Feb. 25, 2021, 10:14 p.m. EST

Excavators Market Data Current and Future Trends, Industry Size, Share, Revenue, Business Growth Forecast to 2026

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

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Feb 25, 2021 (The Expresswire) -- The global excavator 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, the overall excavators market is expected to grow from USD 44.12 Billion in 2018 to USD 63.14 Billion by 2026 at a CAGR of 4.7% during the forecast period.

The global excavators market size stood at USD 44.12 Billion in 2018 and is projected to reach USD 63.14 Billion by 2026, exhibiting a CAGR of 4.7% during the forecast period

To Gain More Insights into the Excavators Market Analysis, Browse Summary of the Research Report - 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.

Report Highlights:

  • A comprehensive overview of the Excavators Market

  • Significant factors boosting, restricting, challenging and providing an opportunity to the market

  • Key insights and major industry developments

  • Significant players functioning in the Excavators Market

  • Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others

  • Other market trends

List of the leading companies that are operating in the global 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

Request a Sample Copy for more detailed Excavators Market Overview - https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/excavators-market-100861

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

The global excavator 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 that 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 market.

Regional Analysis for Excavators Market:

  • North America (the USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

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

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