DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/slmq2l/global_excavator) has announced the addition of the "Global Excavator Market 2015-2019" report to their offering.
The global excavator market is expected to grow at a CAGR of 10.52% during the period 2014-2019.
The global excavator market witnessed a healthy growth of 10.24% Y-o-Y in 2014, as compared to 10.17% in 2013. The market was driven by increased investment in the construction sector, particularly in APAC. In 2014, APAC accounted for the highest market share of 70.41% of the global excavator market.
Countries such as China, India, Indonesia, Singapore, Malaysia, and Philippines have significantly contributed to the growth of the market. Large-scale investments have been planned across these countries for the development of transport infrastructure and construction of new power plants, particularly nuclear. Further, investments in the mining sector, particularly in Latin America, have also contributed to the growth of the market. Owing to the above-mentioned factors, the demand for excavators is expected to grow significantly during the forecast period.
- Deere & Company
- Hitachi Construction Machinery
- Volvo Construction Equipment
Other prominent vendors
- Bharat Earth Movers
- Doosan Heavy Industries & Construction
- Guangxi LiuGong Machinery
- Sany Group
- Zoomlion Heavy Industry Science and Technology
For more information visit http://www.researchandmarkets.com/research/slmq2l/global_excavator