Best-Selling Wheel Loaders in 2023
Wheel Loaders are frequently used in the construction industry for performing many industrial operations. These versatile machines can lift and carry heavy materials like debris, soil, gravel, etc. across the work site effortlessly. Many world-renowned brands like Caterpillar Inc. (CAT), Deere, Komatsu, Kubota, and CASE rank as the market giants when it comes to producing top-quality and best-selling wheel loaders in the recent past. The regions where this heavy machinery has ranked as the most demanding equipment in the last 18-20 months are Asia-Pacific, Africa, North America, Latin America, the Middle East, and Europe region.
However, this construction equipment’s demand has seen a decline in the past 18-20 months. As per authentic reports, the new wheel loader sales dropped up to 10% less in the last 6 quarters. The used front loader sellers also saw a decline of 15% in this heavy equipment’s sales in the same time period. Let’s find out which have been the best-selling wheel loaders in the last 1.5 years.
Brand-New Wheel Loaders Sold between Jan’22 to Jul’23
Deere 544 P-Tier has the best-selling wheel loader for sale with the maximum number of units sold between January 2022 and July 2023. Deere’s bucket loader became No. 1 with 401 brand-new units sold in the past 1.5 years. Deere 624 P-Tier with 380 units and Komatsu WA270-8 with 364 units achieved second and third position in the best-sellers list. Moreover, Kubota R640 and Komatsu WA320-8 made it to the top 5 selling wheel loaders with 301 units for the fourth spot and 272 units for the fifth spot respectively. Deere, Komatsu, and Kubota achieved the top-seller ranks in the front loaders category in the past 18-19 months.
Caterpillar Inc. also made it to the best-sellers list with some of its powerful wheel loaders and also secured the biggest market share of brand-new sold units with 22.4%. Deere with the top 2 selling units 544 P-Tier and 624 P-Tier got the second largest share of 21%. Moreover, Komatsu with some of their most demanding bucket loaders achieved the third biggest market share of 12.4%. These numeric values are extracted from Equipment World’s Brand-New Wheel Loaders Sold Table of 2023.
Used Wheel Loaders Sold between Jan’22 to Jul’23
The world’s most popular heavy equipment manufacturers CAT, Komatsu, and CASE made it to the top 5 sellers in the used wheel loaders category. CASE 321F has been the most demanding used bucket loader with 340 units sold between January 2022 and July 2023. CAT 926M with 164 units and CASE 621G with 159 units secured second and third spots respectively. Moreover, Komatsu WA270-8 with 150 units and CASE 521G with 146 units achieved fourth and fifth positions respectively in the used wheel loaders sold items list.
Similar to the new loaders market, Caterpillar Inc. captured the biggest share in the used wheel loaders sold category with 28.5%. Deere also made it to the largest used front loaders market shareholders with some of its incredible heavy machinery. Deere secured the second spot with the next biggest share of 22.9% while CASE with 14.7% came third in the sold used bucket loaders market. This data is taken from Equipment World’s Used Wheel Loaders Report for The Year 2023.
Wheel Loaders Sold at Auction between Jan’22 to Aug’23
In total, 358 front loaders found buyers at the various auctions held around the globe between January 2022 and August 2023. The average selling price of this heavy machinery at the auction was $99,747. The top-heavy equipment manufacturers CAT, Deere, and Komatsu made it to the auction 20 best sellers list in the last 20 months. Out of the 20 highest bids, 18 belong to Caterpillar Inc., while the other 2 bids belong to Deere and Komatsu.
CAT 966M 2021 model with 2188 hours running sold for the highest bid of $400,000 in the Orlando auction. CAT 980M 2019 model with 7,836 hours running sold out at the second highest bid of $315,000 in Atlanta. Moreover, the 2018 Deere 944K wheel loader with 8941 hours running sold out at the Montgomery auction for the third-highest bid of $290,000. Similarly, this numerical data is also extracted from Equipment World.
Variation in Used Wheel Loader Prices
Wheel loaders help the contractors in completing several heavy-duty applications. These powerful machines are ideal for landscaping, material handling, and agricultural tasks and that’s why they have been always in demand. However, the prices of the used bucket loaders increased by 10.1% from August 2022 to July 2023 affecting their annual sales. The heavy equipment’s average price was $137,465 last year in July 2022 which jumped significantly in the next 12 months and was recorded at $151,367 in July 2023. As per Equipment Watch’s Used Wheel Loaders Prices Trend, the font loader’s price saw a massive increase of 6.5% in October 2022 and again an increase of 2.9% this year in February 2023. Moreover, the average age of used bucket loaders fell down from 8.8 years to 8.3 years between August 2022 to July 2023.
Summary
Wheel loaders have been one of the best-selling heavy equipment in the last few years. The sales of this powerful industrial machinery in both brand-new and used items categories might have decreased in the last 18-20 months, but this bucket loader is still in high demand in various developing regions like Asia-Pacific, North America, the Middle East, and a few others. Additionally, CAT, Deere, Komatsu, Kubota, and CASE have been among the best-selling wheel loader manufacturers in the last 1.5 years. With the construction industry growing rapidly around the world, these front loaders will remain in high demand in the coming years and we can expect an increase in their sales in the next 5 to 6 years.
