8.2. Asia Pacific Compact Loaders Market by Type, (2019-2028 USD Mn)
8.3. Asia Pacific Compact Loaders Market by Application, (2019-2028 USD Mn)
8.4. Asia Pacific Compact Loaders Market by Country, (2019-2028 USD Mn)
8.4.1. China
8.4.1.1. China Compact Loaders Market by Type, (2019-2028 USD Mn)
8.4.1.2. China Compact Loaders Market by Application, (2019-2028 USD Mn)
8.4.2. Japan
8.4.2.1. Japan Compact Loaders Market by Type, (2019-2028 USD Mn)
8.4.2.2. Japan Compact Loaders Market by Application, (2019-2028 USD Mn)
8.4.3. India
8.4.3.1. India Compact Loaders Market by Type, (2019-2028 USD Mn)
8.4.3.2. India Compact Loaders Market by Application, (2019-2028 USD Mn)
8.4.4. Rest of Asia Pacific
8.4.4.1. Rest of Asia Pacific Compact Loaders Market by Type, (2019-2028 USD Mn)
8.4.4.2. Rest of Asia Pacific Compact Loaders Market by Application, (2019-2028 USD Mn)
9. Latin America (LATAM) Compact Loaders Market Analysis and Forecast, 2019 – 2028 (USD Mn)
9.1. Overview
9.2. Latin America Compact Loaders Market by Type, (2019-2028 USD Mn)
9.3. Latin America Compact Loaders Market by Application, (2019-2028 USD Mn)
9.4. Latin America Compact Loaders Market by Country, (2019-2028 USD Mn)
9.4.1. Brazil
9.4.1.1. Brazil Compact Loaders Market by Type, (2019-2028 USD Mn)
9.4.1.2. Brazil Compact Loaders Market by Application, (2019-2028 USD Mn)
9.4.2. Mexico
9.4.2.1. Mexico Compact Loaders Market by Type, (2019-2028 USD Mn)
9.4.2.2. Mexico Compact Loaders Market by Application, (2019-2028 USD Mn)
9.4.3. Rest of Latin America
9.4.3.1. Rest of Latin America Compact Loaders Market by Type, (2019-2028 USD Mn)
9.4.3.2. Rest of Latin America Compact Loaders Market by Application, (2019-2028 USD Mn)
10. Middle East and Africa Compact Loaders Market Analysis and Forecast, 2019 – 2028 (USD Mn)
10.1. Overview
10.2. MEA Compact Loaders Market by Type, (2019-2028 USD Mn)
10.3. MEA Compact Loaders Market by Application, (2019-2028 USD Mn)
10.4. Middle East and Africa Compact Loaders Market, by Country, (2019-2028 USD Mn)
10.4.1. GCC
10.4.1.1. GCC Compact Loaders Market by Type, (2019-2028 USD Mn)
10.4.1.2. GCC Compact Loaders Market by Application, (2019-2028 USD Mn)
10.4.2. South Africa
10.4.2.1. South Africa Compact Loaders Market by Type, (2019-2028 USD Mn)
10.4.2.2. South Africa Compact Loaders Market by Application, (2019-2028 USD Mn)
10.4.3. Rest of MEA
10.4.3.1. Rest of MEA Compact Loaders Market by Type, (2019-2028 USD Mn)
10.4.3.2. Rest of MEA Compact Loaders Market by Application, (2019-2028 USD Mn)
11. Company Profiles
11.1. Doosan Corporation
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Komatsu Ltd.
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Deere & Company
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Caterpillar Inc.
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. Wacker Neuson Group
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Volvo Construction Equipment
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Xuzhou Construction Machinery Group Co. Ltd.
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. KUBOTA Corporation
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. CNH Industrial N.V.
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. Hitachi Construction Machinery Co. Ltd.
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
$ 6995/- Corporate License
Email: sales@researchcorridor.com
- Markets in over 100+ countries analyzed granularly
- 35% of our total client are returning clients
- 1000+ customers globally
- 100+ paid data sources mined to bring cutting-edge insights
- 24x5 availability - we are always there when you need us
- "Free of Cost Report Customization" is available
- Request a regional report at Best Price
- Crop Spraying Drone Market Report
- Protein Bar Market Report
- Industrial Ceiling Fan Market Report
- Furniture Fittings Market Report
- Fabric Odor Eliminator Market Report
- Filter Press Market Report
- Ceramic Balls Market Report
- Ceramic Filters Market Report
- Syringic Acid Market Report
- Artificial Sand Market Report
- Vibratory Feeder Machine Market Report
- Jaw Crusher Market Report