Global Excavator Attachments market will reach 6520 million US$ by the end of 2025
Published Date: 2019/1/2
The excavator attachment industry has developed maturely and highly competitive. There are so many brands, distributed USA, Japan, Korea, EU and China. In USA, Japan and EU, the market demand of excavator attachments are relatively stable in the past five years, narrower fluctuation.
Globally, Caterpillar, Komatsu, Doosan, etc. are the top players. These manufacturers play important roles in global market. In China, the market also dominated by these foreign brands, especially Caterpillar, Komatsu, Doosan etc. These foreign brands entered China market before 2011, and some of them like CAT and Doosan have manufacturing factories in China.
USA, Japan, EU, China and South Korea are the major producers. Additionally, Brazil, India and Southeast Asia also have manufacturing bases to supply excavator attachment, but dominated by the brands from Japan, USA and EU. On the other hand, USA, Japan, EU and China are the major consumers, occupy for over 70% of share. In the future, the emerging market will drive the market demand, especially in India, Southeast Asia, South America, Russia, Africa and Middle East Countries. The infrastructure of these regions need further to be developed, with huge potential.
In the future, the market will be more competitive and the market concentration will be higher, more manufacturers will expand through merger and acquisition, and the small manufacturers will be gradually sifted out.
The global Excavator Attachments market is valued at 4450 million US$ in 2017 and will reach 6520 million US$ by the end of 2025, growing at a CAGR of 4.9% during 2018-2025.
Click to view the full report: https://www.qyresearch.com/index/detail/384777/global-excavator-attachments-sales-market
Marketing: sales@qyresearchglobal.com
Media Contact: press@qyresearch.com
评论
发表评论