Backhoe Loader Market Scope
The Backhoe Loader is a form of earthmoving equipment, that comprising of a tractor unit fitted with a shovel in the front and a backbone at the back. The Backhoe Loader are effective for digging, boring& loading, and for excavation. There has been significant rise in number of construction and mining industry in the global due to Backhoe loaders and Hydraulic Excavators. The backhoe alone contribution is 40% of the overall sales by volume during fiscal year. Further, increasing demand from the developing countries owing to growth in the road construction, railways, irrigation sector and real estate owing to increasing application of Backhoe loader. The research and development activities and innovations expected to drive the demand for backhoe loader over the forecasted period.
According to AMA, the Global Backhoe Loader market is expected to see growth rate of 5.8%
In backhoe Loader market, it has been observed that most of the companies are upgrading or introducing different series of backhoe loader and compacter that are more efficient in decreasing fuel consumption and fast response time coupled with fuels savings and its applicable in agricultural tractors and infrastructure industries. Research Analyst at AMA estimates that United States and United Kingdom Manufacturers will contribute to the maximum growth of Global Backhoe Loader market throughout the predicted period.
Caterpillar (United States), Deere & Company (United States), JC Bamford Excavators (United Kingdom), Komatsu Limited (Japan), Manitou (France), Mecalac (Germany), CNH Global NV (Netherlands), Liebherr Group (Switzerland), Hitachi Construction Machinery (Japan), Case CE (United States), AB Volvo (Sweden) and Mahindra & Mahindra, Ltd.(India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Hydrema (Denmark), Escorts Group (India), Bharat Earth Movers Limited (India) and Bell Equipment Limited (South Africa).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Backhoe Loader market by Type (Articulated Backhoe Loader, Rigidity Backhoe Loader, Side-shift Backhoe Loader and Center-pivot Backhoe Loader), by Application (Highway Construction, Public Facilities, Lease and Other) and Region with country level break-up.
On the basis of geography, the market of Backhoe Loader has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Bull Machinery Pvt. Ltd introduced an indigenously developed backhoe loader which is beneficial in providing different application with interchangeable bucket options with smart hydraulics systems. It also strengthen and expanding the market presence in different regions.
- Substitutes Available For Backhoe loaders.
- Collaboration and Tie Up Of Leading Players
- Increase In Residential and Construction Sector.
- Rapid Population Expansion and Rise Gross Household Disposable Income Impacting the Demand of Market.
- Growing Investments in Natural Gas Pipelines Projects at Middle East Regions.
- Technological Advancements Accelerate The Backhoe Loader Market.
- High Maintenance Cost Associated With Backhoe Loader.
- Lack of Precision and Accuracy in the Hydraulic Components of Backhoe Loaders.
- System Failures Lead To Accident In The Backhoe Loader.
Key Target AudienceBackhoe Loader Manufacturers, Backhoe Loader Traders, End-Use Market Participants of Different Segments of Backhoe Loader, Government and Research Organizations, R&D Institutions and Others