Global Wheeled Excavators Market 2017-2021

Overview of the global wheeled excavators market

Market research analysts at Technavio predict that the global wheeled excavators market will grow steadily at a CAGR of around 2% by 2021. Wheeled excavators are extensively used in construction sites for various construction activities. Owing to extensive investments in building and public infrastructures, the construction industry will witness significant growth in the coming years. Additionally, the coming years will also witness a number of mega infrastructure projects coming up in the developing countries which will again propel the growth of the construction industry. According to this market research analysis, this growth of the construction industry will be one of the primary growth factors for this market.

The emergence of intelligent automation will be one of the key trends that will gain traction in the wheeled excavator market. To make the excavation process quick, reduce maintenance, improve fuel utilization, and improve the effectiveness of systems, numerous vendors have started incorporating machine guidance and control systems as optional packages in their most recent models. Various innovations have been carried out in the machines to improve the efficiency and machine uptime and provide immediate updates. These improvements have increased the on-site security by reducing the number of people required on set when the equipment is being moved since the gadgets and installed systems are capable of identifying the machine's exact location in three dimensions and the location of excavating.

Competitive landscape and key vendors

The market is highly competitive and fragmented due to the presence of several vendors offering differentiated products. The competition among the vendors in this marketspace is further intensifying due to the increasing demand and product innovations. The market players mainly compete based on factors such as product design, product price, product line, and after-sales service rendered. By introducing products that are innovative and have high-performance, the Chinese players pose a stiff competition to the other vendors.

The leading vendors in the market are -

• Caterpillar
• Hitachi Construction Machinery
• Komatsu
• Volvo Construction Equipment
•  Xuzhou Construction Machinery Group

The other prominent vendors in the market are Terex Construction, Liebherr, Deere & Company, SANY, Doosan Infracore, J C Bamford Excavators, KOBELCO CONSTRUCTION MACHINERY, CNH Industrial, Hyundai Heavy Industries, Atlas GmbH, Wacker Neuson, HIDROMEK, Shantui Construction Machinery, Takeuchi Manufacturing, Bobcat, Astec Industries, Gradall, Geismar, Rhino, Menzi Muck, Mecalac, UNAC, Badger Equipment Company, GEHL, and Sennebogen.

Segmentation by end user and analysis of the wheeled excavators market

• Contractors
• Rental providers

Contractors will be the major end-users to the wheeled excavator market throughout the forecast period. Factors such as the increase in construction activities, rapid infrastructure spending, and development in infrastructure or mining activities, will influence the growth of the market in this end-user segment.

Geographical segmentation and analysis of the wheeled excavators market

• Americas
• APAC
• EMEA

This market study predicts that EMEA will be the major revenue contributor to the wheeled excavator market throughout the predicted period. The recovering construction industry in Europe and the large-scale government investments in the infrastructure sector in MEA, will be major factors influencing the demand for construction equipment in this region.

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 wheeled excavators market?
• What are the key market trends impacting the growth of the global wheeled excavators market?
• What are the challenges to market growth?
• Who are the key vendors in the global wheeled excavators market?
• What are the market opportunities and threats faced by the vendors in the global wheeled excavators market?
• 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 wheeled excavators market?

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

Hydraulic excavators are heavy construction equipment which are placed on the top of an undercarriage. This upcoming industry research report is an integral part of the construction portfolio and offers deep insights into sectors like tools and components. Moreover, to enable clients to attain a beneficial edge over other market players, Technavio also provides vast data on the shifting customer preferences and the factors, which will drive and curtail the growth of the vendors in the heavy industry.

To accurately forecast the heavy industry’s growth prospects, our market research specialists follow a triangulated approach of primary and secondary research techniques and also conduct an extensive analysis of various parameters, including technological advancements and the demand for different products and services across the globe. To assist clients in framing new strategies for growth, our upcoming industry research report on the global wheeled excavators market for the forecast period of 2017 to 2021 offers actionable observations derived from the data collected from dependable sources of information such as manufacturers, channel partners, regulatory bodies, and decision makers. Technavio also offers customized reports based on clients’ requests.

This upcoming industry research report on the global wheeled excavators market takes into account the growth of related markets such as nuclear reactor construction, which is expected to grow at a CAGR of above 5% by 2021. The upcoming industry research report for the global wheeled excavators market also identifies the drivers, trends in the future, and the difficulties currently experienced by the heavy industry and also presents insights into unit operations.