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, Kawasaki Heavy Industries Ltd, Komatsu Ltd, Liebherr-International AG

The Global Excavator market is estimated at $XX Billion in 2020, growing at XX% CAGR till 2026. 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.

The rise in popularity of mini excavators market has influenced North America's trade dynamics, making the region a pure importer of construction machinery.

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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.

• Over the next 1-2 years, excavator market will be widely used in construction work, including both existing infrastructure projects such as roads and bridges, and infrastructure programs of new models such as 5G signal towers, electric vehicle charging stations and urban regeneration.

• As also exports excavator market from major players, the Middle East, Africa and other countries, a major global trend connect with the latest machinery. About 30% of machines are equipped with fuel efficiency, engine health checks, transmissions, telematics sites to check machine operation and access all information online. These telematics trends will be a competition between Europe and Japan to seize the Indian market within a few years.

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 SMEE 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 has released Volvo Active Control, an automatic stop machine control system for EC220E, EC250E and EC300E crawler excavators. The system allows operators to achieve the right depth and angle, and can reduce grading times by up to 45%.

• Volvo CE's new EC300E hybrid excavator features a new hybrid system that offloads the engine and, in the process, reduces fuel consumption by up to 15% and reduces carbon dioxide emissions by 12% compared to conventional machines.

COMPETITIVE LANDSCAPE

• Liebherr has launched an electric excavator for quarry work. The R 976E electric crawler excavator replaces the R 980 SMEE 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 has released Volvo Active Control, an automatic stop machine control system for EC220E, EC250E and EC300E crawler excavators. The system allows operators to achieve the right depth and angle, and can reduce grading times by up to 45%.

• Volvo CE's new EC300E hybrid excavator features a new hybrid system that offloads the engine and, in the process, reduces fuel consumption by up to 15% and reduces carbon dioxide emissions by 12% compared to conventional machines.

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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