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Global Backhoe Loaders Market: Investments in Infrastructure Development are foreseen to Reinforce Demand in Asian Countries Forecast 2019 to 2026
Global Backhoe Loaders Market
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Manufacturers of backhoe loaders are focusing on design and weight of the backhoe as the heavy weight of backhoe can cause the vehicle to tip. Hence, small frame and precise control in backhoe loaders are being provided by manufacturers.
Meanwhile, compact tractor loader backhoes are also gaining popularity when operator needs to perform both loading and digging task. Also, compact tractor loader backhoe can move material much faster over a distance compared to excavator.
Automation features are also being integrated into tractor loader backhoes for easy control and to increase productivity. Next generation backhoe loaders with advanced telematics system to monitor and manage machine remotely are also being introduced by manufacturers.
As per the latest market research report by Fact.MR, the global backhoe loaders market is expected to witness steady growth. In terms of value during 2017-2026, the market is estimated to register 5.4% CAGR. In terms of volume, 146,518 units of backhoe loaders are estimated to be sold by the end of 2026. Following are the insights on how the global backhoe loaders market will perform in the coming years.
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6 Forecast 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.
80-100 HP engine is expected to witness the highest growth in the market during the forecast period. 80-100 HP engine is estimated to exceed US$ 1,600 million revenue by 2026 end.
Backhoe loaders with the maximum digging depth of 10-15 feet are expected to gain traction in the market. Towards the end of 2026, backhoe loaders with digging depth of 10-15 feet are estimated to create an incremental opportunity of over US$ 600 million during 2017-2026.
The construction sector is expected to account for the largest use of backhoe loaders. By the end of 2026, construction sector is estimated to exceed US$ 1,900 million revenue.
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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.
The Global Backhoe Loaders Market research answers important questions, including the following:
1. Why Global Backhoe Loaders Market players are focusing on the business expansion in region?
2. Which regulatory authorities have granted approval to the application of Global Backhoe Loaders Market
3. What are the pros and cons of the Global Backhoe Loaders Market the environment?
4. Why players are targeting the production of segment?
5. What are the strategies implemented by emerging players in the global Global Backhoe Loaders Market?
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The Global Backhoe Loaders Market report serves the readers with the following data:
• In-depth analysis of supply-side and demand-side trends.
• Direct and indirect impacts of the growth of relevant markets on the Global Backhoe Loaders Market.
• Importance of segment in various regions.
• Accurate Y-o-Y growth of the global Global Backhoe Loaders Market.
• Consumption trends among individuals across the globe.
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