A backhoe loader is a heavy
equipment vehicle that comprises a tractor-like unit fitted with a shovel or
bucket on the front and a small backhoe on the back. It is also known as a
“loader backhoe”, “digger” in layman's terms, or just “backhoe”—shortened form
used within the industry. Backhoe loaders are commonly used in urban
engineering and small construction projects, such as building a small house,
fixing urban roads, and so on, in developing countries owing to their
relatively small size and versatility properties. These types of machines are
similar to Tractor-Loader-Backhoe (TLB), which is an agricultural tractor that
is fitted with a front loader and rear backhoe attachment. Backhoe loaders can
be used for a wide variety of tasks such as construction, light transportation
of building materials, small demolitions, powering building equipment,
landscaping, digging holes/excavation, breaking asphalt, and paving the road.
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Recently, considerable growth in the
construction industry may act as a major driver of the global backhoe loader
market. Owing to this growth in the construction industry, a huge demand for
backhoe loaders is experienced for the purpose of performing various tasks. In
addition, other factors such as versatility of backhoe loaders, increasing road
construction activities, and growing number of power projects in developing
countries such as India have also boosted the growth of the global backhoe
loader market. Rising preference for center-mounted backhoe loaders is the new
trend of this market. On the other hand, high prices of backhoe loaders may
hamper the growth of the global backhoe loader market.
On the basis of application, the
global backhoe loader market is segmented as the industrial sector,
agricultural sector, civic bodies, and construction industry. Geographically,
the global market is further segmented as Asia Pacific, North America, Europe,
and Rest of the World (RoW).
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Asia Pacific dominates the global
backhoe loader market. This trend is followed by North America and Europe. Asia
Pacific is anticipated to be the largest and fastest growing market for backhoe
loader. Owing to the recent technological developments, substantial growth in
the construction of dams and canals, significant growth in the construction
industry, and increasing a number of power projects, India and China prove to
be the biggest markets for backhoe loader. The U.S. represents the largest
market for backhoe loaders, which is followed by Canada, in North America. In
addition, due to significant infrastructure development in Europe, France,
Germany, Italy, and the U.K. hold major shares in the backhoe loader market.
Some of the major companies
dominating the global backhoe loader market are J.C. Bamford Excavators
Limited, Komatsu Limited, AB Volvo, Caterpillar, Inc., and Liebherr Group.
Other key players influencing the global market are Hitachi Construction
Machinery Co., Ltd., Deere & Company, CNH Global NV, and Mahindra &
Mahindra, Ltd.
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Backhoe Loader Market: Regional
Segment Analysis
·
North America
o U.S.
·
Europe
o UK
o France
o Germany
·
Asia Pacific
o China
o Japan
o India
·
Latin America
o Brazil
·
Middle East and Africa
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