Global Hydraulic Excavator Market: Trends and Opportunities (2014-2019)
Scope of the Report
The report titled “Global Hydraulic Excavator Market: Trends & Opportunities (2014-2019)” provides an in-depth analysis of the global hydraulic excavator market (including crawler mounted hydraulic excavator) with detailed analysis of market sizing and growth, market share and economic impact of the industry. Detailed analysis of global hydraulic excavator resale and auction market is also presented in this report.
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global hydraulic excavator industry has also been forecasted for the period 2014-2019, taking into consideration the previous growth patterns, the growth drivers and the current and future trends. In addition to global hydraulic excavator market, detailed country/regional analysis of China, Japan, Europe, the US, India, Oceania and Asia is also provided. Further, key players of the hydraulic excavator industry like Caterpillar, Hitachi; Komatsu and Liebherr are also profiled with their financial information and respective business strategies.
Oceania & Asia
Excavators are construction heavy machinery used for excavation or move large and heavy objects. Hydraulic excavators employ the fluid mechanism for efficient working. They are especially used for heavy duty excavation work where superb efficiency is required.Hydraulic excavator is a multipurpose earthmoving machine, which can perform many duties, in the field, such as digging earth, mining, loading, quarrying, etc., apart from other activities like well-digging, material handling. The excavator is the only ""Earthmoving"" machine, capable of working in three dimensions and in all directions.
Large number of excavators used in the industry today makes use of hydraulics as hydraulics can supply great amount of power using minimal resources. All movement and functions of such excavator are accomplished through the use of hydraulic fluid, with hydraulic cylinders and hydraulic motors.
Despite a decline in sales in the years 2012 and 2013, the global hydraulic excavator market is anticipated to grow at a sustained pace. Factors like increasing spending on construction, growing construction equipment market and improving economic conditions will be driving the growth of this market. Like Europe, the hydraulic excavator market in the US experienced steep decline during the recession period because of the depressed construction expenditure in housing market and low investment in the non-residential construction market.