Global Backhoe Loader Market - Introduction
The backhoe loader is a tractor type vehicle fitted with bucket on the front and a backhoe on the rear. The backhoe is extensively utilized in construction projects and on farms. Backhoe loaders are also used in various other applications such as trenching, digging, back-filling, and material handling.
Global Backhoe Loader Market - Competitive Landscape
In 2017, John Deere and Designworks, a subsidy of the BMW Group, collaborated to develop newer designs for the backhoe. The two companies are expected to work together to develop a lightweight metal and hybrid powertrain for the backhoe loader.
In 2019, JCB announced the expansion of its dealership network in Ontario, Canada and Alaska, U.S. The new dealerships are anticipated to boost sales of excavators, wheel loaders, and backhoe loaders.
Established in 1925, Caterpillar is presently headquartered in Deerfield, Illinois, U.S. The company operates through the following business segments: Construction industries, energy & transportation, and resource industries. It is a leading manufacturer of construction & mining equipment vehicles, diesel & natural gas engines, locomotives and industrial gas turbine. The company has manufacturing, logistics, marketing and servicing facilities in more than 500 locations worldwide.
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Deere & Company
Founded in 1837, Deere & Company is currently headquartered in Moline, Illinois, U.S. The company has a global presence with manufacturing facilities & offices located in more than 30 countries worldwide. It is a key player in backhoe loader market and a major supplier of construction, mining, and agricultural equipment across the globe.
Global Backhoe Loader Market - Dynamics
Backhoe loader is a versatile equipment available in wide range of sizes and power options and hence gaining preference
Backhoe finds applications in loading trucks, stockpiling, trenching & lifting and hence is being preferred over excavators, truck loaders, and skid steers. The backhoe loader is a versatile machinery, which combines the functions of a tractor, loader and a backhoe and is available in a wide range of power options and sizes. Consequently, backhoe loaders are being increasingly preferred and witnessing high demand.
Expansion of construction industry fueling backhoe loader market
The construction industry has regained momentum in North America owing to economic recovery in the region, which in turn is fueling the demand for backhoe loader. The real-estate and construction sectors are witnessing expansion in developing countries such as Brazil, Mexico, and India and countries across Africa, thereby fueling the demand for the backhoe loader.
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Global Backhoe Loader Market - Segmentation
Based on application, the global backhoe loader market can be segmented into
- Construction & Mining
Based on powertrain, the global backhoe loader market can be bifurcated into
Based on product, the global backhoe loader market can be classified into
- Side-Shift backhoe loaders
- Center Pivot backhoe loaders
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