A recently compiled report of Fact.MR, titled Global Excavator Market: Forecast, Trend Analysis & Competition Tracking Global Review 2017 to 2026,” provides a comprehensive analysis on development of the excavator market worldwide. Size of the excavator market has been evaluated for the historical period (2012-2017) and forecast period (2022-2027), and has been delivered in terms of value (US$ million) and volume (units).
Fact.MR recently published a comprehensive study on excavator market, which opines that the excavator market will witness modest 3.2% volume y-o-y in 2019 over 2018.
The Fact.MR study finds that the demand for excavator will improve as the heavy construction equipment industry has been recovering from a major slump. Owing to the positive growth of the construction industry, especially in developing countries, excavator market is expected to witness steadily increasing growth in the future.
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Key stakeholders in Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.
The report features a comprehensive list of leading stakeholders as well as new entrants in the excavators market, which includes
- Caterpillar Inc.
- Deere & Co.
- Hitachi Ltd.
- KUBOTA Corporation
- CNH Industrial N.V.
- Volvo Construction Equipment and Services Inc.
- Doosan Bobcat Inc.
- Yanmar Co. Ltd.
- JCB Inc.
- Nagano Industry Co. Ltd.
- KOBELCO Construction Machinery Co. Ltd.
- Kato Works Co. Ltd.
- BEML Limited
- Guangxi LiuGong Machinery Co. Ltd.
- Sany Group Co. Ltd.
- Terex Corporation
- XCMG Construction Machinery Co. Ltd.
- Zoomlion Heavy Industry Science and Technology Co. Ltd.
- CAPPELLOTTO S.P.A.
- Rivard Companies Inc.
- The Charles Machine Works Inc.
To provide detailed information about development of the excavator market, the market is divided into five segments in the Fact.MR report.
Readers can find in-depth analysis of each segment of the excavator market, which can ultimately help market players to modify or alter their business strategies for the coming future.
Based on the product types, the excavator market is segmented into compact excavators, crawler excavators, dragline excavators, long reach excavators, and suction excavators.
According to the mechanism type, the excavator market is segmented in to electric excavators, hybrid excavators, and hydraulic excavators.
Depending on the size class of excavators, the excavator market is divided into four categories – mini or compact (<13,227 lbs.), medium (13,227 – 22,046 lbs.), standard/full-size (22,046 – 198,416 lbs.), and heavy excavator (>198,416 lbs.). Based on the end-user industry, the excavator market is segmented into construction, mining, and forestry & agriculture.
According to the geographical markets for excavators, the excavator market is segmented into six regions – North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East & Africa (MEA).