Compact Loaders Market by Application, Type and Geography-Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 167 SKU: IRTNTR75569

Compact Loaders Market Forecast 2023-2027

The Compact Loaders Market size is forecast to increase by USD 5.16 Billion, at a CAGR of 9.4% between 2022 and 2027.  Compact loaders play a pivotal role in transporting materials on construction, excavation, and road sites due to their advantages such as improved fuel efficiency, higher travel speeds, and minimal ground disturbance, making them preferable over other equipment such as skid steer loaders and backhoes. The emergence of smart cities drives advancements in transportation, traffic management, energy efficiency, and governance. Consequently, the growing number of smart city projects globally increases the demand for road safety equipment in advanced road networks. For example, ASEAN facilitates collaboration to bolster smart city initiatives, impacting market trends and growth analysis in the mini tractors and earthmoving machinery sectors.

What will be the Size of the Market During the Forecast Period?

Compact Loaders Market Forecast 2023-2027

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Market Segmentation by Application, Type and Geography

Application Segment Analysis:

The backhoe loader segment was valued at USD 3.22 Billion in 2017 and continued to grow until 2021. Some of the key application areas of the backhoe segment include construction, agriculture, and mining. One of the main industries which utilize backhoe compact loaders is the construction industry. They are widely used for activities such as digging trenches, excavating foundations, and transporting materials as well as in road construction activities, such as grading roads, clearing debris, and leveling terrain. Furthermore, backhoe loaders are extensively used for tasks such as digging ditches for irrigation systems, building silos, and grading field surfaces in the agriculture industry. Thus, such applications of backhoe compact loaders are expected to drive the growth of this segment which in turn will drive the global market growth during the forecast period.

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The backhoe loader segment was valued at USD 3,219.30 million in 2017 and continued to grow until 2021. Some of the key application areas of the backhoe segment include construction, agriculture, and mining. One of the main industries which utilize backhoe compact loaders is the construction industry. They are widely used for activities such as digging trenches, excavating foundations, and transporting materials as well as in road construction activities, such as grading roads, clearing debris, and levelling terrain. Furthermore,  backhoe loaders are extensively used for tasks such as digging ditches for irrigation systems, building silos, and grading field surfaces in the agriculture industry. Thus, such applications of backhoe compact loaders is expected to drive the growth of this segment which in turn will drive the global market growth during the forecast period.

Type Segment Analysis:

Based on type, the market has been segmented into construction, agriculture, industrial and others. Due to the increasing demand for efficient and flexible equipment, there is a growing popularity for compact loaders among contractors and construction companies. For instance, compact loaders are widely used in excavation and demolition projects. These loaders are suitable for various applications such as site preparation, grading, and loading of debris as they come in different sizes and capacities. As compact loaders can easily navigate through tight spaces and confined areas, resulting in faster and more cost-effective project completion, they are preferred over traditional heavy equipment. Thus such factors are expected to drive the global market growth during the forecast period.

Regional Analysis

APAC is estimated to contribute 32% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Factors such as the growing construction activities in emerging economies, backed by increased government spending on developing infrastructure is expected to drive the growth of the market in the region.

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Additionally, as there is a demand for new residential and commercial infrastructure for the growing urban population, it can significantly contribute to the growth as well. For instance, there is a rise in commercial and residential construction activities, along with increasing investments in infrastructure development in countries such as China, Japan, India, and Australia. Hence, such developments is expected to drive the global market growth in the region during the forecast period.

Market Dynamics and Customer Landscape

The market is being propelled by a surge in demand for versatile equipment like Mini Skid Steers, Small Excavators, and Small Tractors. Market growth analysis indicates a steady rise, driven by the increasing adoption of Small Construction Equipment and Loader Accessories. Skid Steer Attachments play a pivotal role, enhancing the functionality and efficiency of these compact loaders. However, the market faces challenges in terms of meeting diverse consumer needs and evolving safety regulations. Market research and growth forecasting suggest a promising trajectory, with continued innovation and customization to address specific industry requirements. Market forecasting indicates sustained expansion, fueled by advancements in technology and the growing preference for compact yet powerful machinery in various sectors.    

