Europe Market Study on Compact Wheel Loaders: Germany to Account for Largest Market Share
Industry: Automotive
Published Date: May-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 267
Report ID: PMRREP33073
By value, Persistence Market Research has estimated 2.5% CAGR for the Europe compact wheel loader market from 2022 to 2032. Top 5 manufacturers of compact wheel loaders accounted for around 60% market share in 2021.
Germany is expected to dominate the Europe compact wheel loader market in terms of revenue in 2022, holding 31.4% market share. Looking ahead, the market in Europe is expected to reach a valuation of US$ 2.12 Bn by the end of 2032.
| Attribute | Key Insights |
|---|---|
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Europe Compact Wheel Loader Market Size (2021A) |
US$ 1.63 Bn |
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Estimated Market Size (2022E) |
US$ 1.67 Bn |
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Projected Market Value (2032F) |
US$ 2.12 Bn |
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Value CAGR (2022-2032) |
2.5% |
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Collective Value Share: Top 3 Countries (2021) |
66.3% |
Significant growth in the construction and agriculture sectors and the introduction of stringent government regulations regarding emissions are expected to positively impact demand growth of compact wheel loaders over the coming years. Rising demand for fuel economy and high-efficiency output will present profitable prospects compact wheel loader manufacturers.
Sales revenue from compact wheel loaders accounts for 12% of the global wheel loader market.
Demand for compact wheel loaders across Europe reached US$ 1.63 Bn in 2021.
Compact wheel loader consumption is projected to rise steadily due to increasing construction and agriculture spending in Europe. New policies and plans to connect rural areas to urban areas are being drawn up. To accomplish this, governments are keeping aside significant amounts to make concrete roads, which will push up compact wheel loader sales.
Introduction of innovative products while following strict environmental regulations is found to be one of the key strategies adopted by prominent compact wheel loader manufacturers in the continent.
Additionally, compact wheel loader renting has been a significant trend in the market. Manufacturers are offerings compact wheel loaders with advanced features and functionality, designed specifically for the rental market, to meet user demands for improved operator environment, control, and comfort.
The European Commission has established emission reduction targets for automotive manufacturers to lower the sector's carbon footprint to 35 percent by 2030. This is expected to drive the sales of electric compact wheel loaders over the coming years.
The compact wheel loader market in Europe is anticipated to grow 1.2X from 2022 to 2032.
“Development of Emission-free Compact Machinery to Drive Demand for Compact Wheel Loaders”
Development of electric-powered compact wheel loaders has boosted demand in the region and is expected to propel market growth over the coming period. Electric compact loaders are completely exhaust-free and emit significantly lower noise as compared to conventional compact loaders. This results in greater flexibility in application, environment protection, and high savings in operating costs.
Electric compact wheel loaders offer around 30-50% reduction in operating cost and save around 90% of CO? emissions over their entire service life as compared to compact loaders with conventional combustion engines.
“Changing Environmental Regulations in Europe to Determine Market Progress”
The European Commission is aiming to improve sustainable development in the EU. It has proposed regulations and CO2 emission standards for heavy-duty vehicles such as wheel loaders. Directives from the EU commission can act as a major restraint on the growth of multi-attachment loaders.
Companies are, as such, developing technologically-advanced compact wheel loaders to reduce environmental impact and optimize fuel efficiency. However, increasing cost of new technology constrains the development of multi-attachment wheel loaders.
For instance, Europe is undergoing a major transition as new regulations come into existence by government agencies such as EPA (Environmental Protection Agency) to attain certain emission standards, which will throw up challenges in construction equipment manufacturing.
These emission standards have been gradually introduced to limit harmful substances in engine exhaust gas, including carbon monoxide (CO), hydrocarbons (HC), and nitrogen oxides (NOx). These regulations require manufacturers to invest heavily in new technologies, but at the same time, manufacturers are facing low sales in terms of volume.
What is the Scenario of the France Compact Wheel Loader Market?
