Backhoe Loaders Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2026

Published on : Jan-2020 | List of Tables : 101 | List of Figures : 127 | No. of Pages : 170 | Report Code : FACT407MR |

Backhoe Loaders Manufacturers Cashing in, as Demand Soars from Construction Sector

The global backhoe loaders market is growing significantly, due to growing demand for construction equipment to meet commercial, residential and infrastructural needs globally. The construction application segments are projected to grow ~1.5 times to cross the US$ 1.9 Bn mark by the end of the forecast period (2019-2026). Demand for rental and leasing of equipment is projected to witness robust growth during the forecast period, due to the heavy investments in infrastructure and construction. The mining industry has also witnessed high growth in recent years, where backhoe loaders are used for digging and excavation, and are foreseen to cross US$ 700 Mn mark by the end of the forecast period by contributing over 21% in the overall absolute dollar opportunity created.

backhoe loaders market 2

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Center Pivot Backhoe Loaders to Gain Traction

Currently, the market for center pivot backhoe loaders are growing significantly as these type of backhoe loaders are setting new benchmarks for better operator comfort, exceptional performance, versatility, and job site efficiency. The center pivot backhoe loaders are estimated to account for 86% in terms of revenue by 2019 end and are expected to grow   at a value CAGR of 5.7%over the forecast duration. Trailing close behind are sideshift backhoe loaders foreseen to cross ~US$ 500 million by the end of the forecast period by contributing over 11% in the overall absolute dollar opportunity created by the end of 2026.

Backhoe Loaders with 80-100 Engine Horsepower to Witness Resilient Growth

The demand for backhoe loaders with high engine horsepower is growing as it offers better performance, higher fuel saving and fast response time in excavation, loading and digging. Backhoe loaders with 80-100 horsepower are estimated to capture over 48% of absolute dollar opportunity created over the forecast period. However, owing to the better price to performance ratio along with the excellent maneuverability, backhoe loaders with below 80 HP are also foreseen to auger well in the global market over the forecast period. The backhoe loaders with below 80 horsepower are estimated to account for ~1.5X of the overall value created by the above 100 horsepower segment over the course of forecast duration.

 Investments in Infrastructure Development are foreseen to Reinforce Demand in Asian Countries

Countries such as India and China in the APEJ region are the key markets, owing to the number of public private partnership projects in both countries. India is a prime market for backhoe loaders, with a significant number of public private partnership projects. In addition, The development of large scale construction projects in regions such as Japan, Europe & North America are also bolstering the growth of backhoe loaders market, as the prominent countries are increasingly focusing on infrastructure development that includes construction of highways, ports, roads, and railways, which in turn is unlocking new growth avenues for backhoes loaders.  APEJ is foreseen to cross ~US$ 1.5 Billion mark by the end of the forecast period by over half of the overall absolute dollar opportunity. Collectively, North America and Europe are projected to capture for over one-third of the overall market value in the global backhoe loaders market and is estimated to witness above-average growth over the forecast period (2019-2026).

backhoe loaders market 1

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Product Launches Coupled with Rental Businesses to Stimulate Revenue Growth

Industry leaders are continuously focusing on launching enhanced backhoe loader market with more reliability and improved efficiency. For instance,

  • In October 2019, JCB launched ICXT compact backhoe loaders in North America.
  •  In December 2019, JCB India launched new ecoXpert backhoe loaders. EcoXpert 3DX backhoe loaders come with 12 percent improved mileage capability.
  • In July 2018, a joint venture between Tata Motors Limited (40 %) and Hitachi Construction Machinery Company launched the all-new backhoe loaders, under the name TATA HITACHI SHINRAI.
  • Demand for rental and leasing of equipment is projected to witness robust growth during the forecast period, due to high investments in the infrastructure and construction industry. For instance, JCB offers Heavy equipment on rent, as backhoe loaders vehicles are expensive to buy. Thus, these companies prefer leasing or renting backhoe loaders.

