Lightweight Compact Wheel Loader Market is to Reach US$ 1.64 Billion by 2022, Growing At A 2.7 % CAGR Between 2022 to 2030 | Future Market Insights, Inc.

2022-08-08 07:40:47 By : Ms. Yora Zhang

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The sales of lightweight compact wheel loaders are projected to rise by 1.26x between 2022 and 2030. Europe currently leads the global lightweight compact wheel loader market, holding more than 40.4% of the total market share. India is estimated to emerge as a highly remunerative market in South Asia and Pacific.

NEWARK, Del. , July 21, 2022 /PRNewswire/ --  According to a recent FMI survey, the global lightweight compact wheel loader market is expected to reach US$ 1.64 billion by 2022, with a 2.7 percent CAGR from 2022 to 2030.

The global lightweight compact wheel loader market is estimated to expand at a sluggish pace, reaching the valuation of US$ 2.03 Bn in 2030. Lightweight compact wheel loaders are emerging as p

referred 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.

The global lightweight compact wheel loader market is expected to reach US$ 2.03 billion by 2030, up from US$ 1.61 billion in 2021. The increasing introduction of novel lightweight compact wheel loaders with integrated advanced technologies such as telematics is expected to boost market growth.

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Key Takeaways of Lightweight Compact Wheel Loader Market Study

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.

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Global Lightweight Compact Wheel Loader: Market Participants

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.

Lightweight Compact Wheel Loader Market Taxonomy

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Lightweight Compact Wheel Loader Market Structure Analysis

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

    1.5. Global Construction Equipment Industry Overview

    1.6. What Market Participants are saying

    2.3. Advantages of Lightweight Compact Wheel Loaders

    3.1. Key Trends Impacting the Market

5. Global Lightweight Compact Wheel Loader Market Demand Analysis 2015-2021 and Forecast, 2022-2030

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