-- Market Synopsis of Wheeled excavator Market:
The Global Wheeled Excavator Market Size was valued at around USD XX Billion in 2015 and is expected to cross USD XX Billion at CAGR of XX% by 2022.
An excavator is an extremely useful equipment for the construction industry and can perform gigantic tasks, that are not possible with human effort and has also increased the speed of work. The demand for excavators is driven by the increase in investment in the construction and mining sectors across various countries. Fastest growth in construction industry, growing needs of ‘megacities’ and ‘smart cities’ in developing nations are some of the factors which booms the market for wheeled Excavator. Moreover, advancements in technologies such as air to water intercooler engine which delivers higher output are expected for the growth of wheeled excavator market. Moreover, Features such as unique ride control, dedicated swing pump, load-sensing hydraulics, work-toll versatility and hydraulically driven cooling fan are boosting the growth of the market.
Wheeled Excavators not being suitable for hilly areas due to the low grip of the ground and the high maintenance cost are some of the factors that act as a barrier for the growth of Global Wheeled Excavator Market.
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Excavator is an equipment used to discharge and excavate with the help of a digging bucket. Wheeled excavators run on wheels and are used for excavation and loading of dump trucks and are mostly used for plain ground operations. They are multipurpose heavy construction machines used for activities such as trench digging, well sinking, and land leveling. This equipment helps to improve efficiency and productivity by reducing the operating cost. Moreover, large-scale projects in the railways, oil & gas and construction sectors, in developing economies has led to the market growth.
The report has analyzed the market based on the three segments, namely Type, Application and End-use in the regions of North America, Europe, APAC and Rest of the World. On the basis of types the market is segmented as mini excavators, heavy excavators, and large excavators. The wheeled excavator is able to perform most of the work that a crawler excavator will do, i.e. drive from site to site, which is one of the factors driving the growth of the wheeled excavators market. On the basis of applications, it has been segmented as infrastructure, public utilities, mining & oil well and others. The mining segment accounted for the largest market share. The Global Wheeled Excavator Market is expected to cross USD XX Billion by the end of the forecast period and is expected to grow at CAGR of approximately XX % from 2016 to 2022.
Key Players:
The key players of Global Wheeled Excavator Market are Caterpillar Inc.(U.S.), Hitachi Construction Machinery Co. Ltd.( Japan), J C Bamford Excavators Ltd.(UK), Komatsu Ltd.(Japan ), Guangxi LiuGong Machinery Co. Ltd.(China ), Sany Group Co. Ltd.(China), and Volvo Construction Equipment ( Belgium).
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Regional Analysis of Global Wheeled Excavator Market:
Asia pacific is expected to show a promising growth within the forecasted period. The Wheeled Excavator shows growth in developing nations such as china, India owing to factors such as investments for infrastructure development, globalization, and urbanization. The biggest market for Wheeled Market is China and India due to construction industry and infrastructural development. Developed nations like North America are expected to witness steady growth over the course of the forecast period mainly due to the saturated construction industry in these regions.
Key Points from Table of Contents:
7. Competition Analysis
7.1 Introduction
7.2 Competitive Scenario
7.2.1 Market Share Analysis
7.2.2 Market Development Analysis
7.2.3 Product/Service Benchmarking
7.3 Caterpillar Inc.
7.3.1 Overview
7.3.2 Product/Service Offering
7.3.3 Strategy
7.4 Hitachi Construction Machinery Co. Ltd.
7.4.1 Overview
7.4.2 Product/Service Offering
7.4.3 Strategy
7.5 JCB Construction Machinery.
7.5.1 Overview
7.5.2 Product/Service offering
7.5.3 Strategy
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