Excavator Pulverizers Market REPORT OVERVIEW
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The global excavator pulverizers market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.
Pulverizers, also known as concrete crushers, are common excavator pulverizers for demolition and recycling of concrete. They excel at crushing concrete and are an excellent choice for removing rebar (reinforcement steel) from concrete because they break the concrete into small enough bits to fall away from the steel. Some pulverizers include replaceable teeth, which makes it simple to replace old teeth and return to work. Others include a wire cutting area near the pulverizer's hinge, making it easier to cut and separate steel throughout the concrete. Increasing construction activity and technological advancement are the primary major drivers driving market expansion.
COVID-19 Impact: The COVID-19 Underlying Condition Crippled the Market Growth
The COVID-19 pandemic has had an influence on the economic situations of countries all over the world, with various industries suffering as a result of lockdowns and low demand for non-essential commodities. The epidemic has also had a significant influence on the construction industry, which includes contractors, equipment manufacturers, developers, and supply chain suppliers who supply raw materials. The degree of impact on the construction sector varies depending on the infrastructure projects and development zone. Some major building projects were not halted during the lockdown, and some governments let the projects to proceed with a 50% staff. However, due to the pandemic, demand for new construction equipment was low in 2020.
LATEST TRENDS
"The Launch of the Electric Excavators to Attract the Market Share"
With the world moving towards electric mobility, leading excavators and construction equipment developers are attempting to develop technologies to reduce carbon footprint by launching electric excavators that meet customer requirements while also adhering to evolving regulations, delivering machines with higher efficiency, lower costs, lower noise, and low/zero emissions.
Volvo Construction Equipment announced the usage of the EX1 prototype, a cable-connected and dual-powered 70-ton excavator, for the company's electric site research project. It is anticipated that it will reduce carbon emissions by 98%, operational expenses by 40%, and energy costs by 70%. The project is being carried out in collaboration with Skanska AB, a Swedish construction and development corporation.
Excavator Pulverizers Market SEGMENTATION
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- By Type
Based on type the excavator pulverizers market is classified as fixed teeth excavator pulverizers, interchangeable teeth excavator pulverizers and others.
The type fixed teeth excavator is the leading part of the type segment.
- By Application
Based on application the excavator pulverizers market is classified as mining, construction, railway, ship and others.
The minning type is the leading part of the application segment.
DRIVING FACTORS
"Extensive Applications in Infrastructure, Construction and Minning Activities to Boost the Market Share"
Excavators market data has been segmented by application into mining, construction, and utilities. The construction segment led the market and is expected to be the fastest-growing segment throughout the forecast period. A large development in the construction industry is one of the key factors driving the market's positive outlook. Excavators are commonly used in large-scale residential and commercial construction, road and port improvement and construction, and mining projects all over the world. Furthermore, emerging economies are currently focusing on infrastructure development, which will boost the market for excavators.In October 2022, JCB introduced three new excavators for use in infrastructure, mining, and quarrying. These machines will be manufactured in JCB India's cutting-edge plant in Pune and marketed to clients in India and worldwide markets. This new launch is projected to increase the Excavators industry's growth prospect in the approaching years.
"Increased Urbanization and Industrialization to Impact Growth in the Pulverizer Market"
The need for excavator pulverizers is driven mostly by the demand for heavy material handling equipment like backhoes and crawler loaders. Others are also on the rise as a result of the increasing volume of trash collected from building sites, industrial sites, and waste yards. Excavators are growing increasingly in demand due to expanding building activity and greater urbanisation and industrialization. Furthermore, mini/compact is expected to expand the fastest during the projection period. Mini excavators are expected to have new technological characteristics and emit fewer emissions as a result of the adoption of cutting-edge hydraulic systems and electrification, which are expected to boost growth throughout the projected period.
RESTRAINING FACTORS
"The Lockdown and Pandemic Prevailed to Restrain the Market from Product Utilization"
Depending on the infrastructure projects and the growth region, different infrastructure projects have varying degrees of impact on the construction sector. Other nations let the projects to continue with a 50% workforce, and some significant construction projects were not suspended during the lockdown. Unfortunately, because of the epidemic, there was little demand for new construction machinery in 2020. The excavator pulverizers market growth is however constrained by the pandemic prevailed globally.
Excavator Pulverizers Market REGIONAL INSIGHTS
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"The Asia Pacific region to Lead the Market With Rising Agricultural Activities and River Water Extraction"
The excavator pulverizers market share in Asia Pacific was valued at USD 20.7 billion in 2022 and is anticipated to rise at a substantial CAGR over the study period. The construction sector is supported by the rapidly expanding infrastructure and improved economic conditions in developing countries like China, India, and South Korea. because there are huge manufacturers and they are trying harder to build new factories. The excavator pulverizers market is also expanding as a result of increased mining operations in countries like India, Thailand, China, and Vietnam. In addition, the India Excavators market had the quickest rate of growth in the Asia-Pacific region, while the China Excavators market had the greatest market share. For instance, among the major reasons fueling the growth of the India Excavators market are the country's fast urbanisation, construction activity, and rising government initiatives for infrastructure development.
KEY INDUSTRY PLAYERS
"Prominent Manufacturers to Contribute Towards Expansion of Market"
The report is an extensive research which presents the historic and futuristic performance of industry with competitive landscape analysis which incorporates prominent key players ,and revenue trends of industry. The report provides substantial analysis of company profiling, growth insights, supply-demand chain, production and consumption demand, business expansion strategies adopted by top key players. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and other factors.
List of Market Players Profiled
- ASTEC (HOLLAND)
- Promove (U.S.A)
- VTN(U.S.A)
- Hydraram (The Netherlands)
- Trevi Benne (Italy)
- KINSHOFER (Lifco)
- OKADA (Philippines)
- MBI (U.S.A)
- Hyundai Everdigm (Belgium)
- Genesis (Pennsylvania)
- TABE (India)
- STANLEY Infrastructure (U.S.A).
- Rotar (U.S.A)
- Rent Demolition (U.S.A)
- Kenco (U.S.A)
- ShearForce (U.S.A)
- ShearCore (U.S.A)
- Toku America (U.S.A)
- Rammer (Finland)
- Changzhou Qianshou Construction Machinery (China).
REPORT COVERAGE
The report anticipates a detailed analysis of the global market size at the regional and national level, the segmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Analysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
Frequently Asked Questions
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Which are the driving factors of the excavator pulverizers market?
Extensive applications in infrastructure, construction and minning activities and the increasing urbanization and industrialization are the driving factors of the excavator pulverizers market.
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What is the leading region in the excavator pulverizers market?
The Asia Pacific region to lead the excavator pulverizers market.
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Which are the top companies operating in the excavator pulverizers market?
ASTEC, Promove, VTN, NPK, Hydraram, Trevi Benne, KINSHOFER (Lifco), OKADA, sIndeco, MBI, Hyundai Everdigm, Genesis, TABE, STANLEY Infrastructure (Stanley Black & Decker), Rotar, Rent Demolition, Kenco, ShearForce (West Coast Machinery), ShearCore (Exodus Global), Toku America (Toku Pneumatic), Rammer, Changzhou Qianshou Construction Machinery, YUTANI MACHINERY(Changzhou) and others are the top companies operating in the excavator pulverizers market.