Backhoe Loaders Market - Scope of the Report

Fact.MR recently published a market study on the global market for backhoe loaders. The study provides detailed assessment on key market dynamics, including drivers, trends, opportunities restraints, and detailed information about the backhoe loaders market structure. The market study presents exclusive information about how the market will grow during the forecast period of 2019-2026.

Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in the Fact.MR study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the backhoe loaders market during the forecast period.

The study is relevant for stakeholders in the backhoe loaders market, including manufacturers and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the backhoe market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in Fact.MR study.

The study also includes statistics as well as facts related to the macro as well as microeconomic factors that are impacting developments in the backhoe loaders market. It also offers actionable insights based on future trends in the backhoe loaders market. Moreover, small businesses and new entrants in the market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.

Key Segments of the Backhoe Loaders Market

Fact.MR’s study on the backhoe loaders market offers information classified into five important segments: product type, engine power, maximum digging depth, application and region. This market report proposes comprehensive data and information about the important market changing aspects and evolution structures related with these categories.

Product Type

Engine Power

Maximum Digging Depth

Application

Region

Center Pivot

Under 80 HP

Under 10 Feet

Construction

North America

Sideshift

80-100 HP

10-15 Feet

Agriculture

Latin America

 

Over 100 HP

Over 15 Feet

Mining

Europe

 

 

 

Other Applications

South Asia

 

 

 

 

East Asia

 

 

 

 

Oceania

 

 

 

 

Middle East

and Africa

 

 

 

 

Caribbean

Key Questions Answered in Fact.MR Backhoe Loaders market Report

  • Which regions will continue to remain the most profitable regional markets for backhoe loaders market players?
  • Which factors will induce a change in the demand for backhoe loaders during the assessment period?
  • How will changing trends impact the backhoe loaders market?
  • How can market players capture the low-hanging opportunities in the backhoe loaders market in developed regions?
  • Which companies are leading the backhoe loaders market?
  • What are the winning strategies of stakeholders in the backhoe loaders market to upscale their position in this landscape?
  • Which boat type will hold the largest value share in the backhoe loaders market?

Backhoe Loaders market: Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the backhoe loaders market, and reach conclusions on the foreseeable growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.

Secondary resources referred to analysts in the backhoe loaders market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary resources and secondary resources act as a validation from companies in the backhoe loaders market, and makes Fact.MR’s projection on growth prospects of the backhoe loaders market more accurate and reliable.

