Worldwide Backhoe Loader Markets to 2023: Expected to Grow at a CAGR of 6% - Analysis by Product and Region
DUBLIN, Nov 14, 2018 /PRNewswire/ --
The "Global Backhoe Loaders Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The construction industry is growing rapidly in Asia, Africa, and the Middle East. This has led to an increase in fleet size and boosted the demand for onboard telematics in small construction equipment. With the scope of telematics being expanded from basic features, the increasing use of telematics in compact and small construction equipment will drive the growth of backhoe loaders market during the forecast period.
The backhoe loaders market is forecast to register a CAGR of almost 6% by 2023.
The increasing use of telematics in small and compact construction equipment will help in providing better visibility of assets to fleet owners. The use of telematics will help in better fleet management and preventive maintenance, which will help in the growth of the backhoe loaders market.
According to the report, one of the major drivers for this market is the growing investment in the construction of natural gas pipelines. The increasing demand for natural gas has led to a growth in natural gas pipeline projects. This have boosted the growth of the backhoe loaders market as it is an essential construction equipment in the pipeline projects.
Further, the report states that one of the major factors hindering the growth of this market is the high concentration of the backhoe loaders market with very few countries accounting for the highest unit sales. A high reliance on a few countries will hamper the growth of the market since any slowdown of the construction sector in these countries will affect the revenue generated.
The market appears to be fairly concentrated and with the presence of companies such as Caterpillar, and Deere & Company the competitive environment is intense. Factors such as the increasing demand for natural gas pipeline projects, will provide considerable growth opportunities to backhoe loader manufacturers.
Key Vendors Profiled
- Caterpillar
- Deere & Company
- JC Bamford Excavators
- Komatsu
- Manitou
- Mecalac
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- Side-shift - Market size and forecast 2018-2023
- Center-pivot - Market size and forecast 2018-2023
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- Americas - Market size and forecast 2018-2023
- EMEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TREND
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Caterpillar
- Deere & Company
- JC Bamford Excavators
- Komatsu
- Manitou
- Mecalac
For more information about this report visit https://www.researchandmarkets.com/research/49wfwr/worldwide_backhoe?w=5
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
News published on and distributed by:
