Dublin, April 11, 2024 (GLOBE NEWSWIRE) -- The "Wheeled Excavators - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Wheeled Excavators Market to Reach $40.5 Billion by 2030
The global market for Wheeled Excavators estimated at US$28.6 Billion in the year 2023, is projected to reach a revised size of US$40.5 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2023-2030. 
Construction, one of the application segments analyzed in the report, is projected to record 4.8% CAGR and reach US$22.5 Billion by the end of the analysis period. Growth in the Mining application segment is estimated at 4.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.6 Billion, While China is Forecast to Grow at 5.8% CAGR
The Wheeled Excavators market in the U.S. is estimated at US$5.6 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$8.3 Billion by the year 2030 trailing a CAGR of 5.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 3.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 438 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $28.6 Billion |
| Forecasted Market Value (USD) by 2030 | $40.5 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
MARKET OVERVIEW
- Focus on Automation Amid Labor Shortages Provides the Cornerstone for the Adoption of Wheeled Excavators
- Global Economic Update
- Competition
- Wheeled Excavators - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Wheeled Excavators: Overview, Types & Technology Innovations
- World Brands
- Recent Market Activity
- Innovations
MARKET TRENDS & DRIVERS
- Recovery in Construction Industry Bodes Well for Wheeled Excavators in Commercial, Residential & Industrial Construction Sectors
- Cautious Optimism Amid Challenges for the Mining Industry Brings Relief for Players in this Sector
- Cautious Optimism & Attempts to Balance Risks & Opportunities Leads Mining Companies to Pursue Development of More Growth Options Through Mine Expansions: Global Mining Project Development Spending (In US$ Billion) as of the Year 2023
- Healthy Government Spending on Infrastructure Development Bodes Well for Growth
- Need to Build Resilient Infrastructure to Ensure Inclusive & Sustainable Industrialization Drives Government Budgets for Infrastructure Projects: Global Infrastructure Spending as a % of GDP for the Period 2016 to 2024
- Global Road Construction Project Pipeline (In US$ Billion) As of the Year 2023 by Execution Stage
- Focus on Sustainability & Carbon Footprint Management Drives Interest in Electric Wheeled Excavators
- Global Movement Towards Sustainability Amid Suffocating Spike in Emissions Makes a Strong Business Case for Migrating Towards Electric Wheeled Excavators: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, 2020, 2021, 2022 & 2023
- Machine Cost Reduction Storms Into the Spotlight! Here's How Operators are Strategizing to Save Money on Wheeled Excavators
- Equipment Rental and Leasing Pose Stiff Competition to New OEM Sales
- Integration of Telematics, a Key Technology Trend
- Digital Technologies Make Their Mark on Wheeled Excavators
FOCUS ON SELECT PLAYERS(Total 75 Featured)
- Atlas Copco Group AB
- Caterpillar Inc.
- CNH Industrial NV
- Deere & Company
- Doosan Corporation
- Escorts Limited
- Guangxi LiuGong Machinery Co. Ltd.
- Hitachi Construction Machinery Co. Ltd.
- J C Bamford Excavators Ltd (JCB)
- Kobelco Construction Machinery U.S.A Inc.
- Komatsu Ltd.
- Liebherr International AG
- Sany heavy Industries Co. Ltd.
- Volvo Construction Equipment
- Xuzhou Construction Machinery Group Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/hg1xnt
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