openPR Logo
Press release

Global Market for Backhoe Loaders: Competitive Landscape

Global Market for Backhoe Loaders: Competitive Landscape

Backhoe loaders are used in various industries such as construction, agriculture, mining, and in other infrastructure activities. Design of backhoe loaders facilitates several construction activities including landscaping, breaking asphalt, light transportation of building materials, powering building equipment, small demolitions, digging holes, excavation, and paving roads.

Request For Report Sample@

With increased demand for productivity, next-gen backhoe loaders are being integrated with hydraulic systems in the engine, which provides faster operational movement and greater digging with higher power. Relentless transformations in infrastructure frameworks and a burgeoning engineering and construction industry is likely to increase the demand for backhoe loaders during the projected period. According to Persistence Market Research, the global market for backhoe loaders is estimated to reach a value of over US$ 2 Bn by the end of the assessment period.

Growth in public and private partnerships, especially in emerging economies have driven the growth of the global backhoe loader market, observers Persistence Market Research. China and India in Asia Pacific have shown a high prevalence of private and public partnership projects. In India, the Planning Commission aims to achieve almost 47 percent of the overall development of infrastructure through private funding. Governments of several developed countries have been promoting public and private partnership models to accomplish infrastructure and construction investment targets. Growing private investments in the development of infrastructure is anticipated to create potential avenues and spur the demand for various construction equipment such as backhoe loaders.

Versatile Attachments of Backhoe Loaders to Spur Demand and Adoption Across Applications

Various combinations of bucket and backhoe (breakers, dozer, stump grinder among many others) can be detached from or attached to backhoe loaders, and this increases versatility in applications. With these attachments, the vehicle serves multiple applications such as snow removal, lifting light materials, cleaning construction sites, and transferring or removing wastes with greater efficiency. Removable and replaceable features of backhoe loaders increase their application in various fields besides construction.

Moreover, incorporation of hydraulics has improvised the operating efficiency of backhoe loaders. Hydraulic systems work on pressurized hydraulic fluids to power machinery. Backhoe loaders require continuous oil pressure in the engine to enable consistent working of the equipment. Hydraulic pumps fulfil this requirement by providing adequate power. Additionally, innovation in the design of the pump has further enhanced the efficiency of backhoe loaders. Further, the productivity of backhoe loaders has improved in various aspects such as faster movement, greater power, and better digging with the incorporation of novel hydraulic pumps and innovative electronic sensors.

Side Shift Backhoe Loaders to Witness Increasing Sales in the Near Future

Side shift backhoe loaders allow operators to work closer to the edge of a building as compared to traditional center mounted backhoe loaders. Side shift backhoe loaders are widely used to carry out operations in confined areas. Their design facilitates high speed operations along with high performance and are more stable than center mounted backhoe loaders. The sale of side shift backhoes is expected to touch a value of over US$ 3,400 Mn by the end of the assessment period (2026), thereby contributing to the overall growth of the global backhoe loader market in the coming years.

Use of Backhoes in the Construction and Mining Industry to Surge in the Coming Years

Backhoe loaders are the most widely used construction equipment. With increasing infrastructural expansion in the construction and mining sector, the growth in adoption of backhoe loaders is inevitable. As per the research, the adoption of backhoe loaders in this industry is expected to rise at a high rate in the coming years. Agriculture and forestry is the second largest industry with respect to the use of backhoe loaders. The excellent digging, excavating, and lifting capabilities of backhoe loaders have triggered mass adoption across key end-use industries.

Asia Pacific Excluding Japan (APEJ) to Present Potential Growth Opportunities in the Near Future

Widespread construction projects in Asia Pacific excluding Japan (APEJ) have been pushing the demand for construction machinery such as backhoe loaders in the region. The use of backhoe loaders in key infrastructural projects across the residential, commercial, and industrial sector in APEJ is almost evenly distributed. Government intervention in the construction sector has taken construction activities to the next level of growth. Increasing infrastructure related activities are rising in APEJ, presenting big opportunities for manufacturers of backhoe loaders to reap revenue benefits. Additionally, ASEAN countries are focusing on boosting their infrastructure development budgets in the foreseeable future. With rapid economic growth and abundant availability of skilled labor at low cost, the construction industry in APEJ will witness a robust expansion, thus creating significant demand for backhoe loaders.

