The global excavator backhoe market, based on
application, is segmented into infrastructure, mining, waste management, and so
on. Excavator’s also known as hydraulic excavators are heavy construction
equipment that plays an important role in the excavator backhoe market.
Excavator is one of the major segments of the construction equipment industry.
It is widely used in applications such as commercial construction, mining,
residential construction and sewage disposal. An excavator comprises a backhoe
called rear actor or back actor, dipper or a stick, digging bucket and cab on a
rotating platform known as a house.
The backhoe draws towards itself
the bucket attached. The dipper or dipper stick carries the bucket. The digging
bucket digs the soils from the ground while the cab on the rotating platform
dumps the soil at the required place. Excavator is used to excavate soil of
different forms. There are various types of excavators available in the market.
They are also available in different power ranges. In terms of power range, the
excavators backhoe market can be segmented into 0-300 HP, 301-500 HP and 501 HP
& above.
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In terms of type, the excavator
market can be divided into mini, heavy, wheeled and crawler. Mini excavator is
also known as compact excavator. It is smaller in size and thus called mini
excavator. It weighs from 0.7 to 8.5 tons. Mini excavator consists of a
backfill blade and a boom swing. Heavy excavators are the usual hydraulic
excavators with backhoe, dipper, digging bucket and cab. Crawler excavator is a
crawling digger designed to dig or move large objects. It runs or moves on a
crawler chassis.
Wheeled excavators are excavator
with wheels. The crawler excavator segment dominated the excavator backhoe
market in 2015. It was followed by the mini excavator segment. This was due to
the increasing demand for technologically advanced and fuel-efficient
excavators. The excavator backhoe market is segmented by product type,
application and geography.
The product is used to place
armors and large rocks, move construction materials and other construction
waste in the infrastructure market. Excavator backhoe is used to dig the ground
for extraction of ores in the mining industry. In waste management, excavators
are employed to carry large heaps of waste from one place to another for
disposal.
The excavator backhoe market is
expected to grow during the forecast period due to the increase in investments
in construction and mining sectors and rise in awareness about waste
management. Based on geography, the excavator backhoe market is segmented into
North America, Europe, Asia Pacific, Latin America and Middle East &
Africa. Asia Pacific dominates the largest market share in the excavator
backhoe market, led by the growth in infrastructure development and rise in
urbanization in China.
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North America is also a
favourable market for excavator backhoe. Outlook for the excavator backhoe
industry in Europe also appears positive, as excavators are used on a large
scale in developed countries such as Germany. The key players of excavator
backhoe industry are Volvo Construction Equipment, Caterpillar Inc., John
Deere, Geith, Bobcat, CASE, Komatsu Ltd., Terex, Kubota, Yuchai, Hitachi
Construction Machinery Co. Ltd. and Kobelco Construction Equipment.
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