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Major overseas suppliers for the small, compact machines include Kubota from Japan and Ingersoll-Rand, which acquired SuperStay in the Czech Republic two years ago. Ingersoll--Rand now imports the SuperStay machines (sold previously under the EarthForce America brand name) and sells the machines under its own name as well as the Bobcat brand. In 2002, 1R and Bobcat accounted for about 9 percent of the small backhoe market -- that in the first year of marketing. In 2003, Ingersoll-Rand and Bobcat will very likely start taking share away from the leaders, which will alter the makeup of the market within 12 to 18 months. Going back to the standard backhoes, it is interesting to note that Case, Deere and Caterpillar (in that order) are still the major stakeholders in North America. New Holland also has a strong market position. These four companies accounted for over 85 percent market share in 2002, down a trifle from years past. Terex became a more active player in the marketplace in 2002, jumping from a 2 percent market position in 2001 to a 5 percent participant in 2002. Terex used a very aggressive pricing scheme to gain market share during the year, which apparently worked successfully. I believe the Terex product line, which is well-engineered, is going to be better known in the future.

For utilization and geographic location, ODS-Petrodata''s November Offshore Rig Locator shows 264 jackups working, out of a total worldwide fleet of 388 rigs, for 68% utilization, down from 82% one year ago. This is principally due to sharp cuts in the U.S. Gulf of Mexico, where only 72 of 150 available units were working due to lower oil/gas prices. The second most active area was the Persian Gulf, with 46 of its 56 rigs working. The North Sea/NW Europe had all but one of its 34 jackups working. Asia accounted for 60 rigs--in India, 16 of 20 units were working; SE Asia had 19 of its 22 rigs active; and the Far East saw 11 of its 18 jackups working. West Africa was working 19 of its 23 rigs. Other active areas included: the Mediterranean/Black Sea, 10 of 12; Red Sea/Gulf of Suez, 11 of 11; and South/Central America, 18 of 25.

"The three new machines are aimed at different sections of the backhoe loader market," said Kevin Hershberger, senior marketing engineer backhoe loaders. "The 416D is targeted to the rental services, utilities and DCA. The 420D/IT is targeted to the owner/operators and building construction markets while the 430D/IT is targeted to the owner/operators, building or construction contractors as well as the sewer and water contractors." The new loaders are similar to the C-Series in many areas and in some cases use the same components as the C-Series machines. For example, the frame and many drivetrain components are either very similar or direct carryovers from the earlier machines. "The main area of difference between the new D-Series and the old C-Series is the hydraulic system and the cab interior," said Jon Carman, commercial marketing manager for backhoe loaders.

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