Backhoe Loaders Market: Backhoe Loaders with 80-100 Horsepower of Engine to Gain Maximum Traction
According to the new report by Fact.MR, the global backhoe loaders market is likely to see steady growth. The market is projected to grow at a CAGR of 5.2%, in terms of volume between 2017 and 2026. While, by 2026 end, the global market for backhoe loaders is projected to reach US$ 3,557.1 million revenue.
[ClickPress, Wed Jun 12 2019] Significant growth in the construction sector is driving the demand for backhoe loaders. Manufacturers are focusing largely on improving the control system that makes backhoe loader easyto-use. Manufacturers are also providing compact tractors which are gaining popularity among private homeowners. Moreover, contractors are using compact backhoe loaders due to their size, versatility and light weight. This Fact.MR report discusses key prospects for growth of global backhoe loaders market during the forecast period, 2017-2026, offering pragmatic insights to lead market players towards devising & implementing informed strategies.
The global backhoe loaders market is likely to see steady growth. The market is projected to grow at a CAGR of 5.2%, in terms of volume between 2017 and 2026. While, by 2026 end, the global market for backhoe loaders is projected to reach US$ 3,557.1 million revenue. The backhoe loaders have shown its resilience despite attempts made by large and small robots to force retirement upon it.
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Combining the basic earthmoving functions of hydraulic excavator and wheel loader and offering scintillating maneuverability and ease of transport, backhoe finds its huge application in construction industry. Accordingly, the construction industry is anticipated to register over USD 1,900 million revenue by 2026 end.
One of the aspects that bolsters the versatility of a backhoe loaders is the development of an array of applications it can work in with the assistance of attachments. Given buckets at both the loader end and backhoe end can be replaced with attachments such as rock breaker, sweeper collector, ripper tooth, namely. Ergo, backhoe are used in myriad of other applications such as material handling and solid waste management.
Highlights on Global Backhoe Loaders Market
- Asia Pacific Excluding Japan (APEJ) is expected to witness the highest growth in terms of both value and volume. APEJ is estimated to bring in nearly US$ 1,600 million revenue by the end of 2026. Significant growth in construction of dams and canals and increasing number of power projects in China and India are contributing towards the growth of backhoe loaders market in APEJ.
- North America followed by Europe are also expected to witness growth in the coming years. Substantial growth in infrastructure in countries like the U.S., Canada, Germany, France, and Italy are driving the demand for backhoe loaders in both the regions.
- Center pivot is expected to be the most preferred product in the global backhoe loaders market. By the end of 2026, center pivot is estimated to bring in more than US$ 3,000 million revenue.
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The report provides a robust analysis on the Backhoe loaders Market propelled by qualitative and quantitative analysis. The report focuses on the segmentation of the market to offer a holistic approach of the market. Additionally, the report sheds light on the dynamics of the market that have considerable influence on the growth of the Backhoe loaders market, namely, drivers, restraints, trends and opportunities.
With expanding construction industry, backhoe loaders will remain as one of the most popular equipment with the revenue anticipated to surpass USD 3,500 million by 2026 end. According to the study, entry of new players will help in expanding the market. As such, product positioning will aid the new entrants to create a stand in the highly competitive industry. Having said that, existing brands are expected to associate their name with product support for higher brand recall.
Backhoe Loaders Market: Competitive Landscape
The report has also profiled leading players in the global market for backhoe loaders, which will remain active through 2026. These include companies such as JCB,Inc., Caterpillar Inc., Terex Corporation, CNH Industrial America LLC, LiuGong Construction Machinery, LLC, Deere & Co, Mahindra Construction Equipment, Mecalac, Doosan Corporation, Komatsu Limited, Kubota, TerraQuip Construction Products, Inc., Volvo Construction Equipment, YANMAR CO., LTD., Bell Equipment Limited, Bharat Earth Movers Limited, Escorts Group, Fiat, Hitachi, Ltd., and Hydrema.
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