Backhoe Loaders Market Predicted to Rake in US$ 4 Bn by 2026
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. The other five leading players in terms of revenue share include Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., Terex Corporation, Caterpillar Inc., and Deere & Company.
View Full Report TOC, Figures and Tables: https://www.persistencemarketresearch.com/market-research/backhoe-loader-market.asp
Asia Pacific excluding Japan (APEJ), the largest market in terms of volume and value, was worth US$ 866.6 Mn in 2015, and is projected to surpass US$ 1 Bn in revenues by 2018. India will continue to be the world’s most lucrative and largest market for backhoe loaders, growing at 6.9% -- higher than the 5.9% global CAGR – through 2026. On the back of strong demand from the US construction sector, North America will maintain its position as the world’s second largest market, followed by Latin America.
According to Persistence Market Research’s report, “Global Market Study on Backhoe Loaders: APEJ Expected to be the Most Attractive Regional Market for Backhoe Loader Manufacturers in Terms of Growth Rate ”, the India backhoe loaders market will continue to experience steady gains throughout the forecast period on account of a slew of factors. Government focus on infrastructure development coupled with easy finance schemes have ensured steady buoyancy, and the status quo is anticipated to remain unchanged throughout the forecast period. JCB remains the market leader in India as well, accounting for roughly three-fourth revenue share.
Request to view Sample Report: https://www.persistencemarketresearch.com/samples/3791
“Demand for backhoe loaders and other construction equipment is directly co-related to the pace of infrastructure development. India is going through a momentous phase of development of roads, railways, and dams receiving government support and FDI. Further, India’s real estate sector remained largely unaffected by the global housing crisis of 2007-08, and leading construction equipment manufacturers consolidated their position to compensate for sluggish demand in US and Europe. Since then, the India construction equipment market has been on an upswing, and our research projects the demand to remain buoyant throughout the forecast period.” – Persistence Market Research analyst.
Center-mount backhoe loaders will continue to outsell side-shift variants, with the former projected to account for over 86% revenue share of the market throughout the forecast period. Center-mount backhoe loaders remain sought-after among end-users in Asia Pacific and North America, whereas side-shift backhoe loaders are concentrated in Europe. “Side-shifts were first introduced in Europe in the 1960s and since then they have remained the preferred choice; however, across the pond, end-users have shown a marked preference for center-mount machines. They also remain the preferred choice among end-users in India, influencing manufacturers to increase production capacity and broaden their range”, adds the Persistence Market Research analyst.
Need more information about Report methodology ? @ https://www.persistencemarketresearch.com/methodology/3791
Backhoe loaders find their application in a wide range of end-use industries, including construction & mining, utility, and agriculture & forestry. Construction and mining remain the largest end-use sector, accounting for nearly 53% revenue share of the market in 2016. Frenzied construction activity in Tier II cities, combined with the implementation of ‘Smart City’ program are anticipated to provide an impetus to overall construction equipment sales in India, which in turn, is expected to have a crucial impact on prospects of the global market. Demand for backhoe loaders from the agriculture & forestry segment will remain steady, growing at 5.9% CAGR through 2026.
Global Backhoe Loaders Market Report is available @ $4900
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
USA - Canada Toll-Free: 800-961-0353
PMR Blog: https://pmrblog.com/
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Backhoe Loaders Market Predicted to Rake in US$ 4 Bn by 2026 here
News-ID: 791615 • Views: 144
More Releases from PMR - Research Report
Increasing Adoption of Smart LED Street Lighting Owing to Cost-Efficiency and Su …
Significant growth in transportation infrastructure including roads and highways to provide better connectivity is leading to the growing demand for better street lighting system ensuring better visibility and safety. In recent years, advancement in technology and development of smart cities has resulted in the wide adoption of connected street lighting. Smart LED street lighting has emerged as a sustainable and cost-effective option for cities with limited use of energy along
Intelligent Ozone Generators: Providing Remote Monitoring and Reducing Response …
Wide range of Ozone generators are being produced to meet the growing demand from chemical, food and beverages industries, and water and air treatment. New ozone generators are constantly being developed using advanced technologies to increase functionality and accessibility. Moreover, in terms of design, portable and energy-efficient ozone generators are being produced in large amount, keeping ozone generators mobile and lightweight. A sample of this report is available upon request
Protein Hydrolysate Ingredient Market expanding at remarkable CAGR of 7.3% throu …
Rapid inclination of consumers towards sport nutrition on the coattails of rising awareness regarding health and nutrition-related issues has been influencing the demand for protein hydrolysate ingredients, mostly whey variants, in the recent years. Numerous health benefits of whey protein hydrolysate ingredients and their derivation from best sources of protein are the key factors expected to increase the consumption and give a boost to growth of global protein hydrolysate ingredients
Portable Battery Pack (Power Banks) Market to Witness Comprehensive Growth of US …
Large number of potential mobile phone consumer in the globe are opting for power banks, also known as power battery packs is fairly plausible. Moreover, attraction of smartphone users towards the use of power banks is likely to remain contingent on their lifestyle. The study led by Persistence Market Research reveals that multimedia device & smartphone propagation delivers as a robust distribution network to the power battery packs products. The
More Releases for India
Medical Tour India | Affordable Treatment In India
We at MedCredible look after the well being of the patients seeking treatment in India. Our support staff support is well trained in handling various situations arising due to cross border differences. All the patients can avail of high-quality treatment at an extremely affordable cost in a compassionate environment combined with ethical practices. With options of over 100 + Hospitals and Institutions, we at Medcredible ensure that we connect the
IVF India, Test Tube baby India
The aim of setting up KJIVF is to help infertile couples in achieving conception through modern diagnostic and treatment methods. KJIVF Centre has given the best results by blessing infertile couples of advanced age with children, these couples could never dream of becoming parents. Thousands of babies are conceived through in-vitro fertilization (IVF) each year; In-Vitro Fertilization (IVF) means fertilization outside the body. A baby developed from an egg that
Beach Holiday India- Best Beaches in India
The natural beauty, exotic locations and rich heritage has helped India to stand as the most visited and most popular tourist spot in the world. The status of “Incredible India”, is defined by an incredible range of nature’s blessings on the Indian subcontinent and this incredibility is doubled by one of the most fabulous tourism option available in the country that are the brilliant and majestic beaches in India.
ISO 27001 India, 27001 training India ISO
Coral eSecure is information Risk Management advisory with specific focus on Information Security (ISO 27001, ISO 17799, PCI, COBIT, HIPAA, GLBA, and DPA), Business Continuity (BS25999) and ITIL/ IT Service Management (ISO 20000). Coral is the FIRST Indian consulting organization which provides an Integrated Management System Consulting, Consisting of ISO 27001, ISO 20000 and BS25999 – ALL THREE IN ONE! Coral provides Consulting, Assurance audit and Training to address these
Interior Designers India, Designers and Architects India
Today, we have recognized ourselves as a booming beauty interior designing firm, offering services that include interior designing. We are a winning firm, which is based on the strong foundation of innovative and original ideas for interior, architectural and landscaping designing services. Synergy Corporate Interior Design Association has more corporate members. Who provide Products and services. We support Interior Designers India, Designers and Architects India. We are committed to the
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will