Low Clearance Loaders Market: Introduction
Low clearance loaders are compact loaders used in restrictive areas where conventional manned loaders cannot be operated. In underground mining locations, large loaders movement and operation is restricted due to the presence of confined spaces. Low clearance loaders are used in such locations as they can be easily maneuvered and remotely operated. Low clearance loaders are used for various activities like conveyor cleaning, culvert cleaning, building defensive berms, push blasted ore, military missions, removal of spillage, cleaning slopes after blasting, removal of materials and carrying ores and minerals out of underground mining locations. Low clearance loaders can be customized on the basis of operating permits of the mining location where the equipment will be used. Due to their compact nature and low profile clearance, low clearance loaders have significant demand in the mining, military and metallurgical applications.
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Low Clearance Loaders Market: Dynamics
Low clearance loaders are a substitute to conventional loaders in confined spaces due to their low clearance profile. The growth in mining and metallurgy industries is expected to create a great demand for low clearance loaders. Mining industry has witnessed stable growth over the past couple of years after the industry downtrend at the start of decade. With the increase in commodity prices, mining activities are set to gain pace, which will drive the low clearance loaders market over the forecast period. Metal ores have a huge demand across the agriculture, construction, communication, manufacturing, transportation, metals manufacturing and utilities and industry. Many high-tech companies depend on rare earth metals, such as iron, copper, and other earth commodities. This will impact the mining and metallurgy industries and thereby creating a huge demand for low clearance loaders.
Environmental concerns in developed countries has led to decrease in coal mining in respective countries. However, a large number of developing countries still rely on coal mining for economic growth which is expected to create a huge demand for low clearance loaders market over the forecast period.
Electric run low clearance loaders have great demand used across industries given their environmental footprint. They also have lesser emissions, making the mining caves less polluted for the workforce. The cost of operating electric low clearance loaders is high compared to diesel run low clearance loaders, which is expected to hamper the growth of electric low clearance loaders.
Rising inflation and cost of raw materials is increasing the cost of manufacturing, which may hinder the growth of the low clearance loaders market. However, increasing mining activities and commodity prices around the world will drive the low clearance loaders market over the forecast period
Low Clearance Loaders: Market Segmentation
On the basis of industry, the global low clearance loaders market has been segmented as:
- Metallurgy and others
On the basis of type, the global low clearance loaders market has been segmented as:
- Electric low clearance loaders
- Diesel low clearance loaders
On the basis of capacity, the global low clearance loaders market has been segmented as:
- Less than 5 metric tons
- 5- 10 metric tons
- Above 10 metric tons
Low Clearance LoadersMarket: Regional Overview
Latin America is one of the mining heavy regions in the world. With mining industry being the main economic driver in the countries like Venezuela, Chile, Peru and Brazil, the region is expected to witness major growth in the low clearance loaders market over the forecast period. Growing economies like China & India are witnessing rapid urbanization and industrialization, which is set to create huge demand for metal ores, driving the low clearance loaders market. Australia and other Asia-Pacific countries are expected to register huge growth in coal and mining activities in the region. This is expected to drive the low clearance loaders market in the Asia- pacific region. North America and Europe are expected to register moderate growth in the low clearance loaders market while Japan is expected to register a very low growth rate over the forecast period.
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Global Low Clearance LoadersMarket: Key Players
Examples of some of the market participants in the global low clearance loadersmarket identified across the value chain include:
- HLS HARD-LINE SOLUTIONS INC
- Sandvik AB
- Epiroc Mining India Limited
- Eimco Elecon (India) Limited
- Toro Australia
- KMW LTD