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Loaders Market Size

Report ID: GMI6348
Published Date: Jul 2023
Report Format: PDF

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Loaders Market Size

Loaders Market size was valued at USD 52.70 billion in 2022 and is anticipated to grow at a CAGR of 5% between 2023 to 2032. This growth is attributed to the fast-paced infrastructure development across developed and developing economies. Consistent population growth and accelerated rate of urbanization, in line with the aging infrastructure, have prompted governments worldwide to invest significantly in their infrastructure.

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The expanding construction industry, driven by population growth, urbanization, and economic development, has created a consistent demand for loaders to support various construction activities. According to Eurostat, seasonally adjusted production in the construction sector in both the euro area and the EU increased by 1.3% in October 2022 compared to September 2022. Production in construction grew by 0.3% in the EU and 0.5% in the euro area in September 2022.

The increasing use of loaders in agriculture for tasks like loading and transporting crops, in line with their growing application scope in material handling tasks in warehouses, logistics, and industrial settings, will augment the loaders market share by 2032. In addition, economic downturns and recessions can result in reduced construction and infrastructure development activities, leading to decreased demand for construction equipment, including loaders.

Authors: Preeti Wadhwani, Anish Pathak

Frequently Asked Questions (FAQ) :

The market size of loaders was reached USD 52.7 billion in 2022 and is slated to grow at over 5% CAGR between 2023 and 2032, due to consistent population growth and accelerated rate of urbanization worldwide.

The construction sector held approximately 42.8% share of the loaders market in 2022 and is projected to witness robust growth through 2032, owing to increasing adoption in handling various materials and enhancing efficiency on job sites.

North America market for loaders crossed USD 10 billion in 2022 and is expected to gain traction through 2032, due to the robust construction and infrastructure development activities in the region.

ACE Construction Equipment, CASE, Caterpillar, CNH Industrial N.V., Deere & Company, Doosan Infracore Co. Ltd, Hitachi Construction Equipment and J.C. Bramford Excavators Limited.