The global Excavators market was valued at 2950.51 Million USD in 2021 and will grow with a CAGR of 2.09% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

An excavator is a construction vehicle used to dig or move large objects. It is made up of two parts: a driving base and a powerful boom arm with an attachment designed for digging. The operator sits inside a small cab attached to the base and controls the armThe global excavators market is expected to grow in future due to increasing urbanization, rising construction expenditure, and improving economy. Key trends of this market include high demand in the fuel-efficient excavator, rapid technological advancements, use of IoT in construction, increasing demand from the rental market and rising adoption for other applications. However, there are some factors which can hinder the market growth including stringent emission norms and high maintenance of hydraulic excavators.

By Market Verdors:

Caterpillar/Cat

Komatsu

Doosan (Bobcat)

Volvo Construction Equipment

Hyundai Construction Equipment

Hitachi Construction Machinery

Kobelco Construction Machinery

Sumitomo Construction Machinery

John Deere

CNH Industrial

Kubota

JCB

Yanmar

Liebherr

Hydrema

Link-Belt LBX

Takeuchi

Atlas

KATO

SANY Group

Zoomlion

Liugong Machinery

Sunward

Guangxi Yuchai Heavy Industry

XCMG

Shandong Rhinoceros Group

XGMA

Shandong Lingong Construction Machinery (SDLG)

Shandong Construction Machinery

Shantui Construction Machinery

By Types:

Mini Excavator (below 6t)

Small Excavator (6.1-15t)

Medium-Sized Excavator (15.1-30t)

Large-Sized Excavator (Above 30t)

By Applications:

General Purpose Excavator

Mining Excavator

Marine Excavator

Special Excavator

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

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Assess the production processes, major issues, and solutions to mitigate the development risk.

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To understand the future outlook and prospects for the market.

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