Wheeled Excavator Market to Note Massive Growth from 2021 to 2022

Top Drivers and Main Barriers

Wheeled excavators find widespread use in heavy construction activities, wherein they help excavate the soil. The wheeled excavator’s effectiveness is dependent on the total time taken load the fitted bucket from the original point, sent back to the machine, and then dug in again. Wheeled excavators come in various sizes with respect to the bucket size, boom length, operational speed, and arm length. A variety of wheeled excavator types are crawler, wheeled, dragline, suction, and others.

Sizeable investments are being made in infrastructural and commercial activities, which has ramped up the demand for the global wheeled excavators market as wheeled excavators facilitate easy mobility in construction sites. Increasing urbanization combined with the surge in road constructions also boosts the market growth. Given the benefit of high load lifting capacity on account of their stable stabilizers, the market for wheeled excavators can note substantial growth in the ensuing years.

Further, strict regulations with regard to emission control have encouraged the use of environment-friendly machines, which gives rise to a host of lucrative opportunities for the wheeled excavators market to grow. With that said, high maintenance costs can be a major roadblock in the market growth during the review period.

Market Segmentation

The market for wheeled excavator has been divided with regard to types and application.

Types of wheeled excavators mentioned in the report are large excavator, mini-excavator and heavy excavators.

Applications of wheeled excavators are in public utilities, infrastructure, mining & oil well, and others. Rapid expansion of smart cities along with the surge in urban areas in developing countries can boost the growth of the infrastructure segment at a significant rate during the appraisal period.

Regional Insight

Regions with high concentration of the global wheeled excavator market are Europe, North America, Asia Pacific (APAC), combined with the Rest of the World (RoW).

APAC has risen as the top-performing market for wheeled excavator, in terms of size and share. The region is made of several emerging economies that comprise a thriving construction sector, owing to the sizeable investments being made in smart cities. Expansion of urban areas also positively impacts the wheeled excavator market in the region. The region houses a large number of renowned companies, which pushes the market growth to some extent. India, Japan, and China are the top markets for wheeled excavators in the region.

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The growth noted in North America is being fueled by the high investments made for infrastructure development coupled with the high level of industrialization. Construction of roads and infrastructure is expected to surge in the coming years, mainly in countries like the United States (U.S.) and Canada.

A number of European countries face issues associated with environmental regulations that are imposed by the government in the construction sector. Most of the manufacturers that export machines to Europe are also facing these challenges. This has led to a slowdown of the sales of construction equipment but can surge at a decent rate in the coming years.

Other regions that are attempting to make a mark in the global wheeled excavator market include the Middle East, with the top countries being the United Arab Emirates (U.A.E) and Oman.

Significant Companies

J C Bamford Excavators Ltd. (UK), Sany Group Co. Ltd. (China), Caterpillar Inc. (U.S.), Komatsu Ltd. (Japan), Volvo Construction Equipment (Belgium), Hitachi Construction Machinery Co. Ltd. (Japan), Guangxi LiuGong Machinery Co. Ltd. (China), are the top players in the worldwide market for wheeled excavator.

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