The Europe loader market reached around USD 3.63 Billion in 2024. The market is projected to grow at a CAGR of 3.70% between 2025 and 2034 to reach nearly USD 5.22 Billion by 2034.
Europe Loader Market Growth
In May 2024, the European Union approved a law that requires most heavy-duty vehicles sold in the region to be emissions-free by 2040. This requires truck manufacturers to revise their net zero targets to achieve a 35% reduction in carbon emissions by 2030. By 2040, all new models of heavy-duty vehicles are expected to cut their carbon emissions by 90% from prevailing levels. The strengthening of legal standards about engine emission regulation to control the atmospheric levels of particulate matter and nitrogen oxides is also expected to have a positive impact on loader demand, thereby driving the market growth.
As per the International Council on Clean Transportation, Europe recorded nearly 11,000 sales of emissions-free heavy-duty vehicles in 2023. The demand for light and medium-duty electric trucks surged by 200% year-on-year in Europe in 2023. The sale of heavy-duty trucks (over 12 tons GVW) also grew substantially from 820 in 2022. The Volvo Group accounts for nearly 70% of overall truck sales in the region, with the sale of legacy diesel trucks reaching only half the levels of electric models. Electric trucks are expected to reach purchase power parity with their diesel counterparts before time, which is expected to drive market expansion over the forecast period.
Key Trends and Developments
The development of low noise-emission loaders; improvements in hydraulic drive trains; increasing focus on engine design; and rising shortage of skilled operators are the major trends impacting the Europe loader market growth.
July 2024
CNH inaugurated a new production line at its Leece plant, Italy, to upscale the manufacturing of electric compact wheel loaders.
June 2024
BOBCAT introduced a new version of the company’s M-Series S650 and S630 skid-steer loaders, exclusively designed for use in Europe’s higher-regulated markets.
September 2023
LiuGong introduced an electric model 856HE wheeled loader weighing nearly 21 tons in Europe. It has a 423 KWh battery which can run for 11 hours on one charge.
October 2022
John Deere introduced its first 824 P-tier 744 P-tier and wheel loaders in Germany and the United Kingdom which provide customers with advanced productivity features and job-site reliability.
The development of low noise-emission loaders
To curb excessive noise pollution at construction sites, manufacturers are introducing soundless loaders and other construction machinery, thereby driving market expansion.
Improvements in hydraulic drive trains
Improvements in hydraulic drive trains, attributed to increasing investments in research and development of powerful loader technologies, are aiding the market.
Increasing focus on engine design
Major loader manufacturers are focusing on improving engine design and transmission systems to enhance vehicle adaptability and operations.
Rising challenge of labour shortage
To tackle the shortage of skilled loader operators, manufacturers are integrating unique steering joysticks into new machine models. This reduces the operator’s fatigue, thereby driving market growth.
Europe Loader Market Trends
Technological advancements have driven significant improvements in loader transmission systems. For instance, Continuously Variable Transmission (CVT) has become widely accepted due to its lightweight nature. It facilitates the seamless acceleration of vehicles under operational conditions that enhance driving comfort and boost fuel efficiency by up to 25%. It also reduces carbon emissions, which makes it a more sustainable option as compared to other alternatives.
Europe Loader Industry Segmentation
Europe Loader Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Loader Type
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