Europe Multi Attachment Loaders Market 2021 Development Status, Competition Analysis, Type and Application 2031
According to Future Market Insights (FMI), the Europe multi attachment loaders market is expected to grow at 2.8% CAGR through forecast period of 2021 to 2031. Sales of multi attachment loaders in the Europe market is set to total US$ 833.8 Million in 2021, with a stable long-term projection.
According to Future Market Insights (FMI), the ongoing growth of
the construction & infrastructure sector in Europe is a key factor fuelling
the demand for multi attachment loaders for construction applications. Coupled
with this, the rising demand for compact machinery/ vehicles for material
handling in agriculture and industrial sectors has boosted the demand of multi
attachment loaders across the Europe.
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Due to the COVID-19 outbreak, the demand for multi attachment
loaders declined slightly in 2020. The effect of COVID-19 on demand from
several end-use sectors like mining, and construction and general manufacturing
was less, which affected the sales of multi attachment loaders in various
countries.
The demand for small sized machinery to operate in compact
spaces in certain construction sites will create opportunities for sales in
multi attachment loaders market. Besides this, advancements in production
technologies also will aid sales in the coming years.
Key
Takeaways from Multi Attachment Loaders Market Study
·
By rated horsepower, the 50 Hp segment is projected to account
for leading share in the Europe market.
·
The demand in the building & construction sector is set to
hold over 35% of the market share on value basis by the end of forecast period.
·
Germany will remain a primary market within Europe, accounting
for over 40% of the demand for multi attachment loaders registered in 2021.
·
Sales of multi attachment loaders with tipping load capacity of
1.5 to 2.5 ton is set to surge at CAGR of approximately 2.6% over the coming
decade.
“As market players focus on navigating through challenges posed
by the unprecedented pandemic outbreak, their focus on technological
improvements will rise. This also will help the market recover growth within
Europe,” says a Future Market Insights analyst.
Key
Market Segments Covered
By Rated
Horsepower:
·
Upto 25 hp
·
35 hp
·
40 hp
·
50 hp
By
Tipping Load Capacity:
·
1.2 to 1.5 Ton
·
1.5 to 2.5 Ton
·
2.5 to 5 Ton
By End
Use Sector:
·
Agriculture
·
Building & Construction
·
Landscaping
·
Mining
·
Industrial
·
Military
By
Country:
·
Germany
·
Italy
·
France
·
U.K.
·
Spain
·
BENELUX
·
Russia
·
Hungary
·
Rest of Europe
Who is
Winning?
The Europe multi attachment loaders market is moderately
consolidated with the top players accounting for the maximum market share. In
order to achieve more sales top companies, are creating contracts with end
users and developing innovative products to reduce the operating cost and
carbon emission. Along with that manufacturers are focusing on expanding their
sales channel in order to achieve strong market presence.
Some of the key players in this industry include but are not
limited to Wacker Neuson group, Volvo Construction Machinery, Doosan Bobcat,
Kubota, Hitachi Construction Machinery, Liebherr, J.C. Bamford Excavators,
YANMAR HOLDINGS CO. LTD, Schäffer Maschinenfabrik GmbH, Avant Tecno Oy,
Multione, Mecalac , Caterpillar Inc., and SANY Europe GmbH.
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