WHEEL LOADERS POWERING DEMAND!
It is no secret that wheel loaders are preferred over tracked loaders for the added versatility they offer. Wheel loaders are employed for wagon filling, asphalt loading and block material handling. Wheel loaders are primarily used to transfer stockpiled materials
It is no secret that wheel loaders are preferred over tracked loaders for the added versatility they offer. Wheel loaders are employed for wagon filling, asphalt loading and block material handling.
Wheel loaders are primarily used to transfer stockpiled materials from one place to another. They are also used to load materials into truck, clearing rubble, placing pipes, digging and other such activities. The front load bucket capacity is much greater than the backhoe loader bucket, as the backhoe loader bucket is majorly used as digging equipment. The backhoe digging equipment can dig deeper than the machine’s wheel level. Front loaders are also used to remove snow from parking areas, sidewalks and other areas in snow-prone regions. Unlike bulldozers, wheeled loaders are flexible enough to travel across any part of the roads or construction sites. Wheel loaders steering mechanism is maneuvered by articulate steering system which is hydraulically actuated. This system allows better control over the machine even under greater weight holding operations.
Major areas deploying wheel loaders comprise of construction zones, mining vicinities, defense lands and others. Rising urbanization and industrialization has greatly supported the construction activities to grow in the last couple of decades. This has raised the adoption of wheel loaders largely in the construction sector. Deployment of armored wheel loaders in military and defense areas has proved greatly proficient as a part of combat engineering missions under hostile territories. The armored wheel loaders are also used for building bridges and bases, removing road blocks, and other allied activities. This has posed a positive impact on wheel loaders market. Moreover, there are certain activities which can’t be carried out by large bulldozers due to their size, such tasks are easily carried out by wheel loaders owing to their flexibility. The Asia pacific and European regions have proven to be the major contributors of heavy duty machineries market. Thus, the market size for wheel loaders in this regions is significantly large.
Growing public-private partnerships to implement infrastructure works, increasing residential, commercial, and industrial construction activities, and global economic growth from 2021 onwards are expected to drive the market in future. The loader manufacturers are integrating advanced technology into the equipment machinery. A South Korean manufacturer Doosan is offering an auto shut-down feature that has been implemented to reduce the idle time of the engine, which would prevent the wasted operating time and over-consumption of fuel. The company has also provided loaders with maintenance-free air pre-filter that automatically separates more than 99% of particles that are 20 microns and larger and removes debris extending the air filter life. The manufacturers are focusing on improving the cabin comfort for the operator to drive the sales activity in regions, such as Europe and North America, as operators are the key participants when it comes to the purchasing decision.
Key strategy
According to grand view research, Growing trend of electrification of vehicles can be observed as a key strategy. Companies are focusing on the development of electric construction equipment, such as loaders. For instance, in Beijing International Construction Machinery Exhibition & Seminar (BICES) 2019, a heavy construction equipment manufacturer LiuGong, revealed its purely electric loader, the model 856H-EV. The company also showcased an electric intelligent 5G remotely controlled wheeled loader, the model 856H. The model 856H was supported and co-developed by Huawei technology and China Telecom.
The world economy has been taken aback by the rate at which the COVID 19 crisis has escalated. The pandemic has impacted the public health, economy, and the social well-being of people around the world. The construction equipment industry also got impacted by the economic standstill caused owing to the lockdown directives provided by the government authorities in many countries. According to the Committee for European Construction Equipment (CECE) survey, a considerable number of construction equipment manufacturing facilities had been shut down in Europe, which is the worst hit region by the recent global pandemic. As per the CECE, the region is also facing customer related issues such as the shutdown of construction sites and cancellation of infrastructure projects. These effects would cause the sales of construction equipment to decline by 10% to 30%.
Engine Type Insights
The market has been segmented based on the engine type, including up to 250 HP engines, 250-500 HP engines, and more than 500 HP engines. The up to 250 HP engine type loader dominated the market in 2019 with a share of more than 68.0%. The up to 250 HP engine type loaders constitute efficient and compact loaders. These types of loaders are used for small scale applications, such as agricultural operations, landscaping, and ground maintenance work. Demand for low capacity engine loaders has significantly increased over the past few years in order to enhance productivity at lower operating expenses.
Product Development with Tech-enabled Advancements
Construction equipment manufacturers have introduced intelligent assistant systems in compact wheel loaders that enable operators to steer comfortably with a single hand. Manufacturers are focused on developing new products in order to ensure improved operational output along with optimum efficiency. For instance, in 2018, Liebherr Group introduced new joystick steering and intelligent assistant systems for wheel loaders.
The innovative joystick steering system enables easy operation of wheel loaders. Additionally, manufacturers are developing compact wheel loaders with electro hydraulic controls to improve operator controllability and optimize machine operation.
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