Top Companies in Backhoe Loader Market | Comprehensive Study of Major Players of Industry | Vantage Market Research
Backhoe Loaders are versatile operational machines that can do multiple construction-related operations. Increasing infrastructural activity across the world is expected to boost the demand for Backhoe Loader through 2028.
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MARKET OVERVIEW
The Global Backhoe Loader Market is valued at USD 15.2 Billion in the year 2021 and is projected to reach a value of USD 22 Billion by the year 2028. The Global Market is forecasted to grow to exhibit a Compound Annual Growth Rate (CAGR) of 6.4% over the forecast period. A Backhoe Loaderhttps://en.wikipedia.org/wiki/Backhoe_loader is also known as a backhoe digger. Backhoe Loaders are heavy creation device that includes a tractor-like unit equipped with a loader-fashion bucket at the front and a backhoe at the back. This is a tractor-like automobile that consists of a shovel or bucket this is in shape within the front and a small one in the rear. This is usually used device within the creation zone.
Increasing road construction activities, a growing variety of power tasks in developing nations, and growing the improvement of canals and dams are riding the increase of the Backhoe Loader Market. Consumer spending strength is growing so that they began outspending their cash on constructing houses, offices, shops, and many others that is how creation paintings on large, middle, and small scales are growing with the growth in demand for Backhoe Loader. Moreover, growing projects via way of means of the authorities, growing urbanization, and developing calls for renting devices are presenting increased possibilities to the market.
Some of the key players operating in the Backhoe Loader Market are listed below:
|
Company Name |
Revenue in USD |
|
$51 Billion |
|
$3 Billion |
|
$23 Billion |
|
$40 Billion |
|
<$5 Million |
|
$616 Million |
|
$11 Billion |
|
$32 Billion |
|
$44 Billion |
|
$11 Billion |
Caterpillar Inc. is an American corporation that designs, develops, engineers, manufactures, markets, and sells machinery, engines, financial products, and insurance to customers via a worldwide dealer network. It is one of the world's largest construction equipment manufacturers.
JCB is a British manufacturer of equipment for construction, agriculture, waste handling, and demolition, founded in 1945 and based in Rocester, Staffordshire, England. The word "JCB" is also often used colloquially as a generic description for mechanical diggers and excavators and now appears in the Oxford English Dictionary, although it is still held as a trademark.
Komatsu Ltd. is a Japanese multinational corporation that manufactures construction, mining, forestry, and military equipment, as well as diesel engines and industrial equipment like press machines, laser, and thermoelectric generators. Its headquarters are in Minato, Tokyo, Japan. The corporation was named after the city of Komatsu, Ishikawa Prefecture, where the company was founded in 1921. Worldwide, the Komatsu Group consists of Komatsu Ltd. and 258 other companies (215 consolidated subsidiaries and 42 companies accounted for by the equity method).
AB Volvo is one of the world's largest manufacturers of heavy-duty trucks, construction equipment, buses, and heavy-duty combustion engines as well as a leading supplier of marine and industrial engines. It has production facilities in almost 20 countries and sales of products in more than 190 markets. It makes trucks under the ten brands including Volvo, UD Trucks, Prevost, Renault Trucks, and Mack. The company also provides financing services through Volvo Financial Services and it generates the majority of its sales from Europe. The company was founded in 1927.
Case Construction Equipment, Inc. sells construction equipment. The Company offers Backhoe Loaders, crawler dozers, excavators, forklifts, motor graders, and wheel loaders. Case Construction Equipment serves customers worldwide. The Case Corporation was a manufacturer of construction equipment and agricultural equipment. Founded by Jerome Increase Case as the J. I. Case Threshing Machine Company, it operated under that name for most of a century. For another 66 years, it was the J. I. Case Company and was often simply called Case.
Hitachi Construction Machinery Co., Ltd. is a Japanese construction equipment company that is into the manufacturing, sales, and service of construction machinery, transportation machinery, and other machines and devices. It is a subsidiary of the Hitachi Group.
Liebherr is a German-Swiss multinational equipment manufacturer based in Bulle, Switzerland, with its main production facilities and origins in Germany. Established in 1949 by Hans Liebherr in Kirchhoff an der Iller, Baden-Württemberg, Germany, the business is still entirely owned by the Liebherr family. Liebherr consists of over 130 companies organized into 11 divisions: earthmoving, mining, mobile cranes, tower cranes, concrete technology, maritime cranes, aerospace and transportation systems, machine tools and automation systems, domestic appliances, and components. It has a worldwide workforce of over 42,000, with nine billion euros in revenue for 2017.
CNH Global N.V. was the name adopted by the Dutch firm New Holland N.V. following its 1999 acquisition of Case Corporation. CNH is one of the world's second-largest makers of agricultural equipment, trailing Deere & Company, and third in construction equipment, following Caterpillar Inc. and Komatsu Ltd.
John Deere is the brand name of Deere & Company, an American corporation that manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment, and lawn care equipment. The company also provides financial services and other related activities.
Mahindra & Mahindra Limited is an Indian multinational vehicle manufacturing company. It headquarters are in Mumbai, Maharashtra, India. The company operates in 21 key industries, providing insightful and ingenious solutions to customers.
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