Backhoe Loaders Market (TLB): Global Research Report on Backhoe Loaders Industry Market Size, Share, Trends Driven by Thriving Automotive, Aerospace and Construction Industries 2017-2026
The scope of the report is to analyze the global backhoe loaders market for the period 2017-2026 and give readers an accurate, unbiased analysis. Backhoe loaders manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.
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Backhoe loaders are heavy equipment that comprises a tractor-resembling unit equipped with loader-like bucket/shovel on the front, and backhoe on the back. Tractor Backhoe Loaders (TLB) are commonly employed in small construction projects and urban engineering.
A backhoe loader facilitates deep-hole digging or trenching and is designed for moving a large quantity of materials. Currently, contractors prefer employing a TLB, now with growth in affordable service offerings of equipment rental companies, rather than using an excavator and separate wheel loader for digging and material handling. Versatility, the ability to facilitate operations on the turf top, and ease of use have led to a rise in the popularity of tractor loader backhoes in the global construction industry. These heavy equipment offer good performance in tasks related to specialty machines at relatively lower initial investments.
Past few years have represented considerable growth in the residential construction sector, owing to rapid population expansion and rise in gross household disposable incomes in the developed as well as developing economies. A recent rise in migration of families and individuals from rural to urban areas has been attracting investments toward the development of sustainable & smart cities. Such development entails the adoption of construction machinery such as tractor loader backhoes that facilitate the construction processes. In addition, various governments worldwide are increasingly focusing on infrastructure development that includes construction of highways, port, roads, and railways, which in turn is creating avenues backhoes loaders.
Compared to the side shift backhoe loaders, center pivot backhoe loaders are likely to be the top-selling product between 2017 and 2026. Center pivot backhoe loaders are projected to surpass US$ 3,000 million revenue by 2026 end. Center pivot backhoes are mounted at the center of the rear portion of machine’s frame. Center pivot backhoes are used on a large scale in North America. While side shift backhoes has become standard in Europe.
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Backhoe loaders with the maximum digging depth of 10-15 feet are likely to witness the fastest growth between 2017 and 2026. Towards 2026 end, backhoe loaders providing digging depth of 10-15 feet are projected to surpass US$ 1,700 million revenue. Backhoe loaders with the ability to dig 10-15 foot deep are being used largely in water line and electrical line installation. Most of the contractors in the construction sector are using compact backhoes as they weigh less and allow contractors to use various attachments making it easy to operate.
Backhoe Loaders to Find Largest Application in the Construction Industry
Compared to the various industries, backhoe loaders are likely to find the largest application in the construction industry. The construction industry is projected to surpass US$ 1,900 million revenue by 2026 end. Considerable growth in the construction sector in the recent years is driving the demand for backhoe loaders. Moreover, manufacturers of backhoe loaders are also introducing technically advanced and compact backhoe loaders to carry the operation easily.
Key market participants identified by Fact.MR’s report include Hydrema, Hitachi, Ltd., Fiat, Escorts Group, Bharat Earth Movers Limited, Bell Equipment Limited, YANMAR CO., LTD., Volvo Construction Equipment, TerraQuip Construction Products, Inc., Kubota, Komatsu Limited, Doosan Corporation, Mecalac, Mahindra Construction Equipment, Deere & Co, LiuGong Construction Machinery, LLC, CNH Industrial America LLC, Terex Corporation, Caterpillar Inc., and JCB,Inc.
Table of Contents
Global Economic Outlook
1.1 Manufacturing Sector Outlook
Global Backhoe Loaders Market - Executive Summary
2.1 Opportunity Analysis
Global Backhoe Loaders Market Overview
3.1.1. Global Backhoe Loaders Market Taxonomy
3.1.2. Global Backhoe Loaders Market Definition
3.2. Global Backhoe Loaders Market Size Value(US$ Mn) & Volume(Tonnes) and Forecast, 2012-2026
3.2.1. Global Backhoe Loaders Market Y-o-Y Growth
3.3. Global Backhoe Loaders Market Dynamics
3.4. Supply Chain
3.5. Cost Structure
3.6. Pricing Analysis……………………Continued
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