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Global excavator market is projected to grow from US$ XX billion in 2019 to US$ XX billion by 2029. Global excavator market is driven by fast growing urbanization. In addition, growth in construction expenditure and growing economy are another factors propelling growth of the global excavator market. Some of the noteworthy trends and developments of the global market is growing demand for fuel efficient excavator. Moreover, introduction of new product and usage of high efficiency hydraulic fluids are expected to fuel growth of the global excavator market over the forecast period. Increasing investments in the residential construction segment followed by transport infrastructure development is projected to create opportunities for growth of the global market over the forecast period.
Key Market Insights from the report:
The global excavator market accounted for US$ XX billion in 2019 and is projected to register a moderate CAGR of XX% over the forecast period. The market report has been segmented on the basis of application, end-user, and region.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “ Global Excavator Market” By Type (Mini, Heavy, Wheeled, and Crawler Type), By Power Range (0-300 HP, 301-500 HP, and 501 & Above HP), By End-user (Infrastructure, Mining, and Waste Management), and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) – forecast till 2029
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The prominent player operating in the global excavator market includes Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Kobelco Construction Equipment, Volvo Construction Equipment, Doosan Corp., Hyundai Motor Company, Sumitomo Corp., John Deere India Private Ltd., Case Construction Equipment, Inc., and Kubota Corp.