Excavators Market to expand at 4.80% CAGR during the forecast period (2022-2030)
February 22, 2023 ⚊ 1 Min read ⚊ Views 73 ⚊ BLOG
Geographically, the Asia Pacific region is expected to hold the largest share of the excavators market during the forecast period. This can be attributed to the increasing investments in infrastructure development, rising urbanization, and the growing demand for construction equipment in the region.
Key players operating in the global excavators market include Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., Volvo Construction Equipment, Liebherr Group, Terex Corporation, Doosan Infracore Co., Ltd., and JCB. These players are focusing on product innovation and development, strategic partnerships, and mergers and acquisitions to strengthen their market position and expand their customer base.
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Tags: Excavators Market, Excavators Market Trends
