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Global Excavator Market Report: 2015 Edition

  • May 2015
  • -
  • Koncept Analytics
  • -
  • 54 pages

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Excavators are heavy machinery used for excavation or moving large and heavy objects. They are extremely useful for the construction and mining industry, and can perform huge tasks. They come in a wide range of sizes and capacities, and heavier the unit, greater the lift capacity will be. Excavators are made up of two components: a driving base and a powerful arm with an attachment designed for digging. The base has two sets of articulating tracks that are attached to the side of the excavator.

The global demand of excavators continued to increase in 2014, due to the large number of infrastructure projects and rapid growth registered by the emerging markets and is expected to increase further in coming years.

The key factors driving the growth of the excavator industry are rapid growth of infrastructure projects, growth in construction expenditure and growing economy. Some of the noteworthy trend and developments of this industry are growth of equipment rental business by contractors and construction companies, electrification of mining machinery, usage of high efficiency hydraulic fluids and the development of new varieties of excavators by various companies through technological advancements. However, the expansion of global excavator industry is hindered by high maintaining cost for hydraulic excavators and strict regulatory compliance imposed on producers.

The report “Global Excavator Market” provides an in-depth analysis of the excavator market along with a detailed study of the Chinese market. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The four major players in the industry, Caterpillar, Komatsu, Hitachi and Kobelco are being profiled.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.

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