Albany, NY -- (SBWIRE) -- 07/21/2015 -- About Backhoe Loaders

A backhoe loader, also known as digger in layman's terms, is earthmoving equipment that comprises a tractor fitted with a shovel in front and a backhoe at the back. Backhoe loaders are relatively small and are used in large, medium, and small-scale construction projects due to their versatility. Backhoe loaders can be fitted with different attachments to carry out tasks such as digging, boring, loading, and excavation.

Technavio's analysts forecast the backhoe loader market in North America to grow at a CAGR of 10.71% over the period 2014-2019.

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Covered in this Report
This report covers the present scenario and the growth prospects of the backhoe loader market in North America for the period 2015-2019. The report includes historical sales of backhoe loaders in the North American construction equipment industry. The market size is determined by the consumption value of backhoe loaders. The performance of the backhoe loader market in North America for the period 2015-2019 is forecast with the help of the predicted CAGR after an analysis of the present condition of the market. The reports also encompasses a geographical analysis and key leading countries, as well as the forecast for the backhoe loader market in these countries. In addition, the report discusses the major drivers that influence growth, the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.

Key Leading Countries:
Canada
US

Key Vendors:
Caterpillar
JCB
Komatsu
Volvo CE

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Other Prominent Vendors:
Hitachi Construction Machinery
Liebherr

Market Driver:
Increased Investment in Construction Industry
For a full, detailed list, view our report

Market Challenge:
High Manufacturing Cost of Backhoe Loaders
For a full, detailed list, view our report

Market Trend:
Rise in Backhoe Loader Rental Services
For a full, detailed list, view our report

Key Questions Answered in this Report:
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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