The market for Europe multi-attachment loaders is expected to be worth US$ 858 million in 2022. During the assessment period, demand for multi-attachment loaders is expected to remain high. This is owing to the rapid development of the end-use industry, which is expected to generate US$ 1,173 million in 2033, with a CAGR of 2.9% from 2023 to 2033. In 2023, the market is expected to generate US$ 882 million.
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 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, 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 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 the leading share in the Europe market.
- The demand in the building & construction sector is set to hold over 35% of the market share on a value basis by the end of the 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 a 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.
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 operating costs and carbon emissions. Along with that manufacturers are focusing on expanding their sales channel in order to achieve a 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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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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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