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

North America Loader Market Growth

The anticipated growth of Canada’s mining industry is expected to increase the demand for loaders. In 2022, domestic gold production surged by 6.9 million ounces, which made it the world’s fifth-largest producer. Major mining companies increased their exploration budgets by 29% year-on-year to reach $2.68 billion. This is substantially higher than the global average increase of 16% in 2022 and outpaced other countries such as Australia and the United States. Companies engaged in the production of nonferrous metals also increased their budgets by 15% year-on-year to reach $4.1 million. Increasing innovations in skid steer and wheeled loaders are expected to complement the market expansion in the forecast period.

In 2021, Canada’s manufacturing industry generated a revenue of $787.3 billion, recording a year-on-year growth of 16.1% from 2020 and rising by $39.1 billion from 2019. The production of goods, which represents nearly 94% of the total earnings, rose in 18/21 subsectors. This was a growth of 16.2% year-on-year. Coal and petroleum, wood, primary metals, and chemical production recorded the highest increases, recording a growth of $84.9 billion. This is expected to increase the demand for sustainable loaders that can facilitate material handling and ensure secure transportation of goods, thereby driving market growth.

Key Trends and Developments

Integration of advanced auto-leveling systems in loaders; environment-conscious designs of loaders; innovations in hydraulic systems; and improvements in ergonomic designs of loaders are the major trends impacting the market growth

July 2024

Mecalac, a French compact equipment manufacturer, introduced a 12MTX wheeled excavator-loader in North America.

February 2024

Yanmar Compact Equipment introduced different models of its compact track loader (TL 100VS) in North America for the first time.

January 2024

John Deree launched a new 326 P-Tier telescopic compact wheel loader that is expected to facilitate agricultural operation on farms, such as grain stacking, loading, and snow removal.

September 2022

John Deree introduced new models of wheel loaders (644 G-tier and 544 G-tier) in North America under its Performance Tiering Strategy plan.

Integration of advanced auto-leveling systems

Advanced load sensing systems facilitate material handling operations by automatically adjusting the bucket position to maintain uniformity of load angle, thereby enhancing operational stability.

Environment-conscious designs of loader

The integration of enhanced containment and sealing designs in loaders is enabling operators to reduce the environmental impact of their operations by reducing dust emissions and spillage.

Innovations in hydraulic systems

Technological advancements have improved the hydraulic efficiency of loaders and have prevented excessive fuel consumption, thereby boosting the overall performance of the machinery.

Improvements in ergonomic design

Continuous innovation in the cab layout of loaders has improved the operator’s ability to work efficiently during long shifts, thereby driving the market growth.

North America Loader Market Trends

Multifunctional machines that specialise in digging, loading, and handling materials are driving the market expansion. The introduction of wheeled excavator loads that can execute multiple tasks across various industries, including building and road construction, landscaping, and on-site recycling is expected to witness a surge in demand over the forecast period, thereby driving market growth.

North America Loader Industry Segmentation

North America 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

Market Breakup by End Use

• Construction
• Mining
• Manufacturing
• Others

Market Breakup by Region

• United States of America
• Canada

North America Loader Market Share

Based on region, the market is segmented into the United States of America and Canada. The United States is projected to dominate the market, representing 91.1% of the overall market share. Loaders are widely utilised in the United States across various sectors, including construction, agriculture, and mining, for tasks such as material handling, excavation, and transportation. Their significance is particularly evident in infrastructure initiatives, residential projects, and road construction, where they enhance operational efficiency and minimise the need for manual labour.

Leading Companies in the North America Loader Market

Major market players are expected to innovate bucket design of loaders to improve material handling capabilities while reducing their environmental impact, thereby maximising productivity on-site.

• 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
• Deere & Company
• 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.