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Loaded with opportunities
The wheel loader market is estimated to be valued at over $23.74 billion by 2030. It is anticipated to reach a CAGR of over 8.9 per cent during the forecast period from 2022 to 2030.
$5.13 Bn Opportunity!
Growing at a CAGR of 9.4 per cent, the Indian backhoe loader market is likely to touch $5.13 billion from $1.77 billion in 2021.
Pre-owned Equipment Market to Excel
The post-COVID scenario seems to be working out good for used equipment as customers want to buy more pre-owned equipment in good quality, while organised players are seeing business growth and more OEMs are entering the business too.
Used Equipment Market to Flourish
The post-COVID scenario seems to be working out good for used equipment as customers want to buy more pre-owned equipment in good quality, while organised players are seeing business growth and more OEMs are entering the business too.
Steer it up
In spite of the vast opportunities available, skid-steer loaders are still looking for a level-playing field in the Indian market.