Global consumption of loader bucket attachments stood at around US$ 2.63 Billion in 2021, and is slated to increase at a CAGR of 4.6% to reach a valuation of US$ 3.76 Billion by 2029.
| Attribute | Details |
|---|---|
| Loader Bucket Attachments Market Size (2022) | US$ 2.74 Billion |
| Sales Forecast (2029) | US$ 3.76 Billion |
| Global Market Growth Rate (2022 to 2029) | 4.6% CAGR |
| Share of Top 5 Loader Bucket Attachment Manufacturers | 45% |
Sales of loader bucket attachments accounted for approximately 21% share of the global compact loader attachments market in 2021. Amongst all loader bucket attachments, grapples are gaining more acceptance across most regions.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 4.4% |
| H1,2022 Projected (P) | 4.5% |
| H1,2022 Outlook (O) | 4.2% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (-) 33 ↓ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (-) 17 ↓ |
FMI presents a half-yearly comparison and insightful analysis of Loader Bucket Attachments market growth rate. Significant technological developments & increasing demand for waste management that gather the waste from industrial, commercial, and municipal waste yards are enhancing demand for bulk material handling systems like loaders and their attachments.
According to FMI analysis, the variation between the BPS values observed in the Loader Bucket Attachments market in H1, 2022 - Outlook over H1, 2022 Projected reflects a decline of 33 units. However, compared to H1, 2021, the market is expected to rise by 17 BPS in H1 -2022.
The key reasons for this change in growth rate are the increasing pricing of such components which is affecting the market growth, high initial investment cost & Increasing maintenance cost of loader bucket attachments is a key challenge for market growth.
Moreover, the market is expected to have high demand across various regions, Over the next few years, it is anticipated that the need for loader bucket attachments would increase along with growing concerns about effective waste management.
Significant Proliferation of Infrastructural Projects Fueling Demand for Loader Buckets
During the historical period of 2014 to 2021, the loader bucket attachments market expanded at a CAGR of 3.7%.
A loader is a large construction machine that is used to remove or load items such as dust, stones, timbers, ice, waste, sand, and other things. The bucket is linked to the opposite edges of arms and is used to pick up and move items from the ground. The bucket assembly for the loader might be a temporary or permanent attachment.
Loader buckets are key functional components of bulk-material handling equipment, such as loader buckets. Increasing safety standards and high requirement for regular replacement of loader bucket attachments are prime factors contributing to high volume sales. Average service life of a loader bucket attachment is approx. three to five years, after which, it needs to be changed or at least properly serviced.
Strict attention is being given to safety standards such as by OSHA and others, established by various governments, creating numerous opportunities for loader bucket producers.
Rise in infrastructural projects with promising economic growth necessitates manufacturers of heavy-duty off road vehicles to increase efficiency and productivity, creating growth opportunities for players in the loader bucket attachments market.
Considering the aforementioned factors, the global loader bucket attachments market is anticipated to rise at a 4.6% CAGR across 2022 to 2029.
Supportive Government Initiatives for Development of Front End Loaders Driving Market Growth
Waste management applications such as collecting waste from construction sites, industrial sites, and municipal waste yards accent for bulk material handling systems, including backhoe loaders and wheel loaders, which are further used at landfill sites.
Increasing consumer knowledge, as well as strong government support, are spurring various awareness programs and schemes regarding proper waste management. As these trends sweep the globe, loader bucket attachments market players must craft winning tactics to ensure sizable returns.
Governments in various countries are increasingly spending on the renovation of existing civil facilities as well as upcoming infrastructure projects. In addition to this, the global mining sector is undergoing rapid recovery from an economic slowdown over the past few years. These factors will fuel demand for front end loaders.
The mining industry has recovered quickly from an economic downturn in recent years all over the world. Because removal of mining products requires surface contacting machinery, front end loaders have a variety of applications in the mining industry. These factors, as well as new projects in other countries, will have a significant impact on the growth of the loader bucket attachments market.
Increasing infrastructural investments, recovering mining industry, and the prevalence of waste management are anticipated to offer abundant opportunities to manufacturers in the loader bucket attachments market.
High Operational Costs Hamper Adoption Rate of Loader Bucket Attachments
Loader bucket attachments require heavy investment, and also need regular servicing, owing to the mandates for maintenance of such equipment by government authorities to ensure workplace safety.
The need for regular maintenance because of safety concerns and resulting volume sales of loader bucket attachments, coupled with rising concerns regarding proper waste handling, is expected to drive consumption of loader bucket attachments over the coming years.
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Enhanced Bucket Forks Translating into More Opportunities in Europe
Europe is expected to lead the global loader bucket attachments market in terms of market value, accounting for nearly 37.3% share in the global market.
