Global Hydraulic Excavator Market Outlook 2024 - ResearchAndMarkets.com

DUBLIN--()--The "Global Hydraulic Excavator Market (By Geography: Asia Oceania, North America, Europe; Japan, India & China) Market Outlook 2024" report has been added to ResearchAndMarkets.com's offering.

Global Hydraulic Excavator Market (By Geography: Asia Oceania, North America, Europe; Japan, India & China) Market Outlook 2024 report, provides comprehensive market outlook of global hydraulic excavators market with market assessment is done across major markets such as North America, Asia Oceania, Europe, The US, China, Japan and India.

Asia Oceania is the world's largest hydraulic excavators market. It is followed by Western Europe and North America at second and third position. In terms of country, Japan and China are the world's largest hydraulic excavators market.

Global excavators industry is highly competitive with numerous market players vying to capture the market by continuous enhancement of their product and services offerings.

Over the past several years, growth of global hydraulic excavators industry has been kept buoyant by rising infrastructure expenditure, growth of construction equipment industry, rapid urbanization and improvement of global macroeconomic conditions. However, major factors restraining growth of the industry include stringent regulations and high maintenance and repair costs.

In order to remain competitive, leading industry players such as Hitachi Construction Machinery, Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment and Xuzhou Construction Machinery Group (XCMG) utilize the growth opportunity effectively by continuous reformation of its offerings. These leading market players have been profiled herein based on attributes such as business overview, product segments and financial overview.

The report also compiles performance comparison of aforementioned companies and other leading companies in the segment based on various parameters in the competitive landscape section. In totality, the report provides detailed market analysis, with relevant forecasted data supported by key market dynamics. This information will be helpful in evaluating opportunities in global as well as regional hydraulic excavators market.

Market Dynamics

Industry Trends & Development

  • Advent of Hybrid Hydraulic Excavators
  • Excavator Rental
  • Hydraulic Excavators Utilizing IoT

Growth Drivers

  • Rising Infrastructure Expenditure
  • Growth of Construction Equipment Industry
  • Rapid Urbanization
  • Improvement of Global Macroeconomic Condition

Challenges

  • Stringent Regulations
  • High Maintenance and Repair Cost

Companies Mentioned

  • Hitachi Construction Machinery
  • Caterpillar Inc.
  • Komatsu Ltd.
  • Volvo Construction Equipment
  • Terex Corporation
  • Xuzhou Construction Machinery Group (XCMG)

For more information about this report visit https://www.researchandmarkets.com/research/f3zrb7/global_hydraulic?w=4

Contacts

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Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
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Related Topics: Excavation and Earthmoving Equipment

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Excavation and Earthmoving Equipment