Wheeled Excavators Market Analysis Spreads In 132 Pages with 190 Figures and Tables – Sector : Machinery & Equipment
[132 Pages Report with Detailed Analysis] Wheeled Excavators Market (Description) : Wheel excavator runs on wheels and are used for excavation and loading of dump trucks and most of the time it is only used for plain ground operations. Because of wheel, it is not suitable for hilly areas due to low grip value to the ground.
Report Overview
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Wheeled Excavators estimated at USD 4084.7 million in the year 2022, is projected to reach a revised size of USD 4963.2 million by 2028, growing at a CAGR of 3.3% during the forecast period 2022-2028.
According to the report, one of the major drivers for this market is Stabilization of global crude oil prices. Owing to the weak global crude oil market during 2014 and 2016, the construction sector in oil producing countries came to a halt. The Middle East countries, such as Saudi Arabia, Kuwait, and Oman, experienced a downturn in the growth of the construction sector. With the overall global economy in a downslide during this period, the construction and mining sectors faced difficult times, resulting in various projects, including government projects, being temporarily put on hold.
SEGMENTATION ANALYSIS
Top Key players:
By Types
By Application
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