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In its recently published report titled “Backhoe Loaders Market by 2026” Research Report Insights (RRI) reflects steady growth prospects for the global backhoe loaders market. Over a 10-year assessment period, the market is projected for a moderate CAGR of 5.9%, reaching a value beyond US$ 4.0 Bn by 2026 end.
Momentous infrastructure development, including roads, dams, railways, and other construction projects, is identified to be the most prominent factor driving the demand for backhoe loaders. Increasing initiatives by governments and growing support by FDI authorities will further push the market, especially in India.
Regional Insights: Emerging Asian countries will reportedly witness an upswing over the forecast period
APEJ is expected to continue holding the maximum revenue share throughout the forecast period. This region will possibly exceed a value of US$ 1 Bn in the first half of the assessment period. The largest and most lucrative market within APEJ will be India, anticipated to witness a CAGR of 6.9% over 2016-2026.
Following saturation in developed markets, key players tapped into several attractive opportunities in developing markets, which remain unaffected by recent global housing crisis due to exploding population.
Amplified focus of the Indian government on rapid infrastructure development will continue to play a key role in driving the Asian market for backhoe loaders. With easier finance schemes, the sales of backhoe loaders in this region are expected to witness stable buoyancy. In India especially, JCB is likely to account for a whopping market share of over three-fourth of the entire revenue.
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Backed strongly by the backhoe loaders market in the U.S., North America is likely to retain the second largest market position. Latin America is also expected to witness a remarkable market share.
Vendor Insights: JCB reaffirms the leading market position
While JCB (JC Bamford Excavators Ltd. will continue to be the largest market player accounting for over 20% revenue share over the forecast period, all the top eight players will collectively cover-up around 85% share of the entire market revenues by 2026.
Besides JCB, CNH Industrial NV, Volvo Construction Group, Hitachi Construction Machinery Co., Ltd., Caterpillar Inc., Komatsu Ltd., Deere & Company, and Terex Corporation are among the most prominent companies participating in the global backhoe loaders marketplace.
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Product-type Insights: Center-mount loaders continue to outsell side-shift equipment
Center-mount backhoe loaders will continue to monopolize the market with over 86% revenue share over the forecast period. While this type of loaders will gain the maximum traction in APAC and North America, the side-shift loaders will continue to gain concentrated sales across Europe.
End-use Insights: Construction & mining continue maximum consumption
With a sweeping range of applications in various end-use industries, such as construction, mining, agriculture, forestry, and utility, backhoe loading equipment will continue to witness significant demand.
Construction & mining will reportedly continue to be the largest end-use sector, accounting for over half of the revenues. Growing adoption of smart cities industry will be among the primary drivers.
Consumption of backhoe loaders from the agriculture & forestry sector will also be significant; this application segment will expand at a CAGR of 5.9% CAGR through 2026.
Report Analysis@https://www.researchreportinsights.com/report/rd/110114732/Backhoe-Loaders-Market
In this report, our team research the global Electric Vehicles for Construction, Agriculture and Mining market by type, application, region and manufacturer 2014-2020 and forcast 2021-2026.
For the region, type and application, the sales, revenue and their market share, growth rate are key research objects; we can research the manufacturers' sales, price, revenue, cost and gross profit and their changes.
What's more, we will display the main consumers, raw material manufacturers, distributors, etc.Request a sample of this research study at https://www.radiantinsights.com/research/global-electric-vehicles-for-construction-agriculture-and-mining-sales-market-report-2020/request-sampleGeographically, this report split global into several key Regions, with sales (K Units), revenue (M USD), market share and growth rate of Electric Vehicles for Construction, Agriculture and Mining for these regions, from 2014 to 2026 (forecast), coveringChinaUSAEuropeJapanKoreaIndiaSoutheast AsiaSouth AmericaGlobal Electric Vehicles for Construction, Agriculture and Mining market competition by top manufacturers/players, with Electric Vehicles for Construction, Agriculture and Mining sales volume, Price (USD/Unit), revenue (M USD) and market share for each manufacturer/player; the top players includingKomatsu/Joy GlobalCaterpillarHitachiJohn DeereVolvoAtlas CopcoSUNWARDMerloOtherOn the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split intoHybridPure-electricOn the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Electric Vehicles for Construction, Agriculture and Mining for each application, includingConstructionMiningAgricultureView Full Report with TOC @ https://www.radiantinsights.com/research/global-electric-vehicles-for-construction-agriculture-and-mining-sales-market-report-2020About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process.
We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.Media Contact: Michelle Thoras 201 Spear Street 1100, Suite 3036, San Francisco, CA 94105, United States Tel: 1-415-349-0054 Toll Free: 1-888-928-9744 Mail: [email protected]: http://www.radiantinsights.com/
Also known as articulated dump trucks, articulated haulers are large, heavy duty variants of dump trucks, which are primarily used to transport larger loads in rough terrain.
Most of these vehicles are equipped with all wheel drives.
While the vehicle was first developed to transport soil and other aggregates, in recent times these vehicles are also finding application in the fields of highway maintenance, agriculture, construction, and mining.
The global articulated hauler market is largely controlled by a few companies, which hold control over most of the demand from haulers including end use industries, which has resulted in a consolidated business atmosphere.Major players such as Hitachi construction, Caterpillar, Deere & Company, Komatsu, CNH Industrial N.V., and Volvo are increasing their investments into research and development activities, regional expansion, and the launch of new products, to maintain their greater market share.
In addition, the European construction industry, which has been witnessing growth in recent years, has now plateaued, and will gradually decline in the near future.
Consequently, vehicle manufacturers are reducing the production of equipment such as excavators, cranes and more.On the other hand, the demand for articulated haulers has continued to go up, which has offset the falling use of rigid haulers.
UpMarketResearch offers a latest published report on “Global Autopatrol Market Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report.
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