Persistence Market Research showcases a comprehensive and detailed review of the global backhoe loaders market. The report titled Global Market Study on Backhoe Loaders: APEJ Expected to be the Most Attractive Regional Market for Backhoe Loader Manufacturers in Terms of Growth Rate . The report delves deep into different markets spread across geographical locations to fetch out crucial and relevant information about the future and present status of the global backhoe loaders market. The report was drafted by collating all crucial data related to the regional markets, product type and end-use. This report is a testimony of the upcoming market shifts that are going to redefine the market size and the market value. The report has registered all important information likely to play a crucial role in changing the fabric of the global backhoe loaders market. The report depicts all major tends, drivers and restraints that will affect the ecosystem of the global backhoe loaders market. The team of analysts at Persistence Market Research has adopted state-of-the-art methods to create an exclusive directory of statistics that will work as a bible for millions of beneficiaries of the global backhoe loaders market. Through minute calculations the researcher team has depicted the smallest possible details of the global backhoe loaders market in this market insight. The report showcases the true psyche of the market and it also talks about the expansion and other trends that will probably impact the market demography in the days to come.
The report on the global backhoe loaders market starts with an executive summary, followed by research methodology and market overview. The market overview is one of the most significant parts of the report. The key definitions and acronyms are also listed in this report. The executive summary provides a bird’s eye view of the global backhoe loaders market. The market taxonomy is another crucial segment which is clubbed in this report and it gives a dissected view of the entire market on the basis of region, product type and end-use. The report has registered all the drivers, restraints and trends under the market dynamics. In the forecast section the report talks about the evolving market climate that might impact the market share by product type, market share by end-use and market share by region. This segment of the report projects the potential of the overall market as per value and volume. The succeeding section of the report divides the entire global backhoe loaders market and projects the individual growth potential of each region in terms of value and volume.
The report also puts forth the profiles of few of the leading market players and presents a detailed analysis of their overall business performance and a comprehensive evaluation of their short-term and long-term business and go-to-market strategies. This section is intended to provide report audiences with a dashboard view of the competitive landscape of the global backhoe loaders market.
Global Backhoe Loaders Market Segmentation
By Product Type
Our research approach
The research team reached the final conclusion of the report through a tedious process. During the secondary research process, the team scrutinized the entire backhoe loaders industry scene; extensively studied different white papers and collected an overview of the market and understood the growth projections of the market; analyzed the market share by region; and also inspected different press releases and company news to get a better understanding of the market. Primary research helped the team understand the drivers and restraints likely to impact the growth of the global backhoe loaders market. Through primary research, the analyst team identified the present and future market value potential, market concentration, major suppliers and major trends by region.
Metrics curate the base of a report. In the report on the global backhoe loaders market, the team wrapped up all the major metrics to provide an extended picture of the market. The accumulated data was then used to compare and contrast the performance of the market across geographies.
Gauging the market
Every market is volatile and the overall performance of any market is completely dependent on the unpredictable, evolving nature of the economy and region and a slew of other factors. The report estimates the compound annual growth rate (CAGR) of the regional and global markets and also notes down the Y-O-Y spike of the global backhoe loaders market to understand the right opportunities and the climate of the market.
The multi-dimensional approach measured the embryonic growth of the regional markets. BPS (Basis Point Share) analysis accounted the individual contribution of each segment in the global market. A detailed approach towards the market movements helped understand the significant trends predicted to dominate the global backhoe loaders market in the forthcoming years.
The report also considers the absolute dollar opportunity while analyzing the market. While this is usually overlooked when forecasting the market, absolute dollar opportunity analysis is critical in assessing the level of opportunity that market providers can look to achieve and also to identify potential resources in the global backhoe loaders market.
The report breaks up the market segments on the basis of their individual performance and growth graph. Persistence Market Research also includes a market attractiveness index to help key stakeholders identify the future and present market scope of the global backhoe loaders market.
The report on the global backhoe loaders market provides a market outlook for the period 2016 – 2026. The annual change in inflation rate has not been considered while doing the research. All values for 2016 have been registered to provide a transparent view of the market.
APEJ region is the land of hope for the global backhoe loaders market
The demand for backhoe loaders is steadily rising in the APEJ region. The governments of this region are pumping in massive funds to strengthen the civil and industrial infrastructure of their respective nations. Several billion dollar projects are lined up in APEJ, which is expected to reassure the overall growth of the regional backhoe loaders market. The demand for backhoe loaders in the APEJ region is projected to soar within the forecast period. The market will witness a massive growth by the end of 2026. The approximate sale value will rise from US$ 866 Mn in 2015 to US$ 1727 Mn by the end of the forecast period. The sale of backhoe loaders in APEJ will be pegged at more than 46,000 units by the end of 2026. The market is likely to register a CAGR of 6.6% within this period of assessment. The agricultural and forestry end user segment will gain maximum traction by the end of the forecast period. The growing economies of the region and the futuristic investment plans rolled out by the governments of this region will impact the scene of the APEJ backhoe loaders market.
China and India to hustle for the top spot in the APEJ backhoe loaders market
A recent report published by an international publication revealed that China is investing immensely to resurrect the country’s infrastructure. The country is building several government and public installations and it is presently giving stark competition and overlapping major economies such as the U.S. The government of China is building a robust infrastructure to woo foreign investment in the country that will further fuel GDP growth. This massive infrastructural revolution within the country is expected to affect the growth of the APEJ backhoe loaders market. The sale of backhoe loaders in China will surge manifold and value of the market will crawl up from an approximate value of US$ 58 Mn to US$ 99 Mn during the forecast period. The China backhoe loaders market is expected to record a CAGR of 4.9%. The incremental dollar opportunity in China will be more than US$ 36 Mn within the period of forecast.
Apart from China, India will also contribute to the APEJ backhoe loaders market. The Indian government is eager to revamp the country’s infrastructure. The government is likely to pump in huge investments in infrastructural development in the coming few years. The government of India is eager to develop a healthy interstate connectivity and is planning to bridge the urban–rural gulf through proper infrastructural backup. The rapid infrastructure development plan to build bridges, highways and other installations will further expedite the economic growth of the country. This massive wave of investment is targeted towards FDI (Foreign Direct Investment) as India is poised to seal its place amongst global market leaders. This barrage of investment to boost the country’s infrastructure will complement the expansion of the India backhoe loaders market. Sales of backhoe loaders in India is expected to cross US$ 12 Mn by the end of the forecast period. The country’s backhoe loaders market will grow at a CAGR of 6.9%. The overall growth of the APEJ backhoe loaders market will also be pushed ahead by the ASEAN and ANZ nations. The ASEAN backhoe loaders market will record a promising CAGR of 6.4% while the ANZ backhoe loaders market is likely to follow with a CAGR of 5.9%.
Leading players in the global backhoe loaders market have their sights set on the APEJ regional market
One of the major market shareholders, Deer and Company is planning to shift its focus from North America to China. The company has already rolled out several measures to penetrate more into the Chinese market and to expand its dominance in the APEJ region. They have innovated new high end products and are also migrating their production to China to build a proper presence in the APEJ market. The UK based JC Bamford Excavators Ltd. fetched more than 34% of its global revenue from the Asia Pacific region in 2015. The company has manufacturing units in China, Germany and India. They are injecting funds to furnish their research and development facilities across the globe, which is likely to impact their global and regional expansion plans.