Compact Wheel Loaders Global Market Report 2022: Sector to Reach $5.89 Billion by 2026 at a CAGR of 3.5%

Dublin, Jan. 20, 2023 (GLOBE NEWSWIRE) -- The "Compact Wheel Loaders Global Market Report 2022: Ukraine-Russia War Impact" report has been added to * ResearchAndMarkets.com's* offering.

The global compact wheel loaders market is expected to grow from $4.83 billion in 2021 to $5.13 billion in 2022 at a compound annual growth rate (CAGR) of 6.3%. The compact wheel loader market is expected to reach $5.89 billion in 2026 at a CAGR of 3.5%.

The expansion of the construction industry is expected to propel the growth of the compact wheel loaders market going forward. The construction industry refers to an industrial branch of manufacturing and trade-related operations that includes infrastructure development, repair, renovation, and maintenance. Construction activities have been on the rise due to rapid industrialization and urbanization. A compact wheel loader makes construction operations safer and more efficient in various applications due to its versatility, which in return reduces operating costs.

For instance, in June 2021, according to a report published by Canada's national statistical agency, the investment in building construction increased from $14,294 million in April 2019 to $19,273 million in 2020. Furthermore, according to the 2022 U.S. Construction Cost Trends report, in the U.S., total construction spending has increased by 16% since the pandemic's onset. Therefore, the expansion of the construction industry is driving the compact wheel loaders market.

Product innovations have emerged as a key trend gaining popularity in the compact wheel loaders market. Major companies operating in the compact wheel loaders market are focused on introducing innovative products to reinforce their position.

For instance, in October 2019, Volvo, a Sweden-based vehicle manufacturer, launched the zero-emissions electric compact wheel loader. The new compact wheel loaders have distinctive features such as zero exhaust emissions, dramatically lower noise levels, and use less energy, consequently lowering energy expenses and improving efficiency.

Furthermore, these little wheeled loaders require less upkeep than their fuel-based counterparts. It is composed of lithium-ion batteries and a single electric motor that powers the hydraulics to propel the machine.

In August 2021, Hyundai Heavy Industries Holdings (HHIH) Co, a South Korea-based shipbuilding engine and machinery manufacturer, acquired Doosan Infracore for an undisclosed amount. Through this acquisition, HHIH aims to expand its operations in the construction industry along with increasing investments in technology and innovation. Doosan Infracore is a South Korea-based construction equipment and compact wheel loader manufacturer.

*Report Attribute* *Details*
No. of Pages 175
Forecast Period 2022 - 2026
Estimated Market Value (USD) in 2022 $5.13 billion
Forecasted Market Value (USD) by 2026 $5.89 billion
Compound Annual Growth Rate 3.5%
Regions Covered Global

*Reasons to Purchase*

· Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
· Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
· Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
· Impact of high global inflation on market growth.
· Create regional and country strategies on the basis of local data and analysis.
· Identify growth segments for investment.
· Outperform competitors using forecast data and the drivers and trends shaping the market.
· Understand customers based on the latest market research findings.
· Benchmark performance against key competitors.
· Utilize the relationships between key data sets for superior strategizing.
· Suitable for supporting your internal and external presentations with reliable high quality data and analysis

*Scope*
*Markets Covered:*

1) By Product: Compact Track Loaders; Skid Steer Loaders; Backhoe Loaders; Wheeled Loaders
2) By Operating Weight: Less Than 6000 Kg; More Than 6000 Kg
3) By Application: Construction; Ground Maintenance; Landscaping; Mining; Forestry and Agriculture; Other Applications

*Key Topics Covered:*

*1. Executive Summary*

*2. Compact Wheel Loaders Market Characteristics*

*3. Compact Wheel Loaders Market Trends And Strategies*

*4. Compact Wheel Loaders Market - Macro Economic Scenario*

*5. Compact Wheel Loaders Market Size And Growth*

*6. Compact Wheel Loaders Market Segmentation*

*7. Compact Wheel Loaders Market Regional And Country Analysis*

*8. Asia-Pacific Compact Wheel Loaders Market*

*9. China Compact Wheel Loaders Market*

*10. India Compact Wheel Loaders Market*

*11. Japan Compact Wheel Loaders Market*

*12. Australia Compact Wheel Loaders Market*

*13. Indonesia Compact Wheel Loaders Market*

*14. South Korea Compact Wheel Loaders Market*

*15. Western Europe Compact Wheel Loaders Market*

*16. UK Compact Wheel Loaders Market*

*17. Germany Compact Wheel Loaders Market*

*18. France Compact Wheel Loaders Market*

*19. Eastern Europe Compact Wheel Loaders Market*

*20. Russia Compact Wheel Loaders Market*

*21. North America Compact Wheel Loaders Market*

*22. USA Compact Wheel Loaders Market*

*23. South America Compact Wheel Loaders Market*

*24. Brazil Compact Wheel Loaders Market*

*25. Middle East Compact Wheel Loaders Market*

*26. Africa Compact Wheel Loaders Market*

*27. Compact Wheel Loaders Market Competitive Landscape And Company Profiles*

*28. Key Mergers And Acquisitions In The Compact Wheel Loaders Market*

*29. Compact Wheel Loaders Market Future Outlook and Potential Analysis*

*30. Appendix*

*Companies Mentioned*

· Caterpillar Inc.
· Deere
· Hitachi Construction Machinery Co. Ltd.
· Komatsu Ltd.
· Volvo AB
· CNH Industrial N.V.
· Yanmar Holdings Co. Ltd.
· JCB Inc.
· Kubota Corporation
· Case Construction
· Larsen & Toubro Limited
· Holland Construction
· Wacker Neuson Group
· Sany Heavy Industry Co. Ltd.
· Liugong Machinery Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/nw4kyr

*About ResearchAndMarkets.com*
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

*Attachment*

· Global Compact Wheel Loaders Market

CONTACT: CONTACT: ResearchAndMarkets.com
Laura Wood,Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900