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Global Hydraulic Excavator Market Outlook 2030 - Integration of Latest Technologies with Ongoing Demand, Business Development, Growth, Opportunity, and Revenue | Top Key Players Analysis Like AB Volvo, Alamo Group Inc., Astec Industries Inc., BEML Ltd, Ca
Hydraulic Excavator
The hydraulic excavator is a type of vehicle that is specifically designed for digging, unearthing, and destruction purposes. It is heavy construction equipment and used for commercial and residential construction, mining, and sewage disposal. Hydraulic excavators help the workers and users in automating the destruction and construction process to decrease workloads and increase work productivity.
The Hydraulic Excavator Market was valued at USD 10.04 Billion in 2021. The market is projected to grow USD 21.43 Billion in 2030, at a CAGR of 4.3%.
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The global hydraulic excavator market is experiencing increasing demand due to the growing construction and mining activities across the world. The use of hydraulic excavators for digging, demolition, material handling, and other applications is gaining popularity due to their efficiency, productivity, and versatility.
The rising urbanization, infrastructure development, and industrialization are driving the demand for hydraulic excavators in emerging economies. The introduction of advanced technologies, such as hybrid and electric hydraulic excavators, is also contributing to the market growth. The market is expected to continue to grow in the coming years due to the increasing need for efficient and cost-effective equipment in various industries.
Key players profiled in the global Hydraulic Excavator market include:
AB Volvo
Alamo Group Inc.
Astec Industries Inc.
BEML Ltd.
Caterpillar Inc.
CNH Industrial NV
Deere and Co.
Doosan Infracore Co. Ltd.
FAYAT SAS
Guangxi LiuGong Machinery Co. Ltd.
Hitachi Construction Machinery Co. Ltd.
Hyundai Construction Equipment Co., Ltd.
J C Bamford Excavators Ltd.
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Key Developments:
July 2022- CSN, one of the world's biggest mining companies, chooses SANY Mining Equipment, has chosen 23 SANY SKT90S off-road trucks and three SANY SY750H excavators of SANY Mining Equipment.
November 2021- Hitachi Construction Machinery announced that their first medium-sized Hitachi ZX200-6 utility hydraulic excavator has shipped to the U.S. from Japan.
Global Hydraulic Excavator Market Segmentation:
By Type:
Crawler
Mini
Wheeled
By Power Rating:
0-250 HP
251-500 HP
Above 501 HP
By Application:
Construction
Mining
Waste Management
Increasing Demand for Advanced Excavation Equipment Driving Growth of Hydraulic Excavator Market:
The hydraulic excavator market is seeing increasing opportunities due to the growing demand for construction and infrastructure projects worldwide. The rising need for efficient and advanced excavation equipment to improve productivity and reduce construction time is driving the growth of the hydraulic excavator market.
Additionally, the adoption of advanced technology such as telematics and GPS systems is further boosting market growth. The Asia-Pacific region is expected to witness significant growth due to the surge in infrastructure development in countries like India and China. Overall, the hydraulic excavator market is poised for substantial growth in the coming years.
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By Region:
North America- U.S., Mexico, Canada
Europe- UK, France, Germany, Italy, Spain, Rest of Europe
Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
South America- Brazil, Argentina, Colombia, Rest of South America
The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa
The United States is one of the largest markets for hydraulic excavators in North America, driven by increasing construction activities, the adoption of advanced construction equipment, and the availability of skilled operators. The country has a significant number of construction projects, including the development of smart cities, which is driving the growth of the hydraulic excavator market.
Why Purchase the Report?
• The report includes information such as market dynamics scenario, opportunities and challenges during the forecast period
• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
• Regional, sub-regional, and country-level data include the demand and supply forces along with their influence on the market.
• The competitive landscape comprises a share of key players, offering products, relevant financial information, recent developments, SWOT analysis, and strategies.
• Understand the current market scenario and viability of the global market over the forecast period.
Some of the key questions answered in this report:
• What can we estimate about the anticipated growth rates and also the global hydraulic excavator industry size by 2030?
• What will happen in the coming existing and emerging markets?
• What will the market development pace of market?
• Which are the five top players in the hydraulic excavator market?
• How will the hydraulic excavators market change in the upcoming years?
TABLE OF CONTENTS:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Hydraulic Excavator Market
Chapter 5. Global Hydraulic Excavator Market Overview, By Type, 2017 - 2030(USD Million)
Chapter 6. Global Hydraulic Excavator Market Overview, By Power Rating, 2017 - 2030(USD Million)
…..TOC Continued
Browse Complete TOC: https://www.extrapolate.com/toc/machinery-equipment/hydraulic-excavator-market/26041
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Extrapolate is a Global Market Research, Advisory, and Consulting firm that works closely with Industry experts from various industries to bring the latest and most accurate research reports,
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