Increasing number of construction projects especially in the developing economies have been contributing significantly towards growth of the market for compact wheel loaders across the globe. Adoption of advanced technology on a larger basis is likely to create lucrative growth opportunities for the global market in the forthcoming years. Growing initiatives by the government with regards to boosting infrastructure, leading to massive increase in construction activities, which in turn has been driving the production sales of compact wheel loaders.
A recent report anticipates that the market for compact wheel loaders will raise at a sluggish 2.5% CAGR over the forecast period, 2017-2026, for reaching an evaluation of more than US$ 314Mn by 2026-end. Companies namely Wacker Neuson SE, Deere & Company, XCMG, Volvo Construction Equipment and Services, Inc., Yanmar Co., ltd, CNH Industrial and Kubota Corp. amongst others will be witnessing a rapid growth across the globe. Leading players and manufacturers are scheming to concentrate on the marketing strategies such as product innovations and advancements along with expansion of their product portfolio.
Deere & Company Launches Brand New Compact Wheel Loader
Deere & Company launches a new compact wheel loader, namely John Deere 344L, which offers peak productivity for the purpose of construction, landscaping, Ag material handling and snow removal consumers year-round. Key players and manufacturers must note that the new compact wheel loader, John Deere 344L is mainly developed for helping the operators with the work in fields. According to Deere & Company, the operating costs have been significantly reduced due to the propriety shift logic, which helps in utilizing better retaining material along with decreased operator fatigue and smooth shifts.
Holistic Features of John Deere 344L
The focal point is that John Deere 344L is a nimble and quick machine, which is optimized for the purpose of handling tight turns, thereby maintaining heavy loads and helping the customers to concentrate on the task without any distractions from the part of machines. This new machine holds faster travel speed along with the smooth auto shift technology and is highly beneficial for large scale projects for the purpose of snow removal or traverse.
Apart from all of this, the new compact wheel loader has a special feature, which is a system called as Articulation Plus steering. This feature in John Deere 344L enables the operators in lifting up comparatively more during turns, which in turn leads to competitive machines. The product has an improved stability, additional lifting capacity and tighter turning radius, which is provided by the articulated frame that the new compact wheel loader possesses.
Wacker Neuson SA Signs an Agreement with IBS (Industrial Building Supplies & Plant Hire)
Wacker Neuson SA lately entered in an exclusive alliance agreement with IBS (Industrial Building Supplies & Plant Hire) of Namibia. This agreement is for the purpose of equipment supply to Namibia, thereby increasing the demand supply of light construction as well as compact equipment. Besides, the agreement also stimulates the market in Namibia as well as the customers to purchase branded and high-quality products at a highly competitive cost.
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