APEJ Will Continue to Be the Most Attractive Market for Crawler Excavators Over 2026

Jan 10,2018 | Automotive

Crawler excavators continue to gain popularity across the globe owing to their exceptional features such as high lifting capacity, flexibility and mechanical power. Demand for advanced crawler excavators is increasing at a substantial level in mining and construction activities. Infrastructural development, industrialization and urbanization which is ongoing in emerging countries situated in region such as Asia Pacific, the Middle East and Latin America has also provided an impetus to the global crawler excavator market. Future Market Insights (FMI)’s newly published report reveals that the global market for crawler excavator will surpass US$ 180 ‘000 Units by 2026-end. Sectors such as construction mining and excavation are undergoing immense scale of automation, which is resulting in increased adoption of crawler excavators in these sectors.

Crawler Excavator Market

The report is divided into multiple sections, this is done to offer more clarity and make ...

Crawler Excavator Market

Realising the potential, many market players are actively focusing on further technological innovation and adding cutting-edge features to their product. In order to increase market presence, players are stepping efforts to improve their product functionality. Crawler excavators offer greater level of safety and efficiency in construction and mining activities. Moreover, these equipment facilitate faster digging and removal of debris, which is consider as a major factor supporting their adoption. Using crawler excavator, builders, construction companies and mining companies are not only reaching higher efficiency but they can easily manage some of most complex construction tasks. Also, these vehicles can greatly reduce downtime in construction and mining sites. The modern hydraulic crawler excavator have automated and remote control applications, which allow operators to remotely control or manage loading/unloading and digging operations. The factors as such are expected to support the global market for crawler excavator during the forecast period.

Additional Highlight from the Report Include:

In terms of revenue, Asia Pacific excluding Japan (APEJ) is expected to dominate the global crawler excavators market in 2018, and the trend is likely to continue throughout the assessment period. APEJ crawler excavators market is set to exhibit a volume CAGR of 3.2% over the forecast period.

On the basis of product type, the short tail segment is expected to remain highly lucrative over 2026. Currently, the segment represents for more than 32% volume share of the global market and is expected to reach a valuation of US$ 76.4 ‘000 units by the end of forecast period, reflecting a CAGR of 2.6%.

Based on bucket capacity, the medium (2.00-4.00) segment is likely to retain its position over 2026. It terms of volume, this segment currently commands for more than one-third share of the global market. During the assessment period, the segment is projected to increase at a CAGR of 2.3%.

Based on operating weight, the 22,650-30,200 Kg segment is anticipated to grow reach a valuation in excess of US$ 48.2 ‘000 units in 2026, expanding at a steady growth rate.

On the basis of end use vertical, the construction segment is expected to hold its dominant position in 2018 and beyond. Currently, the segment represents a market volume of over US$ 100 ‘000 units and is projected increase at CAGR little under 3% during the forecast period.

Competitive Landscape

Key players profiled in the report include Hyundai Construction Company, Deere & Company, Volvo Construction Equip., CNH Industries, Liebherr, Caterpillar, Hitachi Construction Machinery, Komatsu, Doosan Bobcat, Inc, and Sany Group.

For more information and insights on the global crawler excavator market, contact Future Market Insights analysts at press@futuremarketinsights.com

About the Automotive Division of FMI

The automotive division of FMI offers a novel approach and innovative perspective in the analysis of the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery across the manufacturing sector and distinctive analysis about the installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders, and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.