Press release
Backhoe Loader Market 2017 - Komatsu Limited (Japan), AB Volvo (Sweden), Case CE (U.S.), Hitachi Construction Machinery (Japan)
Backhoe Loader Market
The construction industry has shown considerable growth in recent times. Owing to this growth, the Global Backhoe Loaders Market is witnessing a huge demand. Backhoe Loaders are used in urban engineering and small construction projects, such as building a small house, fixing urban roads, and so on, which is driving the growth of this market. Other factors such as the versatility of Backhoe Loaders, increasing road construction activities, and the growing number of power projects have also boosted the growth of the Global Backhoe Loader Market. The recent technological development in the manufacturing and usage of Backhoe Loaders is also the major factor contributing to the growth of the Global Backhoe Loader Market.
One of the key drivers for the growth of the Global Backhoe Loader Market are the new government policies supporting the huge growth of infrastructure. The undertaking of highway development programs and rural road development programs in developing nations is increasing the demand for Backhoe Loaders. Agriculture, land development and irrigation projects also provide momentum for growth of the Backhoe Loader Market. Land development, building construction and industrial development projects are also adding to the growth of Global Backhoe Loader Market. The re-emergence of the rental sector is further expected to drive the growth of the market.
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Regional Analysis:
Asia-Pacific is projected to be the largest and the fastest growing in the backhoe loader market. Developing nations, in the region, such as India and China, are contributing the most to the significant growth of the construction industry due to the recent technological developments here. The substantial growth in the construction of dams & canals and in the number of power projects are also contributing to the growth of market here. On the other hand, the growth of the market in the North America and Europe is expected to be comparatively low as the regions have well-established infrastructure.
Key Players:
The Key Players of Backhoe Loader Market are Caterpillar Inc.(U.S.), J.C. Bamford Excavators Limited (U.K.), Komatsu Limited (Japan), AB Volvo (Sweden), Case CE (U.S.), Hitachi Construction Machinery (Japan), Liebherr Group (Bulle, Switzerland), CNH Global NV (Netherlands), Deere & Company (U.S.), Mahindra & Mahindra, Ltd.(India) and others.
Scope of the Report:
This study provides an overview of the Global Backhoe Loader Market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Backhoe Loader Market by its application and region.
By Application
• Industrial
• Agricultural
• Construction
• Others
By Region
• North America
• Asia Pacific
• Europe
• Rest of the World
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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