Pune, India, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Excavator Market Size
The global excavator market will witness considerable growth in the coming years due to increasing investment by private as well as government organizations in infrastructure development. According to a report published by Fortune Business Insights, titled “Excavator Market: Global Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 44.12 Bn in 2018. Fortune Business Insights has predicted that the market will reach US$ 63.14 Bn by 2026 thereby exhibiting a CAGR 4.7%.
The rising demand for excavators across industrial, residential, and commercial sectors has created growth opportunities for the global market. Excavators are used widely in various sectors such as oil and gas, road construction, and mining. The rising demand for excavators, resulting from their applications across diverse domains will aid the growth of the global excavator market in the coming years.
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/sample/excavators-market-100861
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period 2019 to 2026 CAGR | 4.7 % |
| Excavator Market 2026 Value Projection | USD 63.14 billion |
| Base Year | 2018 |
| Excavator Market Size in 2018 | USD 44.12 billion |
| Historical Data for | 2015 to 2017 |
| No. of Pages | 123 |
| Segments covered | By Type, Industry, Geography |
| Global Excavator Market Growth Drivers | Increasing investment for infrastructure development is supplementing the revenue growth of the Asia Pacific, whereas North America is estimated to have a significant growth |
What does the Report Provide?
The market report provides an in-depth analysis of several factors such as the key drivers and restraints that will impact growth. The report further provides insights into the regional analysis covering different regions, contributing to the market growth. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point analysis to obtain information about the current trends and industry developments that will drive the market growth between 2020 and 2027.
Excavator Industry Development:
September 2017: Komatsu launched second excavator second semi-automated excavator
February 2017: John Deere updated its two 75G and 85G excavators that are capable of working around congested job sites in an efficient fashion
Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/excavators-market-100861
Top Excavator Companies Analzyed:
- AB Volvo
- Caterpillar Inc.
- Komatsu Ltd
- Doosan Infracore Co. Ltd
- Hitachi Construction Machinery Co. Ltd
- C. Bamford Excavators Limited
- Liebherr Group
- CNH Industrial N.V
- Hyundai Heavy Industries Co. Ltd
- Terex Corporation
Hitachi’s Launch of Hybrid Excavator Will Aid Overall Expansion of Market
The global excavator market has benefited from increasing product launches. Demand for aesthetic improvements in government institutions has opened the doors for product innovations, mainly possible due to the high investment. In the wake of soaring demand for excavators around the world, several companies have introduced excavators based on new concepts. In 2017, Hitachi launched a new hydraulic excavator cam be operated with minimum fuel consumption. The company stated that its latest product will enable a 12% reduction in fuel consumption from its previous model. Fortune Business Insights states that innovations focusing on environmental preservation will have an edge over their counterparts.. [PM1] The report includes product launches similar to Hitachi’s newest innovation and gauges the impact of these launches on the global market.
Volvo Successfully Overcomes ‘Heavy Battery’ Barrier in Excavators; Global Market to Benefit from Latest Upgrade
The global excavator has been blessed with several product innovations. Despite growing advancements, end users were not fully satisfied with the heavy battery that was accommodated in the excavator system. As it is impossible to eliminate the use of a battery, Volvo came up with a new concept wherein it turned the disadvantage of the heavy battery into an advantage. Volvo brought about several upgrades in the design of its latest excavator, thereby inculcating an optimum use of the heavy battery. Fortune Business Insights predicts that newest concepts introduced by leading companies such as Volvo will enable growth of the global excavator market.
Besides product innovations and launches, the report encompasses several other aspects that have a positive impact on the global market. A few of these aspects include company mergers, increasing investment, and technologically efficient devices. Additionally, the report focuses on the segmentation of the market based on factors such as product type, application, and regional demographics.
Some of the leading companies that are operating in the global excavator market are AB Volvo, Caterpillar Inc., Komatsu Ltd, Doosan Infracore Co. Ltd, Hitachi Construction Machinery Co. Ltd, J.C. Bamford Excavators Limited, Liebherr Group, CNH Industrial N.V, Hyundai Heavy Industries Co. Ltd, and Terex Corporation.
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/excavators-market-100861
Major Table of Contents:
- Introduction
- Definition, By Segment
- Research Approach
- Sources
- Executive Summary
- Market Dynamics
- Drivers, Restraints and Opportunities
- Key Insights
- Macro and Micro Economic Factors
- Key Technological Trends and Developments
- Price Trend Analysis
- Porters Five Forces Analysis
- Global Excavator Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Sizing Estimations and Forecasts – By Type (US$ Mn)
- Mini/ Compact Excavator
- Crawler Excavator
- Wheeled Excavator
- Other Excavator
- Market Sizing Estimations and Forecasts – By End-users (US$ Mn and Million Units)
- Construction
- Forestry & Agriculture
- Mining
- Others
- Market Analysis, Insights and Forecast – By Geography (US$ Mn)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
- North America Excavator Market Analysis, Insights and Forecast, 2015-2026
- Europe Excavator Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Excavator Market Analysis, Insights and Forecast, 2015-2026
- Middle East and Africa Excavator Market Analysis, Insights and Forecast, 2015-2026
- Latin America Excavator Market Analysis, Insights and Forecast, 2015-2026
- Global Excavator Market Share Analysis, By Key Players, 2018
- Competition Matrix
- Business Strategies Adopted by Leading Players
- Company Profile
- AB Volvo
- Overview
- Product Portfolio
- Financials
- Recent Developments
- AB Volvo
- Similar data has been provided for below companies
- Caterpillar Inc.
- Komatsu Ltd
- Doosan Infracore Co. Ltd
- Hitachi Construction Machinery Co. Ltd
- J.C. Bamford Excavators Limited
- Liebherr Group
- CNH Industrial N.V
- Hyundai Heavy Industries Co. Ltd
- Terex Corporation
To be Continue…
Quick Buy - Global Excavator Market Research Report: https://www.fortunebusinessinsights.com/enquiry/queries/excavators-market-100861
More Industry Research Report:
Touchpad Market 2023 Data Current and Future Trends, Industry Size, Share, Revenue, Business Growth Forecast to 2029
Combustion Analyzer Market 2023 Latest Industry Trends, Future Growth, Regional Overview and Growth Forecast Outlook till 2029
Cordless Vacuum Cleaners Market 2023 Latest Industry Trends, Future Growth, Market Share, Revenue, Size
Gas Fireplaces Market 2023 Industry Trends, Future Growth, Regional Overview and Growth Forecast 2029
TIG Welding Market 2023 World-Wide Industry Trends, Entry Strategies, Regulatory Frameworks and Technologies till 2029
Fire Protection System Market 2023 Trends, Research Report, Growth, Opportunities, Forecast 2023-2029
Immersion Heater Market 2023 Outlook 2023-2029- Sales Revenue, Industry Growth Global Research by the Insight Partners
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
[PM1]This is making the section read way too promotional. We always have to keep in mind our product is the market study. At no point should our content read as an advertisement for others.
