Global Hydraulic Excavator Sales Market by Type (Crawler, Mini, Wheeled), by Power Range (0-300 HP, 301-500 HP and 501 HP and above), by End-User (Infrastructure, Mining, and Waste Management) & by Region - Global Trends and Forecast Till 2019
The hydraulic excavators are one of the heavy machinery and form an important sub category of the global construction equipment market. The excavators are used for various activities like drilling shafts, foundation digging, drilling and grading. The overall market of the excavators experienced a dip in the past years. This depression was due to the economic meltdown, but with the surging infrastructural activities and growing collaboration among rental fleet owners and excavator manufacturers the demand for the hydraulic excavator is again gaining momentum.
The hydraulic excavators have been the part and parcel of the vast majority of the industrial and residential construction and infrastructural activities. The changing scenario with need for more efficient, powerful and technological advanced hydraulic excavators’ power has resulted in hydraulic excavator market gaining thrust. The main challenges faced by the industry include stringent emissions norms, economic slowdown.
Factors driving the global hydraulic excavator sales market include rising urbanization, increasing construction spending, and growing global economy. The global hydraulic excavator sales market is expected to grow at an impressive rate of more than 10% CAGR from 2014 to 2019.
The market for excavators in regions such as Asia-Pacific has increased steadily in the past decade. The main growth is witnessed in China, due to the increase in the infrastructural activities, and urbanization. The scenario of the market is also favorable in North America, though the housing activities were slowed down but its gaining impetus again. The market in Europe including the countries Germany, France and U.K. are pretty favorable with the harsh scenarios in countries like Greece and Spain. The market in the Middle Eastern region also poses a favorable growth with the major market of the hydraulic excavator being Turkey, closely followed by Saudi Arabia followed by UAE.
Hydraulic Excavators Sales Market Size, By Region (2012 – 2019)
Source: MarketsandMarkets Analysis
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On the basis of Type: (Crawler, Mini, Wheeled),
On the basis of region: North America, South America, Asia-Pacific, Europe, and the Middle East & Africa
On the basis of power rating: Excavators are categorized by the power rating (0-300 HP, 301-500 HP, and Above 501 HP)
To provide an in-depth understanding of the competitive landscape, the report includes profiles of the major excavators sales players, which includes manufacturers as well as service providers such as Caterpillar Inc., CNH global NV, Doosan Infracore Ltd, Hitachi Construction Machinery Co. Ltd, Hyundai Heavy Industries Ltd, JCB, Komatsu, John Deere, Sumitomo Heavy Industries Ltd.
The market share analysis of the top companies has also been included in the report. The scope accordingly aids market players to identify high growth markets and help manage key investment decisions. For this report, major players in the hydraulic excavators market have been identified by various primary and secondary sources, and also include key opinions by experts and industry leaders such as CEOs, directors, and business heads.
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Growth opportunities and latent adjacency in Global Hydraulic Excavator Sales Market