Global Backhoe Loaders Market is Gaining Significant Traction with Advent of J C Bamford’s new 3CX backhoe loader with an EU Stage V compliant 55kW engine

A backhoe loader is heavy mechanical equipment with a tractor-like unit attached with a loader-style shovel on the front and backhoe on the back. Backhoe loaders have gained significant importance in the construction industry typically due to versatility in operations and compact size. The bucket loaders are also known as backhoes and it is used to work on the ground without damaging the soil. The buckets are used for lifting a large amount of material and the backhoes are used to dig through the dirt. This is a great tool that is used to dig through the soil and break the rock. Backhoes are used for carrying the materials from one place to another without damaging the ground and the surface. The bucket loaders are used for moving heavy materials such as the concrete and the materials that are carried for the construction. There are a lot of uses for the bucket loaders and these can be used for many different jobs. These loaders are also very useful when it comes to the transportation of the soil.

Increasing urbanization combined with rising disposable income in both developed and emerging economies is expected to boost growth of the global backhoe loaders market during the forecast period. 
Urbanization in both developed and emerging economies has increased significantly over the years. According to the United Nations (UN), in 2018, around 55% of the global population was living in urban areas and is expected to increase to 68% by 2050. According to the same source, the global urban population has increased from 751 million in 1950 to 4.2 billion in 2018. Increasing urbanization has necessitated the new infrastructure construction. This, in turn, has increased the demand for construction equipment such as cranes and backhoe loaders. Furthermore, rising disposable in both developed and emerging economies has supported growth of the construction sector. Thus, these factors are expected to boost growth of the global backhoe loaders market during the forecast period. Furthermore, the emergence of public-private partnerships in construction projects is expected to accelerate the market growth in the near future.

However, the presence of substitute products is expected to hinder the global backhoe loaders market over the forecast period. Besides, renting equipment can present lucrative growth opportunities for market players in the near future. Furthermore, after-sales services can also provide significant business opportunities in the global backhoe loaders market. Major companies operating in the global backhoe loaders market include Hitachi Construction Machinery Co., Ltd., Terex Corporation, Caterpillar, Inc., Action Construction Equipment Ltd., Deere & Company, CNH Industrial NV, Volvo Construction Equipment, Manitou Group, J C Bamford Excavators Ltd., and Mahindra Construction Equipment.

For instance, in September 2020, J C Bamford Excavators Ltd. introduced a 55kW 3CX backhoe loader with an EU Stage V compliant engine.


 

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