Future Market Insights has developed a new report on global compact wheel loaders market. An analyst involved in development of this study has provided valuable insights by answering to few questions related to global compact wheel loaders market.
What is your take on the expansion of global compact wheel loaders market over foreseeable 10 years?
Well, according to the report, the global compact wheel loaders market is likely to witness expansion at moderate CAGR during 2017-2026. It is estimated that the market will expand at 2.5% CAGR during the period of assessment. The market is pegged to reach a value of more than US$ 314 Mn by 2026-end.
Based on operating weight, are there any segments of the market, which is leading segment in the market?
Typically report reveals, based on operating weight, the global market has been segmented into more than 6000kg and less than 6000 kg weight. Recently, sales of less than 6000kg brings more revenues compared to more than 6000kg segment.
What are the segments of the market based on capacity type?
Based on bucket capacity, market has segments such as more than 1 meter cube and less than 1 meter cube. Recently, the more than 1 meter cube bucket capacity is in more demand compared to than that of less than 1 meter cube capacity. Further, the more than 1 cubic meter segment is projected to surpass revenue of US$ 200 Mn by the end of assessment period.
Which industry is demanding more for compact wheel loaders, according to you?
On the basis of applications, the market has been segmented into ground maintenance, mining, forestry and agriculture, landscaping and construction. Construction segment, among all application segments, witnesses high demand for wheel loaders. The segment is estimated to reach valuation of approximately US$ 160 Mn by assessment period end.
Why do you think demand for compact wheel loaders will be more in APEJ region as compared to other regions?
The report has been developed by analyzing the performance of the market in key regions such as North America, MEA, Latin America, APEJ, Japan, and Europe. The report reveals the APEJ region is anticipated to remain most lucrative region for the expansion of compact wheel loaders. APEJ is the home for emerging economies, most notably, India and China. The rise in construction sector in these economies has further propelled demand for compact wheel loaders. It is anticipated that the demand for compact wheel loaders is likely to be increasing in APEJ region, allowing this region to retain its dominance in the global compact loaders market.
What are the prominent players in the market that are contributing more to its expansion?
Well, the report profiled some prominent players in the market include, Case Construction Equipment, Volvo Construction Equipment, Deere & Company, Doosan Bobcat, Inc., JCB, Inc, Komatsu, Caterpillar, Hitachi Construction Machinery, Yanmar Holdings Co. Ltd, and Kubota Corp. The report further provides key insights on the development strategies of these players and long term vision to remain at pole position in the market.
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