Dublin, December 21, 2020 (GLOBE NEWSWIRE) – Added to report “Wheel Diggers – Global Market Trajectory & Analytics” ResearchAndMarkets.com’s offering.
The publisher will bring years of research experience to the 8th edition of this report. The 187-page report provides accurate insights into how the pandemic affected production and the purchasing side for 2020 and 2021. Short-term gradual recovery is also addressed with a key geography.
Global wheeled excavators market to reach $ 4.2 billion by 2027
Amid the COVID-19 crisis, the global market for wheel excavators is expected to reach US $ 3.9 Billion in the year 2020, a revised volume of US $ 4.2 Billion by 2027, growing at CAGR of 0.9% over the 2020-2020 study period.
Contractors, one of the sectors examined in the report, are expected to register a CAGR of 1.4% and reach US $ 2.7 Billion by the end of the review period. Following an early study of the industrial impacts of the pandemic and the economic crisis it has caused, growth in the Rental Suppliers sector has been read to a revised 0.1% CAGR for the next 7 years. year.
The US Market is estimated at $ 1.1 Billion, while China is expected to grow at 2.2% CAGR
The U.S. Wheelbarrow market is estimated at $ 1.1 billion in the year 2020. China, the second largest economy in the world, is expected to reach a projected market size of US $ 781.5 Million by the year 2027 slows a CAGR of 2.2% over the analysis period 2020 to 2027. Other geographic markets include Japan and Canada, all expected to grow at -0.2% and 0.6% respectively over the period 2020-2027. Within Europe, Germany is expected to grow at around 0.1% CAGR.
Other End Use Shares for Registration -0.3% CAGR
In the global segment of other end uses, the US, Canada, Japan, China and Europe drive the -0.5% CAGR estimated for this sector. Those regional markets that account for the US unified market size of $ 205.6 Million in the year 2020 will reach a projected size of US $ 198.6 Million by the end of the study period. China will remain among the fastest growing in this group of regional markets. Led by countries such as Australia, India, and South Korea, the US Asia-Pacific market is expected to reach $ 543.2 Million by the year 2027, while Latin America expands at a CAGR of 0.1% during the study period.
Competitors identified in this market include, but are not limited to:
- Atlas Copco AB
- Caterpillar, Inc.
- CNH Business NV
- Corporal Doosan
- Escorts Group
- Hitachi Construction Machinery Co., Ltd.
- Hyundai Heavy Industries Co., Ltd.
- JC Bamford Excavators Ltd.
- John Deere
- Kobe Steel, Earr.
- Komatsu Limited.
- Liebherr-International AG
- Manitou
Key topics covered:
I. INTRODUCTION, METHODOLOGY & RANGE OF REPORT
II. SUMMARY
1. MARKET OVERVIEW
- Global competitive market shares
- World market position of competing wheel excavators worldwide (in%): 2019 & 2025
- Covid-19 impact and global economic downturn
2. A WORD ON SELECT PLANS
3. MARKET RESULTS & DRIVERS
4. GLOBAL MARKET VIEW
III. MARKET ANALYSIS
IV. TABLE
- Total Companies Profile: 46
For more information about this report, visit https://www.researchandmarkets.com/r/kps58t
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