Backhoe Loader Market - Global Industry Analysis

Backhoe Loader Market Type (Center Mount and Side Shift), End Use (Construction and Mining, Industrial, Agriculture, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 16-Oct-2020 Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-228 Status : Published

According to the report published by Zion Market Research, global demand for backhoe loader market was valued at approximately USD 2.58 Billion in 2019, and is expected to generate revenue of around USD 3.72 Billion by end of 2026, growing at a CAGR of around 5.5% between 2020 and 2026.

Description

According to the report published by Zion Market Research, global demand for backhoe loader market was valued at approximately USD 2.58 Billion in 2019, and is expected to generate revenue of around USD 3.72 Billion by end of 2026, growing at a CAGR of around 5.5% between 2020 and 2026.

Global Backhoe Loader Market: Overview

Backhoe loader is a heavy equipment vehicle that comprises of a backhoe at the back and a shovel on the front. The backhoe loader is considerably small in size and is broadly used in construction projects. The core structure of a backhoe loader is designed to effortlessly manoeuvre the loader on all types of terrains. The outbreak of COVID-19 led governments of numerous countries to impose strict lockdown measures in the early stages of the pandemic to curb the spread of the virus. Owing to this, construction activities were halted and market players faced various challenges due to disruptions in supply chain.

Global Backhoe Loader Market: Growth Factors

The global backhoe loader market is primarily driven by the rising investments in construction sector. Rising urbanization has led to an increase in construction of residential and commercial infrastructure. Moreover, smart city initiatives taken by governments of various developing nations such as China and India is anticipated to propel the market demand over the next six years. According to the Indian Construction Equipment Manufacturers’ Association (ICEMA), the demand for backhoe loader grew by 22% in India during the financial year 2017-2018. This number is projected to rise during the forecast period.

Global Backhoe Loader Market: Segmentation

The backhoe loader market is bifurcated on the basis of type and end use. By type, the market is divided into center mount and side shift. On the basis of end use, the backhoe loader market includes construction and mining, industrial, agriculture, others. The side shift segment held the highest market share in 2019. The side shift type consists of a carrier that is capable of sliding from one side to another along frame rails. This allows operators to manoeuvre in small spaces owing to which they are preferred over center mount loaders.

The end use segment of the backhoe loader market is classified into construction and mining, industrial, agriculture, and others. The construction and mining segment is expected to grow at a notable CAGR. According to the U.S. Census Bureau, the overall construction spending in the U.S. for August 2020 was USD 1.41 trillion as compared to USD 1.39 trillion in October 2020. This trend is expected to continue over the year due to which the demand for backhoe loaders will rise in the second half of 2020.

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Global Backhoe Loader Market: Regional Analysis

The Asia Pacific region is estimated to grow at the fastest CAGR over the forecast period. This is due to the increasing construction activities in developing economies. North America will mostly witness substantial growth as key market players are likely to maintain their operations in this region. This is attributable to the increasing adoption of backhoe loaders in various industrial applications. The European backhoe loader market is expected to witness substantial demand over the coming years owing to its rising adoption in agricultural sector.

