Global demand for crawler excavator is expected to remain influenced by the growth of mining, excavation, and construction sectors. Over the years, usage of crawler excavators has increased to a significant extent in this sectors. This is primarily owing to their superior functionality and efficiency as compared to the conventional systems. XploreMR (XMR) projects that the global crawler excavator market will exhibit a CAGR of 2.7% during the assessment period (2017-2026).
Crawler excavators are becoming increasingly popular in construction and mining sites. They allow faster and safer removal of debris. With the help of crawler excavator, digging procedures have become much simpler and easier.
Moreover, the arrival of more technologically advanced crawler excavators is also driving their adoption across sectors. Some of the latest crawler excavators have a wider application range. Effective use of the equipment also greatly increase reliability and efficiency of construction activities.
Increased automation coupled with rapid adoption of next-gen construction technology is expected to reflect favourably on the global crawler excavators market. Manufacturers are also considering concepts such as driverless and self-managed vehicles. At the same time, emphasis is also being placed on improving speed and payloads capacity to meet the fast-evolving industry requirements.
Crawler Excavator Market: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2026)Buy Now
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