Technavio
has announced the top five leading vendors in their recent global
wheeled excavators market report until 2021. This
research report also lists 25 other prominent vendors that are expected
to impact the market during the forecast period.
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Technavio has published a new report on the global wheeled excavators market from 2017-2021. (Graphic: Business Wire)
The research study by Technavio on the global
wheeled excavators market for 2017-2021 provides a detailed
industry analysis based on the end-users (contractors and rental
providers) and geography (EMEA, APAC, and the Americas).
“The global wheeled excavators market is projected to grow to USD
4,210 million by 2021, at a CAGR of nearly 2% over the forecast period.
The booming construction of pipelines to provide essential services such
as gas, water, and sewage is boosting the market growth,” says
Likhitha Bandla, a lead analyst at Technavio for construction
research.
Competitive vendor landscape
The global wheeled excavators market is highly competitive with the
presence of several fragmented vendors offering various models based on
operating weight and engine rated power within the mini excavator
segment. The demand for wheeled excavators is increasing at a steady
pace because of the rising urban infrastructure development and growth
in the residential and non-residential construction sectors. This is
also increasing the competition among vendors operating in this segment.
The accelerated growth of the construction market in China has led to
the growth of new manufacturers in the excavator market. Riding on the
construction boom and beneficial policies from China, these
manufacturers have become global giants. The primary competitive factors
among the market vendors are related to product design (telescopic boom,
knuckle boom, mono boom), product price, product line (in terms of
attachments and size of the equipment), bucket and stick forces, digging
and dumping height and after-sales service rendered by the manufacturers.
This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing
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Top five vendors in the global wheeled excavators market
Caterpillar
Caterpillar manufactures and sells mining and construction equipment,
natural gas and diesel engines, industrial gas turbines, and
diesel-electric locomotives worldwide. Its financial products offer
retail and wholesale financing mainly for Caterpillar equipment,
machinery, and engines.
Hitachi Construction Machinery
Hitachi Construction Machinery designs, manufactures, and markets
construction equipment, transportation equipment, and other machines and
services. The company manufactures and supplies a range of excavators.
The product line includes excavators such as mini and midi excavators,
large excavators, loading shovels, wheeled excavators, and on barge
excavators.
Komatsu
Komatsu designs, manufactures, markets, and sells a broad range of
construction and mining equipment. The company provides its products and
services through the construction, mining, and utility equipment segment
and the industrial machinery and others segment.
Volvo Construction Equipment
Volvo Construction Equipment develops, manufactures, and markets
equipment for construction and related industries under the brands
Volvo, SDLG, and Terex Trucks. The company offers a wide range of
excavators, backhoe loaders, skid steer loaders, and wheel loaders.
Xuzhou Construction Machinery Group
Xuzhou Construction Machinery Group (XCMG) was established in 1989. From
inception, XCMG has remained on the front line of the Chinese
construction machinery industry and evolved into one of the largest,
most influential, and aggressive enterprise.
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