Global Backhoe Bucket Market 2017-2021

Overview of the global backhoe bucket market

The rapid urbanization in the developing nations is resulting in the construction of tall buildings or high-rises such as skyscrapers to maximize the utilization of land. This compels manufacturers to employ backhoe loaders in the construction of skyscrapers. Backhoe loaders exhibit compact footprint and versatility in applications due to their ability to use various excavator attachments. Research analysis on the global backhoe bucket market identifies that the rising number of high-rise buildings will be one of the major factors that will have a positive impact on the growth of the market. The increasing focus of governments across the globe towards building intricate and complex designs and spectacular or iconic buildings with varied geometric shapes to showcase their impressive engineering will drive the need for construction equipment such as backhoe excavator bucket. Technavio's market research analysts predict that this market will grow at a CAGR of close to 6% by 2021.

The introduction of hybrid backhoe loaders is identified as one of the key trends that will gain traction in the global backhoe bucket market during the estimated period. Hybrid electric backhoe loaders are designed to save fuel and considerably reduce fuel costs. The new electric or diesel hybrid backhoe loader developed by John Deere and Designworks reduces the costs and is highly fuel-efficient. They exhibit a minimal effect on the environment and do not compromise on performance.

Competitive landscape and key vendors

The backhoe bucket market is competitive and fragmented due to the presence of several local and international vendors. The international players produce and offer technologically advanced products in bulk. Small producers find it difficult to compete with the large vendors due to the rising costs of manufacturing, operations, new product development, marketing, and distribution. Vendors in the backhoe loaders market are also focusing on strong customer relationships and superior product quality to survive and sustain in this competitive environment.

Key vendors in this market are -

• Felco Industries
• Geith International
• LEMAC
• Rockland Manufacturing
• TAG Manufacturing

Other prominent vendors in the market include Action Construction Equipment, Bobcat Company (Doosan), Bull Machine, Caterpillar, CNH Industrial, D&E Manufacturing, Deere & Company, Empire Bucket, ERMOTEC International, ESCO, Escorts Group, Fleco Attachments, H&H Manufacturing, Hensley Industries, HiDROMEK, Hill Engineering, HSM, Huddig, Hydrema, J C Bamford Excavators, KIOTI, Kismet Industries, Komatsu, KUBOTA, LeeBoy, Liugong Machinery, Mahindra Construction Equipment  (MCE), Massey Ferguson, Mayura Steels, Model Infra, POWERPLUS GROUP, Rakheja Engineers, Solesbee's Equipment & Attachments, Strickland US, Tata Hitachi Construction Machinery, Terex, Vectra, VERGA, VF VENIERI, Werk-Brau, and XCMG Group.

Segmentation by end-user and analysis of the backhoe bucket market

• Construction
• Mining

Construction companies and contractors highly rely on backhoe loaders for various purposes such as preparing sites, laying the foundation, and material handling. The demand for backhoe loaders will increase from this end-user segment till 2021 due to the rapid urbanization and the rising number of housing projects.

Segmentation by geography and analysis of the backhoe bucket market

• Americas
• APAC
• EMEA

The increasing construction of commercial and residential buildings in APAC will drive the demand for construction equipment such as backhoe bucket. The relaxing of regulations on trade laws in the manufacturing sector and the rising disposable incomes, will further propel the growth prospects for the backhoe bucket market in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global backhoe bucket market?
• What are the key market trends impacting the growth of the global backhoe bucket market?
• What are the challenges to market growth?
• Who are the key vendors in the global backhoe bucket market?
• What are the market opportunities and threats faced by the vendors in the global backhoe bucket market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global backhoe bucket market?

Technavio also offers customization on reports based on specific client requirement.

The bucket used for loading and unloading in a backhoe loader is called as a backhoe bucket. This upcoming research report on the global backhoe bucket market offers insights into the key trends and emerging drivers promoting the growth of the heavy industry sector. Our reports for the heavy industry sector also follow a triangulated data collection approach to present a detailed study market segments like construction.

This market study on the global backhoe bucket market also offers a detailed analysis of various construction products and services based on the comprehension of the information gathered from industry journals, vendor briefings, and webinars. Our market research practices are projected to help clients in planning and executing innovative business growth strategies and staying updated about the constantly evolving competitive landscape.

This market research report on the global backhoe bucket market also covers vendors like Caterpillar, Cseri GmbH, and LIEBHERR. With an aim to help clients to identify potential market opportunities and expand in niche market segments, this report on the global backhoe bucket market also covers geographies such as the Americas, APAC, and EMEA. According to our analysts, the growth in the global infrastructural construction and incorporation of telematics may augment the demand for backhoe buckets in the next few years.

The upcoming industry research report on the global backhoe bucket market also shortlists the key drivers, emerging trends, as well as the challenges presently faced by the construction sector. This upcoming report on the global backhoe bucket market also presents insights into the rapidly changing competitive scenario to offer a deep-dive market assessment into the sectors such as test and measurement and tools and components.