Germany Crawler Excavator Market - Strategic Assessment & Forecast 2021-2027

GERMANY CRAWLER EXCAVATOR MARKET INSIGHTS 

• 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.

GERMANY CRAWLER EXCAVATOR MARKET – SEGMENTATION ANALYSIS

• The construction equipment industry contributes significantly to the growth of the country’s GDP, with more than 5% of the annual gross output. 
• >201 hp demand is majorly driven by construction and mining activities which are expected to grow over the forecast period. This growth will primarily be driven by large infrastructure projects proposed by the government with respect to infrastructure development in the country and large construction projects from the private sector.

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.

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.
• Kobelco construction machinery continues to strengthen dealer networks in Europe by the expansion of operation in Italy. The demand for mini excavator and heavy machinery is growing in across European countries.
• Hyundai specialized in construction equipment manufacturing that covers the construction equipment and material handlings such as excavators, wheel loaders, backhoe loaders, forklifts, and skid lords.

TARGET AUDIENCE:

• Top-level management personnel of existing operators/vendors
• Potential new entrants to the market
• Consultants/consultancies/advisory firms
• Professional landscaping service providers/contractors
• Corporate and governments bodies

WHY SHOULD YOU BUY THIS REPORT?

This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of-

        Volume (Unit sales)

• Excavator Type and Operating Weight
• Application
• Gross Power Output

        Value (USD)

• Excavator Type and Operating Weight
• Application
• Gross Power Output

• Gain competitive intelligence about the economic scenario, advantages in Germany, major projects and investments, market dynamics, and market share
• Examples of latest technologies
• Get presentation-ready format and easy-to-interpret data.
• Enable decision-makers to make informed and profitable choices
• Gain expert quantitative and qualitative analysis on value/volume growth projections of the Germany crawler excavator market share
• Complete supply chain analysis
• Get COVID-19 impact analysis of the market.
• Company Profile of 14 significant vendors

KEY VENDORS

Key Vendors: Caterpillar, Komatsu, Hitachi Construction Machinery, Hyundai Construction Equipment, SANY, Volvo Construction Equipment, Doosan Heavy Industries & Construction, and Kobelco

Other Prominent Vendors: Sumitomo Heavy Industries, Kubota Corporation, Ingersoll Rand, Liebherr Group, XCMG, and LeeBoy