Excavator Market Top Key Players - Caterpillar Inc, CNH Industrial NV, Doosan Heavy Industries and Construction Co Ltd, Hitachi Construction Machinery Co Ltd, JC Bamford Excavators Ltd

The Global Excavator market is estimated at $XX Billion in 2020, growing at XX% CAGR till 2026. Improving the productivity of civil construction works in the current difficult economic environment is essential. For their versatility and operability, excavators dominate the group of construction machinery currently running on most civil construction sites.

In order to curb global warming, the requirements for reducing greenhouse gas emissions have become even more stringent, and even with today's flood control excavators, improving fuel efficiency has been an important issue.

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EXCAVATOR MARKET DYNAMICS

Excavator sales are often used to analyze the country's construction activity. Excavator sales also reflect the country's economic growth, with infrastructure projects playing an important role in GDP growth.

Excavators over the next 1-2 years are widely used in construction work, including both existing infrastructure projects such as roads and bridges, and new model infrastructure programs such as 5G signal towers, electric vehicle charging stations, and urban regeneration.

NEW PRODUCT DEVELOPMENT IN EXCAVATOR MARKET

Liebherr has launched an electric excavator for quarry work. The R 976E electric crawler excavator replaces the R 980 SME-E with the ER 974 B for mine and quarry extraction. The excavator is produced at Liebherr France SAS. The excavator and power system were designed and produced by all Liebherr.

Volvo Construction Equipment's new EC300E hybrid excavator is equipped with a new hybrid system that removes the load from the engine and in the process consumes up to less than 15% less fuel and more than 12% compared to existing machinery. It provides low carbon dioxide emissions.

EXCAVATOR MARKET SEGMENTATION

By Application Type
• Construction
• Mining
• Others

By Product Type
• Mini/Compact Excavators
• Crawler Excavators
• Wheeled Excavators
• Others

By Region
• U.S
• Europe
• China
• India
• Rest of the World

COMPETITIVE LANDSCAPE

• Komatsu and Honda have reached a basic general development agreement to electrify Micro-Komatsu excavators to exchange Mobile MobilePack Exchange (MPP) (MPP) and set up an energy system, use Honda MPP and the course of the same MPP from different design devices and other devices use.

• Komatsu signed a partnership with Prerterra to obtain the battery system of Prederra with the aim of Komatsu electrifications with its small and medium hydraulic excavator. Through the Proterra Podeled program, the company offers battery systems and electrification solutions to support heavy and commercial car manufacturers worldwide electrifications.

COMPANIES PROFILED
• Caterpillar Inc
• CNH Industrial NV
• Doosan Heavy Industries and Construction Co Ltd
• Hitachi Construction Machinery Co Ltd
• JC Bamford Excavators Ltd
• Kawasaki Heavy Industries Ltd
• Komatsu Ltd
• Liebherr-International AG
• Escorts Limited
• Deere & Company
• Kobelco Construction machinery Co. Ltd.
• Hyundai Construction Equipment & Co.
• Volvo Construction Equipment AB

Read More Information: https://mobilityforesights.com/product/excavator-market/

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