Global Tracked Excavators Market Expected to Witness a Sustainable Growth over 2025 - QY Research

Excavators are heavy construction equipment consisting of a boom, dipper, bucket and cab on a rotating platform known as the "house". The house sits atop an undercarriage with tracks or wheels. They are a natural progression from the steam shovels and often mistakenly called power shovels. All movement and functions of a hydraulic excavator are accomplished through the use of hydraulic fluid, with hydraulic cylinders and hydraulic motors. Due to the linear actuation of hydraulic cylinders, their mode of operation is fundamentally different from cable-operated excavators which use winches and steel ropes to accomplish the movements.
The rising government spending on infrastructure is estimated to be one of the major factors that will have a positive impact on the growth of the market. The importance of infrastructure development is increasing because it is directly proportional to the economic growth of a nation. This in turn, generates jobs and avails important services such as energy, housing, and clean water supply. This encourages MNCs to set up their establishments in countries with a strong infrastructure. Consequently, the living standards and human development index of a country is also enhanced. The increasing focus on the development of infrastructure will drive the demand for construction equipment, which in turn, will boost the adoption of tracked excavators.
APAC accounted for the majority market share during 2017 due to the rise in infrastructure projects and the growing demand for construction equipment. The number of infrastructure projects is increasing in South and Southeast Asian countries such as China, India, Indonesia, and the Philippines due to the rising number of governmental projects such as the construction of roads, airports, and railway lines.

The following manufacturers are covered in this report:
Caterpillar
Komatsu
Hitachi Construction Machinery
Volvo Construction Equipment
XCMG Group
BEML
J C Bamford Excavators
Kobelco Construction Machinery
SANY GROUP
Terex
LARSEN & TOUBRO
Hyundai Heavy Industries
LiuGong
Liebherr
Takeuchi

Tracked Excavators Breakdown Data by Type
Medium Type
Large Type
Small Type

Tracked Excavators Breakdown Data by Application
Building
Mining
Others

Tracked Excavators Production by Region
United States
Europe
China
Japan
Other Regions

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