Wheeled excavators are construction machinery which provides easy maneuverability for a host of construction application. They are capable of performing gigantic tasks which is not possible with human efforts. They improve the speed of work and are an indispensable tool in the construction industry. Market Research Future (MRFR) has recently published its in-depth study on the global wheeled excavator market, throwing light on the macro and micro-economic trends and patterns that are likely to govern the market trajectory over the forecast period of 2016-2022. MRFR's analysis has found that the wheeled excavator is eyeing on capturing a steady CAGR over the forecast period.

Wheeled excavators are ideally suited for transporting materials, earthmoving, groundworks, and road construction work. These systems provide greater power for performing and eliminate the need to invest in a truck and trailer since the wheeled unit can move around from site to site. Next-generation excavators have improved to consume less fuel, provide enhanced performance, and come with additional features such as rear cameras. Growing constructional and infrastructural activities across the globe has generated huge demand for wheeled excavators. Moreover, growing interest in automating processes requiring high mechanical strength is also driving the growth of the wheeled excavator market. Excavators are extensively used in mining and oil exploration activities. Discovery of various oil fields and accelerated mining activities across the globe are presumed to provide an impetus to the growth of the wheeled excavator market.

With fierce competition within the market, earthmoving machinery is witnessing a wide array of new models coming to the market. The market players in the wheeled excavator space are engaged in product development and are widening their product lines to gain an edge over the market. New excavators are being equipped with advanced hybrid and powertrain technology along with engines which are local emission standard compliant. Improved control, better operator comfort, and increased production are key areas where market players are focusing on improving.

Increasing urbanization, changing needs of megacities, and the development of smart cities are other factors propelling the growth of the wheeled excavators market. On the other hand, better digging performance of other excavators over varied terrains is likely to be an obstruction for the growth of the wheeled excavator market.

Segmentation

The global wheeled excavator market has been segmented based on type and application.

By type, the wheeled excavator market has been segmented into mini excavator, heavy excavator, and large excavator.

By application, the wheeled excavator market has been segmented into infrastructure, mining & oil well, public utilities, and others.

Regional Analysis

Region-wise, the wheeled excavator market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

The APAC wheeled excavator market is anticipated to witness noteworthy growth over the forecast period. Large-scale infrastructure development in the emerging economies of the region has generated massive demand for earthmoving equipment and machinery such as wheeled excavator. Moreover, the rise in spending capabilities of the middle-class demographic has also led to increased investment in residential construction, which further induces incremental demand within the market.

The markets in North America and Europe are anticipated to showcase moderate growth over the forecast period due to the saturated construction industry in these regions.

Competitive Landscape

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

Industry Updates

June 2019 - Embankment Machinery Sales (EMS), Irish Multi Franchise dealer of construction equipment, exhibited its exclusive range of construction excavator equipment at CQMS show. The range included mini excavators, crawler excavators, and wheeled excavator.