Volvo CE recently engaged David Zach and Glen Hiemstra, known for their work with dozens of innovative fortune 500 companies, to provide expert forecasts on where the industrial industries may be headed.
According to data specialist Off-Highway Research, the global market for wheeled loaders reached almost 200,000 unit sales last year. Though these machines may move the Earth, the pace at which they are evolving is moving at different speeds around the world, as different markets have distinct requirements.
The European wheeled loader market is relatively buoyant, according to specialist market research and forecasting company Off-Highway Research, with sales of machines over 60kW currently running at just above 10,000 units per year in Western Europe – the best demand has been since the global financial crisis a decade ago.
This puts the value of the market at some US$2.15 billion (€1.9 billion).
Within Europe, the major markets are largely what one would expect – Germany accounts for some 25% of demand and, together with France, Italy and the UK, these big four represent about 60% of regional sales. Continue reading “Wheeled loaders: A healthy load”
Volvo Construction Equipment (Volvo CE) has revealed that, by mid-2020, it will begin to launch a range of electric compact excavators (EC15 to EC27) and wheeled loaders (L20 to L28) and stop new diesel engine-based development of these models.
The company said that the move was being made following a positive reaction from the market after the successful unveiling of a number of concept machines in recent years, and by working closely with customers.
Earthmoving equipment is a staple of the construction industry, with a whole host of different machinery being used on earthmoving projects. This feature focuses specifically on excavators, rollers, backhoe loaders and the machine control used on these machines.
The world’s biggest original equipment manufacturer for the construction industry by sales revenue, Caterpillar, has recently launched two new 30 ton (27.2 tonne) next generation excavators – the 330 and 330 GC.