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Feb 05, 2021 (The Expresswire) —
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, the overall excavators market is expected to grow from USD 44.12 Billion in 2018 to USD 63.14 Billion by 2026 at a CAGR of 4.7% during the forecast period.

The global excavators market size stood at USD 44.12 Billion in 2018 and is projected to reach USD 63.14 Billion by 2026, exhibiting a CAGR of 4.7% during the forecast period

To Gain More Insights into the Excavators Market Analysis, Browse Summary of the Research Report –https://www.fortunebusinessinsights.com/industry-reports/excavators-market-100861

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.

Report Highlights:

  • A comprehensive overview of the Excavators Market

  • Significant factors boosting, restricting, challenging and providing an opportunity to the market

  • Key insights and major industry developments

  • Significant players functioning in the Excavators Market

  • Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others

  • Other market trends

List 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

  • C. Bamford Excavators Limited

  • Liebherr Group

  • CNH Industrial N.V

  • Hyundai Heavy Industries Co. Ltd

  • Terex Corporation

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“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 that can 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. The report includes product launches similar to Hitachi’s newest innovation and gauges the impact of these launches on the global market.

Regional Analysis for Excavators Market:

  • North America (the USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

“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 the newest concepts introduced by leading companies such as Volvo will enable the 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.

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The report answers the following questions:

  • What are the recent excavators market trends and developments?

  • How will the market be affected by changing consumer behavior?

  • Which strategies are being adopted by key players to enhance their market footprint?

  • Which region will remain in the dominant position in terms of revenue?

  • How many niche segments are present in the market?

Major Table of Contents:

  1. Introduction

    • Research Scope

    • Market Segmentation

    • Research Methodology and Assumptions

  2. Executive Summary

  3. Market Dynamics

    • Drivers, Restraints and Opportunities

  4. Key Insights

    • Macro and Micro Economic Factors

    • Key Technological Trends and Developments

    • Price Trend Analysis

    • Porters Five Forces Analysis

  5. Global Excavator Market Analysis, Insights and Forecast, 2015-2026

    • Key Findings / Summary

    • Market Sizing Estimations and Forecasts By Type (USD Mn)

      • Mini/ Compact Excavator

      • Crawler Excavator

      • Wheeled Excavator

      • Other Excavator

    • Market Sizing Estimations and Forecasts By End-users (USD Mn and Million Units)

      • Construction

      • Forestry and Agriculture

      • Mining

      • Others

    • Market Analysis, Insights and Forecast By Geography (USD Mn)

      • North America

      • Europe

      • Asia Pacific

      • Middle East and Africa

      • Latin America

  1. North America Excavator Market Analysis, Insights and Forecast, 2015-2026

    • Key Findings / Summary

    • Market Sizing Estimations and Forecasts By Type (USD Mn)

TOC Continued…….!

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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:

Name: Ashwin Arora
Email:[email protected]
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Excavators Market Latest Industry Size & Share, Business Strategies, Major Segments and Key Manufacturers Revenue Forecast

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