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Backhoe Market Share

Report ID: GMI6510
Published Date: Aug 2023
Report Format: PDF

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Backhoe Market Share

Major players operating in the backhoe market are

Terex Corporation
Volvo Construction Equipment
Caterpillar Inc.
Case Construction Equipment
Deere & Company
Komatsu Ltd.
JCB
John Deere Construction & Forestry
Mahindra Construction Equipment
Action Construction Equipment
New Holland Construction

These companies are prioritizing strategic partnerships, launching new products, and commercialization efforts to expand their market reach.

Authors: Preeti Wadhwani, Anish Pathak

Frequently Asked Questions (FAQ) :

The market size of backhoe was reached USD 47.1 billion in 2022 and poised to register 5% CAGR from 2023 to 2032, driven by the rising number of construction and infrastructure development activities.

The construction and mining application segment held 45.10% share of the backhoe market in 2022 and may cross USD 35 billion by 2032, owing to rising adoption for handle excavation, trenching, material handling, and loading.

North America backhoe industry size surpassed USD 9.5 billion in 2022 and will witness over 5% CAGR from 2023 to 2032, propelled by surging infrastructure investment, urbanization, and technological advancements in the region.

Terex Corporation, Volvo Construction Equipment, Caterpillar Inc., Case Construction Equipment, Deere & Company, Komatsu Ltd., JCB, John Deere Construction & Forestry, Mahindra Construction Equipment, and Action Construction Equipment are some of the prominent market players.