Global Hydraulic Excavator Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global hydraulic excavator market in its upcoming report titled, “Global Hydraulic Excavator Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global hydraulic excavator market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global hydraulic excavator market report has been segmented on the basis of type, power rating, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Hydraulic excavator is a heavy machinery consist of hydraulic cylinders, a boom, undercarriage, arm/stick, bucket and a house-like cab placed on a rotating platform. It is designed for excavation and demolition purposes, and range in size and function. It used as an important equipment widely applicable in construction and used for digging of soil and loading dump trucks.
Rising demand for hydraulic excavators from various sectors such as infrastructure, mining, and waste management is a major factor expected to drive growth of the global hydraulic excavator market. In addition, technological innovation and upgradation by the manufacturers, owing to increasing demand for transportable and low cost energy efficient hydraulic excavators is also expected to propel demand for hydraulic excavator and drives growth of the target market over the forecast period.
High cost of hydraulic excavators is a major factor may hamper adoption and restrain growth of the target market. In addition, rules and regulations regarding safety measures is another factor restraining growth of the hydraulic excavator market. Rapidly growing urbanization in the countries of the developing regions are factors driving growth of infrastructure sector, and projected to create opportunity for the target market.
The Asia Pacific market is accounted for major share in terms of revenue in the global hydraulic excavator market and is expected to register highest growth rate over the forecast period. This dominance can be attributed to growing urbanization and infrastructural activities in countries such as China, Japan, and India in the region. The hydraulic excavator market in North America is expected to witness a significant market share in terms of revenue to the target market during the forecast period, followed by Europe. Middle East and Africa market is projected to register a significant growth rate in the target market during the forecast period.
Global Hydraulic Excavator Market Segmentation:
Segmentation On the Basis of Type:
Segmentation On the Basis of Power Rating:
- 0-300 HP
- 301-500 HP
- Above 501 HP
Segmentation On the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Caterpillar Inc.
- Deere & Company
- Doosan Corporation
- Hitachi Ltd.
- Hyundai Heavy Industries Co., Ltd.
- CNH Industrial N.V.
- Komatsu Ltd.
- AB Volvo
- Sumitomo Heavy Industries, Ltd.
- JCB Service
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