Excavator Market Dominates Global Construction Equipment Market, Says Koncept Analytics in New Research Report Available at MarketPublishers.com
06 Apr 2017 • by Natalie Aster
LONDON – Decline in demand for construction equipment in the North American and European regions over past few years resulted in negative outlook for the world’s construction equipment market. Still, the market is predicted to gain traction in the years ahead, encouraged by significantly increased investments into infrastructure development in North America and Europe.
Nowadays, the excavator segment dominates the global construction equipment market. The global excavators market is likely to showcase robust growth in the coming years owing to such favourable factors as escalated global GDP, boosting construction expenditures and rising urbanization. Meanwhile, growth of this market can be inhibited by high maintenance costs and severe emissions regulations.
Strong demand for fuel efficient excavators, introduction of new products and surging demand for high-efficient hydraulic fluid are amid the most noteworthy trends in the global excavator market.
Due to increasing construction in both commercial and residential sectors and the wide commercial utility of hydraulic excavators, the global demand for hydraulic excavators is predicted to follow an upward trend at a swift pace in the nearest future.
Caterpillar, Hitachi, Komatsu and Terex are amid the dominant excavator market participants.
New report by Koncept Analytics, titled “Global Excavator Market with Focus on Hydraulic Excavator: Industry Analysis & Outlook (2017-2021)”, offers a reader an extensive research and deep analysis of the global market for excavators, laying special emphasis on the hydraulic excavator category. Also, the study provides a granular market segmentation analysis based on a global, regional and country scales. The report highlights the market dynamics, focusing on the key growth drivers, challenges, restraints; contains a review of the current market trends and presents a future outlook for the market up till 2021. It includes the market competitive landscape overview along with comprehensive profiles of the major players in the market.
Other comprehensive research reports drawn up by Koncept Analytics are available at its page at MarketPublishers.com.