The new report, “Growth Opportunities in the Excavators and Loaders Industry, 2024-2030,” is now available on ResearchAndMarkets.com. It forecasts that excavator and loader sales in the US and Europe will grow at steady rates of 1.5% and 2.1% CAGR, respectively, through 2030. In contrast, India and China are expected to experience stronger growth, with CAGRs of 6.8% and 5.7%, respectively, due to urban development and infrastructure projects.
Excavators and loaders play a crucial role in infrastructure projects, construction, and mining. The industry, valued at $55.68 billion in 2023, is projected to grow at a 5.2% CAGR, reaching $79.48 billion by 2030. Key drivers include infrastructure development, urbanization, and advances in sustainability.
The industry is highly competitive, featuring major players such as Caterpillar, John Deere, Hitachi, Hyundai, and others. The trend is shifting towards more sustainable and efficient machinery, with innovations in electrification and autonomous technologies driving this change.
Future developments are expected in electric equipment, smart features like fleet management, 5G integration, and business model transformations including equipment-as-a-service. High-tech advancements and the push for electric machinery are anticipated to fuel industry growth.
Key Topics Covered:
- Transformation in the Excavators and Loaders Industry
- Strategic Imperatives and their Impact
- Global Economic Environment and Regional Analysis
- Competitive Landscape and Key Players
- Growth Metrics and Forecasts
- Innovations in Electric and Smart Machinery
- Business Model and Financing Trends
- Best Practices and Opportunities
For more information, visit ResearchAndMarkets.com.
