A recently compiled report of Fact.MR, titled Global Excavator Market: Forecast, Trend Analysis & Competition Tracking Global Review 2017 to 2026,” provides a comprehensive analysis on development of the excavator market worldwide. Size of the excavator market has been evaluated for the historical period (2012-2017) and forecast period (2022-2027), and has been delivered in terms of value (US$ million) and volume (units).
Fact.MR recently published a comprehensive study on excavator market, which opines that the excavator market will witness modest 3.2% volume y-o-y in 2019 over 2018.
The Fact.MR study finds that the demand for excavator will improve as the heavy construction equipment industry has been recovering from a major slump. Owing to the positive growth of the construction industry, especially in developing countries, excavator market is expected to witness steadily increasing growth in the future.
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Key stakeholders in Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.
Market Structure
To provide detailed information about development of the excavator market, the market is divided into five segments in the Fact.MR report.
Readers can find in-depth analysis of each segment of the excavator market, which can ultimately help market players to modify or alter their business strategies for the coming future.
Based on the product types, the excavator market is segmented into compact excavators, crawler excavators, dragline excavators, long reach excavators, and suction excavators.
According to the mechanism type, the excavator market is segmented in to electric excavators, hybrid excavators, and hydraulic excavators.
Depending on the size class of excavators, the excavator market is divided into four categories – mini or compact (<13,227 lbs.), medium (13,227 – 22,046 lbs.), standard/full-size (22,046 – 198,416 lbs.), and heavy excavator (>198,416 lbs.). Based on the end-user industry, the excavator market is segmented into construction, mining, and forestry & agriculture.
According to the geographical markets for excavators, the excavator market is segmented into six regions – North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East & Africa (MEA).
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Some Notable Offerings by Fact.MR Report on Excavator market:
- Fact.MR will provide you an analysis of the extent to which this Excavator market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
- Fact.MR will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
- Also, this report will help you to identify any trends to forecast growth rates.
- The analyzed report will forecast the general tendency for supply and demand.
Some of the Excavator Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:
- Details regarding latest innovations and development in Excavator and how it is gaining customer traction during the forecast period.
- Analysis about the customer demand of the products and how it is likely to evolve in coming years.
- Latest regulations enforced by government bodies and local agencies and their impact on Demand of Excavator Market.
- Insights about adoption of new technologies and its influence on the Excavator market Size.
- Overview of the impact of COVID-19 on Excavator Market and economic disruptions caused by the pandemic.
- Evaluates post-pandemic impact on the Sales of Excavator Market during the forecast period.
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Key Developments in Excavator Market
- Deere & Co. – a leading American manufacturer of construction equipment – recently entered a supplier partnership with Wacker Neuson – a German supplier and distributor of construction equipment. The company aims to provide compact excavators in Asian excavator markets, such as China, Oceania, and Southeast Asia with this partnership, and capitalize on lucrative opportunities emerging in the region.
- Bobcat, a division of the Doosan Group, recently introduced its new E85 excavator, which is the largest machine launched by the company, to expand its R-Series of compact excavators. It is an 8.5-ton excavator with enhanced performance, operator comfort, and uptime protection features, and with this launch the company is aiming to establish a stronger position in the North American market.
After reading the Market insights of Excavator Report, readers can:
- Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
- Analyze key regions holding significant share of total Excavator market revenue.
- Study the growth outlook of Excavator market scenario, including production, consumption, history and forecast.
- Learn consumption pattern and impact of each end use & supply side analysis of Excavator market.
- Investigate the recent R&D projects performed by each market player & competitive analysis of Excavator Market Players.
How Fact.MR Assists in Making Strategic Moves For Excavator Market Manufacturer?
- The data provided in the Excavator market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
- The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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