Germany Crawler Excavator Market Assessment Report 2021-2027: Investments by Developed Countries, Favorable Government Policies and FDIs Driving Demand

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Dec 09, 2021, 13:30 ET

DUBLIN, Dec. 9, 2021 /PRNewswire/ -- The "Germany Crawler Excavator Market - Strategic Assessment & Forecast 2021-2027" report has been added to ResearchAndMarkets.com's offering.

Germany excavator market size to reach a volume of 24514 units by 2027, growing at a compound annual growth rate (CAGR) of 4.48% by volume during 2021-2027

Increasing demand for crawler excavators is attributed to investments by developed countries, favorable government policies and FDIs, shifting focus toward domestic manufacturing, and upcoming industrial developments in the mining and construction industries.

Intelligent systems driven by IoT and data analysis for service, networking, and sustainability, the crawler excavator market is transitioning to a more innovative industry. The Germany crawler excavator market is expected to show an incremental growth of 4,781 units, during the forecast period 2021-2027.

GERMANY CRAWLER EXCAVATOR MARKET INSIGHTS

In 2021, the Germany crawler excavator market size was USD 18846 units by revenue. The rise in fuel prices will increase mini the demand growth of mini excavators as they are more fuel-efficient, and manufacturers are coming up with electrically powered compact excavators in the German industry.

The mining industry majorly contributes to the large excavator market in the country. The demand for these excavators will be supported by an increasing preference for new mining projects in the country. Agriculture is one of the largest industries in Germany. The usage of mini and small excavators is estimated to increase in the sector owing to their high fuel efficiency and availability of the latest technology at a low cost.

The high market share is due to government investments in construction projects and the increasing preference from consumers towards lightweight and compact excavators.

KEY HIGHLIGHTS FROM THE REPORT

Several global companies have their manufacturing base for a manufacturing base in Germany, increasing the competition in the market.
Machinery and equipment are some of the technological factors driving Germany as a high-tech nation and combining all key future technologies. Small and medium-sized enterprises dominate the domestic M&E sector.
Ongoing construction and infrastructure projects coupled with the nation's infrastructure development plans related to housing construction are expected to drive the market for 102 hp - 200 hp Crawler.

GERMANY CRAWLER EXCAVATOR MARKET - SEGMENTATION ANALYSIS

Germany mini crawler excavator market is expected to reach USD 787.4 million by 2027, growing at a CAGR of 4.86%.
The construction equipment industry contributes significantly to the growth of the country's GDP, with more than 5% of the annual gross output.

VENDOR LANDSCAPE

Komatsu collaborated with Honda motor to manufacture micro electric excavator powered by Honda mobile power pack batteries for civil Engineering and construction industries to add new eco-friendly products in its portfolio and cater to the rise in demand for eco-friendly products in construction machinery industries.
Volvo Construction Equipment is a global construction equipment company with headquarters in Gothenburg, Sweden. The company has partnered and collaborated with other leading companies to capitalize on the market demand.

Major Vendors

Caterpillar
Komatsu
Hitachi Construction Machinery
Hyundai Construction Equipment
SANY
Volvo Construction Equipment
Doosan Heavy Industries & Construction
Kobelco

Other Prominent Vendors

Sumitomo Heavy Industries
Kubota Corporation
Ingersoll Rand
Liebherr Group
Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
LeeBoy

Key Topics Covered:

Section 1 - Introduction

Market Snapshot
Executive Summary

Section 2 - The Market Overview

Economic Scenario, Germany Opportunities, Equipment Financing Structure, Supply Chain Insight, COVID-19 Impact, COVID-19 Impact Analysis

Section 3- Technological Advances

Technology Adoption by Major Vendors with Examples

Section 4 Market Dynamics

Market Drivers, Restraints, Trends

Section 5 - Germany Crawler Excavator Market (Type & Operating Weight)

Germany Crawler Excavator Market by Excavator Type
Mini Crawler Excavator, Market Size and Forecast, Volume & Value
Small Crawler Excavator, Market Size and Forecast, Volume & Value
Medium Crawler Excavator, Market Size and Forecast, Volume & Value
Large Crawler Excavator, Market Size and Forecast, Volume & Value
Germany Crawler Excavator Market by Application
Crawler Excavator, Construction Market Size and Forecast, Volume & Value
Crawler Excavator, Mining Market Size and Forecast, Volume & Value
Crawler Excavator, Agriculture Market Size and Forecast, Volume & Value
Crawler Excavator, Forestry Market Size and Forecast, Volume & Value
Crawler Excavator, Other Market Size and Forecast, Volume & Value
Germany Crawler Excavator Market by Gross Power
Crawler Excavator Market by Gross Power Output, <_0hp_ />
Crawler Excavator Market by Gross Power Output, 61hp-11hp, Volume
Crawler Excavator Market by Gross Power Output,12hp-200hp, Volume
Crawler Excavator Market by Gross Power Output, >21hp, Volume

Section 6 - Market Landscape

Supply Chain

Section 7 - Competitive Landscape

Company Profile of major Vendors (Komatsu, Hitachi Construction Machinery, Caterpillar, Hyundai Construction Equipment, Doosan, JCB, SANY)
Other Prominent vendors

Section 8 - Report Summary

Key Insights

Section 9 - Appendix

For more information about this report visit https://www.researchandmarkets.com/r/d5wsg4

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SOURCE Research and Markets