View Report Details Global Excavator Market Report ----------------------------------------2015
View Report Details Executive Summary Excavators are heavy machinery used for excavation or moving large and heavy objects. They are extremely useful for the construction and mining industry, and can perform huge tasks. They come in a wide range of sizes and capacities, and heavier the unit, greater the lift capacity will be. Excavators are made up of two components: a driving base and a powerful arm with an attachment designed for digging. The base has two sets of articulating tracks that are attached to the side of the excavator. The global demand of excavators continued to increase in 2014, due to the large number of infrastructure projects and rapid growth registered by the emerging markets and is expected to increase further in coming years. The key factors driving the growth of the excavator industry are rapid growth of infrastructure projects, growth in construction expenditure and growing economy. Some of the noteworthy trend and developments of this industry are growth of equipment rental business by contractors and construction companies, electrification of mining machinery, usage of high efficiency hydraulic fluids and the development of new varieties of excavators by various companies through technological advancements. However, the expansion of global excavator industry is hindered by high maintaining cost for hydraulic excavators and strict regulatory compliance imposed on producers. The report “Global Excavator Market� provides an in-depth analysis of the excavator market along with a detailed study of the Chinese market. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The four major players in the industry, Caterpillar, Komatsu, Hitachi and Kobelco are being profiled. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
The key factors driving the growth are equipment rental business, infrastructure projects and growing global economy Global Construction Equipment Sales (2009-2015E) As of 2014, total sales of construction equipment market reached US$... billion, as compared to US$... billion in 2013, showing a decline of….%. The global construction equipment sale is anticipated to reach US$... billion by 2015.
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The global hydraulic excavator market witnessed an increase of …%, from …. units in 2013 to …. units in 2014. The CAGR of global hydraulic excavator market was …% for the period spanning 2007 to 2014.
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Global Hydraulic Excavator Market (2007-2015E)
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North America accounted for…. % of the global construction equipment sales volume during 2014 which is the largest share among all the regions. China accounted for…. %, followed by Europe with…. % share of total sales of construction machinery in 2014.
Global Construction Equipment Market Share by Region (2014)
The key factor driving the growth are equipment rental business, infrastructure projects and growing global economy Global Hydraulic Excavator Market Share by Region (2014)
Global hydraulic excavator market is a tough market with rising competition. In terms of percentage share, in 2014, China was the leader, accounting for …% of the market, followed by Japan and Asia & Oceania with …% and …% share respectively. Europe and North America held …% and …% share, respectively of the total demand. China is one of the largest producer and consumer of excavators. Hydraulic excavator market increased from …. units in 2013 to …. units in 2014, representing an incline of …%. The hydraulic excavator industry is anticipated to reach …. units by 2015. The hydraulic excavator market in Japan is increasing at a fast pace. As of 2014, hydraulic excavator market reached …. units in 2014, as compared to …. units in 2013, representing a growth of …%.
Japan’s Hydraulic Excavator Demand by Units (2010-2015E)
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China’s Hydraulic Excavator Demand by Units (2010-2015E)
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Economic development, growing demand of infrastructure projects and construction expenditure are the key factors that will drive the excavator market…
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Global Excavator Demand Forecast (2014-2018E)
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The demand of excavator is estimated to grow at a compounded annual growth rate of …% from … tons in 2014 to … tons in 2018.
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The economic growth of a country leads to an increase in wealth, thereby contributing in the growth of respective market as the infrastructure strengthens.
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With rising demand of infrastructure project and construction expenditure, excavator market is one of the most benefitted industries on account of the same.
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The future growth would mainly be driven by the strengthening fundamentals in global construction equipment market and global GDP.
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