Backhoe Loaders Market Poised to Register 5.4% CAGR through 2026Posted by vakhas on July 16th, 2018 Backhoe loaders are being used on a large scale in small construction projects. Owing to the increasing construction activities, backhoe loaders are witnessing huge demand. With the increasing use, backhoes equipped with attachments such as augers, breakers and grapples and other attachments are being used on a large scale. Manufacturers of backhoe loaders are focusing on design and weight of the backhoe as the heavy weight of backhoe can cause the vehicle to tip. Hence, small frame and precise control in backhoe loaders are being provided by manufacturers Meanwhile, compact tractor loader backhoes are also gaining popularity when operator needs to perform both loading and digging task. Also, compact tractor loader backhoe can move material much faster over a distance compared to excavator. Automation features are also being integrated into tractor loader backhoes for easy control and to increase productivity. Next generation backhoe loaders with advanced telematics system to monitor and manage machine remotely are also being introduced by manufacturers. As per the latest market research report by Fact.MR, the global backhoe loaders marketis expected to witness steady growth. In terms of value during 2017-2026, the market is estimated to register 5.4% CAGR. In terms of volume, 146,518 units of backhoe loaders are estimated to be sold by the end of 2026. Following are the insights on how the global backhoe loaders market will perform in the coming years. 6 Forecast Highlights on Global Backhoe Loaders Market
Request Report Methodology @ https://www.factmr.com/connectus/sample?flag=RM&rep_id=407 The report has also profiled leading players in the global market for backhoe loaders, which will remain active through 2026. These include companies such as JCB,Inc., Caterpillar Inc., Terex Corporation, CNH Industrial America LLC, LiuGong Construction Machinery, LLC, Deere & Co, Mahindra Construction Equipment, Mecalac, Doosan Corporation, Komatsu Limited, Kubota, TerraQuip Construction Products, Inc., Volvo Construction Equipment, YANMAR CO., LTD., Bell Equipment Limited, Bharat Earth Movers Limited, Escorts Group, Fiat, Hitachi, Ltd., and Hydrema. Like it? Share it!More by this author |