COM­PACT LOADER MAR­KET PRO­JECTED TO REACH $13.3 BIL­LION BY 2027

PMV Middle East - - MARKET OVERVIEW -

The ap­pli­ca­tion of com­pact load­ers in the con­struc­tion sec­tor is likely to cap­ture a sig­nif­i­cant mar­ket share due to a rapid in­crease in the num­ber of con­struc­tion projects in var­i­ous coun­tries. Growth in the con­struc­tion in­dus­try de­pends on a num­ber of fac­tors such as GDP growth, in­vest­ment in real es­tate and emerg­ing busi­ness mod­els such as PPP, M&A ac­tiv­i­ties and var­i­ous other fac­tors. Agri­cul­ture and forestry is the sec­ond largest ap­pli­ca­tion area of com­pact load­ers dur­ing the pe­riod of as­sess­ment. The APEJ and North Amer­ica re­gions are the hotspots of the com­pact load­ers mar­ket and are driv­ing the de­mand in this seg­ment of agri­cul­ture and forestry. In ad­di­tion, util­i­ties and in­dus­trial ap­pli­ca­tions of com­pact load­ers are also ex­pected to grow at a sig­nif­i­cant CAGR dur­ing the pe­riod of as­sess­ment.

To gauge the mar­ket of com­pact load­ers all over the world, Fu­ture Mar­ket In­sights presents a re­port ti­tled ‘Com­pact Load­ers Mar­ket: Global In­dus­try Anal­y­sis (2012 – 2016) and Op­por­tu­nity As­sess­ment (2017 – 2027)’. This com­pre­hen­sive re­port stud­ies the per­for­mance of the global com­pact load­ers mar­ket over a 10 year as­sess­ment pe­riod from 2017 to 2027. The re­port presents the value and vol­ume fore­cast of the global com­pact load­ers mar­ket and pro­vides key in­sights into the fac­tors driv­ing mar­ket growth as well as the fac­tors re­strict­ing the mar­ket growth. As per the es­ti­mates, the global com­pact load­ers mar­ket is es­ti­mated to be val­ued at nearly $9.6 bil­lion in the year 2017 and is pro­jected to reach a value of nearly $13.3 bil­lion by

2027, reg­is­ter­ing a CAGR of 3.3% dur­ing the as­sess­ment pe­riod.

The re­port seg­ments the global com­pact load­ers mar­ket on the ba­sis of prod­uct type and ap­pli­ca­tion. On the ba­sis of prod­uct type, the global com­pact load­ers mar­ket is sub­seg­mented into com­pact track load­ers, skid steer load­ers, back­hoe load­ers and wheeled load­ers.

On the ba­sis of ap­pli­ca­tion, the global com­pact load­ers mar­ket is sub-seg­mented into con­struc­tion, agri­cul­ture & forestry, in­dus­trial and util­i­ties.

By prod­uct type, the com­pact track load­ers seg­ment is es­ti­mated to be val­ued at nearly $2.8 bil­lion in 2017 and is pro­jected to reach a val­u­a­tion of nearly $4.2 bil­lion in 2027, reg­is­ter­ing a CAGR of 4.0% dur­ing the pe­riod of as­sess­ment. By ap­pli­ca­tion, the agri­cul­ture and forestry sub-seg­ment is es­ti­mated to be val­ued at nearly $2.4 bil­lion in 2017 and is pro­jected to reach a value of nearly $ 3.2 bil­lion in 2027, reg­is­ter­ing a CAGR of 3.1% dur­ing the pe­riod of as­sess­ment.

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