Global Tracked Excavators Market 2017-2021

This market research study identifies Caterpillar, Komatsu, Hitachi Construction Machinery, Volvo Construction Equipment, and XCMG as the leading players in the global tracked excavators market. A comprehensive analysis of this market is also presented by type (small tracked excavators, medium tracked excavators, and large tracked excavators) and by geography (the Americas, APAC, and EMEA).

Overview of the global tracked excavators market

Research analysis on the global tracked excavators market identifies that the rising government spending on infrastructure will be one of the major factors that will have a positive impact on the growth of the market. The importance of infrastructure development is increasing because it is directly proportional to the economic growth of a nation. This in turn, generates jobs and avails important services such as energy, housing, and clean water supply. This encourages MNCs to set up their establishments in countries with a strong infrastructure. Consequently, the living standards and human development index of a country is also enhanced. The increasing focus on the development of infrastructure will drive the demand for construction equipment, which in turn, will boost the adoption of tracked excavators. Technavio's market research analysts predict that this market will grow at a CAGR of more than 3% by 2021.

The integration of IoT in construction equipment for remote monitoring is one of the key trends that will gain traction in the tracked excavators market. IOT enables the integration of remote monitoring systems with global positioning systems (GPS), will enhance the performance of tracked excavators. Additionally, IoT also helps operators to easily track, steer, brake, accelerate, and avoid collision of excavator machines with obstacles.

Competitive landscape and key vendors

The tracked excavators market is fragmented due to the presence of large international players. These vendors are experiencing maximum demand for excavators from the infrastructure sector. Some of these vendors such as Caterpillar have various product segments such as construction industries, resource industries, and energy and transportation. Few vendors are operating in businesses such as construction and mining equipment, electronics, and other solution-based operations, logistics, industrial machinery, and vehicles.

 Key vendors in this market are -

• Caterpillar
• Komatsu
• Hitachi Construction Machinery
• Volvo Construction Equipment
• XCMG

Other prominent vendors in the market include BEML, J C Bamford Excavators, Deere & Company, Kobelco Construction Machinery, SANY GROUP, Terex, Menzi Muck, CNH Industrial, LARSEN & TOUBRO, Doosan, Hyundai Heavy Industries, LiuGong, KUBOTA, Liebherr, Mecalac, Tata Hitachi Construction Machinery, and Takeuchi.

Segmentation by type and analysis of the tracked excavators market

• Small tracked excavators
• Medium tracked excavators
• Large tracked excavators

Medium tracked excavators are highly preferred over other types of tracked excavators because they have several features with additional attachment options such as augers, buckets, coupler, grappler, rippler, and compactor. This enables constructors to use the medium tracked excavator for multiple functions such as drilling heavy rocks to leveling, digging, and loading. It also benefits project owners because the adoption of a medium tracked excavator eliminates the need for buying multiple equipment for each task, which in turn, reduces the overall cost of projects.

Segmentation by geography and analysis of the tracked excavators market

• Americas
• APAC
• EMEA

In terms of geography, APAC accounted for the majority market share during 2016 due to the rise in infrastructure projects and the growing demand for construction equipment. The number of infrastructure projects is increasing in South and Southeast Asian countries such as China, India, Indonesia, and the Philippines due to the rising number of governmental projects such as the construction of roads, airports, and railway lines.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global tracked excavators market?
• What are the key market trends impacting the growth of the global tracked excavators market?
• What are the challenges to market growth?
• Who are the key vendors in the global tracked excavators market?
• What are the market opportunities and threats faced by the vendors in the global tracked excavators market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global tracked excavators market?

Technavio also offers customization on reports based on specific client requirement.

A tracked excavator is a multi-purpose vehicle used to excavate or move large objects. It is made up of a driving base with four wheels connected by a tank-type-track linked to a knuckle boom arm or triple articulated boom with a bucket attachment designed for excavating. This forthcoming industry research report on the global tracked excavators market offers insights into the key trends and emerging drivers affecting the growth of the heavy industries sector. Our market reports for the heavy industry also follow a comprehensive data collection methodology and offer an analysis of fast growing market segments like construction. 

By considering the market forecast and size and the booming demand for various construction products and services, the market research analysts at Technavio render an exclusive picture of the global tracked excavators market for the years 2017 to 2021. Furthermore, our research practices help clients develop new growth policies and keep pace with the changing market landscape. This market study also provides an extensive analysis of various construction products and services based on the interpretation of the information collected from specific resources such as channel partners and market stakeholders.

This upcoming report on the global tracked excavators market also covers vendors like Caterpillar, Hitachi Construction Machinery, Komatsu, Volvo, Xuzhou Construction Machinery Group, Terex, Liebherr, John Deere, SANY, JCB, and Kobelco. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global tracked excavators market also covers geographies like APAC, Americas, and EMEA.

The upcoming industry research report on the global tracked excavators market also categorizes the key drivers, emerging trends, as well as the restraints that the construction sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the forthcoming events within the heavy industry. Technavio also provides deep-dive market assessments into related sectors such as test and measurement and unit operations.

Our market research methodology for the global tracked excavators market

Technavio also offers clients the option to customize each report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.