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.
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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.
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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.
Segmentation
Region
- North
America
- Latin
America
- Europe
- Japan
- APEJ
- MEA
Product Types
- Standard
- Hybrid
- Short
Tail
- Super
Long Front
Bucket Capacity
- Small
(0.30-2.00)
- Medium(2.00-4.00)
- Large(Above
4.00)
Operating Weight
- 12,500-22,100
Kg
- 22,650-30,200
Kg
- 34,300-45,750
Kg
- 51,000-70,650
Kg
- 78,500-93,300
Kg
- Above
95,900 Kg
End Use Vertical
- Construction
- Mining
- Forestry
& Agriculture
- Others
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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.
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