In terms of volume share, Europe is estimated to lead the loader bucket attachments market, attributable to an established bucket fork manufacturing sector and high per-capita consumption in the region.
Complemented by a well-established industry of bucket forks, Europe would continue to offer value-capture prospects for manufacturers. Moreover, the loader bucket attachments market in Europe will represent a multibillion-dollar market over the coming years.
Rising Construction Industry to Spur Demand for Construction Equipment Attachments
In the U.S. strong presence of prominent players is aiding the growth of the loader bucket attachments market.
Incumbents are also channelizing their product distribution to the U.S., where swift growth of industry-adjacent sectors is reflecting noteworthy investment opportunities.
Growing use of construction equipment attachments and swelling construction expenditure in the U.S. is further influencing market players to re-evaluate their approaches.
“Growing Focus on Waste Management to Boost Sales of Construction Tractors”
Rising agricultural and construction operations, as well as rapid urbanization, are driving demand for construction tractors in China.
Inclusion of waste recycling facilities in China has risen, producing significant market opportunities for construction tractors, as management of waste has a close correlation to many global concerns.
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Grapples to Garner Largest Revenue Share Owing to Better Productivity
Grapples are estimated to gain more prominence, as they can be used to multitask, which leads to increased productivity in demolition, rock handling, scrap handling, and land clearing applications. Grapples are expected to gradually replace thumbs in the latter half of the forecast period.
Going forward, manufacturers are also placing their bets on grapples, owing to their greater productivity attribute. As construction machines become more automated, there is a greater demand for enhanced attachment tools such as, grapples that lower operating costs and improve worker safety.
Grapples are essential for a wide variety of applications and account for the highest share in the loader bucket attachments market.
The COVID-19 pandemic has had a huge impact on the compact loader attachments market. Loader bucket attachment manufacturers have faced numerous hurdles as a result of the COVID-19 pandemic. COVID-19 has already had an impact on equipment and machinery sales.
Now, manufacturers are focusing on expanding their presence in developing economies by forming more partnerships with dealers and other key players to gain market share. This will result in the market having positive growth potential and resuming its original growth trajectory.
Domestic players are facing immense competition from globally established players as well as from counterfeit product suppliers. Prominent players in the loader bucket attachments market are striving to offer an extensive range of attachments and ground engaging tools.
Additionally, these companies strive to offer new products in developing regions. To achieve a competitive advantage, market participants are focusing on increasing their footprints through partnerships and acquisitions. Companies are spending on launching innovative attachments that are strong, durable, and boost the efficiency of loader bucket attachments.
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| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2029 |
| Historical Data Available for | 2014 to 2021 |
| Market Analysis | Value in US$ Million, Volume in Units |
| Key Regions Covered |
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| Key Countries Covered |
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| Key Market Segments Covered |
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| Key Companies Profiled |
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| Pricing | Available upon Request |
Loader Bucket Attachments Market by Attachment:
Loader Bucket Attachments Market by Region:
The global loader bucket attachments market is estimated at US$ 2.74 Bn at the end of 2022.
Prominent players manufacturing loader bucket attachments are Doosan, MDS Manufacturing, Hongwing Heavy Industry, Komatsu, and Volvo.
France, China, Germany, India, and the U.S. are the top 5 countries that are driving high demand for loader bucket attachments.
Europe accounts for 37.3% share of the global loader bucket attachments market.
The loader bucket attachments market is expected to rise at a CAGR of around 4.6% during the period of 2022-2029.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition
3. Key Market Trends
4. Key Success Factors
5. Global Loader Bucket Attachments Market Demand Analysis 2014-2021 and Forecast, 2022-2029
5.1. Historical Market Volume Analysis (Units), 2014-2021
5.2. Current and Future Market Volume Projections, 2022-2029
5.3. Y-o-Y Growth Trend Analysis
6. Global Loader Bucket Attachments Market - Pricing Analysis
6.1. Regional Pricing Analysis By Attachment Type
7. Global Loader Bucket Attachments Market Demand (in Value or Size in US$ Mn) Analysis 2014-2021 and Forecast, 2022-2029
7.1. Historical Market Value (US$ Mn) Analysis, 2014-2021
7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2029
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.3. Value Chain
8.4. Market Dynamics
8.4.1. Drivers
8.4.2. Restraints
8.4.3. Opportunity Analysis
8.4.4. Trends
9. Global Loader Bucket Attachments Market Analysis 2014-2021 and Forecast 2022-2029, By Attachment Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis (Units) By Attachment Type, 2014 - 2021
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis (Units) and Forecast By Attachment Type, 2022 - 2029
