Press Release

What are the Latest Trends in Excavators Market?

Top Players in Excavator Market are AB Volvo, Caterpillar Inc., Komatsu Ltd, Doosan Infracore Co. Ltd, Hitachi Construction Machinery Co. Ltd, C. Bamford Excavators Limited, Liebherr Group, CNH Industrial N.V, Hyundai Heavy Industries Co. Ltd, Terex Corporation

The global excavators market will witness considerable growth in the coming years due to increasing investment by private as well as government organizations in infrastructure development. According to a report published by Fortune Business Insights, titled “Excavators Market: Global Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 44.12 Bn in 2018. Fortune Business Insights has predicted that the market will reach US$ 63.14 Bn by 2026 thereby exhibiting a CAGR 4.66%.

Browse Complete Report Details – https://www.fortunebusinessinsights.com/industry-reports/excavators-market-100861

The rising demand for excavators across industrial, residential, and commercial sectors has created growth opportunities for the global market. Excavators are used widely in various sectors such as oil and gas, road construction, and mining. The rising demand for excavators, resulting from their applications across diverse domains will aid the growth of the global excavator market in the coming years.

Top Key Players Mentioned:

  • AB Volvo
  • Caterpillar Inc.
  • Komatsu Ltd
  • Doosan Infracore Co. Ltd
  • Hitachi Construction Machinery Co. Ltd
  • Bamford Excavators Limited
  • Liebherr Group
  • CNH Industrial N.V
  • Hyundai Heavy Industries Co. Ltd
  • Terex Corporation

Get Full Report with Exclusive Insights – https://www.fortunebusinessinsights.com/checkout-page/100861

Hitachi’s Launch of Hybrid Excavator Will Aid Overall Expansion of Market

The global excavators market has benefited from increasing product launches. Demand for aesthetic improvements in government institutions has opened the doors for product innovations, mainly possible due to the high investment. In the wake of soaring demand for excavators around the world, several companies have introduced excavators based on new concepts. In 2017, Hitachi launched a new hydraulic excavator can be operated with minimum fuel consumption. The company stated that its latest product will enable a 12% reduction in fuel consumption from its previous model. Fortune Business Insights states that innovations focusing on environmental preservation will have an edge over their counterparts. The report includes product launches similar to Hitachi’s newest innovation and gauges the impact of these launches on the global excavators market.

Major Table of Content:

  1. Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology and Assumptions
  2. Executive Summary
  3. Market Dynamics
    • Drivers, Restraints and Opportunities
  4. Key Insights
    • Macro and Micro Economic Factors
    • Key Technological Trends and Developments
    • Price Trend Analysis
    • Porters Five Forces Analysis
  5. Global Excavator Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Sizing Estimations and Forecasts – By Type (US$ Mn)
      • Mini/ Compact Excavator
      • Crawler Excavator
      • Wheeled Excavator
      • Other Excavator
    • Market Sizing Estimations and Forecasts – By End-users (US$ Mn and Million Units)
      • Construction
      • Forestry & Agriculture
      • Mining
      • Others

TOC Continued…!

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Volvo Successfully Overcomes ‘Heavy Battery’ Barrier in Excavators; Global Market to Benefit from Latest Upgrade

The global excavator has been blessed with several product innovations. Despite growing advancements, end users were not fully satisfied with the heavy battery that was accommodated in the excavator system. As it is impossible to eliminate the use of a battery, Volvo came up with a new concept wherein it turned the disadvantage of the heavy battery into an advantage. Volvo brought about several upgrades in the design of its latest excavator, thereby inculcating an optimum use of the heavy battery. Fortune Business Insights predicts that newest concepts introduced by leading companies such as Volvo will enable growth of the global excavators market.

Besides product innovations and launches, the report encompasses several other aspects that have a positive impact on the global market. A few of these aspects include company mergers, increasing investment, and technologically efficient devices. Additionally, the report focuses on the segmentation of the market based on factors such as product type, application, and regional demographics.

Some of the leading companies that are operating in the global excavators market are AB Volvo, Caterpillar Inc., Komatsu Ltd, Doosan Infracore Co. Ltd, Hitachi Construction Machinery Co. Ltd, J.C. Bamford Excavators Limited, Liebherr Group, CNH Industrial N.V, Hyundai Heavy Industries Co. Ltd, and Terex Corporation.

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Howard Larue

Howard is leading the column providing news about communication devices. He has worked in the industry long enough to understand the procedures and the knick-knacks of the sectors. His knowledge is as vast as his understanding. His achievements in the field of theories related to the communication industry are noted and framed and hence makes him one of the top achievers in the list.

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