Excavator is a machine that is used to dig out soil mainly for construction purposes. These machines have a vast application in heavy construction activities wherein the soil is excavated and pulled back to the machine using hydraulic force. The effectivity of the excavator is examined by the time taken by the machine to load the fitted bucket from the source, brought back to the machine, and again dug in. Excavators are available in varied sizes depending on the bucket size, arm length, boom length, and operational speed. Different types of excavators include wheeled, crawler, suction, dragline, and others.
Market Data Analysis:
The Wheeled Excavator market is projected to be valued at USD xxxx million in 2019 and is anticipated to generate revenue of USD xxxx million by the end of 2026, progressing at a GAGR of xxxx% between 2019 and 2026.
According to the report, one of the key drivers is a growing demand for Wheeled Excavator in various industries, such as Construction, Mining, Oil & Gas, and National Defense. Wheeled Excavator global market is significantly rising across the globe on the back of increasing development of urban infrastructure, roads and highways, and mining sector and the increase in investment in the construction and mining sectors across various countries. On the contrary, the Wheeled Excavator market can be obstructed due to it’s not being suitable for hilly areas because of the low grip of the ground and the high maintenance cost. With the recovery of the global economy and the development of emerging powers, the Wheeled Excavator market is endowed with a promising future.
Asia-Pacific was the major revenue generating region in 2018 and is expected to garner growth in the coming years. Developing countries such as China and India are anticipated to show growth during the period forecast period, owing to an increase in infrastructure investment and urbanization. North America is expected to show moderate growth in the following years, owing to the saturated construction industry in this region. The Europe region is projected to witness growth over the forecast period due to the recovering construction industry and the large-scale government investments in the infrastructure sector in the region.
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Market Classification:
Global Wheeled Excavator market: Type segments
• Below 100 HP
• 100-150 HP
• Above 150 HP
Global Wheeled Excavator market: Application segments
• Construction
• Mining
• Oil & Gas
• National Defense
• Others
The Construction segment is anticipated to account for the largest share in the Wheeled Excavator market over the forecast years, owing to investments by governments in construction and upgrade of existing infrastructure.
Global Wheeled Excavator market: regional segments
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, UK, Russia, and Italy)
• Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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To gain insight into the competitive landscape, the report includes an overview of key players in the Wheeled Excavator market, including Caterpillar, Hitachi Construction Machinery, Komatsu, Volvo Construction Equipment, Xuzhou Construction Machinery Group, Terex Construction, Liebherr, Deere & Company, SANY, Doosan Infracore, J C Bamford Excavators, KOBELCO CONSTRUCTION MACHINERY, CNH Industrial, Hyundai Heavy Industries, Atlas GmbH, Wacker Neuson, HIDROMEK, Shantui Construction Machinery, Takeuchi Manufacturing, Sennebogen, etc. These participants have adopted various growth strategies to meet the growing demand for Wheeled Excavator market and to increase their market share.
Wheeled Excavator Market Intended Audience:
• Wheeled Excavator manufacturers
• Wheeled Excavator importers and exporters
• Wheeled Excavator traders, distributors, and suppliers
• Raw material suppliers of Wheeled Excavator
• Wheeled Excavator industry associations
• Product managers, Wheeled Excavator industry administrator, C-level executives of the industries
• Market Research and consulting firms
• Small and Medium-sized Enterprises (SMEs)
• Government agencies and NGOs
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