Global Backhoe Loader Market: Competitive Players

Some main participants of the backhoe loader market are Komatsu, Deere & Company, Caterpillar, J.C Bamford Excavators, Mahindra Construction Equipment, AB Volvo, Manitou Group, Action Construction Equipment Ltd., CNH Industrial, and Doosan Corporation, among others.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Backhoe Loader Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.2.Report Scope
  • Chapter 2.Research Methodology
    • 2.1.Research Methodology
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modeling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Backhoe Loader Market, 2016 – 2026 (USD Billion)
    • 3.2.Global Backhoe Loader Market: Snapshot
  • Chapter 4.Backhoe Loader Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
      • 4.2.1.Driving Factor 1 Analysis
      • 4.2.2.Driving Factor 2 Analysis:
    • 4.3.Market Restraints
      • 4.3.1.Restraining Factor Analysis
    • 4.4.Market Opportunities
      • 4.4.1.Market Opportunity & Use-case Anaysis
      • 4.4.2.Use – Cases for Backhoe Loader
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
      • 4.6.1.1.Impact on Product Development and Technology Adoption
      • 4.6.1.2.Gap Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Backhoe Loader Market Attractiveness, By Type
    • 5.2.Global Backhoe Loader Market Attractiveness, By End Use
    • 5.3.Global Backhoe Loader Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global Backhoe Loader Market: Company Market Share, 2019
    • 6.2.Strategic Developments
  • Chapter 7.Backhoe Loader Market – Type Analysis
    • 7.1.Global Backhoe Loader Market Overview: by Type
      • 7.1.1.Global Backhoe Loader Market Revenue Share, by Type, 2019 & 2026
    • 7.2.Global Backhoe Loader Market Analysis/Overview – By Type
      • 7.2.1.Center Mount – Overview/Analysis
      • 7.2.2.Side Shift – Overview/Analysis
    • 7.3.Center Mount
      • 7.3.1.Global Backhoe Loader Market for Center Mount , Revenue (USD Billion) 2016 - 2026
    • 7.4.Side Shift
      • 7.4.1.Global Backhoe Loader Market for Side Shift, Revenue (USD Billion) 2016 - 2026
  • Chapter 8.Backhoe Loader Market – End Use Analysis
    • 8.1.Global Backhoe Loader Market Overview: by End Use
      • 8.1.1.Global Backhoe Loader Market Revenue Share, by End Use, 2019 & 2026
    • 8.2.Global Backhoe Loader Market Analysis/Overview – By End Use
      • 8.2.1.Construction and Mining – Overview/Analysis
      • 8.2.2.Industrial – Overview/Analysis
      • 8.2.3.Agriculture – Overview/Analysis
      • 8.2.4.Others – Overview/Analysis
    • 8.3.Construction and Mining
      • 8.3.1.Global Backhoe Loader Market for Construction and Mining, Revenue (USD Billion) 2016 - 2026
    • 8.4.Industrial
      • 8.4.1.Global Backhoe Loader Market for Industrial, Revenue (USD Billion) 2016 - 2026
    • 8.5.Agriculture
      • 8.5.1.Global Backhoe Loader Market for Agriculture, Revenue (USD Billion) 2016 - 2026
    • 8.6.Others
      • 8.6.1.Global Backhoe Loader Market for Others, Revenue (USD Billion) 2016 - 2026
  • Chapter 9.Backhoe Loader Market – Regional Analysis
    • 9.1.Global Backhoe Loader Market: Regional Overview
      • 9.1.1.Global Backhoe Loader Market Revenue Share, by Region, 2019 & 2026
      • 9.1.2.Global Backhoe Loader Market Revenue, by Region, 2016 – 2026 (USD Billion)
    • 9.2.North America
      • 9.2.1.North America Backhoe Loader Market Revenue, 2016 - 2026 (USD Billion)
      • 9.2.2.North America Backhoe Loader Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 9.2.3.North America Backhoe Loader Market Revenue, by Type, 2016 – 2026
      • 9.2.4.North America Backhoe Loader Market Revenue, by End Use, 2016 – 2026
      • 9.2.5. U.S.
      • 9.2.6.Canada
    • 9.3.Europe
      • 9.3.1.Europe Backhoe Loader Market Revenue, 2016 - 2026 (USD Billion)
      • 9.3.2.Europe Backhoe Loader Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 9.3.3.Europe Backhoe Loader Market Revenue, by Type, 2016 – 2026
      • 9.3.4.Europe Backhoe Loader Market Revenue, by End Use, 2016 – 2026
      • 9.3.5.Germany
      • 9.3.6.France
      • 9.3.7. U.K.
      • 9.3.8.Italy
      • 9.3.9.Spain
      • 9.3.10.Rest of Europe
    • 9.4.Asia Pacific
      • 9.4.1.Asia Pacific Backhoe Loader Market Revenue, 2016 - 2026 (USD Billion)
      • 9.4.2.Asia Pacific Backhoe Loader Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 9.4.3.Asia Pacific Backhoe Loader Market Revenue, by Type, 2016 – 2026
      • 9.4.4.Asia Pacific Backhoe Loader Market Revenue, by End Use, 2016 – 2026
      • 9.4.5.China
      • 9.4.6.Japan
      • 9.4.7.India
      • 9.4.8.South Korea
      • 9.4.9.South-East Asia
      • 9.4.10.Rest of Asia Pacific
    • 9.5.Latin America
      • 9.5.1.Latin America Backhoe Loader Market Revenue, 2016 - 2026 (USD Billion)
      • 9.5.2.Latin America Backhoe Loader Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 9.5.3.Latin America Backhoe Loader Market Revenue, by Type, 2016 – 2026
      • 9.5.4.Latin America Backhoe Loader Market Revenue, by End Use, 2016 – 2026
      • 9.5.5.Brazil
      • 9.5.6.Mexico
      • 9.5.7.Rest of Latin America
    • 9.6.The Middle-East and Africa
      • 9.6.1.The Middle-East and Africa Backhoe Loader Market Revenue, 2016 - 2026 (USD Billion)
      • 9.6.2.The Middle-East and Africa Backhoe Loader Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 9.6.3.The Middle-East and Africa Backhoe Loader Market Revenue, by Type, 2016 – 2026
      • 9.6.4.The Middle-East and Africa Backhoe Loader Market Revenue, by End Use, 2016 – 2026
      • 9.6.5.GCC Countries
      • 9.6.6.South Africa
      • 9.6.7.Rest of Middle-East Africa
  • Chapter 10.Company Profiles
    • 10.1.Komatsu
      • 10.1.1.Company Overview
      • 10.1.2.Financial Overview
      • 10.1.3.Product Portfolio
      • 10.1.4.Business Strategy
      • 10.1.5.Recent Developments
    • 10.2.Deere & Company
    • 10.3.Caterpillar
    • 10.4.J.C Bamford Excavators
    • 10.5.Mahindra Construction Equipment
    • 10.6.AB Vulvo
    • 10.7.Manitou Group
    • 10.8.Action Construction Equipment Ltd.
    • 10.9.CNH Industrial
    • 10.1.Doosan Corporation