Key Market Driver - The growing adoption of compact and efficient compact loaders

One of the primary functions of compact loaders is to transport materials on construction, excavation, and road sites. Due to advantages such as improved fuel efficiency, higher travel speed, and minimal ground disturbance, compact loaders are preferred over other types of equipment, especially mini skid steers and backhoe loaders.

With the rising demand for compact loaders, several companies are emphasizing the introduction of new products into the market. For instance, in February 2022, Liebherr International Deutschland GmbH unveiled the latest L series (L 504, L 506, and L 508) compact loader. These vehicles demonstrate enhanced efficiency compared to previous models, including increased vehicle speed and heightened lifting capabilities. Consequently, such an upsurge in demand is anticipated to stimulate global market growth and forecasting during the projected period.

Key Market Trends-The emergence of smart cities

The are numerous developments in functional areas such as transportation, traffic management, energy efficiency and sustainability, and governance due to the emergence of smart cities. Therefore, an increase in the number of smart city projects globally will result in the need for the installation of road safety equipment in advanced road network systems. For instance, The Association of Southeast Asian Nations (ASEAN) has created a collaborative platform for strengthening the vision of smart city projects.

The ASEAN Smart City Network (ASCN) has estimated that by 2030, ASEAN growth will be driven by urban cities with 90 million more people to urbanize, and nearly 35%-40% of the region's growth to be derived from such initiatives. Thus, such factors are expected to generate growth opportunities for the companies operating in this market and are expected to focus on expanding roadways to align with the vision of the smart city projects which in turn drive the global market growth during the forecast period.

Key Market Challenge-Stringent environmental regulations

Environmental governing bodies across the world have set strict emission norms and regulations for factories, vehicles, production facilities, waste management, machinery, and equipment. For instance, the environmental governing body of the EU, the European Environment Agency (EEA), has announced a Stage V exhaust emission regulation, which limits the emission of particulate matter (PM) to 0.015 g/kWh while nitrogen oxide (NOx) emissions would be limited to 0.4 g/kWh. As a result, the cost of manufacturing the equipment has become expensive. Thus in order to adhere to the strict regulations, wheel loader manufacturers must make considerable investments in integrating such advanced technologies into their products. Such factors are expected to pose a significant threat to the global market growth during the forecast period.

Market Analyst Overview

In the realm of construction equipment, the market stands out as a dynamic sector driving innovation and efficiency. Compact loaders, a subset of the broader Compact Construction Equipment Market, have been witnessing significant traction in recent years, fueled by escalating demands in various industries.

With the evolution of construction methodologies, the demand for versatile machinery has soared. Compact Loaders perfectly fit this criterion, offering multifunctionality and agility, thus carving a significant niche in the Earthmoving Equipment Market. These compact marvels have also found favor in the Utility Vehicles Market and the Material Handling Equipment Market, proving their adaptability across diverse operational landscapes.

One key driver of this market's growth is the burgeoning trend of customization and versatility. Manufacturers are actively expanding their product lines, offering a plethora of Loader Attachments tailored to specific needs, further invigorating the Compact Machinery Market. Moreover, the advent of technologically advanced models like Compact Track Loaders and Compact Wheel Loaders has revolutionized performance standards, elevating efficiency and productivity in operations.

Market Analysis indicates a robust upward trajectory for the market. As construction projects become increasingly intricate, the demand for agile yet powerful machinery continues to surge. This market's growth is not only a reflection of current needs but also a testament to its resilience and adaptability to future trends.

In essence, the market epitomizes the essence of innovation and utility in the construction domain. With a promising Market Outlook, fueled by evolving preferences and technological advancements, it's poised to remain a pivotal force in the global construction equipment landscape for years to come.

Recent Development in this Market

In February 2022, Liebherr International Deutschland GmbH announced the launch of the new L series (L 504, L 506, and L 508) compact loader. These vehicles are more efficient than previous version models, including the speed of the vehicle and high lifting arms.

In September 2021, Komatsu Ltd. launched the WE-series wheel loader with Generation 3 hybrid technology. It offers sustainable operation with fuel efficiency, strength, and versatility.

Who are the Major Market companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AB Volvo: The company offers products such as Volvo compact wheel loaders.

Caterpillar Inc: The company offers products such as 903D compact wheel loaders.

