June 19, 2019 by Steve Blade
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.
The global backhoe loaders market 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. The backhoe loaders have shown its resilience despite attempts made by large and small robots to force retirement upon it.
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Table of Content
1. Global Economic Outlook
2. Global Backhoe Loaders Market - Executive Summary
3. Global Backhoe Loaders Market Overview
To be Continue.............................
Combining the basic earthmoving functions of hydraulic excavator and wheel loader and offering scintillating maneuverability and ease of transport, backhoe finds its huge application in construction industry. Accordingly, the construction industry is anticipated to register over USD 1,900 million revenue by 2026 end.
One of the aspects that bolsters the versatility of a backhoe loaders is the development of an array of applications it can work in with the assistance of attachments. Given buckets at both the loader end and backhoe end can be replaced with attachments such as rock breaker, sweeper collector, ripper tooth, namely. Ergo, backhoe are used in myriad of other applications such as material handling and solid waste management.
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With expanding construction industry, backhoe loaders will remain as one of the most popular equipment with the revenue anticipated to surpass USD 3,500 million by 2026 end. According to the study, entry of new players will help in expanding the market. As such, product positioning will aid the new entrants to create a stand in the highly competitive industry. Having said that, existing brands are expected to associate their name with product support for higher brand recall.
Backhoe Loaders Market: Competitive Landscape
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.
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