Excavator Attachments Market Growth Drivers, Statistics, Trends, Key players & Demand Analysis by Product Type(Augers, Buckets, Compactors, Couplers, Grapplers, Hammers, Multi-Processors, Rakes, Rippers, Thumbs), by End Users & by Geography for Forecast Period 2016-2024

Market Overview

The global excavator attachment industry is going through a significant growth phase, offering immense opportunities for players involved in the business. Growing impulse to develop infrastructure in the developing countries is leading to exceptional growth in the construction equipment industry in around the world which includes the excavator attachments market within it. Further, with infrastructure investment in road construction, housing projects and mining sector set to go up, there will be sound rise in the demand for excavators and related attachments. Moreover, the competitive advantage of construction equipment lies on technological advancement and a wide product portfolio. It’s also important to maintain strong relationships with the large and organized buyers to maintain the string market presence.

Goldstein Research analyst forecast the global excavator attachments market to expand at a CAGR of 7.4% during the forecast period 2016-2024. The demand for excavator in various industries around the world reached USD 39.2 billion in 2016 and likely to expand at a CAGR of 6.7% during forecast period, owing to which growth of excavator attachments market is anticipated to grow significantly during forecast period. 

Excavator attachments Market Segmentation

By Product Type                                                                                                                                  

• Augers
• Buckets
• Compactors
• Couplers
• Grapplers
• Hammers
• Multi-Processors
• Rakes
• Rippers
• Thumbs

By End Users

• Agriculture
• Construction and Utilities
• Landscaping
• Mining
• Snow and Ice
• Waste and Recycling

By Geography

• North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}
• Rest of the World{Market Share (%), Market Size (USD Billion))}

Revenue Share by End-user and by Region

Based on end users, construction and utilities industry accounted for the largest revenue of 40% in global excavator attachments market in 2016. Moreover, mining sector is the most lucrative segment which is likely to provide immense opportunity owing to demand for advanced excavator attachments and for varied mining applications.

Geographically, Asia Pacific region accounted for the largest market share of 32% revenue in global excavator attachments market. North America is closely followed by the Asia
pacific region, which occupied about 28% of the market share. Asia Pacific region is the fastest growing market for excavators owing to rapid urbanization and rising construction activities, which provides immense potential for the excavator attachments market growth.

Trends, Drivers & Challenges to Market Growth

According to our global excavator attachments market study on the basis of extensive primary and secondary research, one major trend in the market is government initiatives to impel urbanization. Focus of government in developing countries on infrastructure development is the one of the key drivers for the construction equipment industry and related industries. Policies that encourage manufacturing activity also have a positive impact on the excavator attachments market.

According to the report, major driver in global excavator attachments market is growing investments in infrastructure projects and construction activities such as mining have led to a surge in demand for excavator, and are expected to drive the global excavator attachment market.

Further, the report states that one challenge in global excavator attachments market is declining construction activities in some regions such as Russia and Western Europe has resulted in declined sales of excavators, which is anticipated to impact the growth of excavator attachment market growth.

Covered in this global excavator attachments market report

The report covers the present ground scenario and the future growth prospects of the excavator attachments market for 2016-2024 along with the total revenue of excavator attachments industry in every region. We calculated the market size and revenue share on the basis of revenue generated per segment, regional and country level. The revenue forecast is given on the basis of number of excavator attachments manufacturers and current growth rate of the market.

Excavator Attachments Market Report has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global excavator attachments market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global excavator attachments market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Key Market Players

Our global excavator attachments market report comprises of the following companies as the key players in the global excavator attachments market.

• Caterpillar Inc.
•  Komatsu Ltd.
•  Volvo Construction Equipment
• Doosan Group
•  Hitachi Construction Machinery
• Atlas Copco
•  JCB Materials Handling
•  Bobcat
• John Deere.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this market study

• What is the total market size by 2024 and what would be the expected growth rate of sales?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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