Global Wheel Loaders Market to Reach $47.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Wheel Loaders estimated at US$28.1 Billion in the year 2020, is projected to reach a revised size of US$47.4 Billion by 2027, growing at aCAGR of 7.7% over the period 2020-2027. Construction Industry, one of the segments analyzed in the report, is projected to record 8.4% CAGR and reach US$34.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Agriculture Industry segment is readjusted to a revised 6.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.6 Billion, While China is Forecast to Grow at 11.8% CAGR
The Wheel Loaders market in the U.S. is estimated at US$7.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.7 Billion by the year 2027 trailing a CAGR of 11.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 6.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.We bring years of research experience to this 6th edition of our report. The 182-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Caterpillar, Inc.
- Doosan Infracore Co., Ltd.
- Hitachi Construction Machinery Co., Ltd.
- J C Bamford Excavators Ltd. (JCB)
- Komatsu Ltd.
- Terex Corporation