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Backhoe Loader Market - Forecasts from 2022 to 2027

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  • 120 Pages
  • May 2022
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5602566
The growing demand from the construction industry is driving the global market for backhoe loaders since the product is useful for a variety of tasks and is compact due to its adaptability. As a result of significant population growth and an increase in gross household disposable incomes in both established and developing nations, the market for backhoe loaders has seen favorable growth in the residential building industry in recent years. Furthermore, the increased migration of people from rural to urban regions has increased investments in the development of sustainable and smart cities. As a result, construction activities have been accelerated by the use of technologically advanced machinery such as backhoe loaders.

Owing to their versatility and modest size, backhoe loaders are the most commonly employed loaders in big, medium, and small construction projects. Backhoe loaders can be used for a range of jobs, including digging holes or excavations, construction, small demolitions, powering construction equipment, breaking asphalt, paving roads, and light material delivery. Boring, digging, excavating, and loading are just a few of the jobs that these loaders can handle. Quick-attach mounting systems and auxiliary hydraulic circuits are standard on most backhoe loaders, allowing for easier attachment mounting and increased machine usage on the job site.

Growth Trends in the Global Backhoe Loader Market

The worldwide backhoe loader market is predicted to grow at a faster rate than the overall industry due to increased demand for residential and commercial infrastructure as a result of urbanization. The demand for commercial and residential infrastructure has increased as the population has grown. According to the World Bank, the total urban population has been increasing for the past two decades and will continue to do so in the future. in the year 2020, almost 60% of the world's population will be living in cities. So, the demand in the construction sector will be expected to grow, increasing the requirement for backhoe loaders as well. Several governments throughout the world are driving backhoe loader market expansion by focusing more on infrastructural development, such as the construction of ports, roads, highways, and railways, creating new opportunities for backhoe loader producers.

Restriction in the Global Backhoe Loader Market Backhoe loader prices vary greatly depending on the seller, engine horsepower, dig depth, and other factors. Larger equipment with more dig depth and lift capabilities will cost more. Henceforth, backhoe loaders, being heavy equipment, require a high investment and a high initial cost of maintenance, which is a major restraint on the market.

The Impact of Covid on the Global Backhoe Loader Market Due to the global epidemic of COVID-19, the building and construction industry is one of the worst-affected sectors. COVID-19 has brought global economic activity to a halt. The impact is primarily on original equipment manufacturers.

COVID-19 swept around the globe, affecting a wide range of aspects of the backhoe loader market, including an unexpected halt in production, as well as financial and manufacturing activity in a variety of business sectors. COVID-19's outbreak had a negative impact on various worldwide economies. To combat COVID-19, the government has enforced different rules and regulations, including complete lockdown and quarantine procedures, which have had a significant impact on various commercial sectors.

Regional Analysis

The backhoe loader market has been segmented into the North American, Asia-Pacific, European, South American, and the Middle East and African regions based on region. Asia-Pacific is expected to dominate the global market during the foreseeable period. It was observed in the region as a result of the development of sustainable and smart cities, the emergence of small and medium-sized firms, the rise in public-private partnerships, and increased government investment in infrastructure development. An increase in the number of power projects, highway manufacturing facilities, logistics, and backhoe loaders in developing countries like India and China is predicted to significantly expand the worldwide backhoe loader market. Furthermore, the market is being boosted by increased foreign direct investment in developing countries.

The North American region is expected to have the second-largest market share in the global market, owing to the existence of countries such as the United States, Canada, and Mexico, which drive market demand in this area. More market demand is created by increasing investment in various building and infrastructure development activities. The presence of a number of large, key companies also contributes to the region's market demand.

The European area is expected to be the third-largest market share in the global market, owing to the presence of a well-established, technologically advanced infrastructure that necessitates more power generation and hence generates more growth prospects in this region. Furthermore, market demand in this region is driven by increased investment and spending on various power generation projects.

As leading manufacturers focus on expanding their footprint in this region, the market in North America is expected to rise significantly. The high demand for infrastructure development and logistics sector warehouse construction is encouraging manufacturers to expand their operations.

Market Segmentation:

By Type

  • Centre Mount
  • Side Shift

By Application

  • Highway Construction
  • Public Facilities
  • Lease
  • Other

By Distribution Channel

  • Direct Sale
  • Indirect Sale

By Geography

  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
  • The Middle East and Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Others
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Taiwan
  • Indonesia
  • Others
Frequently Asked Questions about the Global Backhoe Loader Market

What is the estimated value of the Global Backhoe Loader Market?

The Global Backhoe Loader Market was estimated to be valued at $2.72 billion in 2020.

What is the growth rate of the Global Backhoe Loader Market?

The growth rate of the Global Backhoe Loader Market is 6.1%, with an estimated value of $4.13 billion by 2027.

What is the forecasted size of the Global Backhoe Loader Market?

The Global Backhoe Loader Market is estimated to be worth $4.13 billion by 2027.

Who are the key companies in the Global Backhoe Loader Market?

Key companies in the Global Backhoe Loader Market include CNH Global, Caterpillar, J.C. Bamford Excavators, Deere & Company, Terex, Komatsu, Volvo CE, Xuzhou Construction Machinery, Liugong and Changlin.

Table of Contents

1.1. Market Definition
1.2. Market Segmentation
2.1. Research Data
2.2. Assumptions
3.1. Research Highlights
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. Threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis
5.1. Introduction
5.2. Center Mount
5.3. Side Shift
6.1. Introduction
6.2. Highway Construction
6.3. Public Facilities
6.4. Lease
6.5. Other
7.1.  Direct Sale
7.2.  Indirect Sale
8.1. Introduction
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. Germany
8.4.2. France
8.4.3. United Kingdom
8.4.4. Spain
8.4.5. Others
8.5.  The Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Israel
8.5.4. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. India
8.6.3. South Korea
8.6.4. Taiwan
8.6.5. Thailand
8.6.6. Indonesia
8.6.7. Japan
8.6.8. Others
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisition, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10.1. CNH Global
10.2. Caterpillar
10.3. J.C. Bamford Excavators
10.4. Deere & Company
10.5. Terex
10.6. Komatsu
10.7. Volvo CE
10.8. Xuzhou Construction Machinery
10.9. Liugong
10.10. Changlin
10.11. XGMA

Companies Mentioned

  • CNH Global
  • Caterpillar
  • J.C. Bamford Excavators
  • Deere & Company
  • Terex
  • Komatsu
  • Volvo CE
  • Xuzhou Construction Machinery
  • Liugong
  • Changlin
  • XGMA