9.3.1. Attach Adapters & Couplers
9.3.2. Blades
9.3.3. Booms
9.3.4. Forks
9.3.5. Grapples
9.3.6. Ground Engaging Tools
9.3.7. Mounting Brackets
9.3.8. Pusher & Snowplows
9.3.9. Rakes
9.3.10. Sweepers
9.3.11. Thumbs
9.4. Market Attractiveness Analysis By Attachment Type
10. Global Loader Bucket Attachments Market Analysis 2014-2021 and Forecast 2022-2029, by Region
10.1. Introduction
10.2. Historical Market Size (US$ Mn) and Volume Analysis (Units) By Region, 2014 - 2021
10.3. Current Market Size (US$ Mn) and Volume Analysis (Units) and Forecast By Region, 2022 - 2029
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. South Asia
10.3.5. East Asia
10.3.6. Oceania
10.3.7. Middle East and Africa (MEA)
10.4. Market Attractiveness Analysis By Region
11. North America Loader Bucket Attachments Market Analysis 2014-2021 and Forecast 2022-2029
11.1. Introduction
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021
11.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2029
11.4.1. By Country
11.4.1.1. U.S.
11.4.1.2. Canada
11.4.2. By Attachment Type
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Attachment Type
11.6. Drivers and Restraints - Impact Analysis
12. Latin America Loader Bucket Attachments Market Analysis 2014-2021 and Forecast 2022-2029
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021
12.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2029
12.4.1. By Country
12.4.1.1. Brazil
12.4.1.2. Mexico
12.4.1.3. Rest of Latin America
12.4.2. By Attachment Type
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Attachment Type
12.6. Drivers and Restraints - Impact Analysis
13. Europe Loader Bucket Attachments Market Analysis 2014-2021 and Forecast 2022-2029
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021
13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2029
13.4.1. By Country
13.4.1.1. Germany
13.4.1.2. Italy
13.4.1.3. France
13.4.1.4. U.K.
13.4.1.5. Spain
13.4.1.6. BENELUX
13.4.1.7. Russia
13.4.1.8. Rest of Europe
13.4.2. By Attachment Type
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Attachment Type
13.6. Drivers and Restraints - Impact Analysis
14. South Asia Loader Bucket Attachments Market Analysis 2014-2021 and Forecast 2022-2029
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021
14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2029
14.4.1. By Country
14.4.1.1. India
14.4.1.2. Thailand
14.4.1.3. Indonesia
14.4.1.4. Malaysia
14.4.1.5. Rest of South Asia
14.4.2. By Attachment Type
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Attachment Type
14.6. Drivers and Restraints - Impact Analysis
15. Oceania Loader Bucket Attachments Market Analysis 2014-2021 and Forecast 2022-2029
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021
15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2029
15.4.1. By Country
15.4.1.1. Australia
15.4.1.2. New Zealand
15.4.2. By Attachment Type
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Attachment Type
15.6. Drivers and Restraints - Impact Analysis
16. East Asia Loader Bucket Attachments Market Analysis 2014-2021 and Forecast 2022-2029
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021
16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2029
16.4.1. By Country
16.4.1.1. China
16.4.1.2. Japan
16.4.1.3. South Korea
16.4.2. By Attachment Type
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Attachment Type
16.6. Drivers and Restraints - Impact Analysis
17. Middle East and Africa Loader Bucket Attachments Market Analysis 2014-2021 and Forecast 2022-2029
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021
17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2029
17.4.1. By Country
17.4.1.1. Turkey
17.4.1.2. Northern Africa
17.4.1.3. South Africa
17.4.1.4. Rest of Middle East and Africa
17.4.2. By Attachment Type
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Attachment Type
17.6. Drivers and Restraints - Impact Analysis
18. Emerging Countries Loader Bucket Attachments Market Analysis 2014-2021 and Forecast 2022-2029
18.1. Introduction
18.1.1. Market Value Proportion Analysis, By Key Countries
18.1.2. Global Vs. Country Growth Comparison
18.2. China Loader Bucket Attachments Market Analysis
