Capital Equipment News April 2018

COMPACT WHEEL LOADERS

Projecting mini loader growth and innovation

As growth in the global compact wheel loader market continues apace, of note is that the market is in the midst of a transformation, with a technological revolution sweeping across the entire segment, writes Munesu Shoko.

A s the global construction industry continues to move in the direction of compact equip- ment, with urbanisation and running costs of capital equipment among the major driving factors, the global compact wheel loader market is set to see considerable growth in the next few years. A recent research report by Future Market Insights – Compact Wheel Loaders Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027) – offers detailed analysis and insights on the future direction of the global compact wheel loader market. The report predicts that the market is likely to grow at a moderate CAGR of 2,5% between 2017 and 2026, reaching a valuation of US$314-million during that period. Speaking to Capital Equipment News recently,

a representative from Future Market Insights noted that global sales for compact wheel loaders reached nearly 25 700 in 2017, a figure expected to rise to 31 400 by the end of 2026. According to the report, Asia-pacific, excluding Japan (APEJ), is the most lucrative compact wheel loader market globally, and will remain so in the foreseeable future. The region is home to some fastest growing economies in the world, most notably India and China, and growth of the construction sector in APEJ provides an impetus to the compact wheel loader market in the region. However, the compact wheel loader trend is still to entrench itself in the Middle East and Africa (MEA) region. The region is expected to account for an 8% share of the global compact wheel loader market by 2026, and demand is envisaged to remain sluggish in

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