The Backhoe Bucket Market share is projected to reach USD 1,165.2 Million in 2032. The growing demand by construction industry along with the addressing demand by mining industry will grow the backhoe bucket market within projected period of forecast.
According to FMI, the backhoe bucket market is anticipated to reach USD 818.1 Million in 2022 and is expected to grow at a CAGR of 3.6% from 2022 to 2032.
| Attributes | Details |
|---|---|
| Market Size (2021) | USD 785.9 Million |
| Market Size 2022 | USD 818.1 Million |
| Market Size 2032 | USD 1165.2 Million |
| Value CAGR (2022 to 2032) | 3.6 % |
An excavator's backhoe bucket is a crucial component utilised for applications including the handling and excavating of clay, gravel, compacted soils, and loose rock. Backhoe buckets are also mostly utilised in forestry, landscaping, demolition, and minor building projects.
In the increasing residential construction & growing solid waste management sector is fuelling the market growth for backhoe buckets, backhoe buckets are also becoming more used for lifting waste and loading it onto garbage trucks or other municipal vehicles. The market offers a number of different varieties of backhoe buckets, including high capacity round bottom, flat bottom round corner, and general purpose types.
Large pipelines wastes are removed using a high capacity round bottom backhoe bucket. While backhoe buckets with flat bottoms and round corners are the most well-known design used to load material into dumpers and trucks. For less abrasive materials like loam, small gravel, dirt, and mixed compositions of dirt and gravel, general duty buckets are utilised.
Additionally, granite or quartz are two examples of very tough situations where an extreme duty backhoe bucket is most often employed. Due to the large number of players who manufacture and design backhoe buckets in accordance with consumer demand, the global backhoe bucket market is extremely unstructured.
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Analysis of the global market for backhoe buckets from 2017 to 2021 revealed a historical growth rate of less than 3.2% CAGR, with the introduction of hybrid backhoe loaders being one of the significant trends that helped the market for backhoe buckets gain traction in the past. The fuel consumption and operating expenses of hybrid electric backhoe loaders are greatly reduced. John Deere and Design works have created a new, extremely fuel-efficient electric or diesel hybrid backhoe loader that lowers costs. They don't compromise on performance and have a low impact on the environment.
A public health emergency has been declared by the World Health Organization due to the disease's rapid global expansion after the COVID-19 viral outbreak in December 2019. The backhoe bucket market will be considerably impacted in 2020 as a result of the coronavirus infection 2019 (COVID-19), which is already having an influence on markets around the world.
However, industrial production activity in significant markets has resumed as a result of infection curves flattening starting in 2022. This leads to a CAGR of 3.6% by 2032 according to FMI's Backhoe Bucket demand forecast.
The backhoe bucket market is anticipated to grow over the forecast period because to an increase in residential and commercial construction projects and supporting government initiatives like India's smart city plan. Additionally, industrialization and globalisation are playing a significant role in economic growth, which will influence the demand for backhoe buckets on the global market during the course of the projection period. Additionally, it is anticipated that infrastructure investments in housing and road building will increase demand for backhoe buckets on the international market.
The growing number of small fleet owners of backhoe buckets actively finishing rural region development and connecting them with urban regions is expected to result in an increase in the aftermarket sector of the global backhoe bucket market over the projected period.
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The forecasted expansion of the global backhoe market may be hampered by fluctuations in the pricing of mined commodities and the need for highly skilled drivers to operate advanced backhoes such as hybrid type backhoe loaders. A hybrid loader is built to harness renewable energy as it is made, minimising the amount of diesel fuel needed to run the machine.
The best tool for digging is not a loader because it can only dig up to the level of its wheel. An alternative for a backhoe loader on the back side is a backhoe bucket. The backhoe is a piece of digging equipment with an articulated two-part arm with a bucket at the end. As it is hard to operate, this hybrid combination requires a professional driver. Prices could change as a result of this hybrid combination, which could have an impact on the market for backhoe buckets individually.
India is anticipated to expand in the global backhoe bucket market at an aggressive growth rate because to the rise in mining and building projects in the future years. Due to increasing urbanisation, Europe and North America are also anticipated to experience significant growth rates, which will increase the need for backhoe buckets by the end of 2032. Due to an increase in commercial construction projects like Silicon Park and Azizi constructions' Aura Residence in Dubai, the Middle East and Africa are anticipated to experience considerable growth in the backhoe bucket industry.
