Excavator Market Analysis and Demand with Future Forecast to 2026Posted by Preet on September 27th, 2019 Fact.MR recently published a comprehensive study on excavator market, which opines that the excavator market will witness modest 3.2% volume y-o-y in 2019 over 2018. The Fact.MR study finds that the demand for excavator will improve as the heavy construction equipment industry has been recovering from a major slump. Owing to the positive growth of the construction industry, especially in developing countries, excavator market is expected to witness steadily increasing growth in the future. Request for the Report Summary: https://www.factmr.com/report/2459/excavator-market Excavators are commonly used in a wide range of sectors including construction, mining, agriculture, and forestry. However, according to the Fact.MR report, the construction industry is expected to hold the largest volume share – approximately 72% -- by the end of 2019. Manufacturers in the excavator market are focusing on introducing performance features that will suit the requirements of end-users from the construction industry to capitalize on the increasing demand for excavators as a construction equipment. Request for the Sample of the Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=2459 Despite steady demand from construction industry, stringent environmental regulation and high quality standards for conventional excavators continue to create manufacturing challenges for market players. Conventional excavators are subject to guidelines regulating the use and operation of heavy equipment. Manufacturers in the excavator market need to conform to these stringent regulatory requirement, which may add to the production cost, ultimately restricting manufacturers from maintaining competitive prices. Like it? Share it!More by this author |