Backhoes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026
- Transparency Market Research
Backhoe is type of excavating equipment attached at the back of the tractor. It consists of a bucket attached at the end of two articulated arms that are operated hydraulically. Backhoe is utilized for digging, breaking of large structures, or earth moving applications. Pat of the arms, which holds the bucket, is known as dipper and the other part of the arm is known as boom.
Demand for backhoes is likely to rise at a significant pace during the forecast period due to consistent increase in the number of construction sites, which require numerous earth moving and digging machinery on site. Increase in the number of mining industries is boosting the demand for backhoes. Rise in population in certain regions across the globe such as countries in Asia Pacific has led to increasing congestion in existing cities. Rising congestion has prompted people to move to different places, which in turn boosts the construction industry. Expansion of construction and mining industries is fuelling the market of backhoes.
The backhoes market can be segmented based on types of wheels, application, geometry, and geography.
Based on types of wheels, the backhoes market can be segmented into crawler backhoe and wheeled backhoe. The wheeled backhoe segment is likely to hold a major share of the backhoes market owing to its several advantages over the crawler backhoe such as low cost, high speed, and low maintenance cost. Wheeled backhoes are generally utilized for lighter jobs and can be maneuvered on rough as well as smooth surfaces; however, the other segment is only utilized for heavy jobs and can be maneuvered on rough surfaces only.
Based on application, the construction industry segment is likely to hold a major share of the backhoes market. Backhoes have major applications in the construction industry as digging and earth moving equipment. They are employed in the construction industry for moving different materials such as granules, stones, and soil.
Based on capacity of the backhoes, the medium segment is likely to lead the backhoe market in terms of volume, as it can be employed for maximum number industries. Moreover, medium capacity backhoes are utilized in construction industries. Therefore, the medium capacity backhoe segment holds a higher share, as compared to the other segments.
Based on geometry of the boom, the straight boom backhoe segment is anticipated to hold a major share of the backhoe market. Straight boom has many advantages over the later invented booms. The other booms were invented to fasten up the controlling and working of the backhoe; however, due to several drawbacks, consumers prefer straight boom over the other booms.
Based on geography, Asia Pacific is likely to dominate the global backhoes market, followed by North America. The backhoe market in Asia Pacific is expanding at a rapid pace owing to rapid expansion of industries and urbanization in China, India, and other countries in the region.
Key players operating in the global backhoes market include Caterpillar Inc., Hitachi Ltd., Deere & Company, Kawasaki Heavy Industries, Limited, Komatsu Ltd., and New Holland Construction.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.