Global Excavator Grapples market is valued approximately USD XXX Million in 2018 and is anticipated to grow with a growth rate of more than XX% over the forecast period 2019-2026. The excavator is a heavy construction equipment consisting of boom, dipper, bucket and cab on a rotating platform known as the "House". Whereas, a grapple is a hook or claw attached to the excavator used to catch or hold things in a construction activity. Therefore, the rise in construction industry and rapid industrialization is expected to boost the growth of market over the forecast years. For instance: As per Statista, in public sector in 2016 the spending in construction sector was USD 292 billion and increased up to USD 302 billion in 2018 globally. US accounts for the largest share in construction industries and shows a total expenditure incurred in construction sector in US reached to USD 1293 Billion in 2019. Similarly, according to the Indian Brand Equity Foundation (IBEF), the real estate industry in India is expected to reach USD 1 trillion by 2030 from USD 120 billion in 2017 and contributed to the 13% of the country's GDP by 2025. Moreover, rapid urbanization and substantial growth in production of smart cities in the emerging economies is expected to create a lucrative opportunity for the growth of market over the upcoming years. However, high cost of Excavator grapple is the major factors that hampers the growth of market over the upcoming years.
The regional analysis of global Excavator Grapples market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific region is the fastest growing region in the global excavator grapples market and accounts for the largest share in the market due to the rising growth in construction industry, rapid industrialization and urbanization in the emerging economies of the region.
Market player included in this report are:
Empire Bucket
Werk-Brau
Doosan
Komatsu
Caterpillar
Volvo
Rockland
Paladin
Kinshofer
ACS Industries
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type :
Hydraulic
Mechanical
By Application:
1-10 Ton Excavator
10-25 Ton Excavator
25-40 Ton Excavator
>40 Ton Excavator
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2016, 2017
Base year - 2018
Forecast period - 2019 to 2026
Target Audience of the Global Excavator Grapples Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
