Excavator Market Extensive Growth Opportunities to be Witnessed by 2018-2026

Excavator Market: About the Report

The Fact.MR report on excavator market is a holistic analysis of all-encompassing market dynamics, which elucidates information about growth of the excavator market during the period 2017-2026. The information featured in the excavator market is obtained by conductive a thorough research on macro and microeconomic factors that are instrumental in shaping the excavators market throughout the forecast period.

The report also includes minute details about the competitive environment in the excavator market during the assessment period. By providing comprehensive analysis on strategic developments of leading players in the excavator market, the report can help new entrants to develop appropriate business strategies to gain a competitive edge in the excavator market in the foreseeable future.

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Excavator Market Structure

To provide detailed information about development of the excavator market, the market is divided into five segments in the Fact.MR report. Readers can find in-depth analysis of each segment of the excavator market, which can ultimately help market players to modify or alter their business strategies for the coming future.

Based on the product types, the excavator market is segmented into compact excavators, crawler excavators, dragline excavators, long reach excavators, and suction excavators. According to the mechanism type, the excavator market is segmented in to electric excavators, hybrid excavators, and hydraulic excavators.

Depending on the size class of excavators, the excavator market is divided into four categories – mini or compact (198,416 lbs.). Based on the end-user industry, the excavator market is segmented into construction, mining, and forestry & agriculture.

According to the geographical markets for excavators, the global excavator market is segmented into six regions – North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East & Africa (MEA).

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Emerging Stakeholders and New Entrants will Hold a Sizeable Share in Excavator Market

According to the Fact.MR report, Caterpillar Inc., KUBOTA Corporation, and Doosan Bobcat Inc. are the Tier 1 manufacturers in the excavator market and they collectively account for around 30% revenue share. Tier 2 and Tier 3 players, including CNH Industrial N.V., Deere & Co., and Sany Group Co. Ltd., continue to grow rapidly to intensify the competitive environment in the excavator market.

Due to the slowdown in the excavator market, a majority of manufacturers are focusing on introducing innovative performance features of excavators to boost sales. Leading vendors are investing in technology and R&D to capture lucrative sales opportunities in developed countries. Meanwhile emerging players in the excavator market are expanding their businesses in developed countries, where customers are more focused on enhanced efficiency than new designs of engines in excavators.

Focus on Improving Performance Features: A Key Trend in the Excavator Market



As excavators are cost-sensitive, their performance characteristics, efficiency, and flexibility make the biggest impact on purchasing decisions of customers.

Leading manufacturers in the excavator market aim to deliver unique performance features to attract more customers, especially in saturated markets. Leading manufacturers in the excavator market are entering the rental business to reap the long-term benefits of renting excavators to an increasing number of end-users. Most customers from a vast range of end-user industries prefer renting excavators on the basis of projects in order to limit their expenses on equipment renting and labor charges. Further, manufacturers in the excavator market are introducing innovative rental schemes to make short-term renting more convenient for customers, and capitalize on the latest trends in the excavator market in the upcoming years.

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Additional Questions Answered

The report provides detailed information about y-o-y growth of the excavator market in terms of market value (US$ million) and market volume (units). Apart from that, the report also helps readers to understand lucrative opportunities in the excavator market in order to gain momentum in the upcoming years.

The report also answers important questions about the development of the excavator market, which can help market players to plan their critical business decisions appropriately in the foreseeable future.

Some of the questions about the excavator market answered in the Fact.MR report include

What were the growth parameters of the excavator market during the period 2012-2016?
How are the developing countries contributing to the growth of the excavator market?
What are the salient strategies adopted by Tier 1 players in the excavator market?
Why is the demand for standard/full-size excavators highest across the globe?
How can emerging players establish a stronger position in the excavator market in the upcoming years?
What are the key takeaways from the detailed explanation of growth prospects of the excavator market during 2017-2026?
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About Fact.MR

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