Excavator Attachments Market Report
Global Excavator Attachments Market, Dynamics, and Market Analysis See less
Global Excavator Attachments Market, Dynamics, and Market Analysis
The report on Global Excavator Attachments Market is segmented By Type (Buckets, Grapples, Rakes, Hammers, Augers, Others), Application (Demolition, Excavation, Forestry, Mining, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Excavator Attachments market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The Global Excavator Attachments Market is expected to grow from USD 4.8 billion in 2020 to USD 6.1 billion by 2026 at a CAGR of over 4.1% during the forecast period.
Figure: Global Excavator Attachments Market Size, 2020-2026 (USD Billion)
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What are Excavator attachments?
Excavator attachments are defined as equipment that is being widely used at construction and mining sites for various applications such as drilling, demolition, compacting, digging, and ripping. These excavators are available in different sizes from mini to large. Excavators are the most commonly used equipment in the construction industry.
Key players operating in the global Excavator Attachments Market are-
The growth of the global excavator attachments market is primarily driven by expanding construction industry with rising in both residential and non-residential construction activities.
Based on type, the market has been segmented into buckets, grapples, rakes, hammers, augers, and others.
Geographically, the market in Asia-Pacific accounted for the largest market share in 2020 and is expected to continue its dominance during the review period.
The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus. This led to travel restrictions and supply chain disruptions which affected the growth of the excavator attachments market. The cancellation of various construction and mining projects amid the lockdown period hampered the market growth significantly. However, with the lift of lockdown, the growth of the end-use industries is likely to gain momentum and thus, drive the market growth.
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Here is the list of the group of customers that the Excavator Attachments market hopes to have the greatest opportunity to convert-
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The excavator attachments market is expected to witness an impressive growth of 4.1% CAGR in the foreseeable future.
The excavator attachments market size is expected to reach an estimated value of USD 6.1 billion in the coming years.
Caterpillar Inc. (The US), Craig Manufacturing Ltd. (Canada), Sandvik AB (Sweden), Epiroc Mining India Limited (India), Rockland Acquisition Company, LLC (The US), Geith International Ltd. (Ireland), Doosan Infracore (South Korea), Atlas-copco (Sweden), Kenco Group (The US), Manitou (France), ACS Industries (The US), AMI Attachments (Canada), EVERDIGM (South Korea), and Komatsu Ltd. (Japan) are among the key players in the excavator attachments market.
Asia-pacific is expected to remain dominant in the excavator attachments market during the forecast period.
The prime factor driving the growth of excavator attachments market is expanding construction industry with rising in both residential and non-residential construction activities.
Excavator attachments manufacturers, Excavator attachments suppliers, Excavator attachments distributors, Organizations, Government bodies are the target audience in the excavator attachments market.