Excavators Market |Future Trends, Industry Size & Share, Market Growth and Major Players
The Global Excavators Market is Projected to Grow USD 63.14 Billion at a CAGR of 4.7% During the Forecast Period | No of Pages 123
Global “Excavators Market” study 2023, the industry landscape is covered from driving factors to upstream markets and the overall state of the market. An in-depth analysis of the overall growth prospects for the global and regional market was provided which was based on an in-depth analysis of key industry players, primary and secondary data.
Excavators Market Size stood at USD 44.12 Billion in 2018 and is projected to reach USD 63.14 Billion by 2026, exhibiting a CAGR of 4.7% during the forecast period.
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List Of Top Key Player Of Excavators Market:
- AB Volvo
- Caterpillar Inc.
- Komatsu Ltd
- Doosan Infracore Co. Ltd
- Hitachi Construction Machinery Co. Ltd
- C. Bamford Excavators Limited
- Liebherr Group
- CNH Industrial N.V
- Hyundai Heavy Industries Co. Ltd
- Terex Corporation
Global Excavators Market Growth report serves as an ideal solution for a better understanding of the Market. It is helpful in finding out the size of the Market for specific products. These major players operating in this Market are in strong competition in terms of technology, innovation, product development, and product pricing. The Market study aids in making sales forecasts for its products and thereby, establishing harmonious adjustment between demand and supply of its products.
Excavators Market Segmentations:
By Type
- Mini/ Compact Excavator
- Crawler Excavator
- Wheeled Excavator
- Other Excavator
By End-use Industry
- Construction
- Forestry & Agriculture
- Mining
- Others
Market Drivers:
The growth witnessed in the region is expected to be driven by the increasing investments for infrastructure development and also the growing industrialization across the region. Construction of infrastructure and roads is anticipated to increase rapidly in developing countries such as China and India.
Geographically, the report includes research on production, consumption, revenue, market share, and growth rate in following regions:
- North America
- Europe
- Asia-Pacific
- South America
- The Middle East and Africa
Recent Developments
– Komatsu launched second excavator second semi-automated excavator
– John Deere updated its two 75G and 85G excavators that are capable of working around congested job sites in an efficient fashion
Research Methodology:
We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.
The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.
Key Benefits of This Market Research:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Excavators Market
- Overview of the Regional Outlook of the Excavators Market
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