At the moment, the growth rates in Brazil and Argentina are somewhat slow. The demand for backhoe buckets could increase, nevertheless, due to increased GDP growth. Due to the rising demand for environmentally friendly backhoe buckets, South East Asia and the Pacific region is predicted to develop at a rate that is above average in the worldwide backhoe bucket market. Although just 7.8% of Australia's GDP is accounted for by the construction sector, this fact may help the backhoe market during the predicted period.
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Key players operating in the Backhoe Bucket market include Solesbee's Equipment & Attachments, LLC, Harsan Engineers, OZ Excavator Buckets Pty Ltd., Whites Material Handling Ltd., Leading Edge Attachments, Inc., ERMOTEC International Pvt. Ltd., Texas Contractors Equipment, Inc., Rockland Manufacturing Company, Model Infra Corporation Private Limited and Empire Bucket, Inc.
The backhoe bucket market is very consolidated, with a small number of really big vendors holding the majority of the market share. The vast majority of market participants spend a significant amount of money on thorough research and development, often to produce new and enhanced items. The two main methods employed by the major players in the backhoe bucket market are product expansion and mergers and acquisitions.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.6% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
Design Type, Capacity, Sales Channel, End User, Region |
| Regions Covered |
North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East and Africa |
| Key Countries Covered |
USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, China, Japan, India, GCC Countries, Australia |
| Key Companies Profile |
Solesbee's Equipment & Attachments, LLC; Harsan Engineers; OZ Excavator Buckets Pty Ltd.; Whites Material Handling Ltd.; Leading Edge Attachments, Inc.; ERMOTEC International Pvt. Ltd.; Texas Contractors Equipment, Inc.; Rockland Manufacturing Company; Model Infra Corporation Private Limited; Empire Bucket, Inc.; Felco Industries; Geith International; LEMAC; TAG Manufacturing |
| Customization & Pricing | Available upon Request |
In 2021, the value of the Backhoe Bucket market reached over USD 785.9 Million.
During the forecast period, the Backhoe Bucket market is estimated to expand at a CAGR of 3.6% during 2022 to 2032.
The Backhoe Bucket market is projected to reach USD 1165.2 Million by the end of 2032.
USA & China is projected to lead the Backhoe Bucket market in the forecast period.
The key players operating in the Backhoe Bucket market are Solesbee's Equipment & Attachments, LLC, Harsan Engineers, OZ Excavator Buckets Pty Ltd., Whites Material Handling Ltd. and Leading Edge Attachments, Inc.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Design Type 6.2. Capacity 6.3. Sales Channel 6.4. End User 7. Global Market Analysis and Forecast, By Design Type 7.1. Ripper Backhoe Bucket 7.2. V-ripper Backhoe Bucket 7.3. Multi-ripper Backhoe Bucket 7.4. Round Bottom Backhoe Bucket 7.5. Flat Bottom Round Corner Backhoe Bucket 7.6. Flat Bottom Square Corner 7.7. Special Backhoe Bucket 7.8. Others 8. Global Market Analysis and Forecast, By Capacity 8.1. General Duty 8.2. Severe Duty 8.3. Heavy Duty 8.4. Extreme Heavy Duty 9. Global Market Analysis and Forecast, By Sales Channel 9.1. OEM 9.2. Aftermarket 10. Global Market Analysis and Forecast, By End User 10.1. Construction Industry 10.2. Mining Industry 10.3. Others 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. South Asia & Pacific 11.5. East Asia 11.6. Middle East & Africa 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Europe Sales Analysis and Forecast, by Key Segments and Countries 15. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Design Type, Capacity, Sales Channel, and End User for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Solesbee's Equipment & Attachments, LLC 20.2. Harsan Engineers 20.3. OZ Excavator Buckets Pty Ltd. 20.4. Whites Material Handling Ltd. 20.5. Leading Edge Attachments, Inc. 20.6. ERMOTEC International Pvt. Ltd. 20.7. Texas Contractors Equipment, Inc. 20.8. Rockland Manufacturing Company 20.9. Model Infra Corporation Private Limited 20.10. Empire Bucket, Inc. 20.11. Felco Industries 20.12. Geith International 20.13. LEMAC 20.14. TAG Manufacturing
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Backhoe Bucket Market
