NEW YORK, May 12, 2022 /PRNewswire/ — The Europe compact wheel loader market is expected to rise at a CAGR of 2.5% and reach a valuation of US$2.12 billion end of 2032.

Population increase indirectly shapes the construction industry through Europe. New and ongoing constructions require compact wheel loaders, which in turn is expected to drive the expansion of the market over the coming years.

Over the past decade, the automotive industry has seen the most dramatic and disruptive technological breakthroughs. This had a significant impact on all major components, including compact wheel loaders. To meet changing market demands, comply with strict energy efficiency and carbon emissions laws, and remain competitive in the marketplace, significant advances in compact wheel loader design, techniques, and materials have been made. achieved, which bodes well for market growth.

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Key insights from market research

• By application, the construction segment is expected to hold a market share of 40.7% by 2032.
• Conventional propulsion is expected to hold the largest market share of 90.5%.
• In horsepower, the 57 hp to 90 hp segment should create an absolute dollar opportunity of nearly US$196 million from 2022 to 2032.
• By country, Germany is expected to account for the largest market share of 37.8% by 2032.
• France should register an absolute dollar opportunity of US$72.4 million from 2022 to 2032

“Economic reforms in Europe along with increasing private equity investment in construction equipment manufacturing is expected to have a positive impact on market growth,” says an analyst at Persistence Market Research.

Market landscape

To improve performance and fuel efficiency, manufacturers are working to develop compact wheel loaders through innovative engine designs. Companies increased their footprint by opening additional operations and introducing sophisticated compact wheel loader models.

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Some of the major Compact Wheel Loader manufacturers included in the report are Deere & Company, Doosan Corporation (Bobcat), Vermeer Corporation, CNH Industrial, Liebherr, Wacker Neuson SE, Hitachi Construction Machinery Co., Ltd., Volvo AB, YANMAR HOLDINGS CO., LTD, Schäffer Maschinenfabrik GmbH, Tobroco-Giant, SANY Europe GmbH, CASE Construction Equipment, Komatsu Europe International NV, JCB and Caterpillar Ltd

Conclusion

During the forecast period, the growing demand for products from the construction equipment industry, owing to stringent government regulations on vehicle emissions, is expected to drive the expansion of the market

Due to increasing purchasing ability and improving living conditions around the world, the construction equipment industry is expected to grow rapidly. Growing concerns about environmental pollution caused by smoke generated from equipment exhaust are likely to drive the demand for electric compact wheel loaders.

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Want to know more?

Persistence Market Research, a research and advisory firm, has released a revised market research report on the Europe compact wheel loader market which contains Europe 2017-2021 industry analysis and 2022-2032 opportunity assessment.

The report provides an in-depth analysis of the market across different segments, namely power, application, propulsion, operator station, and country.

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