Backhoe Loaders Market size shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
Back hoe loaders are also known as loader backhoe or diggers. A blackhoe digger is a versatile machine that combines trenching, excavating, loading, lifting and material handling all in one equipment. It is made up of three construction equipment; backhoe, loader and a tractor.
The tractor is the base of the backhoe loader which enables it to move over different kinds of rough ground. It has a powerful engine, rugged strong tires and cabs with steering control tools. Cabs are either open or closed to enhance safety and protection to the user. The loader is found at the back part. It has capabilities like picking up and carrying big amounts of loose material. It can also be used to smoothen out surfaces. The backhoe is the main part of the backhoe loader and it is found at the front. It digs up hard compact earth material and lifts heavy loads. It has three parts; stick, boom and bucket.
Backhoe loaders are used in digging so as to lay pipes, underground cables, prepare building foundations and create drainage systems. Backhoe loaders are applied in construction of roads, railways, ports, highways and even in demolition of buildings. They help save time as they are 3in1 equipments and they perform hard jobs efficiently.
Backhoe Loaders Market Growth and Trends
• Small scale manufacturing anticipates to optimally driven the potential market for backhoe loaders in the long run.
• Backhoe loaders find an immense usage in the construction networks.
• Moreover, population expansion and people willing to spend on their mechanical equipment fuels the demand for backhoe loaders market in the next few years.
• In addition to the above, several government initiatives and policies in both developed and developing nations in terms of road and pathways construction, building transportation systems such as airways, seaports etc. may peak up the forthcoming market for backhoe loaders.
• Most of the multinationals and corporates invest massive amounts in natural gas transmission networks.
• Finally, a peaking up building and subsequent installation of dams and canals and other power projects may result in an upsurge in demand for backhoe loaders market.
Challenges to Backhoe Loaders Market
Apart from key factors to grow the scope of backhoe loaders market, here are some constraints to limit its future development:
• Backhoe loaders usually have a high maintenance expenditure which may downgrade its future market in the forecast period.
Backhoe Loaders Market Regional Analysis
Globally, the Asia Pacific region has the largest market share for backhoe loaders due to rampant urbanization and growth of infrastructure in the region. It is anticipated that the market share for this equipment in Europe and North America will go up due to increased investments in the infrastructure and construction sectors in both regions. Some of the companies that are fueling the growth for the backhoe market in the world are Volvo Construction Equipment, Terex Corporation, Mahindra Construction Equipment, Shandong Lingong Construction Machinery Co. Ltd, Komatsu Europe International N.V, and Action Construction Equipment Ltd. These companies combined account for about 25%-30% of the global share market.
Backhoe Loaders Market Share and Competition
Key companies operating in this industry are: Action Construction Equipment Ltd., Bobcat Company.
Caterpillar, CNH Industrial America LLC, Doosan Corporation., Escorts Limited., Hitachi, Ltd., Hydrema, JCB, Komatsu Europe International N.V., Mahindra Construction Equipment Shandong Lingong Construction Machinery Co. Ltd., Terex Corporation, and Volvo Construction Equipment.
Backhoe Loaders Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Type Analysis (Revenue, USD Million, 2020 - 2027)
• Center Pivot
• Side shift
Engine Power Analysis (Revenue, USD Million, 2020 - 2027)
• Under 80 HP
• 80-100 HP
• Over 100 HP
Distribution Channel Analysis (Revenue, USD Million, 2020 - 2027)
• Direct sale (OEM)
• Indirect sales
Digging Depth Analysis (Revenue, USD Million, 2020 - 2027)
• Under 10 Feet
• 10-15 Feet
• Over 15 Feet
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Construction
• Agriculture
• Small demolitions
• Mining
• Transportation of building materials
• Digging holes/excavation
• Powering building equipment
• Breaking asphalt
• Others
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Backhoe Loaders Market Companies
• Action Construction Equipment Ltd.
• Bobcat Company.
• Caterpillar
• CNH Industrial America LLC
• Doosan Corporation.
• Escorts Limited.
• Hitachi, Ltd.
• Hydrema
• JCB
• Komatsu Europe International N.V.
• Mahindra Construction Equipment
• Shandong Lingong Construction Machinery Co. Ltd.
• Terex Corporation
• Volvo Construction Equipment
Available Versions: -
United States Backhoe Loaders Market Research Report
Europe Backhoe Loaders Market Research Report
Asia Pacific Backhoe Loaders Market Research Report
India Backhoe Loaders Market Research Report
