Europe Loader Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Europe Loader Market Growth

In May 2024, the European Union approved a law that requires most heavy-duty vehicles sold in the region to be emissions-free by 2040. This requires truck manufacturers to revise their net zero targets to achieve a 35% reduction in carbon emissions by 2030. By 2040, all new models of heavy-duty vehicles are expected to cut their carbon emissions by 90% from prevailing levels. The strengthening of legal standards about engine emission regulation to control the atmospheric levels of particulate matter and nitrogen oxides is also expected to have a positive impact on loader demand, thereby driving the market growth.

As per the International Council on Clean Transportation, Europe recorded nearly 11,000 sales of emissions-free heavy-duty vehicles in 2023. The demand for light and medium-duty electric trucks surged by 200% year-on-year in Europe in 2023. The sale of heavy-duty trucks (over 12 tons GVW) also grew substantially from 820 in 2022. The Volvo Group accounts for nearly 70% of overall truck sales in the region, with the sale of legacy diesel trucks reaching only half the levels of electric models. Electric trucks are expected to reach purchase power parity with their diesel counterparts before time, which is expected to drive market expansion over the forecast period.

Key Trends and Developments

The development of low noise-emission loaders; improvements in hydraulic drive trains; increasing focus on engine design; and rising shortage of skilled operators are the major trends impacting the Europe loader market growth

July 2024

CNH inaugurated a new production line at its Leece plant, Italy, to upscale the manufacturing of electric compact wheel loaders.

June 2024

BOBCAT introduced a new version of the company’s M-Series S650 and S630 skid-steer loaders, exclusively designed for use in Europe’s higher-regulated markets.

September 2023

LiuGong introduced an electric model 856HE wheeled loader weighing nearly 21 tons in Europe. It has a 423 KWh battery which can run for 11 hours on one charge.

October 2022

John Deere introduced its first 824 P-tier 744 P-tier and wheel loaders in Germany and the United Kingdom which provide customers with advanced productivity features and job-site reliability.

The development of low noise-emission loaders

To curb excessive noise pollution at construction sites, manufacturers are introducing soundless loaders and other construction machinery, thereby driving market expansion.

Improvements in hydraulic drive trains

Improvements in hydraulic drive trains, attributed to increasing investments in research and development of powerful loader technologies, are aiding the market.

Increasing focus on engine design

Major loader manufacturers are focusing on improving engine design and transmission systems to enhance vehicle adaptability and operations.

Rising challenge of labour shortage

To tackle the shortage of skilled loader operators, manufacturers are integrating unique steering joysticks into new machine models. This reduces the operator’s fatigue, thereby driving market growth.

Europe Loader Market Trends

Technological advancements have driven significant improvements in loader transmission systems. For instance, Continuously Variable Transmission (CVT) has become widely accepted due to its lightweight nature. It facilitates the seamless acceleration of vehicles under operational conditions that enhance driving comfort and boost fuel efficiency by up to 25%. It also reduces carbon emissions, which makes it a more sustainable option as compared to other alternatives.

Europe Loader Industry Segmentation

Europe Loader Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Loader Type

• Compact Truck Loader
• Skid Steer Loader
• Wheeled Loader
• Backhoe Loader

Market Breakup by Type

• Heavy
• Compact

Marker Breakup by End Use

• Construction
• Mining
• Manufacturing
• Others

Market Breakup by Country

• United Kingdom
• Germany
• France
• Italy
• Others

Europe Loader Market Share

Based on country, the market is segmented into the United Kingdom, Germany, France, and Italy, among others. The United Kingdom dominated the market, representing 16% of the overall market share in 2023. Loaders play a crucial role in the construction, landscaping, and infrastructure sectors within the United Kingdom. Their applications include material handling, excavation, and loading activities in urban development, road construction, and utility projects, thereby improving operational efficiency and minimising both time and labour expenses.

Leading Companies in the Europe Loader Market

Major manufacturers are expected to design customisable loaders that can adapt to the varying needs of the operator and ensure continuous execution of work without resulting in excessive fatigue.

• Caterpillar Inc.
• Komatsu Ltd.
• AB Volvo
• Hitachi Construction Machinery Co., Ltd.
• Liebherr Group
• J C Bamford Excavators Ltd.
• HD Hyundai Co. Ltd.
• SANY Group
• XCMG Group
• Doosan Corporation
• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.