Global Wheeled Excavator Market to Witness Increasing Demand Due to the Spurring Rise in Construction Industries| Global Trends, Business Overview, Challenges, Opportunities and Forecast to 2022

 

Global wheeled excavator market is garnering significant traction. This market growth attributes to the burgeoning construction industry worldwide. Building and construction industries are witnessing a spurting demand for smart commercial and residential buildings. Besides, heavy investments in infrastructure development projects across the globe drive the growth of the market.

Moreover, increasing smart city projects escalate market growth exponentially.  According to Market Research Future (MRFR), the global wheeled excavator market is poised to witness significant growth during the assessment period (2016 – 2022). Technological innovations in wheeled excavators allow construction industries to experience a promising fortune, reducing labor and time.

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Industry players strategically try to expand their product portfolio, manufacturing capabilities, and customer touchpoints in the biggest construction equipment markets and the fastest-growing economies globally, such as India. Additionally, rising uses of construction equipments in large-scale industrial construction projects help the market grow further.

The industrial, construction and rail industries are looking for a trusted provider to unlock the power of industrial IoT and provide better products, solutions, and safety. The increase in investment in construction and mining sectors across various countries propel the growth of the market. Furthermore, the rising adoption of wheeled excavators in road construction activities would foster the growth of the market. 

Also, the fastest growth in the construction industry and growing needs of megacities & smart cities in developing nations impact the market growth positively. On the other hand, significant costs associated with the purchase and maintenance of wheeled excavator is a major factor projected to obstruct market growth. Nevertheless, the increasing power projects and dams & canals construction activities would support market growth throughout the assessment period.

 

Global Wheeled Excavator Market – Segmentation

The report is segmented into three dynamics;

By Type      : Mini Excavator, Heavy Excavator, and Large Excavator.

By Application: Infrastructure, Public utilities, Mining & Oil well, and others

By Regions            : Europe, Americas, Asia Pacific, and Rest-of-the-World

 

Global Wheeled Excavator Market – Regional Analysis

The Asia Pacific region leads the global wheeled excavator market. This growth attributes to the burgeoning construction industries across the region. Besides, the rising power projects and dams & canals construction activities drive the regional market's growth. India and China are the markets for wheeled excavators, contributing to the regional market growth exponentially.

Recent technological developments and the growing residential and non-residential construction activities led by the growing population and businesses boost the regional market growth. Moreover, the increase in industrialization and urbanization led by the rapid economic growth in this region influence the growth of the APAC excavator market.

North America stands second in the global wheeled excavator market. The market is propelled by the augmenting adoption of heavy construction equipments & vehicles for residential, industrial, and infrastructural construction projects. Additionally, the rising population and high per capita disposable income are key driving forces behind the regional market growth.

The increasing demand for construction activities from the urban areas fosters the uptake of wheeled excavators in the region. The trend of commercial & residential structure developments boosts market growth in the region. The US accounts for a major share in the regional market, showcasing a range of high-performance wheeled excavators.

Europe stands second in the global wheeled excavator market. Factors such as rapidly growing construction activities and infrastructure upgrade projects foster market demand. Furthermore, the increasing repair activities in existing infrastructures augment the demand in the regional market. Germany and the UK hold substantial market demand, heading with the continuously increasing construction values in the public and private sectors.

 

Wheeled Excavator Market – Competitive Analysis

Highly competitive, the wheeled excavator market appears to be fragmented due to the presence of several well-established players. These players incorporate strategic initiatives like acquisition, partnership, collaboration, expansion, and technology launch to gain a competitive advantage in the market. Industry players invest heavily in R&D to develop adept technologies on a different level than their competition.

Major Players:

Players leading the global wheeled excavator market include Hitachi Construction Machinery Co. Ltd.( Japan), Caterpillar

Inc.(US), J C Bamford Excavators Ltd.(UK), Guangxi LiuGong Machinery Co. Ltd.(China), Komatsu Ltd.(Japan), Sany Group Co. Ltd.(China), and Volvo Construction Equipment ( Belgium), among others.

Industry/Innovation/Related News: 

November 24, 2020 ---- Volvo Construction Equipment (Volvo CE) introduced its first electric prototype in the mid-size excavator range with a rear video screen At Bauma China 2020. The new excavator range comes with low noise, zero exhaust emissions, and reduced maintenance.

The 14t EX03 electric wheeled excavator concept comes with innovative safety features, representing the future for safer and more environmentally friendly responsible construction sites on the larger end of the scale. The new electric wheeled excavator prototype aims to deliver higher efficiency, zero emissions, lower noise levels, and reduced overall ownership cost compared to its conventional counterparts

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Key Questions Addressed by the Report

  • What was the historic market size?
  • Which segmentation (Product/ Capacity) is driving market?
  • What will be the growth rate?
  • How are the key players in this market?
  • What are the strategies adopted by key players?

TABLE OF CONTENTS

 

1 EXECUTIVE SUMMARY

 

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

 

3 MARKET LANDSCAPE

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

 

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
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