The Global Backhoe Loader Market is expected to reach $ xx Billion by 2026; with a CAGR of 6.1% from 2019 to 2026. Asia-Pacific is anticipated to be the largest and the fastest growing market as the countries such as India and China, are contributing the most to the significant growth of the construction industry due to the recent technological developments.
The major key market drivers of the global backhoe loader market are the substantial growth in the construction of dams & canals and in the number of power projects, growth of the market in the North America and Europe, and increasing dominance of rental equipment. However, high price of this equipment may limit the market. Further, with the presence of a large number of players with varying product offerings, the market for backhoe loaders is expected to boost in the coming years.
The global backhoe loader market is segmented into application and geography. By application, the market is divided into industrial, agriculture, construction, and others. By geography, the market is covered under different geographical regions like North America, Europe, Asia-Pacific and Rest of the World (RoW). The country-wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico while Europe covers Germany, France, Italy, and UK and Rest of Europe. Japan, China, Russia, India, South Korea, and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. Rest of the World (RoW) includes the South America & Central America, Africa and the Middle East.
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. The market has been analyzed both from demand as well as supply side to come to an accurate scenario. Products across application and application across geographies have been mapped to provide you a precise competitive scenario to have a leading edge in the market.
Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also part of the report. Top players 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.
The Highlights of the Report
Scope of the Global Backhoe loader market