The slowdown in global excavator market since last 5 years is set to be reversed with forecasts showing a positive trend of growth with construction industry leading this change along with other multiple factors. The excavator market faced various challenges in form of drop in crude oil prices, Chinese economy impact, certain trade rules as well as macro and micro economic points in recent past. This is set to change for good with APAC and specifically China aiming to boost its construction segment, which in turn is expected to increase demand of excavator market.
Within Asia-Pacific, small but growing economies and their construction equipment market demand will help boost the excavator market growth, though more on the rental side as compared to the sales side. For example, Philippines is expected to have a decent growth in ITES and related sectors as services segment contribute more than half of GDP value. This may result into more demand of real estate space, which in turn needs multiple construction equipments for infrastructure growth directly impacting the regional excavator market in a positive way. Similarly, South Korea in line with international trade rules will not be controlling the excavator market (rental), which was demanded by excavator rental businesses. However, the excavator manufacturing companies and its retailers were opposed to this demand and the government favoured them.
Rising urbanization and government targets of smart infrastructure development is helping the excavator market companies better their product offerings to meet complicated challenges faced by excavators
. Horizontal directional drilling is being used at lot many urban sites having existing underground utilities and expanding further. The vacuum product segment of excavator market is being explored at length on such sites. On the same lines, other excavator product types comprising of hydraulic, mini, crawler, heavy and wheeled excavators have their own benefits under different situations and usage demand.
Majorly utilized for excavation, the modern excavator market products with help of technological advancements and attachments have started offering expanded usage features. An excavator coupler, for example, helps simplify attachment moulding. Similarly, an excavator blade not only helps in levelling but also in filling up a hole with removed material. Loaders and bulldozers are also utilized along with excavators depending on demand of a particular job work or site.
eMarketOrg.com has a very focused study titled Global Hydraulic Excavators Industry 2016 Market Research Report
, which is of 152 pages and supported with 167 data tables and figures. The classification of hydraulic excavator market for the purpose of this research is done into Standard, Swivel, Compact, Without Rear Overhang, Demolition, Multi-Function, Short-Swing and Walking. Companies like Airman Hokuetsu Industries Co., Ltd, Caterpillar Equipment, Caterpillar Global Mining, Guangxi Liugong Machinery Co., Ltd, Hitachi Construction Machinery, Kubota Construction Machinery, Liebherr Excavators, Little Giant Crane & Shovel, Mecalac, Sany Heavy Industry, Sumitomo Construction Machinery Manufacturing Co., Sunward Intelligent Equipment Co., Ltd, Xuzhou Construction Machinery Group and Zoomlion International Trade Co. Ltd are discussed in this excavator market research available at http://emarketorg.com/pro/global-hydraulic-excavators-industry-2016-market-research-report/
. Explore more reports on excavators, excavator attachments and related segments at http://emarketorg.com/product-tag/excavators/