Backhoe Loaders Market by Product and Geography - Forecast and Analysis 2021-2025

The backhoe loaders market share is expected to increase by USD 1.58 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.33%.

This backhoe loaders market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers backhoe loaders' market segmentation by product (side-shift and center-pivot) and geography (APAC, North America, Europe, MEA, and South America). The backhoe loaders market report also offers information on several market vendors, including Caterpillar Inc., China National Machinery Industry Corp. Ltd., CNH Industrial NV, Deere & Co., Doosan Corp., Groupe Mecalac SAS, J C Bamford Excavators Ltd., Komatsu Ltd., Mahindra and Mahindra Ltd., and Wacker Neuson SE among others.

What will the Backhoe Loaders Market Size be During the Forecast Period?

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Backhoe Loaders Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing investment in natural gas pipeline projects is notably driving the backhoe loaders market growth, although factors such as high concentration of demand may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the backhoe loaders industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Backhoe Loaders Market Driver

Growing investment in natural gas pipeline projects is one of the key factors driving the growth of the global backhoe loaders market. Natural gas is the cleanest fossil fuel available in the world. It emits 50% less carbon dioxide and 75% fewer nitrogen oxides than coal. Apart from this, a massive rise in natural gas production in the US, Qatar, China, Iran, and Australia has ensured low-cost supplies of natural gas worldwide. Thus, the use of natural gas for power generation, domestic and commercial heating, and industrial furnaces has increased significantly. The global consumption of natural gas is expected to rise by 10% during the forecast period. This is leading to increased investments in the construction of natural gas pipelines for the transmission and distribution of natural gas. For example, according to the US Energy Information Administration (EIA), the US has 81 natural gas pipeline projects having a total length of 3,650 miles that are either approved or under construction. However, the growing demand for natural gas across the globe, coupled with increased investments in the construction of natural gas pipeline projects, should increase the demand for backhoe loaders.

Key Backhoe Loaders Market Trend

Increasing the use of telematics in compact and small construction equipment will fuel the global backhoe loaders market growth. Most of the established construction equipment manufacturers have been offering the option of telematics for large construction equipment since the early 2000s. However, there is a rising trend of providing telematics as a standard or optional feature even for compact or small construction equipment, including backhoe loaders. Some of the commonest types of information availed by the onboard telematics on a backhoe loader include the global positioning system (GPS) location and the run time of the equipment. This information helps fleet owners in fleet management and preventive maintenance scheduling. The rapid growth of the construction industry in Asia, the Middle East, and Africa, which are also the fastest-growing markets for backhoe loaders, has also increased the fleet size of most of the fleet owners. Thus, fleet owners require more visibility of their assets for better management. Apart from this, communication infrastructure has also improved significantly in most of the developing and emerging markets. Thus, onboard telematics is expected to become a standard feature in the global backhoe loaders market during the forecast period.

Key Backhoe Loaders Market Challenge

High concentration of demand is the major challenge for the global backhoe loaders market growth. The global backhoe loaders market is concentrated in a few countries around the world. For instance, India and the US alone account for around 55% of the global backhoe loaders market. A high reliance of the market on a few countries to generate most of its revenue poses a significant growth risk as a slowdown in the construction sector of any of these countries may hinder the growth of the market. For instance, India accounts for nearly 40% of the total sales value of backhoe loaders in the world. The upcoming 2024 general elections in India may result in an increased allocation of public funds from infrastructure projects to populist measures such as energy, food subsidies, and waiver of farm loans. Such a structural shift in the economy may hamper the growth of the construction equipment market in India. The increasing interest rates in the US may slow down the growth of the residential construction market and the backhoe loaders market in the US, which will affect the global market too. Thus, vendors need to develop new markets for backhoe loaders to minimize the risks.

This backhoe loaders market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global backhoe loaders market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the backhoe loaders market during the forecast period.

Who are the Major Backhoe Loaders Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Caterpillar Inc.
• China National Machinery Industry Corp. Ltd.
• CNH Industrial NV
• Deere & Co.
• Doosan Corp.
• Groupe Mecalac SAS
• J C Bamford Excavators Ltd.
• Komatsu Ltd.
• Mahindra and Mahindra Ltd.
• Wacker Neuson SE

 

This statistical study of the backhoe loaders market encompasses successful business strategies deployed by the key vendors. The backhoe loaders market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Caterpillar Inc. - The company offers backhoe loaders models such as 426F2 and 424B2.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The backhoe loaders market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Backhoe Loaders Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the backhoe loaders market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global industrial machinery market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Backhoe Loaders Market?

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65% of the market’s growth will originate from APAC during the forecast period. India, Japan, and China are the key markets for backhoe loaders market in APAC. Market growth in this region will be faster than the growth of the market in regions.

Growing investment in natural gas pipeline projects will facilitate the backhoe loaders market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Industrial activities in the region were adversely affected in 2020, owing to the outbreak of COVID-19. Stringent lockdowns and social distancing regulations pushed many infrastructure development projects to come to a temporary halt. However, in countries such as India, spending on some infrastructure projects that were expected to contribute to economic growth in the country remained strong. For instance, in 2020, the Indian Railways carried out the renovation of some old railway lines and completed projects that had been pending, as railway services were suspended due to lockdowns and travel bans. This cushioned the adverse impact of the pandemic to some extent. Moreover, as vaccination drives gain momentum, the recovery of the regional construction industry is expected to pick up pace in 2021. Governments across the region are expected to pour investments into infrastructure development, which is expected to drive the growth of the market in focus during the forecast period.

What are the Revenue-generating Product Segments in the Backhoe Loaders Market?

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The backhoe loaders' market share growth in the Side-shift segment will be significant during the forecast period. Backhoe loaders are usually operating in close proximity to existing buildings and structures. This makes the side-shift backhoe loaders an appropriate choice for such projects as they have better visibility and lesser footprint area than center-pivot backhoe loaders. The same reasons apply to the high adoption rate of the side-shift type of backhoe loaders in Southeast Asia and South America. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the backhoe loaders market size and actionable market insights on post COVID-19 impact on each segment.

 

Backhoe Loaders Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 4.33%
Market growth 2021-2025	$ 1.58 billion
Market structure	Concentrated
YoY growth (%)	11.81
Regional analysis	APAC, North America, Europe, MEA, and South America
Performing market contribution	APAC at 65%
Key consumer countries	India, US, Canada, Japan, China, and Turkey
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Caterpillar Inc., China National Machinery Industry Corp. Ltd., CNH Industrial NV, Deere & Co., Doosan Corp., Groupe Mecalac SAS, J C Bamford Excavators Ltd., Komatsu Ltd., Mahindra and Mahindra Ltd., and Wacker Neuson SE
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Backhoe Loaders Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive backhoe loaders market growth during the next five years
• Precise estimation of the backhoe loaders market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the backhoe loaders industry across APAC, North America, Europe, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of backhoe loaders market vendors

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