Market Size, Growth and Key Companies – Caterpillar Inc., Hitachi Construction Machinery Co. Ltd., Kobelco Construction Equipment, Volvo Construction Equipment, Komastu Ltd., CNH Industrial NV

New Jersey, United States, – The report provides an overview of Excavator market and offers a detailed analysis of the industry. It includes a comprehensive analysis of the regions and the competitors associated with the market. The report offers an overview of the current market scenario along with precise estimates of the growth of the industry. The report is a comprehensive document that covers drivers, restraints, challenges, emerging trends, consumption patterns, price analysis and market view. Besides these details, the report also covers SWOT analysis, market scenario and feasibility analysis.

The excavator market size was valued at USD 47.26 billion in 2020 and is expected to reach USD 66.98 billion by 2028, growing at a CAGR of 4.47% from 2021 to 2028.

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Additionally, the report provides insightful information on key manufacturers and players as well as the industry. It includes data on the latest trade movements, product launches, technological advancements, mergers and acquisitions, partnerships and joint ventures. The report also provides in-depth assessment of production and manufacturing capacity, industry chain analysis, market share, size, revenue, growth rate and market share. The report also includes market assessment and CAGR to provide a comprehensive portrait of the excavator market.

The report covers an in-depth analysis of the major market players in the market, along with their business overview, expansion plans, and strategies. The major players studied in the report include:

Caterpillar Inc., Hitachi Construction Machinery Co. Ltd., Kobelco Construction Equipment, Volvo Construction Equipment, Komastu Ltd., CNH Industrial NV, Doosan Corporation, Hyundai Heavy Industries Ltd., John Deere, Joseph Cyril Bamford Excavators Ltd., Liebherr Group, Sany Heavy Industries Co. Ltd., Terex Corporation and Yanmar Construction Equipment Co. Ltd.

Segmentation of the excavator market

Excavator Market, By Product Type

• Compact / Mini excavator
• Crawler excavator
• Dragline excavator
• Long reach shovel
• Suction excavator

Excavator Market, By Mechanism Type

• Electric
• Hydraulic
• Hybrid

Excavator Market, By Vertical End-Use Type

• Construction
• Mining
• Forestry and agriculture
• Others

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Scope of Excavators Market Report

Geographic segment covered in the report:

The Excavators report provides information about the market area, which is further further subdivided into sub-regions and countries / regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region during the estimated period.

• North America (United States and Canada)
• Europe (UK, Germany, France and rest of Europe)
• Asia-Pacific (China, Japan, India and the rest of the Asia-Pacific region)
• Latin America (Brazil, Mexico and the rest of Latin America)
• Middle East and Africa (GCC and rest of Middle East and Africa)

Key questions answered in the report:

• What is the growth potential of the excavators market?
• Which product segment will take the lion’s share?
• Which regional market will emerge as a pioneer in the years to come?
• Which application segment will experience strong growth?
• What growth opportunities might arise in the excavator industry in the years to come?
• What are the most important challenges that the Excavator market could face in the future?
• Who are the leading companies in the Excavators market?
• What are the main trends that positively impact the growth of the market?
• What growth strategies are players considering to remain in the Excavator market?

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