The Europe Multi Attachment Loaders market is expected to grow by 2.4 percent year on year (YoY) and reach US$ 833.3 Mn by the end of 2021. Between 2021 and 2031, sales of multi-attachment loaders in Europe are expected to grow at a 2.8 percent CAGR.
As of 2020, multi-attachment loaders accounted for nearly 36% of compact loader demand in Europe, a trend that is expected to continue throughout the forecast period.
Germany is expected to remain a key market for multi-attachment loaders over the forecast period, according to FMI. The German market is estimated to register a CAGR of 2.7% between 2021 and 2031.
The Europe multi attachment loaders market grew at a CAGR of more than 1.1 percent between 2016 and 2020. Manufacturers of multi-attachment loaders are embracing new technologies to provide market innovations and gain a competitive advantage.
Sales of multi-attachment loaders will increase in Europe as a result of the increased emphasis on expanding industrial infrastructure. However, growth in Europe has been hampered by the unprecedented COVID-19 outbreak.
According to a survey published by the Committee for European Construction Equipment, sales of construction equipment, including various types of loaders, fell in Europe during the pandemic crisis. Sales, on the other hand, are expected to rebound as construction activities resume following the crisis resolution.
The market for multi-attachment loaders in Europe is confronted by several opportunities such as the development of electric-powered multi-attachment loaders. Electric powered loaders work completely exhaust-free and operate with significantly lower noise emission than conventional machines, which means greater flexibility in application, environmental protection, and significant savings in operating costs.
Along with this, there are increasing opportunities for waste management in the construction, mining, and industrial sectors. Multi attachment wheel loaders play a pivotal role in handling waste materials, including lifting and transportation of materials to distant places.
- Wacker Neuson Group
- Volvo Construction Machinery
- Doosan Bobcat
- Hitachi Construction Machinery
- J.C. Bamford Excavators
- YANMAR HOLDINGS CO., LTD
- Schäffer Maschinenfabrik GmbH
- Avant Tecno Oy
- Caterpillar Inc.
- SANY Europe GmbH