1. Global Backhoe Loaders Market - Executive Summary

    1.1. Global Market Overview

    1.2. Global Backhoe Loaders Market - Regional Overview

    1.3. Global Backhoe Loaders Market - Opportunity Assessment

    1.4. Fact.MR Analysis

2. Global Backhoe Loaders Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Introduction and Definition

3. Market Background

    3.1. Macro - Economic Factors

    3.2. Global Automotive Sector Outlook

    3.3. Global Aerospace Industry Snapshot

    3.4. Global Construction & Agriculture Industry Scenario

    3.5. Recent Developments in Backhoe Loaders Market

    3.6. Key Challenges

    3.7. Supply Chain Analysis

    3.8. Forecast Factors: Relevance and Impact

    3.9. Market Dynamics

        3.9.1. Drivers

        3.9.2. Restraints

        3.9.3. Opportunity Analysis

4. Global Backhoe Loaders Market - Price Point Analysis

    4.1. Price Point Assessment by Region and Product 

    4.2. Price Forecast till 2026

5. Global Backhoe Loaders Market Demand (US$ Mn) Analysis 2013-2018 and Forecast, 2019-2026

    5.1. Historical Market Value (US$ Mn) Analysis, 2013-2018

    5.2. Current and Future Market Value (US$ Mn) Projections, 2019-2026

        5.2.1. Y-o-Y Growth Trend Analysis

        5.2.2. Absolute $ Opportunity Analysis

6. Global Backhoe Loaders Market Analysis 2013-2018 and Forecast 2019-2026, By Product

    6.1. Introduction / Key Findings

    6.2. Historical Market Size (US$ Mn) Analysis By Product, 2013 - 2018

    6.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Product, 2019 - 2026

        6.3.1. Center Pivot

        6.3.2. Sideshift 

    6.4. Market Attractiveness Analysis By Product

7. Global Backhoe Loaders Market Analysis 2013-2018 and Forecast 2019-2026, by Engine Power

    7.1. Historical Market Size (US$ Mn) Analysis By Engine Power, 2013 - 2018

    7.2. Current and Future Market Size (US$ Mn) Analysis and Forecast By Engine Power, 2019 - 2026

        7.2.1. Under 80 HP

        7.2.2. 80-100 HP

        7.2.3. Over 100 HP

    7.3. Market Attractiveness Analysis By Engine Power

8. Global Backhoe Loaders Market Analysis 2013-2018 and Forecast 2019-2026, by Maximum Digging Depth

    8.1. Historical Market Size (US$ Mn) Analysis By Maximum Digging Depth, 2013 - 2018

    8.2. Current and Future Market Size (US$ Mn) Analysis and Forecast By Maximum Digging Depth, 2019 - 2026

        8.2.1. Under 10 Feet

        8.2.2. 10-15 Feet

        8.2.3. Over 15 Feet

    8.3. Market Attractiveness Analysis By Maximum Digging Depth

9. Global Backhoe Loaders Market Analysis 2013-2018 and Forecast 2019-2026, by Application

    9.1. Historical Market Size (US$ Mn) Analysis By Application, 2013 - 2018

    9.2. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2019 - 2026

        9.2.1. Construction

        9.2.2. Agriculture

        9.2.3. Mining

        9.2.4. Other Applications

    9.3. Market Attractiveness Analysis By Application

10. Global Backhoe Loaders Market Analysis 2013-2018 and Forecast 2019-2026, by Region

    10.1. Historical Market Size (US$ Mn) Analysis By Region, 2013 - 2018

    10.2. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2019 - 2026

        10.2.1. North America

        10.2.2. Latin America

        10.2.3. Europe

        10.2.4. Japan

        10.2.5. APEJ

        10.2.6. Middle East and Africa (MEA)

    10.3. Market Attractiveness Analysis By Region

11. North America Backhoe Loaders Market Analysis 2013-2018 and Forecast 2019-2026

    11.1. Introduction

    11.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2018

    11.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2026

        11.3.1. By Country

            11.3.1.1. U.S.

            11.3.1.2. Canada

        11.3.2. By Product

        11.3.3. By Engine Power

        11.3.4. By Maximum Digging Depth

        11.3.5. By Application

    11.4. Market Attractiveness Analysis

        11.4.1. By Country

        11.4.2. By Product

        11.4.3. By Engine Power

        11.4.4. By Maximum Digging Depth

        11.4.5. By Application

12. Latin America Backhoe Loaders Market Analysis 2013-2018 and Forecast 2019-2026

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2018

    12.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2026

        12.3.1. By Country

            12.3.1.1. Brazil

            12.3.1.2. Mexico

            12.3.1.3. Rest of Latin America

        12.3.2. By Product

        12.3.3. By Engine Power

        12.3.4. By Maximum Digging Depth

        12.3.5. By Application

    12.4. Market Attractiveness Analysis

        12.4.1. By Country

        12.4.2. By Product

        12.4.3. By Engine Power

