Global Excavator Market to Continue Expanding, Says Koncept Analytics in Its Topical Report Available at MarketPubishers.com27 Apr 2016 • by Natalie Aster
LONDON – Excavators form one of the largest segments of the overall construction equipment market. The key end-markets for excavators include construction of roads, gold and diamonds extraction, construction of building structures to name only a few.
Recently, the global excavator market has witnessed a considerable slump in demand for hydraulic excavators owing to a significant downturn in demand for hydraulic excavators in China, Japan and Asia & Oceania. Nevertheless, sales of hydraulic excavators in North America and Europe have been gaining traction at a steady pace.
Worldwide excavator market will likely keep to the growth trend in the offing driven by rising urbanisation in the country, growing economy and also increase in construction expenditures. However, the market growth could possibly be hindered by certain challenges including strict regulatory compliances imposed on producers as well as high maintaining costs for hydraulic excavators.
Noteworthy trends in the global excavator market include new product launches, rising usage of high efficiency hydraulic fluids and an upsurge in demand for fuel efficient excavators.
Topical research report “Global Excavator Market Report: 2016 Edition” prepared by Koncept Analytics provides a detailed analysis of the global excavator market along with an overview of the Chinese market for excavators. The research study offers reliable information on the major market trends, growth drivers, challenges and restraints, recent hot issues and emerging opportunities. Moreover, the competitive landscape in the market is also explored here together with profiles of top players (Caterpillar, Komatsu, Hitachi and Kobelco).
To find more research reports by Koncept Analytics, kindly, click here.