Enjoy complimentary customisation on priority with our Enterprise License!
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.
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 -
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.
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.
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.
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.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Market segmentation by geography
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.