Los Angeles, CA -- (SBWIRE) -- 05/03/2019 -- An excavator is a construction vehicle used to dig or move large objects. It is made up of two parts: a driving base and a powerful boom arm with an attachment designed for digging. The operator sits inside a small cab attached to the base and controls the arm. The global excavators market is expected to grow in future due to increasing urbanization, rising construction expenditure, and improving economy.

Key trends of this market include high demand in the fuel-efficient excavator, rapid technological advancements, use of IoT in construction, increasing demand from the rental market and rising adoption for other applications. However, there are some factors which can hinder the market growth including stringent emission norms and high maintenance of hydraulic excavators.

The global Excavator market was 29500 million US$ in 2018 and is expected to 35000 million US$ by the end of 2025, growing at a CAGR of 2.2% between 2019 and 2025.

This report studies the Excavator market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Excavator in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

CAT

Komatsu

Doosan

Volvo

Hyundai

Hitachi

Kobelco

Sumitomo

John Deere

Case Construction

Kubota

JCB

By the product type, the market is primarily split into

Mini Excavator

Small Excavator

Medium-sized Excavator

Large-sized Excavator

By the end users/application, this report covers the following segments

Building/Real Estate

Public Utilities

Mining & Oil Well

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