Sectors such as construction mining and excavation are undergoing immense scale of automation, which is resulting in increased adoption of crawler excavators in these sectors

Valley Cottage, Jan. 15, 2018 (GLOBE NEWSWIRE) -- Crawler excavators continue to gain popularity across the globe owing to their exceptional features such as high lifting capacity, flexibility and mechanical power. Demand for advanced crawler excavators is increasing at a substantial level in mining and construction activities.  Infrastructural development, industrialization and urbanization which is ongoing in emerging countries situated in region such as Asia Pacific, the Middle East and Latin America is has also provided an impetus to the global crawler excavator market. Future Market Insights (FMI)’s newly published report reveals that the global market for crawler excavator will surpass US$ 180 Mn by 2026-end. Sectors such as construction mining and excavation are undergoing immense scale of automation, which is resulting in increased adoption of crawler excavators in these sectors.

Realising the potentials, many of the market players are actively focusing on further technological innovation and adding cutting-edge features to their product. In order to increase market presence, market players are stepping efforts to improve their product functionality. Crawler excavators are offer greater level of safety and efficiency in construction and mining activities. Moreover, these equipment facilitate faster digging and removal of debris, which is consider as a major factor supporting their adoption. Using crawler excavator, builders, construction companies and mining companies are not only reaching higher efficiency but they can easily manage some of most complex construction tasks. Also, these vehicles can greatly reduce downtime in construction and mining sites. The modern hydraulic crawler excavator have automated and remote control applications, which allow operators to remotely control or manage loading/unloading and digging operations. The factors as such are expected to support the global market for crawler excavator during the forecast period.

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/REP-GB-5160

Additional Highlight from the Report Include:

In terms of revenue, Asia Pacific excluding Japan (APEJ) is expected to dominate the global crawler excavators market in 2018, and the trend is likely to continue throughout the assessment period. APEJ crawler excavators market is set to exhibit a CAGR of 3.2% over the forecast period

On the basis of product type, the short tail segment is expected to remain highly lucrative over 2026. Currently, the segment represents for more than 32% revenue share of the global market and is expected to reach a valuation of US$ 76.4 Mn by the end of forecast period, reflecting a CAGR of 2.6%.

Based on bucket capacity, the medium (2.00-4.00) segment is likely to retain its position over 2026. It terms of revenue, this segment currently commands for more than one-third share of the global market. During the assessment period, the segment is projected to increase at a CAGR of 2.3%.

Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-5160

Based on operating weight, the 22,650-30,200 Kg segment is anticipated to grow reach a valuation in excess of US$ 48.2 Mn in by 2026, expanding at a steady growth rate.

On the basis of end use vertical, the construction segment is expected to hold its dominant position in 2018 and beyond. Currently, the segment represents a market valuation of over US$ 100 Mn and is projected increase at CAGR little under 3% during the forecast period.

View Report Preview at Crawler Excavator Market Segmentation By Product Type - Standard, Hybrid, Short Tail, Super Long; By Bucket Capacity - Small (0.30-2.00), Medium (2.00-4.00), Large (Above 4.00); By End Use - Construction, Mining and Others: https://www.futuremarketinsights.com/reports/crawler-excavator-market

Competitive Landscape

Key players profiled in the report include Hyundai Construction Company, Deere & Company, Volvo Construction Equip., CNH Industries, Liebherr, Caterpillar, Hitachi Construction Machinery, Komatsu, Doosan Bobcat, Inc, and Sany Group.

Browse More: Automotive & Transportation Market Insights

About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Mr. Sudip Saha
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790 
Sales: sales@futuremarketinsights.com