Research and Markets: Global Excavator Market 2014-2018: Key Vendors are Caterpillar, Hitachi Construction Machinery, Komatsu, Liebherr International, Sany Heavy Industry & Terex
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/6dcp27/global_excavator) has announced the addition of the "Global Excavator Market 2014-2018" report to their offering.
The Global Excavator market to grow at a CAGR of 10.69% over the period 2013-2018.
The Global Construction Equipment market has experienced several pitfalls in the past decade due to the global economic recession. Excavators form an integral part of the Global Construction Equipment market; therefore, they experienced a decrease in their demand during the recession.
There are two types of excavators: mini/midi excavators and crawler/wheeled excavators.
These are used to excavate, discharge, or elevate materials with the help of a bucket fitted to the boom. These are self-propelled machines which run using either crawlers or wheels. They are highly versatile heavy construction machines and are used for various applications such as below and above ground level operations, which include land leveling, trench digging, and well sinking.
One of the major positive trends in this market is increased collaboration among rental fleet owners and excavator manufacturers. Some vendors are developing technologically advanced excavators which have better control systems and are more efficient.
According to the report, the Global Excavator Market is driven by several factors such as an increase in mining activities. Mining activities have grown rapidly in Russia, Australia, Canada, Chile, Brazil, South Africa, India, the US, and China. The growth of mining activities in China is vigorous, primarily due to ongoing industrialization and global trade activities. China's massive fiscal stimulus packages in recent years have made it the leader in emerging markets.
Further, the report states that the need for continuous support and maintenance is a major concern for excavator manufacturers. Continuous support and maintenance are essential for the effective performance of the equipment and improved productivity.
To calculate the market size, the report considers revenue generated through the sales of excavators across all geographies. It includes the revenue generated from the sales of mini/midi excavators and crawler/wheeled excavators. The report presents the vendor landscape and a corresponding detailed analysis of the top six vendors in the market. In addition, it discusses the major drivers that influence the growth of the Global Excavator market. The report also outlines the challenges faced by the vendors and the market at large and identifies the key trends that are emerging in the market.
- Caterpillar Inc.
- Hitachi Construction Machinery Co. Ltd.
- Komatsu Ltd.
- Liebherr International AG
- Sany Heavy Industry Co. Ltd.
- Terex Corp.
For more information visit http://www.researchandmarkets.com/research/6dcp27/global_excavator