Backhoe Loader Market
Backhoe Loader Market Size And Forecast
Backhoe Loader Market was valued at USD 2.38 Billion in 2018 and is projected to reach USD 3.7 Billion by 2026, growing at a CAGR of 5.6% from 2019 to 2026.
Global Backhoe Loader Market Outlook
Small construction project is expected to rise the demand for backhoe loaders due to their efficient use in material handling and digging applications across the world. This, in turn, is expected to propel the backhoe loaders market. An increase in population and disposable income of people in developed and developing countries and initiatives taken by governments of several countries around world to boost the development of infrastructure, such as roads, airports, railways, and seaports are the factors that are expected to propel the market growth. The key factor restricting the growth of the market is the high initial cost of maintenance of backhoe loaders.
Global Backhoe Loader Market Competitive Landscape
The Global Backhoe Loader Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Komatsu Limited, J.C. Bamford Excavators Limited, AB Volvo, Caterpillar, Inc., Mahindra & Mahindra, Ltd., Liebherr Group, Deere & Company, Hitachi Construction Machinery Co., Ltd., and CNH Global NV.
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