Press release
World Excavators Market is Expanding and will become huge by 2022, Key Players- Caterpillar Inc, Hitachi Construction Machinery Co., Ltd., Volvo Construction Equipment, Terex Corporation, JCB Ltd
Excavators are self-powered hydraulic machines which are used for discharge and excavation with the help of a digging bucket at end of two-part articulated arm. Excavators are heavy construction machines, which are used in applications such as well sinking, trench digging and land levelling.
The growth of the excavators market is majorly driven by huge investments in infrastructure projects and commercial activities such as mining which have led to an increased use of excavators. Stringent regulations relating to emission control have led to the development of environment friendly equipment, which is expected to drive the demand of excavators market during the forecast period. Rising collaboration between rental fleet owners and excavator manufacturers are also expected to drive the growth of the market as they provide excavators al very low cost. The emphasis of excavator manufacturers on development of efficient and technologically advanced products with better control systems is making the use of excavators easier, thereby driving the growth of the market. The growth of the market will be restrained by factors such as high maintenance costs, need for technical support and increased emission norms.
Regional Analysis:
Asia Pacific is dominating the global excavator market, led by the growth in infrastructure development and rise in urbanization in developing nations such as china. The booming construction market in the region is further expected to drive the growth of the market. In Europe region, the excavator market is observing a decline due to decrease in construction expenditure and low-investment in non-residential construction and infrastructure market.
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LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 GLOBAL EXCAVATORS MARKET: BY TYPE (%)
FIGURE 3 GLOBAL EXCAVATORS MARKET: BY END-USER (%)
FIGURE 4 GLOBAL EXCAVATORS MARKET: BY APPLICATION (%)
FIGURE 5 GLOBAL EXCAVATORS MARKET: BY REGION
FIGURE 6 NORTH AMERICA EXCAVATORS MARKET, BY TYPE (%)
FIGURE 7 NORTH AMERICA EXCAVATORS MARKET, BY END-USER (%)
FIGURE 8 NORTH AMERICA EXCAVATORS MARKET, BY APPLICATION (%)
FIGURE 9 EUROPE EXCAVATORS MARKET, BY TYPE (%)
FIGURE 10 EUROPE EXCAVATORS MARKET, BY END-USER (%)
FIGURE 11 EUROPE EXCAVATORS MARKET, BY APPLICATION (%)
FIGURE 12 ASIA-PACIFIC EXCAVATORS MARKET, BY TYPE (%)
CONTINUE...
Key Players:
The key players of Excavators market are Caterpillar Inc. (U.S.), Hitachi Construction Machinery Co., Ltd. (Japan), Komatsu Ltd. (Japan), Volvo Construction Equipment (Belgium), Xuzhou Construction Machinery Group (XCMG) (China), Terex Corporation (U.S.), JCB Ltd. (U.K.), Sandvik AB (Sweden), Hyundai Heavy Industries Co., Ltd. (South Korea) and others.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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