In 2022, it is expected that the market for Europe multi-attachment loaders would reach US$858 million. Throughout the evaluation period, multi-attachment loaders are projected to remain in high demand. This is a result of the end-use sector’s quick development, which will generate US$ 1,173 million in 2033 and have a CAGR of 2.9% from 2023 to 2033.
The market for end suction pumps was expected to be worth US$3.93 billion in 2022 and US$4.2 billion in 2023. With the improvement of business and infrastructure around the world, the market for end suction pumps is crucial. Furthermore, the modernization of agriculture and wastewater treatment in vegetation has greatly increased demand for the end-suction industry.
The demand for increased irrigation facilities from the rural sector in emerging countries is increasing along with industrialization and urbanization, which is driving expansion in the end suction pump market. Future Market Research projects that the end suction pump market will grow between 2023 and 2033 at a CAGR of 4.93%, reaching a value of about US$ 6.8 billion.
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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.
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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.
The major players operating in Europe multi-attachment loaders include :
- 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.
- 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 (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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