Backhoe Loaders Market to Register Substantial Expansion by 2019 to 2026
Verfasser: ashwani_kailiya on Tuesday, 23 June 2020The global backhoe loaders market is set to surpass a value of US$ 1.9 Bn by the end of 2026, as per the recent research intelligence study of Fact.MR. Businesses in backhoe loaders market are increasingly focusing on the integration of advanced telematics technologies and remote operations to gain traction among consumers.
“Backhoe loaders have gained significance in the construction industry, owing to their versatility in terms of operations and size. Demand will however remain concentrated in the residential construction sector,” says the Fact.MR report.
Request PDF Sample of 250+ pages report on the backhoe loaders market: https://www.factmr.com/connectus/sample?flag=S&rep_id=407
Backhoe Loaders Market: Key Findings
Backhoe loaders with digging depth of 10-15 feet are gaining traction, with projected incremental opportunity of US$ 600 Mn by 2029.
Center pivot backhoe loaders would remain preferred product category.
Backhoe loaders with engine power between 80 HP and 100 HP will display rapid growth potential.
Asia Pacific excluding Japan (APEJ) set to exhibit a substantial CAGR, on back of new infrastructure project launches.
Backhoe Loaders Market: Key Driving Factors