Global Excavator Market 2020- Global Industry Analysis, Key Players, Segmentation, Services, Solutions, Trends and Forecast By 2029
On June 2019, Hitachi Construction Machinery Co., Ltd. has signed an agreement for joint investment in the Hitachi Construction Machinery Operators Training Center Co., Ltd. which implements skills training for construction machinery and other equipment
On April 2019, Doosan Infracore has announced that Doosan Infracore and Doosan Bobcat has participated in BAUMA 2019 which is a construction machinery exhibition held in Munich, Germany. BAUMA is the world's largest construction machinery trade show
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Germany. BAUMA is the world's largest construction machinery trade show
Key Market Insights from the report:
The global excavator market accounted for US$ XX billion in 2019 and is projected to register a moderate CAGR of XX% over the forecast period. The market report has been segmented on the basis of application, end-user, and region.
By type, the global excavator market is segmented into mini, heavy, wheeled, and crawler type. The crawler excavator type segment dominates the global market, followed by mini excavator type segment, owing to increasing demand for technologically advanced and fuel-efficient excavators.
By power range, the global excavator market is bifurcated into 0-300 HP, 301-500 HP, and 501 & above HP.
By end-user, the global excavator market is categorized into infrastructure, mining, and waste management. The end-user excavator segment has expanded significantly due to increase in constructor and mining segments, and rise in awareness about waste management.
By region, Asia Pacific dominates the global excavator market, owing to growth in infrastructure development and rise in urbanization in China. Growing population in countries such as China and India is expected to boost the construction market over the forecast period. Thus, propel growth of the global market.
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The prominent player operating in the global excavator market includes Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Kobelco Construction Equipment, Volvo Construction Equipment, Doosan Corp., Hyundai Motor Company, Sumitomo Corp., John Deere India Private Ltd., Case Construction Equipment, Inc., and Kubota Corp.
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