Wheel Loader Market Report

Market Insights

"The global wheel loaders market size was estimated at USD 32 billion in 2023 and is likely to grow at a CAGR of 5.8% during 2024-2030 to reach USD 47.5 billion in 2030."

Wish to get a free sample? Register Here

Wheel loaders are a type of heavy machinery used in construction and other non-construction tasks. They can perform multiple tasks such as scooping, digging, dumping, and carrying.

Market Dynamics

Market Drivers

Increasing investment in infrastructure is driving the growth of the market.  Wheel loaders are mainly utilized to transfer stockpiled materials from one place to another. They are also used to load materials into the truck, clear rubble, place pipes, dig, and execute other such activities. Increasing urbanization and industrialization are providing great support to construction activities. There are certain activities where bulldozers are replaced by wheel loaders due to their large size. The replacement of bulldozers with wheel loaders in situations where flexibility is required to travel across any construction site will support the market growth during the forecast period.

Segment Analysis

End-User Trends

"The construction segment accounted for the largest market share."

The market is segmented as construction and agriculture. The construction end-user type is estimated to grow at a significant rate during the forecast period. Increasing spending on infrastructure by various governments across the world is supporting the construction industry which is likely to increase the demand for wheel loaders for construction.

Regional Insights

"Asia-Pacific accounted for the largest market share."

Asia-Pacific is estimated to be the leading region in the market during the forecast period. China, India, and Japan are the major markets for wheel loaders in the region. Increasing mining, forestry, agriculture, and residential construction activities in developing economies of the region are supporting the growth of the market. The Indian wheel loaders market is anticipated to grow at a higher rate owing to various factors which include the rising mining and construction sectors in the country and government initiatives for developing infrastructure.

Want to know which region offers the best growth opportunities? Register Here

Key Players

The following are the key players in the wheel loaders market (arranged alphabetically).

• AGCO Corp.,
• Caterpillar Inc.,
• CNH Industrial NV,
• Deere and Co.,
• Doosan Corp.,
• Hitachi Ltd.,
• JC Bamford Excavators Ltd.,
• Komatsu Ltd.,
• Schaffer Maschinenfabrik GmbH,
• Yanmar Holdings Co. Ltd.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s wheel loaders market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.