List of Figures 

FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Backhoe Loader Market Revenue, 2016 - 2026 (USD Billion)
FIG. 5 Porter’s Five Forces Analysis for Global Backhoe Loader Market
FIG. 6 Global Backhoe Loader Market Attractiveness, By Type
FIG. 7 Global Backhoe Loader Market Attractiveness, By End Use
FIG. 8 Global Backhoe Loader Market Attractiveness, By End-User
FIG. 9 Company Share Analysis, 2019
FIG. 10 Global Backhoe Loader Market Revenue Share, by Type, 2019 & 2026
FIG. 11 Global Backhoe Loader Market for Center Mount , Revenue (USD Billion) 2016 - 2026
FIG. 12 Global Backhoe Loader Market for Side Shift, Revenue (USD Billion) 2016 - 2026
FIG. 13 Global Backhoe Loader Market Revenue Share, by End Use, 2019 & 2026
FIG. 14 Global Backhoe Loader Market for Construction and Mining, Revenue (USD Billion) 2016 - 2026
FIG. 15 Global Backhoe Loader Market for Industrial, Revenue (USD Billion) 2016 - 2026
FIG. 16 Global Backhoe Loader Market for Agriculture, Revenue (USD Billion) 2016 - 2026
FIG. 17 Global Backhoe Loader Market for Others, Revenue (USD Billion) 2016 - 2026
FIG. 18 Global Backhoe Loader Market Revenue Share, by Region, 2019 & 2026
FIG. 19 North America Backhoe Loader Market Revenue, 2016 - 2026 (USD Billion)
FIG. 20 Europe Backhoe Loader Market Revenue, 2016 - 2026 (USD Billion)
FIG. 21 Asia Pacific Backhoe Loader Market Revenue, 2016 - 2026 (USD Billion)
FIG. 22 Latin America Backhoe Loader Market Revenue, 2016 - 2026 (USD Billion)
FIG. 23 The Middle-East and Africa Backhoe Loader Market Revenue, 2016 - 2026 (USD Billion)
FIG. 24 Komatsu Business Segment Revenue Share, 2018 (%)
FIG. 25 Komatsu Geographical Segment Revenue Share, 2018 (%)
 


List of Tables

TABLE 1 Global Backhoe Loader Market: Snapshot
TABLE 2 Drivers of the Backhoe Loader Market: Impact Analysis
TABLE 3 Restraints for the Backhoe Loader Market: Impact Analysis
TABLE 4 Global Backhoe Loader Market Revenue, by Region, 2016 – 2026 (USD Billion)
TABLE 5 North America Backhoe Loader Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 6 North America Backhoe Loader Market Revenue, by Type, 2016 – 2026 (USD Billion)
TABLE 7 North America Backhoe Loader Market Revenue, by End Use, 2016 – 2026 (USD Billion)
TABLE 8 Europe Backhoe Loader Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 9 Europe Backhoe Loader Market Revenue, by Type, 2016 – 2026 (USD Billion)
TABLE 10 Europe Backhoe Loader Market Revenue, by End Use, 2016 – 2026 (USD Billion)
TABLE 11 Asia Pacific Backhoe Loader Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 12 Asia Pacific Backhoe Loader Market Revenue, by Type, 2016 – 2026 (USD Billion)
TABLE 13 Asia Pacific Backhoe Loader Market Revenue, by End Use, 2016 – 2026 (USD Billion)
TABLE 14 Latin America Backhoe Loader Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 15 Latin America Backhoe Loader Market Revenue, by Type, 2016 – 2026 (USD Billion)
TABLE 16 Latin America Backhoe Loader Market Revenue, by End Use, 2016 – 2026 (USD Billion)
TABLE 17 The Middle-East and Africa Backhoe Loader Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 18 The Middle-East and Africa Backhoe Loader Market Revenue, by Type, 2016 – 2026 (USD Billion)
TABLE 19 The Middle-East and Africa Backhoe Loader Market Revenue, by End Use, 2016 – 2026 (USD Billion)

Methodology

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FrequentlyAsked Questions

Rising investments in construction sector is likely to propel the backhoe loader market. In addition, the increasing adoption in the agricultural sector is also estimated to positively impact the backhoe loader market globally.

According to Zion Market Research, global demand for backhoe loader market is expected to generate revenue of around USD 3.72 Billion by end of 2026, growing at a CAGR of around 5.5% between 2020 and 2026.

The Asia Pacific backhoe loader market is projected to grow at the fastest CAGR over the forecast period. Smart city initiatives taken by governments of India and China are expected to drive the market demand.

Some main participants of the backhoe loader market are Komatsu, Deere & Company, Caterpillar, J.C Bamford Excavators, Mahindra Construction Equipment, AB Volvo, Manitou Group, Action Construction Equipment Ltd., CNH Industrial, and Doosan Corporation, among others.

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