We also have detailed analyses of the market’s competitive landscape and offer information on 15 market companies, including:

  • CNH Industrial NV
  • Deere and Co.
  • Doosan Corp.
  • Hitachi Ltd.
  • Kubota Corp.
  • SANY Group
  • Takeuchi Manufacturing Co. Ltd.
  • Terex Corp.
  • Wacker Neuson SE
  • Xuzhou Construction Machinery Group Co. Ltd.
  • Yanmar Holdings Co. Ltd.
  • J C Bamford Excavators Ltd.
  • Liebherr International Deutschland GmbH

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook
    • Backhoe loaders
    • Wheeled loaders
    • Compact track loaders
    • Skid Steer loaders
  • Type Outlook
    • Construction
    • Agriculture
    • Industrial
    • Others
  • Geography Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Compact Loaders Market Scope

Report Coverage

Details

Page number

167

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.4%

Market growth 2023-2027

USD 5,163.55 million

Market structure

Fragmented

YoY growth 2022-2023(%)

8.25

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 32%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

 Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks

Key companies profiled

AB Volvo, Caterpillar Inc., CNH Industrial NV, Deere and Co., Doosan Corp., Hitachi Ltd., Komatsu Ltd., Kubota Corp., SANY Group, Takeuchi Manufacturing Co. Ltd., Terex Corp., Wacker Neuson SE, Xuzhou Construction Machinery Group Co. Ltd., Yanmar Holdings Co. Ltd., J C Bamford Excavators Ltd., and Liebherr International Deutschland GmbH

