Report on Excavator Market 2016 Edition Featuring Komatsu Ltd., Hitachi, Kobelco and Caterpillar Inc.
The key factors driving the growth of the excavator industry are rising urbanization, growth in construction expenditure and growing economy. Some of the noteworthy trends and developments of this industry are growing demand for fuel efficient excavator, introduction of new product and usage of high efficiency hydraulic fluids. However, the expansion of global excavator industry is hindered by high maintaining cost for hydraulic excavators and strict regulatory compliance imposed on producers.
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