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.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold 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.