Backhoe Loaders Market to grow at a CAGR of 5.2%, in terms of volume between 2017 and 2026
About
Backhoe
loaders market
Backhoe loaders are heavy
equipment that comprises a tractor-resembling unit equipped with
loader-like bucket/shovel on the front, and backhoe on the back.
Tractor Backhoe Loaders (TLB) are commonly employed in small
construction projects and urban engineering.
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A backhoe loader facilitates
deep-hole digging or trenching and is designed for moving a large
quantity of materials. Currently, contractors prefer employing a TLB,
now with growth in affordable service offerings of equipment rental
companies, rather than using an excavator and separate wheel loader
for digging and material handling. Versatility, the ability to
facilitate operations on the turf top, and ease of use have led to a
rise in the popularity of tractor loader backhoes in the global
construction industry. These heavy equipment offer good performance
in tasks related to specialty machines at relatively lower initial
investments.
Past few years have represented
considerable growth in the residential construction sector, owing to
rapid population expansion and rise in gross household disposable
incomes in the developed as well as developing economies. A recent
rise in migration of families and individuals from rural to urban
areas has been attracting investments toward the development of
sustainable & smart cities. Such development entails the adoption
of construction machinery such as tractor loader backhoes that
facilitate the construction processes. In addition, various
governments worldwide are increasingly focusing on infrastructure
development that includes construction of highways, port, roads, and
railways, which in turn is creating avenues backhoes loaders.
global backhoe loaders market
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.
Other Applications
(Additional information, including
cross-sectional data and country-wise analysis & forecast is
available in the report)
Center Pivot to Emerge as the
Top-Selling Backhoe Loaders Product
Compared to the sideshift backhoe
loaders, center pivot backhoe loaders are likely to be the
top-selling product between 2017 and 2026. Center pivot backhoe
loaders are projected to surpass US$ 3,000 million revenue by 2026
end. Center pivot backhoes are mounted at the center of the rear
portion of machine’s frame. Center pivot backhoes are used on a
large scale in North America. While side shift backhoes has become
standard in Europe.
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Backhoe Loaders with 80-100
Horsepower of Engine to Gain Maximum Traction
Backhoe loaders with 80-100
horsepower engine are likely to gain maximum traction throughout the
forecast period. It is projected that more than 66,000 units of
backhoe loaders with 80-100 horsepower engine will be sold towards
2026 end. The demand for backhoe loaders with maximum horsepower is
increasing as it offers better performance, fast response time and
higher fuel saving.
Backhoe Loaders Providing Maximum
Digging Depth of 10-15 Feet to Witness Fastest Growth
Backhoe loaders with the maximum
digging depth of 10-15 feet are likely to witness the fastest growth
between 2017 and 2026. Towards 2026 end, backhoe loaders providing
digging depth of 10-15 feet are projected to surpass US$ 1,700
million revenue. Backhoe loaders with the ability to dig 10-15 foot
deep are being used largely in water line and electrical line
installation. Most of the contractors in the construction sector are
using compact backhoes as they weigh less and allow contractors to
use various attachments making it easy to operate.
Backhoe Loaders to Find Largest
Application in the Construction Industry
Compared to the various
industries, backhoe loaders are likely to find the largest
application in the construction industry. The construction industry
is projected to surpass US$ 1,900 million revenue by 2026 end.
Considerable growth in the construction sector in the recent years is
driving the demand for backhoe loaders. Moreover, manufacturers of
backhoe loaders are also introducing technically advanced and compact
backhoe loaders to carry the operation easily.
Competition Tracking
Key
market participants identified by Fact.MR’s report include Hydrema,
Hitachi, Ltd., Fiat, Escorts Group, Bharat Earth Movers Limited, Bell
Equipment Limited, YANMAR CO., LTD., Volvo Construction Equipment,
TerraQuip Construction Products, Inc., Kubota, Komatsu Limited,
Doosan Corporation, Mecalac, Mahindra Construction Equipment, Deere &
Co, LiuGong Construction Machinery, LLC, CNH Industrial America LLC,
Terex Corporation, Caterpillar Inc., and JCB,Inc.
Note: The insights mentioned here
are of the respective analysts, and do not reflect the position of
Fact.MR
Table of Contents
1. Global Economic Outlook
1.1 Manufacturing Sector Outlook
2. Global Backhoe Loaders Market -
Executive Summary
2.1 Opportunity Analysis
3. Global Backhoe Loaders Market
Overview
3.1. Introduction
3.1.1. Global Backhoe
Loaders Market Taxonomy
3.1.2. Global Backhoe
Loaders Market Definition
3.2. Global Backhoe Loaders Market
Size Value(US$ Mn) & Volume(Tonnes) and Forecast, 2012-2026
3.2.1. Global Backhoe
Loaders Market Y-o-Y Growth
3.3. Global Backhoe Loaders Market
Dynamics
3.4. Supply Chain
3.5. Cost Structure
3.6. Pricing Analysis
3.7. Construction Industry Outlook
3.8. Worldwide Infrastructure
Spending
3.9. Key Participants Market
Presence (Intensity Map) By Region
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