What is Bucket Loader Market?
The global bucket loader market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The rising number of construction projects across the world and growing demand from the sectors such as construction & mining are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness some decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (General Purpose, Light Material, Heavy Duty and Multi-Purpose), by Application (Rock, Coal, Sand & Gravel, Waste Handling, High Dump, Woodchip and Others) and major geographies with country level break-up.
ACS Industries (United States), Caterpillar Inc. (United States), Deere & Company (United States), Doosan Corporation (South Korea), Empire Bucket (United States), ESCO Group (United States), Hitachi Construction Machinery Co., Ltd. (Japan), J C Bamford Excavators Ltd. (United Kingdom), Kawasaki Heavy Industries (Japan), Kenco Group (United States), Komatsu Ltd. (Japan), Liebherr Group (Germany), MDS Manufacturing Co. Inc. (United States), RanSun Industry Co.,Limited (China), Rockland Manufacturing Company (United States), Takeuchi Global (Japan), Volvo AB (Sweden), VTN Europe S.p.A. (Italy), Wacker Neuson Group (Germany) and Werk-Brau Co.,Inc. (United States) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Bucket Loader market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Bucket Loader market by Type, Application and Region.
On the basis of geography, the market of Bucket Loader has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand from Construction Sector Owing to Increasing Number of Construction Projects such as Smart Construction Globally
- Growing Demand from the Mining Sector Owing to Rising Mining Operations Across Different Industries such as Coal & Sand
- Growing Adoption of Excavators
- Short Term Restraint for the Market Due to Shutting Down of Operations & Process of Different Companies Across Different Parts of the World Due to COVID-19 Pandemic
- Opportunities in the Asia Pacific Region
- Short Term Challenges Due to Stopped Construction Projects Across the World due to COVID-19 Pandemic
In April 2020, Takeuchi announced the launch of redesigned TL8R-2 track loaders which is engineered to provide superior power, strength, and maneuverability and offers a tipping load of 2,740 kg with an operating weight of 4,165 kg
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Operations Reducing the Demand for Bucket Loaders
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