Lewes, DE -- (SBWire) -- 04/28/2017 --Wheel loader market in India almost crashed to 1/3rd of the peak volume of sales it witnessed in 2010-11. The slowdown in economic activity across construction, mining, cement, trade, led to slowdown in demand for wheel loader. However, the demand prospect is looking good as sales have started showing signs of recovery and the industry is expected to bounce back to its peak volume of 2400 whereabouts and due to momentum there are prospects of industry volumes doubling from the levels it saw in 2010-11.
Demand for wheel loader predominantly depend on business activity in coal & non coal mining, power utilities, cement plants, quarry owners, RMC etc. The wheel loaders manufactured in India find tremendous use in port stevedoring industry to remove and load iron ore or other bulk cargo, the construction industry for loading aggregates, mining for moving overburden or aggregates etc.
The fundamentals are looking very bright for the wheel loader segment as all the end user industry has plans to nearly double the throughput, for instance, ports handling capacity is slated to exceed 3000 MTPA as against current 1700 MTPA, coal output is projected to touch 1 billion tonnes as against current 600 Mn tonnes, cement industry is expected to see 600 million tonnes of output compared to 290 million tonnes as on 2015-16. Seeing this renewed momentum driven by public spending in all the sectors that use wheel loaders for loading application, one can only say that "Ache Din" for Wheel loader industry is surely round the corner.
Publisher research report "Evaluating the Demand Outlook for Wheel Loader Market in India by 2020" aims to put all the projected development into perspective by factoring different risks scenario to quantify the expected demand for wheel loaders by 2020. Report will not only provide current market size and share details but will also provide year wise forecast till 2020. Unlike the CAGR way of projection, Publisher will use time series driven analysis for various variables that influence growth of wheel loaders market in India.
Spanning over 53 pages "Evaluating the Demand Outlook for Wheel Loader Market in India by 2025" report covers Executive Summary, Research Methodology, Construction Equipment Market Landscape, Factors that drive demand for C&E equipment in India, Wheel Loader Market Landscape in India, Wheel Loader Market Size & Share 2015-16, Usage norm for Wheel loader across different industries, Key future growth drivers, Benchmarking / Comparison of Wheel loaders of different OEMs, Competitive Analysis of OEMs in India market Wheel Loader Market Size & Share Projections 2019-20, Company Profiles.
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