Loader Market Projected To Raise At USD 20.24 Billion By 2027
San Francisco, 22 Dec 2020: The Report Loader Market Size, Share & Trends Analysis Report By Product Type (Backhoe, Skid Steer, Crawler, Wheeled), By Engine Type (Up To 250 HP, 250 - 500 HP, More Than 500 HP), By Region, And Segment Forecasts, 2020 - 2027 The global loader market size is expected to reach USD 20.24 billion by 2027, expanding at a CAGR of 3.4% from 2020 to 2027, according to a new report by Grand View Research, Inc. The substantial growth owing to increased government spending on projects to develop public infrastructure would increase the demand for earthmoving equipment, including loaders. Moreover, increasing demand for construction equipment rental, especially in developed regions, such as North America and Europe, would further increase the demand. The loader is one of the essential equipment predominantly used at any construction site. These equipment are used for conducting a number of construction activities, including demolition, renovation, building