European Multi-attachment Loader Market Expected to Rise

According to Future Market Insights (IMF), the European multi-attachment loader market is expected to grow at a CAGR of 2.8% over the forecast period 2021-2031. Sales of multi-attachment loaders in the European market are expected to reach US$833.8 million in 2021, with a stable long-term projection.

According to Future Market Insights (FMI), the continued growth of the construction and infrastructure sector in Europe is a key factor fueling the demand for multi-attachment loaders for construction applications. Along with this, the growing demand for compact material handling machines/vehicles in the agricultural and industrial sectors has driven the demand for multi-attachment loaders across Europe.

Due to the outbreak of COVID-19, the demand for multi-attachment loaders decreased slightly in 2020. The effect of COVID-19 on the demand of several end-use sectors like mining, construction and general manufacturing was less, which affected sales of multi-attachment loaders in various countries.

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The demand for machines that are small in size to operate in compact spaces on some construction sites will create sales opportunities in the multi-attachment loader market. In addition, advances in production technologies will also contribute to sales in the years to come.

Key Takeaways from the Multi-Tie Loader Market Research

• In terms of nominal power, the 50 hp segment should represent the largest market share in the European market.
• Demand in the building and construction sector is expected to hold over 35% of the market share by value by the end of the forecast period.
• Germany will remain a main market in Europe, accounting for more than 40% of the demand for multi-attachment chargers recorded in 2021.
• Sales of multi-attachment loaders with a tipping load capacity of 1.5 to 2.5 tonnes are expected to grow at a CAGR of approximately 2.6% over the next decade.

“As market players focus on navigating through the challenges posed by the unprecedented pandemic outbreak, their focus on technological improvements will increase. It will also help the market regain growth in Europe,” says an analyst from Future Market Insights.

Who wins?

The European multi-attachment loader market is moderately consolidated with major players accounting for the maximum market share. In order to achieve more sales, the best companies create contracts with end users and develop innovative products to reduce operating costs and carbon emissions. Along with this, manufacturers are focusing on expanding their sales channel to achieve a strong market presence.

Some of the key players in this industry include but not limited to Wacker Neuson Group, Volvo Construction Machinery, Doosan Bobcat, Kubota, Hitachi Construction Machinery, Liebherr, JC Bamford Excavators, YANMAR HOLDINGS CO. LTD, Schäffer Maschinenfabrik GmbH, Avant Tecno Oy, Multione, Mecalac, Caterpillar Inc. and SANY Europe GmbH.

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Find more valuable information

The research report analyzes the market demand for Multi-Attachment Chargers. Europe Multi-attachment Charger Market has been analyzed with the impact of COVID-19, various macroeconomic factors, market trends and market background. According to Future Market Insights, the market has been analyzed on the basis of power rating, based on tipping load capacity, end use and region. The report provides qualitative and quantitative information about the different players in this market. This report also tracks the market based on supply and demand factors.

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Report: https://www.futuremarketinsights.com/reports/europe-multi-attachment-loaders-market

Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.

This press release was published on openPR.

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