saudi arabia Backhoe Loader Market Shipment Analysis
Saudi Arabia Backhoe Loader Market registered a decline of -98.23% in value shipments in 2021 as compared to 2020 and an increase of 9.24% CAGR in 2021 over a period of 2017. In Backhoe Loader Market Saudi Arabia is becoming less competitive as HHI index in 2021 was 8980 while in 2017 it was 1526. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Saudi Arabia has reportedly relied more on domestic production to meet its growing demand in Backhoe Loader Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Backhoe Loader Market in 2021 was 0.04 while in 2017 it was 0.17. China, Czechia, , and were among the top players of the market in 2021, where China acquired the largest market share of 94.61% with a shipment value of 0.23 million USD in 2022 China also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Backhoe Loader Market. In 2017 Japan had the largest market share of 27.7% with the shipment value of 2.48 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Japan offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Saudi Arabia Backhoe Loader Market in 2017.
Saudi Arabia backhoe loader market is expected to grow at a substantial rate over the forecast period owing to the growing construction market, expansion of metros & airports, construction of new hotels & malls and growing metal & mining sectors, all of which have fuelled the growth of the backhoe loaders market in Saudi Arabia.
According to 6Wresearch, Saudi Arabia Backhoe Loader Market Size is anticipated to register a growth during 2020-26. Backhoe loaders have the capability to deal with the very high temperatures and harsh working environments which make them ideal for the Saudi Arabian terrain and climate. Additionally, the country's core economic sectors such as oil & gas and mining are expected to continue boosting Saudi Arabia backhoe loaders' rental market during the forecast period. However, on account of the spread of COVID-19 pandemic, all construction activities in Saudi Arabia have been put on hold, declining backhoe loader demand temporarily. The market for backhoe loaders is expected to revive in the latter part of the year 2020.
Based on types, side shift backhoe loaders are ideal for functioning in the toughest strata, are faster in digging and loading thereby highly preferred in the Saudi Arabian market. Based on applications, construction accounts for key market share and is expected to dominate in the forecast period on account of the rising investments in the construction sector such as an outlay of $5.9 billion has been kept aside for the Saudi Red Sea project.
Saudi Arabia backhoe loader market report thoroughly covers the market by types, applications, and products. Saudi Arabia Backhoe Loader market outlook report provides an unbiased and detailed analysis of the on-going Saudi Arabia backhoe loader market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- Saudi Arabia Backhoe Loader Market Overview
- Saudi Arabia Backhoe Loader Market Outlook
- Market Size of Saudi Arabia Backhoe Loader Market, 2019
- Forecast of Saudi Arabia Backhoe Loader Market, Until 2026
- Historical Data and Forecast of Saudi Arabia Backhoe Loader Market Revenues & Volume for the Period 2016-2026
- Market Size and Forecast of Saudi Arabia Backhoe Loader Market Revenues & Volume, Until 2026
- Historical Data and Forecast of Saudi Arabia Backhoe Loader Market Revenues & Volume for the period, By Types, 2016-2026
- Market Size and Forecast of Saudi Arabia Backhoe Loader Market Revenues & Volume, By Types, Until 2026
- Historical Data of Saudi Arabia Backhoe Loader Market Revenues & Volume for the period, By Applications, 2016-2026
- Market Size and Forecast of Saudi Arabia Backhoe Loader Market Revenues & Volume, By Applications, Until 2026
- Historical Data of Saudi Arabia Backhoe Loader Market Revenues & Volume for the period, By Products, 2016-2026
- Market Size and Forecast of Saudi Arabia Backhoe Loader Market Revenues & Volume, By Products, Until 2026
- Market Drivers and Restraints
- Saudi Arabia Backhoe Loader Market Price Trends
- Saudi Arabia Backhoe Loader Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Saudi Arabia Backhoe Loader Market Share, By Company
- Saudi Arabia Backhoe Loader Market Share, By Regions
- Saudi Arabia Backhoe Loader Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The Saudi Arabia Backhoe Loader Market report provides a detailed analysis of the following market segments:
- By Types:
- By Applications:
- Construction
- Landscape & Ground Maintenance
- Agriculture & Forestry
- Mining
- Others
- By Product:
- Articulated Backhoe Loader
- Rigidity Backhoe Loader
Other Key Reports Related to Backhoe Loader Market includes:
- Middle East Backhoe Loader Market (2016-26F)
- Africa Backhoe Loader Market (2016-26F)
