Excavator Market

Excavator Market Set to Exceed USD 62.2 billion by 2026 | CAGR 4.32%

“Excavator Market Share, Size, Trends, & Industry

Analysis Report By Product Type (Mini, Heavy, Wheeled, Crawler); By Application (Construction, Mining, Waste Management); By Region, Segment Forecasts, 2020 - 2026”

Excavator Market Estimate & Forecast to 2026 The global excavator market size is expected to reach USD 62.2 billion by 2026 according to a new study by Polaris Market Research.

Excavators are building equipment which is equipped with a dipper, boom or bucket fixed on a mobile platform that is based on application requirements. The excavators assist in the execution of excavation, landscaping, picking and placing, handling and construction of materials, demolition and other activities. The excavators also help to complete labor-intensive tasks or earlier work performed using heavy building equipment.

Advances in technology have also resulted in superior equipment for excavators with high power output and performance capabilities, offering effective alternative solutions for heavy construction equipment. As a result, excavators are available for various applications in various power output capacities.

One of the major indicators driving the growth of the market for excavators during the forecast period is the growing construction industry. It is also expected that the versatile advantages of excavators, such as durability, compact size, superior maneuverability, availability of different power output ranges and others, will fuel the demand for excavators over the forecast period. In order to optimize the building process in the construction industry, rapid infrastructural development and technological advancement lead to the incorporation of advanced machinery and equipment.

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Excavator Market Scope

By Product Type

By Region

By Application Type

Report Attributes



Mini



Construction



North America



Historic year: 2015-2018



Heavy



Mining



Europe



Base year: 2019



Wheeled



Waste Management



Asia Pacific



Forecast Year: 2020-2026



Crawler



Latin America Middle East



Revenue (USD Million)

& Africa

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Excavator Market Estimate & Forecast to 2026 Saudi Arabia and Israel’s market is also growing rapidly. This is expected to increase the Middle East & Africa market share. The region is a leading oil and gas market and thus offers huge opportunities for the MEA region. Due to the implementation of new emission standards, companies are trying to introduce environment friendly machines and are constantly trying to develop enhanced products which would meet the international regulations and norms. This is one of the major concern for the overall industry.

Increasing investment in the residential building segment followed by development of transport infrastructure is projected to increase growth prospects in this market. This will result in a steady rate of market growth and increase the sales of manufacturers of excavators. Some of the key players in the market include John Deere, Komatsu, Liebherr, KUBOTA Corporation, CNH Industrial N.V., Doosan Bobcat Inc, Caterpillar, Hitachi, Kato Works Co., Ltd. and Kobelco among others.

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Excavator Market Share

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About Us Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to e present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world.

We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Â Web: www.polarismarketresearch.com Official Blog: http://polarismarketresearch.blogspot.com

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