Market Research Report
Backhoe Loaders Market, by Model Type, by End-use, and by Geography - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
|Published by||Coherent Market Insights||Product code||920662|
|Published||Content info||120 Pages
Delivery time: 2-3 business days
|Backhoe Loaders Market, by Model Type, by End-use, and by Geography - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027|
|Published: December 16, 2019||Content info: 120 Pages||
Backhoe Loaders Market, by Model Type (Center Mount, Sideshift), by End-use (Construction and Mining, Utility, Agriculture and Forestry, and Others), and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027.
Backhoe loaders are heavy equipment that comprises a tractor-resembling unit equipped with loader-like bucket/shovel on the front, and a small backhoe on the back. It is also known as a "loader backhoe", "digger" in layman's terms, or just "backhoe". Backhoe loaders are commonly used in urban engineering and small construction projects, such as building a small house, fixing urban roads etc., owing to their relatively small size and versatility properties. These types of machines are similar to Tractor-Loader-Backhoe (TLB), which is an agricultural tractor that is fitted with a front loader and rear backhoe attachment. Backhoe loaders can be used for a wide variety of tasks such as digging holes/excavation, breaking asphalt, construction, landscaping, small demolitions, light transportation of building materials, powering building equipment and paving the road.
The increasing use of telematics in compact and small construction equipment and significant growth in the construction industry may act as a major driver of the global backhoe loader market. Other factors such as versatility of backhoe loaders, increasing road construction activities, rapid population expansion and rise in gross household disposable incomes and growing number of power projects in developing countries such as China, India etc. are the major factors which are expected to further augment the growth of global backhoe loader market during forecast period. For instance, according to Coherent Market Insight's analysis, as of November 2019, China's population stands at 1.435 billion, the largest of any country in the world.
Owing to the increasing focus on enhancing the productivity of infrastructure and construction activities, there has been an increase in the adoption of bucket loaders and excavators in the construction industry. In addition to this, trenching, grading, dozing and loading are some of the activities performed during natural gas pipeline construction activity with the help of backhoe loaders, which makes it the perfect construction equipment for natural gas pipeline projects. Furthermore, an increasing demand for solar power and wind power installations, as well as the growing demand for gas-run or conventional steel power plants are the other major driving factors for the global backhoe loader market over the forecast period. However, high prices of backhoe loaders may hinder the growth of the global backhoe loader market over the forecast period.
This report segments the global backhoe loaders market on the basis of model type, end use, and region. On the basis of model type, the global backhoe loaders market is segmented into center mount and sideshift. On the basis of end use, the market is segmented into construction and mining, utility, agriculture and forestry and others and on the basis of region, the global backhoe loaders market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East & Africa.