Hook loader is a hydraulic or pneumatic controlled mechanism mounted at the backside of a load carrying heavy duty vehicle. Hook loaders generally find applications for transportation purposes especially in waste management, construction and municipal sector. Demand for hook loader is anticipated to grow during the forecast period owing to increasing municipal waste. Rapid urbanization rate, growing population, and changing lifestyle has led to an increase in municipal sewage waste. According to the World Bank, the world generates 2 billion Tonnes of municipal solid waste annually and is expected to grow to 3.4 billion Tonnes by 2050. As a result, governments of several countries have increased share of waste management into their annual budget allocation. Thus, the increase in the municipal sewage waste will accelerate the sales of garbage trucks which will subsequently increase demand for hook loaders as these trucks are equipped with the hook loaders to load and unload the containers. However, the global outbreak of coronavirus is expected to impact significantly to the global hook loader market as the ongoing economic slowdown is poised to hamper the supply and demand eco system in the industry. Which can influence the growth of hook loader market in near future.
COVID-19’s Impact on the Global Hook Loader Market
The operations and supply chain of hook loader market has been hit due to the lockdown imposed by several governments to battle with COVID-19 pandemic. Finished stocks of hook loader are stuck in the inventories and are waiting to be shipped for deliveries as soon as the shutdown is lifted worldwide. Also, the maintenance and service has been impacted badly due to unavailability of staff. The market is poised to remain stagnant in majority of regions till this pandemic ends. Due to the restrictions by governments on operations of majority of industries like transport, manufacturing industries of non-essentials etc.; there is no demand for hook loader. However, a quick and steady recovery can be expected over the forecast duration as soon as the pandemic effects fade away from the economies.
Hook Loader Market: Market Segmentation
For a better understanding, global hook loader market is being studied under load carrying capacity, movement, control system, end use & Region.
Based on the load carrying capacity, the hook loader market can be segmented as:
- Up to 10 tonnes
- 10 to 20 tonnes
- 20 to 30 tonnes
- Above 30 tonnes
Based on the movement, the hook loader market can be segmented as:
Based on the control system, the hook loader market can be segmented as:
Based on the end use, the hook loader market can be segmented as:
- Municipal Sector
- Construction Industry
- Manufacturing Industry
- Logistics Industry
Based on the region, the hook loader market can be segmented as:
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa (MEA)
North America and Europe to Lead the Global Hook Loader Market Revenue Chart
Developed regions such as North America and Europe are expected to lead the hook loader market in terms of consumption. This is attributed to high spending on waste management equipment by the municipal corporations in these regions. However, the developing countries in Asia Pacific such as China and India are expected to witness fastest growth in the global hook loader market due to increasing economic situation of the region. However, the outbreak of the coronavirus has put some barriers on the hook loader market such as disturbed supply chain and insufficient inventory which has caused latency in the market which may hamper growth of the market in near terms.
The Hook Loader Market Competitive Landscape
The global hook loader market is highly consolidated and competitive in nature. Leading players are focusing on business expansion through mergers and acquisitions. For instance, in June 2019, one of the leading hook loader manufacturers Hyva merged its Southern Africa business with another player Lift & Shift (South Africa) to create new sales avenues in the region. Some of the other leading players in the global hook loader market are SwapLoader USA Ltd., Stellar Industries, Palfinger, Multifit, Galbreath, Marrel Corporation, and Deist Industries Inc.
The research report presents a comprehensive assessment of the hook loader market and contains deep insights, facts, historical and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to hook loader market segments such as by hook loader unit, power source, end use & region.
The Hook Loader Market report covers exhaustive analysis on:
- Hook Loader Market Segments
- Hook Loader Market Dynamics
- Hook Loader Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis for Hook Loader Market includes:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of Latin America)
- Europe (EU-4, BENELUX, Nordic, U.K., Eastern Europe, Rest of Europe)
- East Asia (China, Japan & South Korea)
- South Asia (India, Malaysia, Thailand, Indonesia & rest of South Asia)
- Oceania (Australia & New Zealand)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa, Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on hook loader market segments and geographies.
- Detailed overview of parent market
- Changing hook loader market dynamics in the industry
- In-depth hook loader market segmentation
- Historical, current and projected hook loader market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key hook loader players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on hook loader market performance
- Must-have information for hook loader market players to sustain and enhance their market footprint.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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