As per a new research report by Maximize Market Research, the global market for Excavators is expected to surpass US $XX billion by the year 2026, from US $XX billion in 2019.
In spite of a huge decline in the sales of Excavators products, during the initial phase of pandemic spread and lockdown restrictions all over the region, the region is observed to pick up a quick pace for registering a CAGR of more than XX%, during the tenure of 2020 – 2026.
Mini/compact type excavators has market value of US$ XX Bn in 2019. This type of excavators are expected register negative growth over upcoming year, due to increasing demand for crawler. Crawlers and mini/compact excavators are popular in northern region, currently crawler has XX% market share and mini/compact has XX% market share in 2019 US market.
The report published by Maximize, along with various market dynamics, which could affect the market growth of Excavators in the region, the Value – Chain analysis, and the PORTER’s analysis for the Excavators market at a global level.
The study is consolidated on the basis of two major segments and further into sub-segments, Product (Crawler, Wheeled, Mini/Compact, Other Product), By Application (Construction, Other) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Lastly, the market research report provides a regional comparison and a complete country – level analysis for the latest trends, along with the major key players (AB Volvo Group, Caterpillar Inc, Cukurova Ziraat, Deere & Company, Hitachi Ltd, Hyundai Construction Equipment Co Ltd, J C Bamford Excavators Ltd, Kobe Steel Ltd, Komatsu Ltd, Takeuchi Mfg. Co Ltd.) in the Excavators market, across the region.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Excavators Market”
https://www.maximizemarketresearch.com/market-report/global-excavators-market/86194/
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