The crawler excavators market size is expected to grow by USD 9.96 billion and record a CAGR of 6% during 2020-2025.
This post-pandemic crawler excavators market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this crawler excavators market analysis report, key drivers such as increasing automation in the construction industry have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as increasing demand for wheel excavators in the Middle East, which will impede the market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.
What will the Crawler Excavators Market Size be in 2021?
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Who are the Key Vendors in the Crawler Excavators Market?
The crawler excavators market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:
CNH Industrial NV
Deere & Co.
Hyundai Heavy Industries Co. Ltd.
J C Bamford Excavators Ltd.
Our analysts have extensively outlined successful business strategies deployed by the key vendors in this market research report. The crawler excavators market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
This crawler excavators market report further entails segmentations by application (construction, mining, agriculture, forestry, and others) and geography (APAC, Europe, North America, MEA, and South America). The available actionable insights on the segmentations, in this report, will enable a better understanding of the target audience and changing demand patterns.
To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. The crawler excavators market further offers well-structured marketing strategies to overcome the negative post-COVID-19 impact, if any, on each product and service segment.
The report offers an up-to-date analysis of the geographical composition of the market. APAC will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. The development of hybrid excavators will significantly influence crawler excavators market growth in this region. From the statistical study of the geographic landscape, you can interpret and understand the competitive intelligence and regional opportunities in store for vendors for 2021-2025.
61% of the market’s growth will originate from APAC during the forecast period. China, the US, Japan, India, and the UK are the key markets for crawler excavators market in the region. This report provides estimations of the contribution of all regions to the growth of the crawler excavators market size.
Crawler Excavators Market Scope
Growth momentum & CAGR
Decelerate at a CAGR of 6%
Market growth 2021-2025
$ 9.96 billion
YoY growth (%)
APAC, Europe, North America, MEA, and South America
Performing market contribution
APAC at 61%
Key consumer countries
China, US, Japan, India, and UK
Leading companies, competitive strategies, consumer engagement scope
Caterpillar Inc., CNH Industrial NV, Deere & Co., Doosan Corp., Hitachi Ltd., Komatsu Ltd., Hyundai Heavy Industries Co. Ltd., J C Bamford Excavators Ltd., Liebherr-International AG, and Terex Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Caterpillar Inc., CNH Industrial NV, Deere & Co., Doosan Corp., Hitachi Ltd., Hyundai Heavy Industries Co. Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr-International AG, Terex Corp. are a few of the key vendors in the crawler excavators market.