Wheeled Loaders Market in Europe 2015-2019 - New Report Available

A wheeled loader is heavy equipment that helps move asphalt, dirt, snow, logs, raw materials, construction and demolition debris, rocks, and sand during construction activities. It is also used to dump materials on dump trucks and conveyor belts. The bucket attached in front is customized and varies from 50 kW to 1,000 kW.

Technavio's analysts forecast the wheeled loaders market in Europe to grow at a CAGR of 5.55% over the period 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "Though many organizations across industries prefer using the latest equipment to improve their productivity, some SMEs find it difficult to buy such equipment because of the high costs involved. Increasing competition among vendors is also forcing vendors to differentiate their offerings by providing innovative value-added services. Therefore, construction equipment vendors offer road rollers and other road laying equipment on a rental basis. This allows cost-driven organizations to opt for the latest construction equipment at minimal cost."

According to the report, the construction sector in Europe took a hit post the global economic crash of 2008. The market became sluggish and the demand for equipment dropped drastically. However, the market is recovering at a slow but steady pace after almost half a decade. Increasing urbanization has resulted in high demand for wheel loaders and other construction equipment. Its efficacy and efficiency makes it a popular choice in the construction market.

Further, the report states that the high initial investment is a major concern for the market.

The key players in the Wheel Loader Market in Europe are Caterpillar, JCB, Komatsu and Volvo while other prominent vendors include Doosan Group, Hitachi Construction Machinery and Liebherr

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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