The global excavator market is anticipated to record substantial growth over 2030. Rapid growth in population, increasing disposable income, and a dramatic rise in preference for an urban lifestyle has triggered the need for modern residential and commercial spaces.
Increasing environmental concerns and advancements in green infrastructure will offer lucrative scope for electric construction equipment. Excavator manufacturers are constantly launching novel products with advanced features to better address the growing equipment demand in the construction and mining sectors.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/5104
In September 2022, Liebherr showcased its latest rail-road excavators called A 924 Rail Litronic with unique attachments and new features for a wide range of applications. Earlier in June, the company also unveiled its latest range of hydraulic mining excavators as a part of its existing portfolio of mid-class excavators catering to mining applications.
The excavator market is bifurcated into product, type, application, bucket capacity, and region.
Based on product, the industry is classified into large, medium, and mini/compact excavators. Among these, the medium-sized excavator segment accounted for over USD 10 billion in 2021. The introduction of advanced mid-size excavators with novel features and superior performance capabilities is attracting product sales.
By type, the excavator market is divided into crawler and wheel. In 2021, the crawler excavator segment held over 75% share in the market. This type of excavator offers superior strength and gradeability when used in muddy areas and mining sites.
With respect to application, the overall industry is fragmented into rental, mining, forestry & agriculture, and construction. The rental application segment is anticipated to witness a CAGR of more than 5% from 2022-2030. Rental excavator services are seen as a cost-efficient solution, particularly where the equipment is required only for a short period of time. Leasing an excavator offers a broad range of financial and operational advantages such as maintenance assurance.
In terms of bucket capacity, the global excavator market is categorized into below 3 cubic meters, 3-6 cubic meters, and above 6 cubic meters. Of these, the 3-6 cubic meters bucket capacity segment held over 33% share in the industry in 2021. Various mining activities rely on equipment with a capacity between 3 to 6 cubic meters as it ensures higher productivity levels and enhanced efficiency with fewer passes needed by the equipment.
Middle East & Africa excavator industry is projected to expand at a CAGR of over 3% between 2022-2030. The rapid proliferation of smart city development initiatives across several MEA countries such as Saudi Arabia, UAE, and Qatar are accelerating the demand for construction equipment. These countries are ramping up efforts to create connected infrastructure along with modern roads and airports. For instance, in July 2022, UAE announced an investment worth $27.8 million in infrastructure projects.
Request for customization @ https://www.gminsights.com/roc/5104
Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Scope and definitions
1.2 Methodology & forecast parameters
1.3 COVID-19 impact
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 MEA
1.4 Regional trends
1.4.1 North America
1.4.2 Europe
1.4.3 Asia Pacific
1.4.4 Latin America
1.4.5 MEA
1.5 Data sources
1.5.1 Secondary
1.5.2 Primary
1.5.2.1 Primary interview questions
1.5.2.2 Primary respondent profile break-up
1.6 Industry glossary
Chapter 2 Executive Summary
2.1 Excavator industry 360º synopsis, 2018 – 2030
2.1.1 Business trends
2.1.1.1 TAM, 2023 – 2030
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Type trends
2.1.5 Application trends
2.1.6 Bucket capacity trends
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/excavator-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Aashit Tiwari
Corporate Sales, USA
Global Market Insights Inc.
Toll Free: 1-888-689-0688
USA: +1-302-846-7766
Europe: +44-742-759-8484
APAC: +65-3129-7718
Email:[email protected]
"Overview Of Backhoe Excavator Industry 2020-2028:This has brought along several changes in This report also covers the impact of COVID-19 on the global market.The Backhoe Excavator Market analysis summary by Reports Insights is a thorough study of the current trends leading to this vertical trend in various regions.
Research summarizes important details related to market share, market size, applications, statistics and sales.
In addition, this study emphasizes thorough competition analysis on market prospects, especially growth strategies that market experts claim.Backhoe Excavator Market competition by top manufacturers as follow: Caterpillar, Volvo, John Deere, Bobcat, JCB, Volvo, Yanmar Excavators, Terex, Hitachi, CASE, Komatsu, KubotaGet a Sample PDF copy of the report @ https://reportsinsights.com/sample/132983The global Backhoe Excavator market has been segmented on the basis of technology, product type, application, distribution channel, end-user, and industry vertical, along with the geography, delivering valuable insights.The Type Coverage in the Market are: Mini Excavator BackhoeSmall Excavator BackhoeMedium Excavator BackhoeLarge Excavator BackhoeMarket Segment by Applications, covers:Road ConstructionBridge ConstructionBuildingOtherMarket segment by Regions/Countries, this report coversNorth AmericaEuropeChinaRest of Asia PacificCentral & South AmericaMiddle East & AfricaMajor factors covered in the report:Global Backhoe Excavator Market summaryEconomic Impact on the IndustryMarket Competition in terms of ManufacturersProduction, Revenue (Value) by geographical segmentationProduction, Revenue (Value), Price Trend by TypeMarket Analysis by ApplicationCost InvestigationIndustrial Chain, Raw material sourcing strategy and Downstream BuyersMarketing Strategy comprehension, Distributors and TradersStudy on Market Research FactorsGlobal Backhoe Excavator Market ForecastTo get this report at a profitable rate.
: https://reportsinsights.com/discount/132983The analysis objectives of the report are:To know the Global Backhoe Excavator Market size by pinpointing its sub-segments.To study the important players and analyse their growth plans.To analyse the amount and value of the Global Backhoe ExcavatorMarket, depending on key regionsTo analyse the Global Backhoe Excavator Market concerning growth trends, prospects and also their participation in the entire sector.To examine the Global Backhoe Excavator Market size (volume & value) from the company, essential regions/countries, products and application, background information.Primary worldwide Global Backhoe Excavator Market manufacturing companies, to specify, clarify and analyse the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for future.To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.Access full Report Description, TOC, Table of Figure, Chart, etc.
@ https://reportsinsights.com/industry-forecast/Backhoe-Excavator-Market-132983About US:Reports Insights is the leading research industry that offers contextual and data-centric research services to its customers across the globe.
The firm assists its clients to strategize business policies and accomplish sustainable growth in their respective market domain.
