Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the Backhoe Loaders Market during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues and key prospect. The insights and analytics on the Backhoe Loaders Market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.
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Demand for rental and leasing of equipment is projected to witness robust growth during the forecast period, due to the heavy investments in infrastructure and construction. The mining industry has also witnessed high growth in recent years, where backhoe loaders are used for digging and excavation, and are foreseen to cross US$ 700 Mn mark by the end of the forecast period by contributing over 21% in the overall absolute dollar opportunity created.
Center Pivot Backhoe Loaders to Gain Traction
Currently, the market for center pivot backhoe loaders are growing significantly as these type of backhoe loaders are setting new benchmarks for better operator comfort, exceptional performance, versatility, and job site efficiency. The center pivot backhoe loaders are estimated to account for 86% in terms of revenue by 2019 end and are expected to grow at a value CAGR of 5.7%over the forecast duration. Trailing close behind are sideshift backhoe loaders foreseen to cross ~US$ 500 million by the end of the forecast period by contributing over 11% in the overall absolute dollar opportunity created by the end of 2026.
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The Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
The Backhoe Loaders Market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
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Some important questions that the Backhoe Loaders Market report tries to answer exhaustively are:
- Key strategic moves by various players in the Backhoe Loaders Market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares
- Which strategies will enable top players in the Backhoe Loaders Market to expand their geographic footprints
- Which new business models are expected to change the course of growth of key regional markets in near future
- Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants
- Which products segments have in recent years have seen new, lucrative application areas
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