About Crawler Excavators
A crawler excavator is a tracked vehicle designed to dig and large objects and is classified by its mode of locomotion. Crawler excavator market has high growth prospects owing to increasing applications in the mining and construction industry. Further, increasing demand from the developing economies owing to growth in the construction and mining industry expected to drive the demand for crawler excavator market over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading global players are focusing on strategic partnerships to improve their products. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings. Analyst at AMA Research estimates that United States, Japan Manufacturers will contribute the maximum growth to Global Crawler Excavators market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Caterpillar (United States), Deere and Company (United States), Volvo AB (Sweden), Komatsu Corporation (Japan), CNH Industrial N.V. (United Kingdom), SANY Group (China) and JCB (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Liebherr (Switzerland) and Hitachi Ltd. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Crawler Excavators market by Type (Mini Crawler Excavators and Heavy Crawler Excavators), Application (Boring, Ripping, Crushing, Cutting and Lifting) and Region.
On the basis of geography, the market of Crawler Excavators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. Construction will boost the Crawler Excavators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement in the Crawler Excavators
Market Growth Drivers:
Increasing Demand for Crawler Excavators from the Construction Industry and Growth in the Construction Industry in Developing Countries
Challenges:
High Maintenance of Crawler Excavators and Availability of Substitute Products Such As Wheeled Excavator
Restraints:
High Cost of Crawler Excavators and Lack of Skilled Labor Force
Opportunities:
Rising Demand of Crawler Excavators for Mining Applications and Increasing Demand from the Developing Economies
Market Leaders and their expansionary development strategies
In March 2024, JCB has expanded its popular X Series range of tracked excavators with the unveiled of the biggest and most powerful model yet – the new 370X. The heavy-duty earthmover will bring its industry leading levels of productivity, durability, and reliability to the 35-40 tonne sector.The machine was designed from the ground up with proven X-Series DNA built in, has an ability to move 4.5 tonnes more material per litre of fuel than competitive models, offers a stage V/T4F 240kW (322hp) diesel engine delivering 14% more power, and within the cab boasts a new JCB UX user interface, with 10in colour touchscreen display and controls.
In April 2021, Liebherr has released of its zero-emissions R 976-E and R 980 SME-E electric crawler excavators which replace the ER 974 B for mine and quarry extraction. The company designed and produced the both the machines and their electric power systems, ensuring they would meet the specific needs of end-use customers.
Key Target Audience
Manufacturers of Crawler Excavators, Suppliers of Crawler Excavators, Traders, Distributors, and Dealers of Crawler Excavators, Industry Associations, Research and Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.