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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Growing Government Focus on Infrastructure Growth to Aid the Market Growth of Backhoe Loaders
The market growth of backhoe loaders is being driven by several governments worldwide that are concentrating more on infrastructural growth, such as the construction of ports, roads, highways, and railways, consequently generating new opportunities for the manufacturers of backhoe loaders. The market is further positively influenced by the ongoing trends witnessed in the global market for construction equipment, especially the provision of rental equipment.
Backhoe Loaders Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global market for backhoe loaders is projected to grow at a CAGR of 6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 6.10 billion by 2032.
The major drivers of the market are rising disposable incomes, increasing population, growing demand from the construction industry, and increasing government focus on infrastructure growth.
The key trend guiding the growth of the market includes the rising popularity of rental equipment, migration of people to urban areas, and technological improvements.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different product types in the market are side shift and centre mount.
The major digging depth in the market are under 10 feet, 10-15 feet, and over 15 feet.
The significant engine powers in the market are under 80 HP, 80-100 HP, and over 100 HP.
The various distribution channels in the market are direct sales and indirect sales.
The major applications in the market are agriculture, mining, small demolitions, construction, transportation of building materials, and powering building equipment, among others.
The major players in the global backhoe loaders market are Bobcat Company, Mahindra Construction Equipment, Komatsu Europe International N.V., Scot JCB Ltd, Caterpillar, and AB Volvo, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124