European Union's Wheeled Loaders Market Expected to Grow at CAGR of +0.6% Over Next Decade - News and Statistics - IndexBox

Feb 25, 2025

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IndexBox has just published a new report: EU - Wheeled Loaders, Crawler Shovel Loaders, Front-End Loaders - Market Analysis, Forecast, Size, Trends And Insights.

Driven by rising demand for wheeled loaders, crawler shovel loaders, and front-end loaders, the European Union market is forecasted to maintain its upward consumption trend. The market is expected to expand with a +0.6% CAGR in volume and +6.8% CAGR in value from 2024 to 2035, reaching 119K units and $9B by 2035.

Driven by increasing demand for wheeled loaders, crawler shovel loaders, front-end loaders in the European Union, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.6% for the period from 2024 to 2035, which is projected to bring the market volume to 119K units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.8% for the period from 2024 to 2035, which is projected to bring the market value to $9B (in nominal wholesale prices) by the end of 2035.

Wheeled loader consumption declined sharply to 111K units in 2024, shrinking by -40.8% against the previous year's figure. Overall, consumption, however, showed a mild expansion. As a result, consumption reached the peak volume of 188K units. From 2023 to 2024, the growth of the consumption failed to regain momentum.

The revenue of the wheeled loader market in the European Union declined rapidly to $4.4B in 2024, with a decrease of -37.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw mild growth. As a result, consumption reached the peak level of $7.2B. From 2023 to 2024, the growth of the market failed to regain momentum.

The countries with the highest volumes of consumption in 2024 were Belgium (24K units), Spain (20K units) and Poland (8.1K units), with a combined 47% share of total consumption.

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Spain (with a CAGR of +37.1%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($969M), Spain ($666M) and Italy ($356M) appeared to be the countries with the highest levels of market value in 2024, with a combined 45% share of the total market.

Among the main consuming countries, Spain, with a CAGR of +36.6%, saw the highest growth rate of market size over the period under review, while market for the other leaders experienced more modest paces of growth.

In 2024, the highest levels of wheeled loader per capita consumption was registered in Belgium (2,072 units per million persons), followed by Finland (993 units per million persons), Greece (713 units per million persons) and Austria (540 units per million persons), while the world average per capita consumption of wheeled loader was estimated at 248 units per million persons.

In Belgium, wheeled loader per capita consumption remained relatively stable over the period from 2013-2024. In the other countries, the average annual rates were as follows: Finland (+2.6% per year) and Greece (+26.7% per year).

Wheeled loader production rose remarkably to 117K units in 2024, with an increase of 9.5% against the previous year. The total output volume increased at an average annual rate of +2.9% from 2013 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when the production volume increased by 13%. The volume of production peaked in 2024 and is expected to retain growth in years to come.

In value terms, wheeled loader production reached $4.6B in 2024 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 25%. Over the period under review, production reached the peak level at $4.6B in 2022; afterwards, it flattened through to 2024.

The country with the largest volume of wheeled loader production was Belgium (35K units), comprising approx. 29% of total volume. Moreover, wheeled loader production in Belgium exceeded the figures recorded by the second-largest producer, Sweden (16K units), twofold. The third position in this ranking was held by Denmark (15K units), with a 13% share.

From 2013 to 2024, the average annual growth rate of volume in Belgium was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Sweden (0.0% per year) and Denmark (+61.0% per year).

Wheeled loader imports reduced markedly to 128K units in 2024, waning by -29.1% against 2023. Overall, imports, however, continue to indicate a tangible expansion. The pace of growth appeared the most rapid in 2022 when imports increased by 80% against the previous year. As a result, imports attained the peak of 181K units. From 2023 to 2024, the growth of imports failed to regain momentum.

In value terms, wheeled loader imports fell rapidly to $4.5B in 2024. Over the period under review, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2023 when imports increased by 26% against the previous year. As a result, imports reached the peak of $5.4B, and then declined markedly in the following year.

In 2024, the Netherlands (38K units) was the key importer of wheeled loaders, crawler shovel loaders, front-end loaders, creating 30% of total imports. Spain (15K units) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Poland (9.4%), Germany (7.7%), France (7.2%), Belgium (6.5%), Greece (5.2%) and Italy (4.8%). Slovakia (3.5K units) followed a long way behind the leaders.

Imports into the Netherlands increased at an average annual rate of +16.6% from 2013 to 2024. At the same time, Greece (+29.9%), Spain (+26.6%), Slovakia (+22.9%), Poland (+11.4%), Italy (+9.1%) and Belgium (+3.3%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing importer imported in the European Union, with a CAGR of +29.9% from 2013-2024. By contrast, Germany (-2.6%) and France (-13.4%) illustrated a downward trend over the same period. While the share of the Netherlands (+22 p.p.), Spain (+11 p.p.), Poland (+5.7 p.p.), Greece (+4.8 p.p.), Italy (+2.4 p.p.) and Slovakia (+2.4 p.p.) increased significantly in terms of the total imports from 2013-2024, the share of Germany (-5.7 p.p.) and France (-38.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($698M), Belgium ($575M) and the Netherlands ($420M) were the countries with the highest levels of imports in 2024, together comprising 37% of total imports. France, Italy, Greece, Spain, Poland and Slovakia lagged somewhat behind, together accounting for a further 39%.

In terms of the main importing countries, Greece, with a CAGR of +38.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

In 2024, the import price in the European Union amounted to $35 thousand per unit, surging by 17% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2014 when the import price increased by 59%. The level of import peaked at $39 thousand per unit in 2021; however, from 2022 to 2024, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($70 thousand per unit), while the Netherlands ($11 thousand per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by France (+16.0%), while the other leaders experienced more modest paces of growth.

In 2024, the amount of wheeled loaders, crawler shovel loaders, front-end loaders exported in the European Union skyrocketed to 135K units, jumping by 34% compared with the previous year's figure. Total exports indicated a noticeable expansion from 2013 to 2024: its volume increased at an average annual rate of +4.1% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +67.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wheeled loader exports contracted modestly to $5.2B in 2024. Total exports indicated a temperate expansion from 2013 to 2024: its value increased at an average annual rate of +4.8% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +104.0% against 2016 indices. The growth pace was the most rapid in 2023 with an increase of 29% against the previous year. As a result, the exports attained the peak of $5.3B, and then contracted modestly in the following year.

In 2024, the Netherlands (33K units), distantly followed by Belgium (19K units), Sweden (17K units), Germany (15K units), Denmark (14K units), the Czech Republic (14K units) and Italy (6.4K units) represented the main exporters of wheeled loaders, crawler shovel loaders, front-end loaders, together making up 88% of total exports.

From 2013 to 2024, the biggest increases were recorded for Sweden (with a CAGR of +52.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($1.4B), Germany ($966M) and the Czech Republic ($535M) appeared to be the countries with the highest levels of exports in 2024, together comprising 56% of total exports.

In terms of the main exporting countries, the Czech Republic, with a CAGR of +12.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

The export price in the European Union stood at $38 thousand per unit in 2024, shrinking by -27.7% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 26% against the previous year. Over the period under review, the export prices attained the maximum at $53 thousand per unit in 2023, and then contracted notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($73 thousand per unit), while Sweden ($138 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Italy (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wheeled loader market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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