        12.4.4. By Maximum Digging Depth

        12.4.5. By Application

13. Europe Backhoe Loaders Market Analysis 2013-2018 and Forecast 2019-2026

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2018

    13.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2026

        13.3.1.  By Country

            13.3.1.1. EU-4

            13.3.1.2. UK

            13.3.1.3. Benelux

            13.3.1.4. Nordic

            13.3.1.5. CIS & Russia

            13.3.1.6. Rest of Europe

        13.3.2. By Product

        13.3.3. By Engine Power

        13.3.4. By Maximum Digging Depth

        13.3.5. By Application

    13.4. Market Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Product

        13.4.3. By Engine Power

        13.4.4. By Maximum Digging Depth

        13.4.5. By Application

14. Japan Backhoe Loaders Market Analysis 2013-2018 and Forecast 2019-2026

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2018

    14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2026

        14.3.1. By Product

        14.3.2. By Engine Power

        14.3.3. By Maximum Digging Depth

        14.3.4. By Application

    14.4. Market Attractiveness Analysis

        14.4.1. By Product

        14.4.2. By Engine Power

        14.4.3. By Maximum Digging Depth

        14.4.4. By Application

15. APEJ Backhoe Loaders Market Analysis 2013-2018 and Forecast 2019-2026

    15.1. Introduction

    15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2018

    15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2026

        15.3.1. By Country

            15.3.1.1. China

            15.3.1.2. India

            15.3.1.3. ASEAN

            15.3.1.4. South Korea

            15.3.1.5. Rest of APEJ

        15.3.2. By Product

        15.3.3. By Engine Power

        15.3.4. By Maximum Digging Depth

        15.3.5. By Application

    15.4. Market Attractiveness Analysis

        15.4.1. By Country

        15.4.2. By Product

        15.4.3. By Engine Power

        15.4.4. By Maximum Digging Depth

        15.4.5. By Application

16. Middle East and Africa Backhoe Loaders Market Analysis 2013-2018 and Forecast 2019-2026

    16.1. Introduction

    16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2018

    16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2026

        16.3.1.  By Country

            16.3.1.1. GCC Countries

            16.3.1.2. Turkey

            16.3.1.3. South Africa

            16.3.1.4. Israel

            16.3.1.5. Rest of MEA

        16.3.2. By Product

        16.3.3. By Engine Power

        16.3.4. By Maximum Digging Depth

        16.3.5. By Application

    16.4. Market Attractiveness Analysis

        16.4.1. By Country

        16.4.2. By Engine Power

        16.4.3. By Maximum Digging Depth

        16.4.4. By Product

        16.4.5. By Application

17. Market Structure Analysis

    17.1. Global Backhoe Loaders Market - A Dashboard View

    17.2. Global Backhoe Loaders - Industry Structure

    17.3. Global Backhoe Loaders Market Company Share Analysis

18. Company Profiles

    18.1. Caterpillar Inc.

        18.1.1. Company Overview

        18.1.2. Product overview

        18.1.3. SWOT Analysis

        18.1.4. Key Developments

    18.2. Deere & Co

        18.2.1. Company Overview

        18.2.2. Product overview

        18.2.3. SWOT Analysis

        18.2.4. Key Developments

    18.3. CNH Industrial N.V

        18.3.1. Company Overview

        18.3.2. Product overview

        18.3.3. SWOT Analysis

        18.3.4. Key Developments

    18.4. Komatsu Ltd

        18.4.1. Company Overview

        18.4.2. Product overview

        18.4.3. SWOT Analysis

        18.4.4. Key Developments

    18.5. Mahindra & Mahindra Limited

        18.5.1. Company Overview

        18.5.2. Product overview

        18.5.3. SWOT Analysis

        18.5.4. Key Developments

    18.6. Terex Corporation

        18.6.1. Company Overview

        18.6.2. Product overview

        18.6.3. SWOT Analysis

        18.6.4. Key Developments

    18.7. Hitachi Construction Machinery Co., Ltd

        18.7.1. Company Overview

        18.7.2. Product overview

        18.7.3. SWOT Analysis

        18.7.4. Key Developments

    18.8. JCB, Inc

        18.8.1. Company Overview

        18.8.2. Product overview

        18.8.3. SWOT Analysis

        18.8.4. Key Developments

    18.9. Guangxi LiuGong Machinery Co., Ltd

        18.9.1. Company Overview

        18.9.2. Product overview

        18.9.3. SWOT Analysis

        18.9.4. Key Developments

19. Research Methodology

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Backhoe Loaders Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2026