[4/3/2019]: The global crawler excavator market is expected to display higher growth rate in the
upcoming period. Rapid surge in the market is credited to the growing
investment by government authorities and private bodies for public &
commercial infrastructure, particularly in the developing economies across the
globe. Additionally, shifting trend towards rental services of heavy-duty
machinery has led to high-end demand for construction machinery in the last few
years. Globally, crawler excavator market is predicted to generate massive
revenue over the forecast period, providing numerous opportunities for industry
participants to invest in research and development of crawler excavators.
Increasing
demand from residential sector for construction machinery or equipment due to
rapid urbanization, majorly in developing economies such as India and China is
expected to trigger market growth over the forecast period. Additionally, rapid
urbanization has led to requirement for residential buildings such as schools,
colleges, clinics, roads, and commercial spaces. Massive funding from local
government to cater these demands for these public infrastructures is predicted
to drive market expansion in the upcoming years.
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Moreover,
improvements in the existing infrastructures is one of the key drivers for
robust market growth. Introduction of off-highway machineries, which are
manufactured with the help of high strength materials are propelling market
growth as well. High strength materials are capable of withstanding harsh
environmental condition while performing heavy-duty tasks.
However,
higher intimal cost of crawler excavator and lack financial capacity to own
these heavy-duty equipment by independent and small-scale builders or
contractors are anticipated to negatively affect market performance. In
addition, numerous construction projects need construction equipment on
temporary basis. Many companies prefer to reuse existing machineries due to
their longer life span along with additional improvements to improve their
profit margin, thus limiting market progress to large extent.
The
crawler excavator market is broadly categorized into two major segments based
on the application type such as construction industry and mining sector.
Construction industry segment is growing rapidly in the market with substantial
revenue generation in the last few years. The key players in the crawler
excavator market are Caterpillar, Inc., Deere and Co., The Volvo Group, Komatsu
Corp., and CNH Industrial N.V.
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Market Segment:
Report contents include
•
Analysis of the crawler excavator market including revenues, future growth,
market outlook
•
Historical data and forecast
•
Regional analysis including growth estimates
•
Analyzes the end user markets including growth estimates.
•
Profiles on crawler excavator including products, sales/revenues, and market
position
•
Market structure, market drivers and restraints.
Key regions
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
Table of Contents
1
Report Overview
2
Product Type Market
3
Product Application Market
4
Manufacturers Profiles/Analysis
5
Market Performance for Manufacturers
6
Regions Market Performance for Manufacturers
7
World Market Performance Point
8
Development Trend for Regions and Countries (Sales Point)
9
Upstream Source, Technology and Cost
10
Channel Analysis
11
Consumer Analysis
12
Market Forecast
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