Valley Cottage, NY -- (SBWire) -- 11/19/2018 --Backhoe Bucket Market: Overview
Backhoe Bucket is the integral part of excavator used for digging or handle clay, gravel, compacted soils and loose rock applications. In addition, backhoe buckets are mainly used for light construction works, forestry, landscaping and demolition work. Backhoe bucket is also gaining traction in the plumbing, utility and electrical sectors for uplifting of wastages and load it to garbage trucks or municipals vehicles. There are various types of backhoe bucket are available in the market such as high capacity round bottom, flat bottom round corner and general duty type.
The high capacity round bottom backhoe bucket is used for removing the wastages from large pipes. While flat bottom round corner type backhoe buckets are most famous design used for loading material in the dumper and trucks. General duty bucket are used for less abrasive material such as loam, small gravel, dirt and mixed compositions of dirt & gravel. Moreover, extreme duty backhoe bucket is mainly used at very harsh conditions for instance granite or quartz. The global backhoe bucket market is highly unstructured owing numerous number of player are manufacturing and designing backhoe bucket according to customer demand.
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Backhoe Bucket Market: Dynamics
Increasing number of residential and commercial constructional projects coupled with supportive government policies such as smart city initiative in India are projected to drive the backhoe bucket market during the forecast period. Moreover, globalization and industrialization is playing crucial role for economic development, which will also shape up the demand of backhoe bucket for the global market during the forecast period. Additionally, Infrastructural investment in road construction and housing projects will also expected to ramp up the demand of backhoe bucket in the global market. The increasing number of small fleet owners of backhoe bucket for proactively complete development of rural area and connecting them with urban cities is also expected to inch the aftermarket segment of the global backhoe bucket market over the forecast period.
Fluctuation in the prices of mined commodities coupled with required high skilled driver to operate advance backhoe bucket such as hybrid type backhoe loaders which may hamper the growth of the global backhoe market during the forecast period.
Backhoe Bucket Market: Segmentation
On the basis of design, the backhoe bucket market can be segmented as:
Ripper Backhoe Bucket
V-ripper backhoe bucket
Multi-ripper backhoe bucket
Others
Round Bottom Backhoe Bucket
Flat Bottom Round Corner Backhoe Bucket
Flat Bottom Square Corner
Special Backhoe Bucket
On the basis of capacity, the backhoe bucket market can be segmented as:
General Duty
Severe Duty
Heavy Duty
Extreme Heavy Duty
On the basis of Sales Channel, the backhoe bucket market can be segmented as:
OEM
Aftermarket
On the basis of end-user, the backhoe bucket market can be segmented as:
Construction industry
Mining industry
Others
Backhoe Bucket Market: Regional Outlook
India is expected to grow with addressable growth rate in the global backhoe bucket market owing to increasing number of constructional projects and mining projects in the upcoming years. Europe and North America are also projected to grow with noteworthy growth rate owing to rising urbanization, which will enrich the demand of backhoe bucket by the end of 2028. Middle East and Africa is expected to gain significant traction in the backhoe bucket market due to increasing commercial construction projects such as Silicon Park project and Azizi developments Aura Residence in Dubai. Currently, Brazil and Argentina are growing with relatively sluggish grow rate. However, rising growth in GDP may hike the demand for backhoe bucket during the forecast period. South East Asia & Pacific region is expected to grow with ample growth rate in the global backhoe bucket market owing to increasing demand of eco-friendly backhoe bucket. However, construction industry is account only 7.8% of the GDP in Australia which may positively shape up the backhoe market during the forecast period.
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Backhoe Bucket Market: Key Participant
Some of the market participants in the Backhoe Bucket market identified across the value chain:
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.
The Globalization and Industrialization Is Playing Crucial Role for Economic Development Will Shape Up the Demand of Backhoe Bucket Market