Crawler excavator Market is a machine used in digging trenches, lift pipe, load trucks, and handle attachments, such as hydraulic breakers, shears, and grapples. The crawler excavator includes different components such as crawler chassis, the central swivel joints, rotor support, turntables, the panel, the device weight, cab and air-conditioners. The global crawler excavator market size was valued at USD XX million in 2017 and is expected to grow at a CAGR of XX%, reaching up to USD XX million by 2025.
The global crawler excavator market consists of global and regional players including Volvo Construction Equip., Caterpillar, CNH Industries, Liebherr, Deere & Company, Komatsu, Doosan Bobcat, Inc, Sany Group, Hitachi Construction Machinery, and Hyundai Construction Company among others.
Crawler excavator market by region segmented into North America, Europe, Latin America, Asia-Pacific and Middle East & Africa. Asia Pacific is expected to dominate the crawler excavators market in the fastest period, due to presence of rapidly expanding economies in the region such as China and India. Moreover, players such as Hitachi Ltd. and Komatsu Corporation are based in Asia Pacific, which is likely to be a major reason for the high share held by the region of the global crawler excavator market.
On the Basis of Application:
Forestry & Agriculture
On the Basis of Type:
Super Long Front
On t6he Basis of Region:
Middle East and Africa (MEA)
The Crawler excavator market is bifurcated on the basis of type, application, and region. On the basis of application the Crawler excavator machine market is classified into construction, mining, forestry & agriculture and others. Further, on the basis of type the crawler excavator market is fragmented into standard, short tail, hybrid and super long front.
Due to the rapid expansion of construction and mining industries the crawler excavator market is witnessing an exponential growth. The demand for crawler excavator is tremendously rising owing to its higher capacity to carry weights and greater applicability in muddy conditions. The crawler excavators are therefore witnessing higher demand as compared to its substitute, the wheeled excavators. The growth of the global crawler excavator market is expected to take place at a fast pace due to rapid industrialization globally which is rising the number of construction activities.