Market Overview:
The global low profile LHDs market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for low profile LHDs in mining, quarrying, and construction applications. Additionally, the growing demand for electric-powered low profile LHDs is also contributing to the growth of this market. However, factors such as high initial cost and lack of awareness about these vehicles are restraining the growth of this market. On the basis of type, diesel-powered low profile LHDs held a major share in 2017 and are expected to continue its dominance during the forecast period.
Product Definition:
Low Profile Left Hand Drills (LHDs) are drills that have a low profile, which allows them to fit into tight spaces. Low profile LHDs are important because they allow users to access hard-to-reach places and perform tasks in confined areas.
Diesel:
Diesel is a type of fuel used for internal combustion engines. It is produced by the reaction between fossil fuels and liquid deoxygenated petrochemicals. The most common types of diesel are Diesel Oil (DO), distillate fuel, and residual fuel.
Electric:
Electric and it's usage in Low Profile LHDs market is a new term which came into existence only after the Wright Flyer was successfully tested at Kitty Hawk. The first powered flight was achieved by Orville Wright in December 1903. Since then, this technology has evolved significantly to cater to different requirements of aircraft manufacturing.
The electric motor acts as a prime mover for the flight control system of an aircraft.
Application Insights:
The global low profile LHDs market has been segmented on the basis of application into mining, quarrying, and construction. The mining application segment accounted for a major share in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing demand from emerging economies such as India, China, Brazil for coal and metal ores.
The diesel-powered variants are widely used in the construction industry owing to their ability to provide high torque at a relatively lower speed compared with electric variants. These hydraulic excavators offer increased power density which results in reduced excavation time as well as cost savings during project execution.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to rising investments in infrastructure development, coupled with increasing industrial activities across emerging economies of China, India, Indonesia and Vietnam. Rising demand for consumer goods along with growing manufacturing sector will also drive product demand over the next eight years.
Europe accounted for a significant share of revenue in 2017 owing to stringent emission norms implemented by various governments across European countries. These norms have forced manufacturers operating within Europe's mining industry to adopt low-emission technologies such as LHDs which are likely to boost regional market growth during the forecast period.
Growth Factors:
- Increasing demand for low profile LHDs from the construction and mining industries as they offer superior performance and productivity as compared to traditional excavators.
- Growing popularity of articulated LHDs among end-users due to their ability to maneuver in tight spaces, which is especially beneficial in congested urban areas.
- Rising investments by construction companies in mechanization and automation technologies to improve efficiency and reduce costs. This is expected to boost the demand for low profile LHDs over the next few years.
- Proliferation of rental services for low profile LHDs, which is resulting in an increase in their utilization across various sectors such as construction, mining, etcetera . This is helping fuel market growth globally . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Profile LHDs Market Research Report
By Type
Diesel, Electric
By Application
Mining, Quarrying, Construction
By Companies
GHH Fahrzeuge, Sandvik, Atlas Copco, Fermel, Nippon Pneumatic, Caterpillar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Low Profile LHDs Market Report Segments:
The global Low Profile LHDs market is segmented on the basis of:
Types
Diesel, Electric
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mining, Quarrying, Construction
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GHH Fahrzeuge
- Sandvik
- Atlas Copco
- Fermel
- Nippon Pneumatic
- Caterpillar
Highlights of The Low Profile LHDs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Diesel
- Electric
- By Application:
- Mining
- Quarrying
- Construction
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Low Profile LHDs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Low Profile LHDs are a type of car that have a lower profile than other types of cars. This means that the low profile LHD is easier to park and maneuver in tight spaces.
Some of the major companies in the low profile lhds market are GHH Fahrzeuge, Sandvik, Atlas Copco, Fermel, Nippon Pneumatic, Caterpillar.
The low profile lhds market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Low Profile LHDs Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Low Profile LHDs Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Low Profile LHDs Market - Supply Chain
4.5. Global Low Profile LHDs Market Forecast
4.5.1. Low Profile LHDs Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Low Profile LHDs Market Size (000 Units) and Y-o-Y Growth
4.5.3. Low Profile LHDs Market Absolute $ Opportunity
5. Global Low Profile LHDs Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Low Profile LHDs Market Size and Volume Forecast by Type
5.3.1. Diesel
5.3.2. Electric
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Low Profile LHDs Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Low Profile LHDs Market Size and Volume Forecast by Application
6.3.1. Mining
6.3.2. Quarrying
6.3.3. Construction
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Low Profile LHDs Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Low Profile LHDs Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Low Profile LHDs Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Low Profile LHDs Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Low Profile LHDs Demand Share Forecast, 2019-2026
9. North America Low Profile LHDs Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Low Profile LHDs Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Low Profile LHDs Market Size and Volume Forecast by Application
9.4.1. Mining
9.4.2. Quarrying
9.4.3. Construction
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Low Profile LHDs Market Size and Volume Forecast by Type
9.7.1. Diesel
9.7.2. Electric
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Low Profile LHDs Demand Share Forecast, 2019-2026
10. Latin America Low Profile LHDs Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Low Profile LHDs Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Low Profile LHDs Market Size and Volume Forecast by Application
10.4.1. Mining
10.4.2. Quarrying
10.4.3. Construction
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Low Profile LHDs Market Size and Volume Forecast by Type
10.7.1. Diesel
10.7.2. Electric
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Low Profile LHDs Demand Share Forecast, 2019-2026
11. Europe Low Profile LHDs Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Low Profile LHDs Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Low Profile LHDs Market Size and Volume Forecast by Application
11.4.1. Mining
11.4.2. Quarrying
11.4.3. Construction
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Low Profile LHDs Market Size and Volume Forecast by Type
11.7.1. Diesel
11.7.2. Electric
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Low Profile LHDs Demand Share, 2019-2026
12. Asia Pacific Low Profile LHDs Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Low Profile LHDs Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Low Profile LHDs Market Size and Volume Forecast by Application
12.4.1. Mining
12.4.2. Quarrying
12.4.3. Construction
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Low Profile LHDs Market Size and Volume Forecast by Type
12.7.1. Diesel
12.7.2. Electric
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Low Profile LHDs Demand Share, 2019-2026
13. Middle East & Africa Low Profile LHDs Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Low Profile LHDs Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Low Profile LHDs Market Size and Volume Forecast by Application
13.4.1. Mining
13.4.2. Quarrying
13.4.3. Construction
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Low Profile LHDs Market Size and Volume Forecast by Type
13.7.1. Diesel
13.7.2. Electric
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Low Profile LHDs Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Low Profile LHDs Market: Market Share Analysis
14.2. Low Profile LHDs Distributors and Customers
14.3. Low Profile LHDs Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GHH Fahrzeuge
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sandvik
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Atlas Copco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fermel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nippon Pneumatic
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Caterpillar
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
