Global Wheeled Loading Shovel Market: Introduction
Wheeled loading shovel is a vehicle with a large shovel attached in the front. Wheeled loading shovels are industrial vehicles that use shovel to lift materials from a bank or a stockpile and load it on another vehicle in an efficient and safe manner.
Global Wheeled Loading Shovel Market: Competitive Landscape
In 1925, C. L. Best Tractor Co. and Holt Manufacturing Company merged to form the Caterpillar Inc. The product portfolio of the company consists of compact wheel loaders, small wheel loaders, medium wheel loaders, large wheel loaders, articulated trucks, asphalt pavers, backhole loaders, cold planers, compactors, compact track and multi terrain loaders, dozers, draglines, drills, electric rope shovels, excavators, forest machines, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer loaders, telehandlers, track loaders, utility vehicles, wheel dozers, wheel excavators, and other machines. The company’s prominent product lines are mining equipment, construction equipment, diesel & natural gas engine, industrial gas turbine, and diesel-electric locomotives. The company has 168 dealers across 193 countries serving several customers. Caterpillar Inc. has facilities across North America, Europe, Asia Pacific, and Middle East & Africa.
Hitachi Construction Machinery Co. Ltd.
Global Japanese engineering company, Hitachi, Ltd. spun off its construction machinery business division and formed Hitachi Construction Machinery Co. Ltd in 1970. Presently, Hitachi Construction Machinery Co. Ltd has 44 subsidiary companies. The company’s product portfolio consists of wheel loaders, mini excavators, medium excavators, large excavators/loading shovels, demolition equipment, metal recycling equipment, forest machines, rigid dump trucks, compaction equipment, cranes and foundation machines, double-front work machines, etc. Hitachi Construction Machinery Co. Ltd. has operations in North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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Global Wheeled Loading Shovel Market: Dynamics
Rise in Construction Activities Globally to Fuel Demand for Wheeled Loading Shovels
There is an increase in the construction activity across the world. With rise in population, along with increase in disposable income and changing lifestyle, there is increase in both residential and commercial construction activity across the world. It is anticipated that the construction activity is majorly increasing in the U.S., China, and India. These countries are projected to account for more than 50% of the global construction activity by 2030. Moreover, rise in construction activity is increasing the size of stockpile of construction materials and construction waste products, which is driving the demand for wheeled loading shovels across the globe.
Global Wheeled Loading Shovel Market: Segmentation
The global wheeled loading shovel market can be segmented based on:
- Type of Bucket
Global Wheeled Loading Shovel Market, by Type
- Compact Loader
- Front Loader
- Backhoe Loader
- Armored Wheel Loader
- Others (swing loaders, track loaders, skid loaders, electric rope shovels, etc.)
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Global Wheeled Loading Shovel Market, by Type of Bucket
- Excavating Bucket
- Demolition Bucket
- Backhoe Bucket
- Flat Bottom Bucket
- Wedge Bottom Bucket
- Others (woodchip, waste handling, multi-purpose buckets, high dump buckets, etc.)
Global Wheeled Loading Shovel Market, by Power
- 20 HP – 40 HP
- 40 HP – 80 HP
- 80 HP – 120 HP
- 120 HP – 160 HP
- Above 160 HP
Global Wheeled Loading Shovel Market, by End-use
The report on the global wheeled loading shovel market is a compilation of first-hand information, qualitative and quantitative assessment by market analysts, and inputs from market experts and market participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness of each segment. The report also maps the qualitative impact of various factors on segments of the global market across different regions.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.