Global Crawler Excavator Market Outlook 2018-2023

Global Crawler Excavator Market is predicted to grow considerably in the future due to their excellent features like mechanical power, flexibility, and high lifting capacity. Crawler excavator is the vehicle specially designed to grade and dig, move earth or bulky objects loading trucks, handle attachments, lift pipes, etc. The different types of crawler excavators are long reach/long arm, dragline, backhoe, power shovels, suction excavators, and crawlers and compact excavators. From among these type, crawler excavators are the commonly used tools in construction activities.

The growth of market is influenced by growing integration of automation in the domain, increasing emphasis on improving the speed and payload size for meeting the growing requirements. Additionally, growing number of technological advancements in the domain is also driving the market growth. However, high investment and installation cost of the crawlers in mining and small-scale construction activities is expected to hamper the growth of crawler excavator market. Moreover, significant cost for maintenance of crawler excavators is hindering the market.

Manufacturers are increasingly focusing on the technological advancements and integration of recent technology in the crawlers and focus on self-managed and driverless vehicles is trending in the market.

Crawler excavator market is categorized on the basis of gross power output, weight of vehicle, application, and geography. On the basis of gross power output, market is divided into less than 201 HP, 201- 400 HP, more than 400 HP. 202-400 HP segment is anticipated to lead the market owing to the faster applications rate in mining and construction industries.

Based on the weight of vehicle, the market is bifurcated into less than 6 tons, 6 tons to 40 tons, and more than 40 tons. 6 to 40 tons segment is expected to hold larger market share owing to the high preference for applications in construction segment. Vehicles with more than 40 tons weight are highly preferred for mining applications.

In terms of application, crawler excavator market is divided into construction, mining, agriculture, and others. Construction segment is expected to hold maximum share of the market in the forecast period due to growing construction industry in the emerging economies like China and India and the presence of some prominent players like Komatsu Corporation and Hitachi Ltd. in the region.

Geographically, market is divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is anticipated to dominate the market owing to speedy expansion of developing economies and rapid industrialization in economies like India and China. North America and Europe are also expected to contribute significantly to the market in the future.

The top players in crawler excavator market are Deere & Company, Hitachi Construction Machinery, Caterpillar, Hyundai Construction Company, Komatsu, Volvo Construction Equip., Doosan Bobcat, Inc, Sany Group, CNH Industries, and Liebherr. 

Global Market for crawler excavator to 2023 offers detailed coverage of crawler excavator industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading crawler excavator producers to provide exhaustive coverage of the crawler excavator.

Report contents include
- Analysis of the crawler excavator market including revenues, future growth, market outlook
- Historical data and forecast
- Regional analysis including growth estimates
- Analyzes the end user markets including growth estimates.
- Profiles on crawler excavator including products, sales/revenues, and market position
- Market structure, market drivers and restraints.

Key regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
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