- crawler excavator components include a major crawler chassis, rotor support, the central swivel joints, turntables, device weight, panel, cab and air-conditioners.
- Asia Pacific is expected to dominate the crawler excavators market.
- Demand for the crawler excavator is rising significantly due to its higher capacity to carry weights and greater suitability in muddy conditions.
Crawler excavators are utilitarian machines that can dig trenches, lift pipes, load trucks, and handle attachments, such as hydraulic breakers, shears, and grapples. The crawler excavator components include a major crawler chassis, rotor support, the central swivel joints, turntables, device weight, panel, cab and air-conditioners.
The Global Crawler Excavator Market is expected to grow through 2025.
The crawler excavator market is growing rapidly due to the expansion of construction and mining industries. An alternative to the crawler excavator is the wheeled excavator; however, demand for the crawler excavator is rising significantly due to its higher capacity to carry weights and greater suitability in muddy conditions.
Therefore, crawler excavators witness higher demand as compared to wheeled excavators. Moreover, the crawler excavator market is likely to be driven by construction and mining industries, and both industries are expanding significantly. Furthermore, economic expansion of major economies across the globe is boosting investment in infrastructure, which in turn is anticipated to boost the crawler excavator market.
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The Crawler excavator market consists of global and regional players including Volvo Construction Equip., Caterpillar, CNH Industries, Liebherr, Deere & Company, Komatsu, Doosan Bobcat Inc, Sany Group, Hitachi Construction Machinery, Hyundai Construction Company and others.
The Crawler excavator market is bifurcated on the basis of type, application, and region. On the basis of application the Crawler excavator machine market is classified into construction, mining, forestry & agriculture and others. Further, on the basis of type the crawler excavator market is fragmented into standard, short tail, hybrid and super long front.
The Crawler excavator market is segmented by region into North America, Europe, Latin America, Asia-Pacific and Middle East & Africa. Asia Pacific is expected to dominate the crawler excavators market in the fastest period, due to a presence of rapidly expanding economies in the region such as China and India. Moreover, players such as Hitachi Ltd. and Komatsu Corporation are based in Asia Pacific, which is likely to be a major reason for the high share held by the region of the global crawler excavator market.