****** Excavator Market is Set to Reach USD 64.7 Billion by 2024

According to Goldstein Research, ****** excavator market is expected to reach USD 64.7 billion by 2024 from USD 38.7 billion in 2016, growing at a CAGR of 6.7% over the forecast period 2016-2024. Huge investments by government bodies and private sector for infrastructure development and rapid urbanization are major factors for the growth of excavator market all across the globe. Excavator marketsegmentationhas been carried out on the basis of product type and power range. By power range, high power excavators modern technology are witnessing faster growth compared to low end excavators. In terms of power, 0-300 BHP excavators have grown at a CAGR of 9% while 300-500 BHP excavators have registered growth of 23% CAGR during past decade.

****** excavator market is dominated by developing countries such as India, China and Indonesia owing to rapid industrialization and growing construction industry. North America is projected to be the second fastest growing market.

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Market Segmentation

On the basis of our in-depth analysis, ****** Excavator Market can be segmented as follows:

By Product Type

  • Crawler Excavators
  • Backhoe
  • Suction Excavators
  • Dragline Excavators

By Power range

  • 0-300 BHP
  • 300-500 BHP
  • 500 & Above

 By Region

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

****** Excavator Market report by Goldstein Research contains detailed overview of the ****** excavator market. Further, for the in-depth analysis the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Caterpillar Inc., Hitachi, Kobelco, Komatsu Ltd., Volvo, JCB, Hyundai, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the ****** excavator market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of ****** and regional variations along with competitors’ overview.

Our analysts are working on automotive industry analysis to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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