The global backhoe bucket market to grow at a CAGR of 5.95% during the period 2017-2021.
Global Backhoe Bucket Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The global backhoe bucket market is slowly and steadily growing. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
The latest trend gaining momentum in the market is Launch of hybrid backhoe loaders. With the global population rising at an alarming rate, leading to increased energy and fuel consumption, it is crucial that other forms of energy like renewable sources are encouraged to conserve the non-renewable sources. The current scenario demands fuel efficiency and energy saving as much as possible. In this scenario, manufacturers are developing construction and mining equipment that are socially and environmentally responsible. With technological advances, such manufacturers are developing machines that are both fuel and cost-efficient.
According to the report, one of the major drivers for this market is Expansion in utility sector. The number of power and energy projects is increasing rapidly worldwide. With the rise in the population, energy scarcity as well as energy demand is growing globally. The global energy sector has witnessed a lot of developments lately. Energy consumption in the developing nations rose dramatically during 2010-2015. Backhoe loaders find a wide variety of applications in T&D infrastructure projects.
These are used for laying cables and for maintenance purposes. Backhoe loaders are gaining popularity and are an increased preference for laying electrical power lines as they are compact and hence, can operate within confined spaces and perform multiple operations such as lifting, trenching, and backfilling.
Key Market Trends
- Launch of hybrid backhoe loaders
- Integration of IoT
- Growing adoption of backhoe loaders in other end-user industries
- Felco Industries
- Geith International
- Rockland Manufacturing
- TAG Manufacturing
Key Topics Covered:
- Executive Summary
- Scope Of The Report
- Research Methodology
- Market Landscape
- Market Segmentation By End-User
- Geographical Segmentation
- Decision Framework
- Drivers And Challenges
- Market Trends
- Vendor Landscape
- Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/c82kw7/global_backhoe