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the Market between 2023 and 2027
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global compact loaders market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global compact loaders market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Backhoe loaders - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Backhoe loaders - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Backhoe loaders - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Backhoe loaders - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Backhoe loaders - Year-over-year growth 2022-2027 (%)
    • 6.4 Wheeled loaders - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Wheeled loaders - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Wheeled loaders - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Wheeled loaders - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Wheeled loaders - Year-over-year growth 2022-2027 (%)
    • 6.5 Compact track loaders - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Compact track loaders - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Compact track loaders - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Compact track loaders - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Compact track loaders - Year-over-year growth 2022-2027 (%)
    • 6.6 Skid Steer loaders - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Skid Steer loaders - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Skid Steer loaders - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Skid Steer loaders - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Skid Steer loaders - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Application
      • Exhibit 50: Market opportunity by Application ($ million)
      • Exhibit 51: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 52: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 53: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 54: Chart on Comparison by Type
      • Exhibit 55: Data Table on Comparison by Type
    • 7.3 Construction - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Construction - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Construction - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Construction - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Construction - Year-over-year growth 2022-2027 (%)
    • 7.4 Agriculture - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Agriculture - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Agriculture - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Agriculture - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Agriculture - Year-over-year growth 2022-2027 (%)
    • 7.5 Industrial - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Industrial - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
    • 7.6 Others - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Type
      • Exhibit 72: Market opportunity by Type ($ million)
      • Exhibit 73: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 India - Market size and forecast 2022-2027
      • Exhibit 107: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 115: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ million)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 AB Volvo
              • Exhibit 127: AB Volvo - Overview
              • Exhibit 128: AB Volvo - Business segments
              • Exhibit 129: AB Volvo - Key news
              • Exhibit 130: AB Volvo - Key offerings
              • Exhibit 131: AB Volvo - Segment focus
            • 12.4 Caterpillar Inc.
              • Exhibit 132: Caterpillar Inc. - Overview
              • Exhibit 133: Caterpillar Inc. - Business segments
              • Exhibit 134: Caterpillar Inc. - Key offerings
              • Exhibit 135: Caterpillar Inc. - Segment focus
            • 12.5 CNH Industrial NV
              • Exhibit 136: CNH Industrial NV - Overview
              • Exhibit 137: CNH Industrial NV - Business segments
              • Exhibit 138: CNH Industrial NV - Key news
              • Exhibit 139: CNH Industrial NV - Key offerings
              • Exhibit 140: CNH Industrial NV - Segment focus
            • 12.6 Deere and Co.
              • Exhibit 141: Deere and Co. - Overview
              • Exhibit 142: Deere and Co. - Business segments
              • Exhibit 143: Deere and Co. - Key news
              • Exhibit 144: Deere and Co. - Key offerings
              • Exhibit 145: Deere and Co. - Segment focus
            • 12.7 Doosan Corp.
              • Exhibit 146: Doosan Corp. - Overview
              • Exhibit 147: Doosan Corp. - Business segments
              • Exhibit 148: Doosan Corp. - Key offerings
              • Exhibit 149: Doosan Corp. - Segment focus
            • 12.8 Hitachi Ltd.
              • Exhibit 150: Hitachi Ltd. - Overview
              • Exhibit 151: Hitachi Ltd. - Business segments
              • Exhibit 152: Hitachi Ltd. - Key news
              • Exhibit 153: Hitachi Ltd. - Key offerings
              • Exhibit 154: Hitachi Ltd. - Segment focus
            • 12.9 Komatsu Ltd.
              • Exhibit 155: Komatsu Ltd. - Overview
              • Exhibit 156: Komatsu Ltd. - Business segments
              • Exhibit 157: Komatsu Ltd. - Key news
              • Exhibit 158: Komatsu Ltd. - Key offerings
              • Exhibit 159: Komatsu Ltd. - Segment focus
            • 12.10 Kubota Corp.
              • Exhibit 160: Kubota Corp. - Overview
              • Exhibit 161: Kubota Corp. - Business segments
              • Exhibit 162: Kubota Corp. - Key news
              • Exhibit 163: Kubota Corp. - Key offerings
              • Exhibit 164: Kubota Corp. - Segment focus
            • 12.11 Liebherr International Deutschland GmbH
              • Exhibit 165: Liebherr International Deutschland GmbH - Overview
              • Exhibit 166: Liebherr International Deutschland GmbH - Product / Service
              • Exhibit 167: Liebherr International Deutschland GmbH - Key news
              • Exhibit 168: Liebherr International Deutschland GmbH - Key offerings
            • 12.12 SANY Group
              • Exhibit 169: SANY Group - Overview
              • Exhibit 170: SANY Group - Product / Service
              • Exhibit 171: SANY Group - Key offerings
            • 12.13 Takeuchi Manufacturing Co. Ltd.
              • Exhibit 172: Takeuchi Manufacturing Co. Ltd. - Overview
              • Exhibit 173: Takeuchi Manufacturing Co. Ltd. - Product / Service
              • Exhibit 174: Takeuchi Manufacturing Co. Ltd. - Key offerings
            • 12.14 Terex Corp.
              • Exhibit 175: Terex Corp. - Overview
              • Exhibit 176: Terex Corp. - Business segments
              • Exhibit 177: Terex Corp. - Key offerings
              • Exhibit 178: Terex Corp. - Segment focus
            • 12.15 Wacker Neuson SE
              • Exhibit 179: Wacker Neuson SE - Overview
              • Exhibit 180: Wacker Neuson SE - Business segments
              • Exhibit 181: Wacker Neuson SE - Key news
              • Exhibit 182: Wacker Neuson SE - Key offerings
              • Exhibit 183: Wacker Neuson SE - Segment focus
            • 12.16 Xuzhou Construction Machinery Group Co. Ltd.
              • Exhibit 184: Xuzhou Construction Machinery Group Co. Ltd. - Overview
              • Exhibit 185: Xuzhou Construction Machinery Group Co. Ltd. - Product / Service
              • Exhibit 186: Xuzhou Construction Machinery Group Co. Ltd. - Key offerings
            • 12.17 Yanmar Holdings Co. Ltd.
              • Exhibit 187: Yanmar Holdings Co. Ltd. - Overview
              • Exhibit 188: Yanmar Holdings Co. Ltd. - Product / Service
              • Exhibit 189: Yanmar Holdings Co. Ltd. - Key news
              • Exhibit 190: Yanmar Holdings Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 191: Inclusions checklist
                • Exhibit 192: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 193: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 194: Research methodology
                • Exhibit 195: Validation techniques employed for market sizing
                • Exhibit 196: Information sources
              • 13.5 List of abbreviations
                • Exhibit 197: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  Research Framework

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                  INFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases

                  DATA ANALYSIS

                  Data Synthesis

                  • Collation of data
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                  • Analysis of derived insights

                  Data Validation

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                  REPORT WRITING

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                  • Market trends
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