Backhoe Loaders Market is Anticipated to Grow US$ 4 Billion by 2026

APEJ region is the land of hope for the global backhoe loaders market

The demand for backhoe loaders is steadily rising in the APEJ region. The governments of this region are pumping in massive funds to strengthen the civil and industrial infrastructure of their respective nations. Several billion dollar projects are lined up in APEJ, which is expected to reassure the overall growth of the regional backhoe loaders market. The demand for backhoe loaders in the APEJ region is projected to soar within the forecast period. The market will witness a massive growth by the end of 2026. The approximate sale value will rise from US$ 866 Mn in 2015 to US$ 1727 Mn by the end of the forecast period. The sale of backhoe loaders in APEJ will be pegged at more than 46,000 units by the end of 2026. The market is likely to register a CAGR of 6.6% within this period of assessment. The agricultural and forestry end user segment will gain maximum traction by the end of the forecast period. The growing economies of the region and the futuristic investment plans rolled out by the governments of this region will impact the scene of the APEJ backhoe loaders market.

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China and India to hustle for the top spot in the APEJ backhoe loaders market

A recent report published by an international publication revealed that China is investing immensely to resurrect the country’s infrastructure. The country is building several government and public installations and it is presently giving stark competition and overlapping major economies such as the U.S. The government of China is building a robust infrastructure to woo foreign investment in the country that will further fuel GDP growth. This massive infrastructural revolution within the country is expected to affect the growth of the APEJ backhoe loaders market. The sale of backhoe loaders in China will surge manifold and value of the market will crawl up from an approximate value of US$ 58 Mn to US$ 99 Mn during the forecast period. The China backhoe loaders market is expected to record a CAGR of 4.9%. The incremental dollar opportunity in China will be more than US$ 36 Mn within the period of forecast.

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Apart from China, India will also contribute to the APEJ backhoe loaders market. The Indian government is eager to revamp the country’s infrastructure. The government is likely to pump in huge investments in infrastructural development in the coming few years. The government of India is eager to develop a healthy interstate connectivity and is planning to bridge the urban–rural gulf through proper infrastructural backup. The rapid infrastructure development plan to build bridges, highways and other installations will further expedite the economic growth of the country. This massive wave of investment is targeted towards FDI (Foreign Direct Investment) as India is poised to seal its place amongst global market leaders. This barrage of investment to boost the country’s infrastructure will complement the expansion of the India backhoe loaders market. Sales of backhoe loaders in India is expected to cross US$ 12 Mn by the end of the forecast period. The country’s backhoe loaders market will grow at a CAGR of 6.9%. The overall growth of the APEJ backhoe loaders market will also be pushed ahead by the ASEAN and ANZ nations. The ASEAN backhoe loaders market will record a promising CAGR of 6.4% while the ANZ backhoe loaders market is likely to follow with a CAGR of 5.9%.

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Leading players in the global backhoe loaders market have their sights set on the APEJ regional market

One of the major market shareholders, Deer and Company is planning to shift its focus from North America to China. The company has already rolled out several measures to penetrate more into the Chinese market and to expand its dominance in the APEJ region. They have innovated new high end products and are also migrating their production to China to build a proper presence in the APEJ market. The UK based JC Bamford Excavators Ltd. fetched more than 34% of its global revenue from the Asia Pacific region in 2015. The company has manufacturing units in China, Germany and India. They are injecting funds to furnish their research and development facilities across the globe, which is likely to impact their global and regional expansion plans.

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