The Europe Multi Attachment Loaders market is anticipated to register a year-on-year (YoY) growth of 2.4% and reach US$ 833.3 Mn by end of 2021. Sales of multi-attachment loaders in the Europe market are projected to expand at 2.8% CAGR between 2021 and 2031.
Nearly 36% of compact loaders were multi-attachment loaders as of 2020, and this share is anticipated to hold steady throughout the projection period.
Germany is expected to continue to be a major market for multi-attachment loaders during the forecast period, according to FMI. Between 2021 and 2031, the market in Germany is anticipated to grow at a CAGR of 2.7%.
Numerous opportunities, such as the development of electric-powered multi-attachment loaders, are presenting themselves to the market for multi-attachment loaders in Europe. Compared to conventional machines, electric-powered loaders operate completely exhaust-free and with significantly lower noise emissions, providing greater application flexibility, environmental protection, and significant operating cost savings.
Additionally, there are growing opportunities in the industrial, mining, and construction sectors related to waste management. Wheel loaders with multiple attachments are essential for handling waste materials because they can lift and move objects long distances.
The European Union’s increased investment in the construction industry may have a favorable effect on the demand for multi-attachment loaders shortly. Different regional governments are funding Trans European
In Europe, the agricultural sector is one of the main land users that shapes landscapes in rural areas. Multi-attachment loaders are used for a wide variety of jobs, including dirt scooping and moving gravel, sand, manure, and other such activities. With the right techniques, it can also be used for digging.
Regional Analysis:
The market in Germany is expected to create an absolute dollar opportunity of US$ 100.3 Mn from 2021-2031. Manufacturers of multi-attachment loaders from Germany are enhancing their product portfolio and launching innovative products to gain a competitive edge. Industrialization in Germany will remain a chief growth driver.
Over the forecast period, the market for multi-attachment loaders in France is anticipated to grow at a CAGR of nearly 2.6%. As per the European Commission around 55.0% of companies have consistently reported the lack of skills as the main barrier to recruitment in the French construction sector. This has affected a greater share of SMEs than large enterprises in the country.
Key Players:
- 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