18.2.1. Introduction
18.2.2. Market Value Proportion Analysis by Market Taxonomy
18.2.3. Market Value (US$ Mn) Analysis and Forecast by Market Taxonomy
18.2.3.1. By Attachment Type
18.3. Turkey Loader Bucket Attachments Market Analysis
18.3.1. Introduction
18.3.2. Market Value Proportion Analysis by Market Taxonomy
18.3.3. Market Value (US$ Mn) Analysis and Forecast by Market Taxonomy
18.3.3.1. By Attachment Type
18.4. Indonesia Loader Bucket Attachments Market Analysis
18.4.1. Introduction
18.4.2. Market Value Proportion Analysis by Market Taxonomy
18.4.3. Market Value (US$ Mn) Analysis and Forecast by Market Taxonomy
18.4.3.1. By Attachment Type
19. Market Structure Analysis
19.1. Key Findings
19.2. Market Analysis by Tier of Companies (Loader Bucket Attachments)
19.3. Market Share Analysis of Top Players
19.4. Market Presence Analysis by Tier
19.5. Product Mapping
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
20.3.1. Caterpillar
20.3.1.1. Overview
20.3.1.2. Product Portfolio
20.3.1.3. Profitability by Market Segments (Product/Channel/Region)
20.3.1.4. Strategy Overview
20.3.1.4.1. Marketing Strategy
20.3.1.4.2. Product Strategy
20.3.1.4.3. Channel Strategy
20.3.2. AB Volvo
20.3.2.1. Overview
20.3.2.2. Product Portfolio
20.3.2.3. Profitability by Market Segments (Product/Channel/Region)
20.3.2.4. Strategy Overview
20.3.2.4.1. Marketing Strategy
20.3.2.4.2. Product Strategy
20.3.2.4.3. Channel Strategy
20.3.3. Komatsu Ltd.
20.3.3.1. Overview
20.3.3.2. Product Portfolio
20.3.3.3. Profitability by Market Segments (Product/Channel/Region)
20.3.3.4. Strategy Overview
20.3.3.4.1. Marketing Strategy
20.3.3.4.2. Product Strategy
20.3.3.4.3. Channel Strategy
20.3.4. JCB
20.3.4.1. Overview
20.3.4.2. Product Portfolio
20.3.4.3. Profitability by Market Segments (Product/Channel/Region)
20.3.4.4. Strategy Overview
20.3.4.4.1. Marketing Strategy
20.3.4.4.2. Product Strategy
20.3.4.4.3. Channel Strategy
20.3.5. Doosan Corporation
20.3.5.1. Overview
20.3.5.2. Product Portfolio
20.3.5.3. Profitability by Market Segments (Product/Channel/Region)
20.3.5.4. Strategy Overview
20.3.5.4.1. Marketing Strategy
20.3.5.4.2. Product Strategy
20.3.5.4.3. Channel Strategy
20.3.6. Deere & Company
20.3.6.1. Overview
20.3.6.2. Product Portfolio
20.3.6.3. Profitability by Market Segments (Product/Channel/Region)
20.3.6.4. Strategy Overview
20.3.6.4.1. Marketing Strategy
20.3.6.4.2. Product Strategy
20.3.6.4.3. Channel Strategy
20.3.7. CNH Industrial
20.3.7.1. Overview
20.3.7.2. Product Portfolio
20.3.7.3. Profitability by Market Segments (Product/Channel/Region)
20.3.7.4. Strategy Overview
20.3.7.4.1. Marketing Strategy
20.3.7.4.2. Product Strategy
20.3.7.4.3. Channel Strategy
20.3.8. Liebherr
20.3.8.1. Overview
20.3.8.2. Product Portfolio
20.3.8.3. Profitability by Market Segments (Product/Channel/Region)
20.3.8.4. Strategy Overview
20.3.8.4.1. Marketing Strategy
20.3.8.4.2. Product Strategy
20.3.8.4.3. Channel Strategy
20.3.9. Rockland Manufacturing Company*
20.3.9.1. Overview
20.3.9.2. Product Portfolio
20.3.9.3. Profitability by Market Segments (Product/Channel/Region)
20.3.9.4. Strategy Overview
20.3.9.4.1. Marketing Strategy
20.3.9.4.2. Product Strategy
20.3.9.4.3. Channel Strategy
20.3.10. ESCO Group
20.3.10.1. Overview
20.3.10.2. Product Portfolio
20.3.10.3. Profitability by Market Segments (Product/Channel/Region)
20.3.10.4. Strategy Overview
20.3.10.4.1. Marketing Strategy
20.3.10.4.2. Product Strategy
20.3.10.4.3. Channel Strategy
20.3.11. Werk-Brau Co., Inc.
20.3.11.1. Overview
20.3.11.2. Product Portfolio
20.3.11.3. Profitability by Market Segments (Product/Channel/Region)
20.3.11.4. Strategy Overview
20.3.11.4.1. Marketing Strategy
20.3.11.4.2. Product Strategy
20.3.11.4.3. Channel Strategy
20.3.12. MDS Manufacturing
20.3.12.1. Overview
20.3.12.2. Product Portfolio
20.3.12.3. Profitability by Market Segments (Product/Channel/Region)
20.3.12.4. Strategy Overview
20.3.12.4.1. Marketing Strategy
20.3.12.4.2. Product Strategy
20.3.12.4.3. Channel Strategy
21. Assumptions and Acronyms Used
22. Research Methodology
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Loader Bucket Attachments Market
