Report forecast the global wheel loaders
market to grow at a CAGR of 9.01 % during the period 2018-2022.
Wheeled loaders are a type of tractors that
are mounted with square-shaped buckets, which are used to lift loose materials
such as sand, gravel, and dirt from the ground. Wheeled loaders are also used
for clearing rubble, digging, and loading materials onto a truck.
The report covers the present scenario and
the growth prospects of the global wheel loaders market for 2018-2022. To
calculate the market size, the report considers the revenue generated from the
sales of wheel loaders.
The
market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one of the major
drivers for this market is Stabilization of global crude oil prices. Owing to
the weak global crude oil market during 2014 and 2016, the construction sector
in oil producing countries came to a halt. The Middle East countries, such as
Saudi Arabia, Kuwait, and Oman, experienced a downturn in the growth of the
construction sector. With the overall global economy in a downslide during this
period, the construction and mining sectors faced difficult times, resulting in
various projects, including government projects, being temporarily put on hold.
Further, the report states that one of the
major factors hindering the growth of this market is Growing rental equipment
market. Construction machinery such as wheel loaders and tracked excavators are
very expensive and require high initial investments. Therefore, for short
duration projects or small-scale projects, it is difficult for mining and
construction companies to buy them, owing to the low return on investment
(ROI). The financial crisis of 2008 had a negative impact on construction
companies, thus compelling them to adapt to the changing global economic
scenario. In order to achieve flexibility and adapt to the prevailing economic
conditions, mining and construction companies started renting their machinery
for a specific time period based on their needs. By doing so, construction
companies are able to save on the cost of buying the machinery as well as
eliminate the maintenance costs.
Global Wheel Loaders Market 2018-2022 , has
been prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market.
key players in the global wheel loaders
market: Caterpillar, Doosan Infracore, Hitachi Construction Machinery, J C
Bamford Excavators, Komatsu, and Terex.
Market
driver
- Stabilization of global crude oil prices
- For a full, detailed list, view our report
Market
challenge
- Growing rental equipment market
- For a full, detailed list, view our report
Market
trend
- Telematics in construction
- For a full, detailed list, view our report
Key
questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 151 pages “Global
Wheel Loaders Market 2018 - 2022” report covers Executive summary, Introduction,
Scope of the report, Research Methodology, Market landscape, Market Sizing,
Five Forces Analysis, Market Segmentation By End-User, Market Segmentation By
Power Output, Customer Landscape, Regional Landscape, Decision Framework,
Drivers And Challenges, Market Trends, Vendor Landscape, Vendor Analysis,
Appendix.
Please visit this link for more details: http://mrr.cm/UMx
For related reports please visit: Wheel Loader Market Research Reports
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and Manufacturing Reports at: https://www.marketresearchreports.com/industry-manufacturing
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