Request For Report Table of Content (TOC):

Global Market for Backhoe Loaders: Competitive Landscape

Key companies involved in the manufacturing of backhoe loaders are investing in research and development to manufacture machines with advanced features and design capabilities. For example, Caterpillar has introduced its latest CAT 426F2 backhoe loader with advanced hydraulics and durability features. Likewise, JCB has launched a new backhoe loader with Easy Shift AMT that allows shifting of gears without operator involvement. This facilitates better productivity and ease of operation. The key companies profiled in this research report include Caterpillar Inc., Deere & Company, CNH Industrial NV, J C Bamford Excavators Ltd., Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., Terex Corporation, Volvo Construction Equipment, Action Construction Equipment Ltd., and Mahindra Construction Equipment.

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Market for Backhoe Loaders: Competitive Landscape here

News-ID: 1336653 • Views: 339

More Releases from Persistence Market Research

Availability Of Programs Driving Measurable Outcomes To Drive The Surgical Imagi …
As per the report by Persistence Market Research (PMR), the global surgical imaging market is expected to experience moderate growth throughout the forecast period 2017-2026. The market is estimated to increase to 4.4% CAGR. By the end of 2026, the global surgical imaging market is estimated to reach US$ 1,384.5 million in revenue. Growing demand for medical surgeries based on image guides. Additionally, the increasing number of hospitals and healthcare centers
Medical Tapes And Bandages Market To Witness A Customized Procurement Strategy A …
According to the latest report by Persistence Market Research (PMR), the global medical tapes and bandages market is expected to witness sluggish growth. The market is estimated to increase to 3.6% CAGR during the forecast period 2017-2022. It is also expected to reach US$ 7,403.0 million revenue by the end of 2022. In order to fasten the process of healing the wound, and provide protection from bacteria and environmental factors such
Cardiac Arrhythmia Monitoring Devices Market To Expand Based On Agile Supply Cha …
Persistence Market Research has recently published a new report titled "Cardiac Arrhythmia Monitoring Devices Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)" which is an extensive market study covering various aspects of cardiac arrhythmia monitoring devices that include analysis on various product types, end users and applications. The segmental analysis is done on a global scale as well as across the key regions of North America, Latin America, Europe, Asia
Remote Care Systems Through Digitization To Drive The Arthroscopic Shaver Market …
The Arthroscopic Shaver Market is destined to grow on an impertinent note, i.e. reaching US$ 600 Mn at a CAGR of 5.5% between 2017-2026. Personalization has taken over almost every sphere of the industry verticals, and healthcare is no exception. People have started looking at their healthcare picture such that they could actively take part in improving their physical and mental health on the daily basis. This personalization will be

All 5 Releases

More Releases for Backhoe

Backhoe Excavators Market Size, Share, Development by 2024
Market Research Report Store offers a latest published report on Backhoe Excavators Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Backhoe excavator is a kind of excavator, which is mainly used for excavation of foundation pit
Global Backhoe Loader Industry Market Analysis & Forecast 2018-2023
The Global Backhoe Loader Industry Market inquire about report assesses the market development over major local fragments. The Global Backhoe Loader Industry Market Research surveying report covers the present situation and the development prospects of the worldwide Backhoe Loader Industry advertise for the year 2018 to 2023. The report is a particular and back to front examination on the present situation of the Backhoe Loader Industry showcase industry with the
Backhoe Loaders Market : Opportunities and Forecast Assessment, 2018 – 2028
According to the new report by Fact.MR, the global market for backhoe loaders 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. Center Pivot to Emerge as the Top-Selling Backhoe Loaders Product Compared to the sideshift backhoe loaders,
Europe Excavator Backhoe Market Report 2021
This report studies sales (consumption) of Excavator Backhoe in Europe market, especially in Germany, UK, France, Italy, Spain and Russia, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering Caterpillar Volvo Geith John Deere Bobcat CASE Komatsu Terex Kubota Yuchai Request Sample Report Here: Market Segment by Regions, this report splits Europe into several key Regions, with sales (consumption), revenue, market share and growth rate of Excavator Backhoe in
Backhoe Loaders Market to Grow at 5.9% CAGR by 2026
Top eight players account for 85% revenue share; center-mount loaders continue to outsell side-shift equipment The top eight global players accounted for nearly 85% revenue share of the US$ 2.14 Bn backhoe loaders market in 2015. JC Bamford Excavators Ltd (JCB) remains the largest player (20%), followed by CNH Industrial NV, and Volvo Construction Group. These three behemoths collectively account for nearly 44% revenue share of the global backhoe loaders market.
Backhoe Loader Market: Explores New Growth Opportunities By 2021
A backhoe loader is a type of construction equipment, also called loader backhoe or digger. A backhoe loader is a heavy equipment vehicle that consists of a tractor-like unit fitted with a shovel in the front, and a backhoe at the back. Backhoe loaders are the most heavily used loaders in large, medium, and small scale construction projects because of their versatility and small size. These loaders can be fitted