- Kenya Backhoe Loader Market (2016-26F)
- Nigeria Backhoe Loader Market (2016-26F)
Frequently Asked Questions About the Market Study (FAQs):
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1. Executive Summary
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2. Introduction
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2.1. Key Highlights of the Report
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2.2. Report Description
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2.3. Market Scope & Segmentation
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2.4. Research Methodology
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2.5. Assumptions
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3. Saudi Arabia Backhoe Loader Market Overview
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3.1. Saudi Arabia Country Indicators
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3.2. Saudi Arabia Backhoe Loader Market Revenues, 2019 & 2026F
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3.3. Saudi Arabia Backhoe Loader Market – Industry Life Cycle
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3.4. Saudi Arabia Backhoe Loader Market – Porter’s Five Forces
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3.5. Saudi Arabia Backhoe Loader Market Revenue & Volume Share, By Types, 2019 & 2026F
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3.6. Saudi Arabia Backhoe Loader Market Revenue & Volume Share, By Product, 2019 & 2026F
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3.7. Saudi Arabia Backhoe Loader Market Revenue & Volume Share, By Applications, 2019 & 2026F
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4. Saudi Arabia Backhoe Loader Market Dynamics
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4.1. Impact Analysis
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4.2. Market Drivers
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4.3. Market Restraints
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5. Saudi Arabia Backhoe Loader Market Trends
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6. Saudi Arabia Backhoe Loader Market Overview, By Types
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6.1. Saudi Arabia Centre Mount Backhoe Loader Market Revenues & Volume, 2019 & 2026F
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6.2. Saudi Arabia Side Shift Backhoe Loader Market Revenues & Volume, 2019 & 2026F
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7. Saudi Arabia Backhoe Loader Market Overview, By Product
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7.1. Saudi Arabia Articulated Backhoe Loader Market Revenues & Volume, 2016-2026F
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7.2. Saudi Arabia Rigidity Backhoe Loader Market Revenues & Volume, 2016-2026F
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8. Saudi Arabia Backhoe Loader Market Overview, By Applications
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8.1. Saudi Arabia Backhoe Loader Market Revenues & Volume, By Construction, 2016-2026F
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8.2. Saudi Arabia Backhoe Loader Market Revenues & Volume, By Landscape and Ground Maintenance, 2016-2026F
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8.3. Saudi Arabia Backhoe Loader Market Revenues & Volume, By Agriculture, 2016-2026F
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8.4. Saudi Arabia Backhoe Loader Market Revenues & Volume, By Mining, 2016-2026F
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8.5. Saudi Arabia Backhoe Loader Market Revenues & Volume, By Others, 2016-2026F
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9. Saudi Arabia Backhoe Loader Market Key Performance Indicators
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10. Saudi Arabia Backhoe Loader Market Opportunity Assessment
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10.1. Saudi Arabia Backhoe Loader Market Opportunity Assessment, By Types, 2026
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10.2. Saudi Arabia Backhoe Loader Market Opportunity Assessment, By Applications, 2026
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11. Saudi Arabia Backhoe Loader Market Competitive Landscape
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11.1. Saudi Arabia Backhoe Loader Market Revenue Share, By Companies, 2019
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11.2. Saudi Arabia Backhoe Loader Market Competitive Benchmarking, By Operating and Technical Parameters
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12. Company Profiles
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13. Recommendations
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14. Disclaimer
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