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The global excavator market accounted for USD 38.7 billion in 2016 and expected to reach USD 64.7 billion by the end of forecast period i.e. 2016-2024.
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Vision Value Visibility Report Code :AU1005 2016-2024 Global Excavator Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024 99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America +1-646-568-7747 +1-437-886-1181 Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India +44-203-318-6627 +91-120-473-0422, +91-844-785-9968 www.goldsteinresearch.com sales@goldsteinresearch.com Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Sample Request Key Findings • The annual Excavator sales by volume in Africa is expected to witness consistent growth during the time period 2016-2024 at a CGAR of XX%. Increasing construction and mining projected in region is expected to boost the demand for Excavator in the region • As of 2016, the Excavator sales in Africa increased from XXXX Units in 2015 to XXXX units in 2016 showing a growth of XX%. Excavator sales in South Africa reached XXXX units with XX number of construction projects in 2016 • As a result, if seen from the big market point of view, Excavator demand is higher for lifting up the debris and soil using hydraulic power mechanisms. Moreover, rising number of other applications such as landscaping, material handling, construction, demolition and river dredging are boosting the demand for Excavator in African countries • With XXXX units in 2016, backhoe has the highest demand followed by crawlers Excavator s. Large scale projects of railways, energy & mining sector and construction sector in emerging economies are expected to propel the demand for Excavator in Africa region • North Africa is an economically prosperous area, generating one-third of Africa's total GDP. Oil production is high in Libya. North Africa has increased its infrastructure spending by XX% in 2016 as compared to 2015. This led to the sales of Excavator in North Africa reached to XXX units from XXX units in 2015 • Total sales of excavator in Algeria and Egypt reached XXX units in 20116 as compared to XXX units in 2015, worth XX billion, owing to the large scale ongoing projects in the region Total Excavator Shipments in Africa (In Units) East & West Africa South & North Africa XX Million Units 2016 XX Million Units XX Million Units 2024 XX Million Units Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Major Players Presence-Regional Analysis Sample Request Low Penetration High Penetration Medium Penetration Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Excavator Market Size (USD Billion) & Growth Analysis GlobalExcavator Market Size (USD Billion)-2016-2024 Global Excavator Market Y-O-Y Growth (%) Analysis-2016-2024 Sample Source: Goldstein Research Source: Goldstein Research • Global Excavator marketis anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. Moreover, Excavator sales reached from XXXX units in 2015 to XXXX units in 2016 • Excavator market growth rate declined in 2014 by XX%, due to the declining number of construction projects. Moreover, projects those were funded by International Development Finance Institution were decreased in 2016 as compared to 2015 and is expected to impact the growth of global Excavator market. • Uncertain exchange rate, trade policy and political instability emerging economies which are impacting the construction and mining projects growth and eventually hindering the growth of Excavator market. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Market Dynamics Sample Request Growth Drivers Growth Barriers Sample General Trend Low Moderate High Excavator Market Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Excavator Market Size (USD Billion) & Y-O-Y growth (%),2016-2024 Excavator Market Share(%), By Product Type, 2016-2024 Excavator Market Size (USD Billion)-2016-2024 Sample XX% 2024 2016 CAGR: (2016-2024) Source: Goldstein Research Source: Goldstein Research Excavator Market Size (USD Million), By Power Range-2016-2024 Sales of Excavator ( In Units), 2016-2024 Source: Goldstein Research Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Porter’s Five Force Model Sample Request Customer can not easily switch to substitute products. So substitutes are a not a threat to your company. When there are actual and potential substitute products available then segment is unattractive. Profits and prices are effected by substitutes so, there is need to closely monitor price trends. In substitute industries, if competition rises or technology modernizes then prices and profits decline. The Barriers to Entry are significantly high which means that it is difficult for outside companies to enter the industry. New entrant is require to offer the innovative and distinguish service or product in order to make place in the competitive space, only such a player tends to establish its market presence and obtain the necessary clearance from regulatory agencies and obtain the profit. Sample Threat of new entrants Bargaining Power of buyers Bargaining power of suppliers Threat of substitute products • Intensity of competition among the existing competitors in the market. Intensity of rivalry depends on the number of competitors and their capabilities. Industry rivalry is high when: • There are number of small or equal competitors and less when there’s a clear market leader. • Customers have low switching costs • Industry is growing • Exit barriers are high and rivals stay and compete • Fixed cost are high resulting huge production and reduction in prices The power of Buyers is significantly Low and they are not able to negotiate for better pricing. However on the supplier side, the power of Suppliers is high as there are multiple supplier for a particular operations, for companies to compete on price when they do not have any point of differentiation. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
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