Excavator Market Is Likely To Up Demand At A USD 108.37 Billion By 2030
San Francisco, 7 May 2024: The Report Excavator Market Size, Share & Trends Analysis Report By Vehicle Weight (< 10, 46 >), By Engine Capacity (Up To 250 HP, More Than 500 HP), By Type (Wheel, Crawler), By Drive Type (Electric, ICE), By Region, And Segment Forecasts, 2024 - 2030 The global excavator market size is anticipated to reach USD 108.37 billion by 2030, registering a CAGR of 5.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The focus on building robust transportation networks and tapping into the vast mineral resources has resulted in an increasing demand for excavators globally. Manufacturers are responding to this demand by providing a diverse range of excavator models, specifically tailored to meet the unique requirements of construction and mining activities. The increasing emphasis on sustainable construction practices and the integration of advanced technologies in construction equipment is fueling ...