"The Report Global
Excavator
Market 2015-2019 provides information on pricing, market
analysis, shares, forecast, and company profiles for key industry
participants. - MarketResearchReports.biz"
About excavators
Excavators are used to
unearth, transport, and unload materials with the help of a bucket
fitted to a boom. They move on crawlers or wheels. Excavators are
versatile heavy construction machines used for below- and
above-ground operations, including land leveling, digging trenches,
and sinking wells.
The global excavator market
witnessed a healthy growth of 10.24% Y-o-Y in 2014, as compared to
10.17% in 2013. The market was driven by increased investment in the
construction sector, particularly in APAC. In 2014, APAC accounted
for the highest market share of 70.41% of the global excavator
market. Countries such as China, India, Indonesia, Singapore,
Malaysia, and Philippines have significantly contributed to the
growth of the market. Large-scale investments have been planned
across these countries for the development of transport
infrastructure and construction of new power plants, particularly
nuclear. Further, investments in the mining sector, particularly in
Latin America, have also contributed to the growth of the market.
Owing to the above-mentioned factors, the demand for excavators is
expected to grow significantly during the forecast period. According
to Technavio, the global excavator market is expected to grow at a
CAGR of 10.52% during the period 2014-2019.
In 2014, the crawler excavator
segment dominated the global excavator market with a market share of
78.37%, while the remaining share was accounted for by the mini
excavator segment with a share of 21.63%. This trend is likely to
continue during the forecast period. Owing to such high demand for
excavators, equipment manufacturers are developing new excavators
that are fuel-efficient and technologically advanced with features
such as display of real time information regarding performance. In
addition, the equipment rental business is also growing rapidly in
Europe and the US, but the sector is still in the nascent stage in
APAC.
Technavio's analysts forecast
the global excavator market to grow at a CAGR of 10.52% over the
period 2014-2019.
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Covered in this Report
This report covers the present
scenario and the growth prospects of the global excavators market for
the period 2015-2019. The market size has been calculated based on
the total revenue generated from the consumption of excavators. It
does not consider the sale of used equipment or revenue generated
from contracts and maintenance.
The report also presents a
detailed analysis of the geographical segmentation. In addition, the
report also presents a detailed analysis on the key vendors in the
market. The report also discusses the major drivers that influence
the growth of the market. It also outlines the challenges faced by
vendors and the market at large, as well as the key trends emerging
in the market.
Key vendors
- Caterpillar
- Deere & Company
- Hitachi Construction Machinery
- Komatsu
- Volvo Construction Equipment
Other prominent vendors
- Bharat Earth Movers
- Doosan Heavy Industries & Construction
- Guangxi LiuGong Machinery
- JCB
- Sany Group
- XCMG
- Zoomlion Heavy Industry Science and Technology
Market driver : Increased
focus on public transport infrastructure
Market challenge :
Stringent emission norms
Market trend : Growing
demand for fuel-efficient excavators
Key questions answered in
this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Browse Press Releases by
Prweb :
Table Of Content
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research
methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
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