Pune, India, August 2025 — According to the latest report by Straits Research, the global compact loaders market size was valued at USD 28.12 billion in 2023 and is projected to grow from USD 29.18 billion in 2024 to USD 39.27 billion by 2032, exhibiting a CAGR of 3.78% during the forecast period (2024–2032).
Compact loaders, known for their small size, high mobility, and versatility, are increasingly being adopted across construction, landscaping, agriculture, and material handling industries. These machines are equipped with front-mounted buckets and various attachments, making them essential for digging, lifting, grading, and transporting materials — particularly in urban projects with limited space.
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Regional Insights
- Asia-Pacific (Dominant Market | CAGR: 4.6%)
The largest market, fueled by rapid urbanization, infrastructure spending, agriculture, and mining activities. - North America (Fastest-Growing Market | CAGR: 4.8%)
Growth driven by urban redevelopment, agriculture, and landscaping projects, along with the presence of major industry players. - Europe
Strong focus on sustainability and energy-efficient construction equipment, although growth was briefly impacted by COVID-19-related construction delays.
Market Segmentation
By Type:
- Wheeled (largest share)
- Tracked (preferred for rough terrains)
By Application:
- Construction (leading segment)
- Landscape & Maintenance
- Agriculture & Forestry
- Mining
- Others
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Key Players in Compact Loaders Market
- Doosan Corporation
- Komatsu Ltd.
- Deere and Company
- Caterpillar Inc.
- Volvo Construction Equipment
- Wacker Neuson Group
- Xuzhou Construction Machinery Group Co. Ltd.
- Kubota Corporation
- CNH Industrial N.V.
- Hitachi Construction Machinery Co. Ltd.
- Sany Heavy Industry Co., Ltd.
- Liebherr Group
- Yanmar Holding Co. Ltd.
- Takeuchi Mfg. Co, Ltd.
About Straits Research
Straits Research is a global market intelligence and consulting firm, providing actionable insights and industry forecasts across multiple sectors. Our reports empower businesses to make data-driven decisions and stay ahead in competitive markets.
