Backhoe Loader Market: Center Pivot to Emerge as the Top-Selling Backhoe Loaders
Posted by Arslan on February 25th, 2019
As per the latest market research report by Fact.MR, the backhoe loaders market is 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.
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.
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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.
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.
Asia Pacific Excluding Japan (APEJ) is expected to witness the highest growth in terms of both value and volume. APEJ is estimated to bring in nearly US$ 1,600 million revenue by the end of 2026. Significant growth in construction of dams and canals and increasing number of power projects in China and India are contributing towards the growth of backhoe loaders market in APEJ.
North America followed by Europe are also expected to witness growth in the coming years. Substantial growth in infrastructure in countries like the U.S., Canada, Germany, France, and Italy are driving the demand for backhoe loaders in both the regions.
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.
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About the AuthorArslan
Joined: December 18th, 2017
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