Backhoes Market by User Demand, Key Developers, Types, Current Trends, Revenue Generation, Growth Factors, Forecast Till 2018 - 2026
Backhoe is type of excavating equipment attached at the back of the tractor. It consists of a bucket attached at the end of two articulated arms that are operated hydraulically. Backhoe is utilized for digging, breaking of large structures, or earth moving applications. Pat of the arms, which holds the bucket, is known as dipper and the other part of the arm is known as boom. Demand for backhoes is likely to rise at a significant pace during the forecast period due to consistent increase in the number of construction sites, which require numerous earth moving and digging machinery on site. Increase in the number of mining industries is boosting the demand for backhoes. Rise in population in certain regions across the globe such as countries in Asia Pacific has led to increasing congestion in existing cities. Rising congestion has prompted people to move to different places, which in turn boosts the construction industry. Expansion of construction and mining industries is fuelling...