Loader Bucket Market Intelligence Report Offers Growth Prospects By 2022 to 2029, Get Insights FMI

Loader buckets have been used as an attachment in material handling equipment to load the debris of solid materials from the generated site towards other places or loading in the transporting vehicles. The loader bucket market will reach US$ 3 Bn in 2022 and see a promising CAGR over the forecast period (2022 – 2029). The APAC (Asia Pacific) loader bucket market is expected to showcase fastest growth, majorly attributed to surging infrastructure activities in China, and India.

The market’s growth would be directly dependent on the mining and construction industries, which are expected to grow at a rate of 3 – 4 percent, respectively. Nonetheless, the market is expected to see a significant increase in demand from the waste recycling and management sector. Loader buckets are increasingly being used in these industries, with demand being driven by off-road heavy vehicles used in waste management and recycling, construction, and mining.

Growing environmental concerns are encouraging consumers to recycle and manage their waste. Recycling and waste management initiatives are critical in addressing environmental issues. Material handling equipment is essential for landfilling and other related activities. The combined efforts of the public and private sectors are expected to result in waste management success.

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Loader Bucket Market Key Takeaways

  • With healthy investments and implementation of construction projects undertaken by public and private sectors, global material handling equipment fleet and subsequent sales are expected to augment, including the sales of associated accessories and components such as bucket loaders.
  • According to the United Nations, for sustainable development, Asia Pacific would need about US$ 1.5 Tn spending on infrastructural investment, which is equivalent to 5% of the region’s GDP in 2018.
  • Observing the trends in the mining sector, it has been inferred that demand for loader buckets is expected to be generated mainly from surface/open pit mining for ferrous minerals and coal, with the Americas and Asia Pacific being major mining hubs.
  • General purpose buckets are the most recognizable loader buckets as they are capable of accomplishing versatile tasks such as dredging, mining, demolition, excavation, landscaping, landfilling, grading, and heavy lifting in harsh environments. This configuration is estimated to capture almost one-third of the global loader bucket market share.
  • Since waste management has strong linkage to many global challenges, the incorporation of waste recycling facilities in many countries such as the U.S., Germany, South Korea, and China has increased, in turn, creating substantial market space for loader buckets.

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Construction and mining sectors at present are the chief employers of bucket loaders. However, the market will witness a significant impetus from waste management sector in the near future.

The loader bucket market is estimated to be a fairly consolidated market, where market players such as Komatsu Ltd., Caterpillar Inc., and Deere & Company are expected to continue witnessing strong sales order inflow and retain their dominance throughout the forecast period.

Brief Synopsis

The construction industry is playing a pivotal role in the loader bucket market and is expected to bag high volume orders of loader buckets in the global market. Though the mining industry is in a recovery phase in Europe, the region is expected to demonstrate moderate growth in the loader bucket market, backed by favorable end-use industry dynamics and increasing concerns towards waste management. Manufacturers of loader buckets are aiming to offer low lifecycle cost and durable loader buckets.

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Loader Buckets Market by Category

By Capacity :

  • Below 1 yd3
  • Between 1 yd3 to 5 yd3
  • Above 5 yd3

By Bucket :

  • General Purpose Buckets
  • Light Material Buckets
  • Heavy Duty Buckets
  • Multi-purpose Buckets

By Loader :

  • Excavators
  • Wheeled Backhoes
  • Wheeled Loaders
  • Skid Steer Loaders
  • Others

By Application :

  • Rock
  • Woodchip
  • Coal
  • Sand & Gravel
  • Waste Handling
  • High Dump

By Fit Type :

  • First Fit
  • Re-Fit

By End Use :

  • Construction
  • Mining
  • Waste Management & Recycling

By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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