“High Demand for Compact Wheel Loaders from Construction, Agriculture, and Dairy Sectors”
The France compact wheel loaders market is mainly dominated by the construction, agriculture, and dairy industries. Growth of the construction industry is mainly driven by real estate activities (+47.3%), followed by architectural and engineering activities (+7.2%).
Demand for compact wheel loaders and compact wheel loader attachments in the dairy and agriculture sectors is growing owing to increased cattle raising, especially in the more humid regions of western France. Animal-related production accounts for more than one-third of the total value of agricultural output.
Sales of compact wheel loaders in France are anticipated to create an incremental opportunity of nearly US$ 72.4 Mn by 2032.
Should Compact Wheel Loader Manufacturers Focus on Germany?
“Germany to Dominate European Market for Compact Wheel Loaders”
The Germany compact wheel loader market is forecast to create an incremental opportunity of US$ 149.7 Mn by 2032.
The business climate for compact wheel loader producers in the German market is affirmative due to the growth of the construction and mining sectors, and the high level of investments in the private sector by both, domestic and international players.
Manufacturers are focusing on expansion, and growth of the manufacturing sector in the country is set to have a considerable impact on compact wheel loader demand over the years ahead.
Which Compact Wheel Loader Horsepower Range is Most Popular?
“57 HP to 90 HP Compact Wheel Loaders Widely Utilized”
When it comes in transporting heavy materials from one part of a construction site to another, most contractors consider using compact wheel loaders with high horsepower, ranging from 57 HP to 90 HP compact wheel loaders.
Most settle for this option because they are versatile machines. As home contractors are looking for efficient ways to transfer heavy materials to different parts across sites, more business owners are looking into the importance of compact wheel loaders. One of the leading reasons why a lot of people use wheel loaders is that they can easily carry attachments.
57 HP to 90 HP compact wheel loaders are anticipated to dominate the European market with 55.4% value share, valued at US$ 771.9 Mn in 2022.
Which Propulsion Type is anticipated to Create Most Demand?
“Electric Compact Wheel Loaders to Lead Demand Growth”
As per detailed analysis, electric compact wheel loaders are estimated to see more demand in the market. Industries are making efforts to reduce their carbon footprints. Electric-operated multi-attachment loaders facilitate major carbon footprint reduction while also significantly lowering production costs, which is a key factor driving their sales.
Manufacturers of multi-attachment loaders are adopting technology to develop new products and compete in the market. Launching new and innovative products, such as lightweight compact loaders in the market has become a key strategy for manufacturers to gain a competitive advantage. Electric multi-attachment compact loaders deliver zero exhaust emissions, significantly lower noise levels, improved efficiency, reduce energy costs, and require less maintenance as compared to conventional multi-attachment compact loaders.
However, conventional compact loaders are set to account for sales of US$ 1.6 Bn by the end of 2032.
Market growth is fueled by the development of compact equipment. Construction and agriculture equipment manufacturers are under constant pressure to reduce equipment size, increase horsepower, and increase fuel efficiency and performance.
| Attribute | Details |
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Forecast Period |
2022-2032 |
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Historical Data Available for |
2017-2021 |
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Market Analysis |
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Key Regions Covered |
Europe |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon Request |
Europe Compact Wheel Loader Market by Horsepower:
Europe Compact Wheel Loader Market by Application:
Europe Compact Wheel Loader Market by Propulsion:
Europe Compact Wheel Loader Market by Operator Station:
Europe Compact Wheel Loader Market by Country:
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The Europe compact wheel loader market is currently valued at US$ 1.67 Bn.
Sales of compact wheel loaders in Europe are slated to increase at a CAGR of around 2.5% from 2022 to 2032.
Germany is a lucrative market for compact wheel loaders in Europe, and is anticipated to hold the largest market share of 37.9%.
Caterpillar Ltd, Doosan Corporation (Bobcat), Deere & Company, Hitachi Construction Machinery Co., Ltd., and Komatsu Europe International N.V. accounted for 70% of revenue in 2021.
Compact wheel loader sales in Germany are anticipated to increase at 2.5% CAGR by value through 2032.
The construction sector accounts for most compact wheel loader usage.
