Lightweight Compact Wheel Loader Market | Present Scenario, Key Vendors, Industry Share, and Growth Forecast up to 2030 | Doosan Corporation, Wacker Neuson SE, Hitachi Construction Machinery Co. Ltd, CNH Industrial N.V.,

The global lightweight compact wheel loader market is estimated to expand at a sluggish pace, reaching the valuation of US$ 2 Bn in 2030. Lightweight compact wheel loaders are emerging as preferred equipment on job sites for many projects, a regular-sized wheel loader may be very large for the worksite. In these cases, lightweight compact wheel loaders offer the perfect option of size, power, and capabilities.

Lightweight Compact Wheel Loader Adoption Analysis (2020E)

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Key Takeaways of Lightweight Compact Wheel Loader Market Study

  • Remote-controlled lightweight compact wheel loaders are the most recent development in the compact wheel loaders market. Remote controlled compact wheel loaders remove the human element from the production face to avoid accidents. Further, they increase an operator’s quality of life, as the person is working in an office environment instead of underground.
  • In the global lightweight compact wheel loader market, compact track loader is expected to hold approximately a third of market share.
  • Renting a wheel loader has been identified as a new trend in the global market. Skid steer loaders and compact track loaders are gaining attention in the rental market.
  • Manufacturers are offering lightweight compact wheel loader with advanced features and functionality, designed specifically for the rental market to meet user demand for improved operator environment, control, and comfort.

The COVID-19 or coronavirus pandemic has affected a majority of the countries in Europe and Asia, with North America expected to follow soon. The pandemic is causing shutdowns of industrial and commercial activities, drastically hampering the global economy. Long-term supply contracts of the lightweight compact wheel loaders are affected. Recovery will be gradual.

Market Landscape Moving Towards Consolidation

The lightweight compact wheel loader market is expected to dominate by tier-I manufacturers. Tier-I players are focusing on the expansion of their footprints by increasing distribution channels in various regions and establishing manufacturing units. Some prominent players involved in the global lightweight compact wheel loader market are shifting their focus on technological development, product development, and acquisition.

For instance, in 2019, CNH Industrial N.V. developed a new compact wheel loaders with electrohydraulic controls. With more than 20 electrohydraulic actuators and 20 sensors installed on the machine, this technology improves operator controllability and provides an option to select different operating modes.

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LIGHTWEIGHT COMPACT WHEEL LOADER MARKET TAXONOMY

Product

  • Compact Track loaders
  • Skid Steer Loaders
  • Backhoe Loaders
  • Wheeled Loaders

Application

  • Construction
  • Agriculture & Forestry
  • Industrial
  • Utilities
  • Facility/ Property management

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • MEA

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Table Of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. FMI Analysis and Recommendations

1.5. Global Construction Equipment Industry Overview

1.6. What Market Participants are saying

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Advantages of Lightweight Compact Wheel Loaders

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

5. Global Lightweight Compact Wheel Loader Market Demand Analysis 2015-2019 and Forecast, 2020-2030

5.1. Historical Market Volume (Units) Analysis, 2015-2019

5.2. Current and Future Market Volume (Units) Projections, 2020-2030

5.3. Y-o-Y Growth Trend Analysis

LIGHTWEIGHT COMPACT WHEEL LOADER MARKET STRUCTURE ANALYSIS

The global lightweight compact wheel loaders market is highly competitive due to presence of large number of players. Doosan Corporation, Wacker Neuson SE, Hitachi Construction Machinery Co. Ltd, CNH Industrial N.V., are Tier-I players involved the global lightweight compact wheel loader market.

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