Global Excavator Market with Focus on Hydraulic Excavator : Industry Analysis & Outlook ( 2017-2021 ) Construction equipments include all equipments required in any construction work . Global construction equipment market outlook remained negative in the past few years resulting from the lower demand in North America and Europe regions . However , the market is expected to grow in future supported by increased infrastructure investments in North America & Asia regions .
Global Excavator Market with Focus on Hydraulic Excavator : Industry Analysis & Outlook ( 2017-2021 ) Construction equipments include all equipments required in any construction work . Global construction equipment market outlook remained negative in the past few years resulting from the lower demand in North America and Europe regions . However , the market is expected to grow in future supported by increased infrastructure investments in North America & Asia regions .
Excavator market is one of the major segments of construction equipment market . Excavators are used in moving and digging large and heavy objects . A huge range of excavators is available in the market with different sizes and functions . Excavators are generally categorized into two types ; crawler excavator and wheeler excavator . Crawler excavator runs on two infinite tracks and used in hilly areas whereas , wheeler excavator runs on wheels and used on plain grounds .
The global excavators market is expected to grow in future due to increasing urbanization , rising construction expenditure and increased global GDP . Key trends of this market include high demand in fuel efficient excavator , launch of new products , rising demand in high efficient hydraulic fluid . However , there are some factors which can hinder the market growth including stringent emission norms and high maintenance of hydraulic excavators .
The hydraulic excavator is most commonly used for digging rocks and soil , but with its many attachments it can also be used for cutting steel , breaking concrete , drilling holes in the earth , laying gravel onto the road prior to paving , crushing rocks , steel , and concrete , and mowing landscapes . The demand for hydraulic excavators is likely to increase in the coming years as a result of rising construction in commercial as well as residential sectors globally .
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