Heavy equipment

North America $1792.6 Billion Excavator Market Outlook to 2025

Thursday, November 26, 2020 - 4:45pm

DUBLIN, Nov. 26, 2020 /PRNewswire/ -- The "North America Excavator Market Outlook, 2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Nov. 26, 2020 /PRNewswire/ -- The "North America Excavator Market Outlook, 2025" report has been added to ResearchAndMarkets.com's offering.
  • The overall construction industry in North America is estimated to grow to USD 1792.6 Billion by the year 2024, which gives ample scope for the excavator markets to commence into the market.
  • In North America, the construction industry is the major contributor to the economy and is to grow more in the forecasted period.
  • The North American excavator market started at USD 8.68 Billion in the year 2014 and has been observed at more than USD 9 Billion in 2019.

Worldwide Excavator Industry Outlook to 2025 - by Application, Machinery Type, Region, Country and Company - ResearchAndMarkets.com

Wednesday, November 25, 2020 - 3:36pm

In an initial couple of years in the forecasted period, the excavator market is likely to fall back by value due to the COVID-19 pandemic.

Key Points: 
  • In an initial couple of years in the forecasted period, the excavator market is likely to fall back by value due to the COVID-19 pandemic.
  • The pandemic is likely to leave the economy shaken and resulting in a fall of construction and the real estate industry.
  • Moreover, the excavator industry has been facing a shortage of skilled laborers over the past few years.
  • 'Global Excavator Market Outlook, 2025' discusses the in depth analysis of the construction equipment market with the comparison of the past years and the coming future.

Worldwide Tractor Transmission System Industry to 2024 - Key Drivers, Challenges and Trends - ResearchAndMarkets.com

Wednesday, November 25, 2020 - 12:55pm

The tractor transmission system market is poised to grow by 465.70 thousand units during 2020-2024 progressing at a CAGR of 4% during the forecast period.

Key Points: 
  • The tractor transmission system market is poised to grow by 465.70 thousand units during 2020-2024 progressing at a CAGR of 4% during the forecast period.
  • The report on tractor transmission system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
  • The tractor transmission system market analysis includes type segment and geographical landscapes.
  • This study identifies the development of electric tractors as one of the prime reasons driving the tractor transmission system market growth during the next few years.

Dana Launches Production of New Track Drives for Construction Equipment in China

Tuesday, November 24, 2020 - 12:00pm

SHANGHAI, Nov. 24, 2020 /PRNewswire/ --Dana Incorporated (NYSE: DAN) today introduced track drives now manufactured in China for a wide range of tracked construction equipment.

Key Points: 
  • SHANGHAI, Nov. 24, 2020 /PRNewswire/ --Dana Incorporated (NYSE: DAN) today introduced track drives now manufactured in China for a wide range of tracked construction equipment.
  • The track drives are manufactured locally in Yancheng, China, reducing the supply times to original-equipment manufacturers and helping them accelerate the production of equipment for domestic and global distribution.
  • At Bauma China this week, Dana is showcasing a new system for 80- to 90-tonne (88- to 99-ton) crawler cranes that includes Spicer Torque-Hub RCT Series track drives as well as high-performance Brevini pumps and motors.
  • In addition to the new track drives being produced in China, Dana currently offers a wide selection of drive and motion technologies for crawler cranes and rough-terrain cranes.

Able Machinery Movers Acquires Diamond E Rigging

Monday, November 23, 2020 - 10:44pm

Able Machinery Movers, a heavy machinery-moving and rigging company based in Grapevine, Texas, announced today the acquisition of Diamond E Rigging, a family-owned rigging and heavy equipment relocation business in the Austin / San Antonio area.

Key Points: 
  • Able Machinery Movers, a heavy machinery-moving and rigging company based in Grapevine, Texas, announced today the acquisition of Diamond E Rigging, a family-owned rigging and heavy equipment relocation business in the Austin / San Antonio area.
  • Along with a valued slate of customers, Diamond E will bring skilled riggers, successful sales professionals, and specialized equipment to Able.
  • Becoming part of Able is a natural next step for Diamond E as we grow and expand.
  • Based in Grapevine, Texas, Able Machinery Movers is a leading equipment-moving and rigging company serving commercial and industrial customers.

YANMAR Compact Equipment North America Selects New Commercial Director

Monday, November 23, 2020 - 8:00pm

YANMAR Compact Equipment North America, encompassing the YANMAR Compact Equipment and ASV Holdings Inc. brands, announces Tate Johnson as commercial director.

Key Points: 
  • YANMAR Compact Equipment North America, encompassing the YANMAR Compact Equipment and ASV Holdings Inc. brands, announces Tate Johnson as commercial director.
  • Johnson will be responsible for channel development, sales and national accounts for YANMAR and ASV compact equipment in North America.
  • About YANMAR Compact Equipment North America:
    YANMAR Compact Equipment North America, located in Grand Rapids, Minnesota, encompasses YANMAR Compact Equipment divisions powerful, dependable and efficient compact excavators, tracked carriers and wheel loaders and ASVs innovative, reliable and industry-leading Posi-Track compact track loaders.
  • For more information: YANMAR Compact Equipment North America, 840 Lily Lane, Grand Rapids, MN 55744; call 1-800-205-9913; fax 218-327-9122; https://www.yanmar.com/us/products/construction/ .

Global Electric Off-Highway Vehicle Market 2020-2025: Leading Players are Caterpillar, Komatsu, Hitachi Construction Machinery, Volvo, and Epiroc

Monday, November 23, 2020 - 12:15pm

The global electric off-highway vehicle market size is projected to grow from USD 6.3 billion in 2020 to USD 17.5 billion by 2025, at a CAGR 22.8%.

Key Points: 
  • The global electric off-highway vehicle market size is projected to grow from USD 6.3 billion in 2020 to USD 17.5 billion by 2025, at a CAGR 22.8%.
  • Caterpillar (US), Komatsu Ltd. (Japan), Hitachi Construction Machinery (Japan), Volvo Construction Equipment (Volvo CE) (Sweden), and Epiroc (Sweden) are the leading manufacturers and suppliers of electric off-highway vehicles, including the electric excavator, electric loader, electric dozer, electric mining dump truck, electric lawnmower and electric tractor in the global market.
  • The demand for electric off-highway vehicles including electric excavator, electric loader, electric dozer, electric mining dump truck, electric lawnmower, and electric tractor to reduce emissions and noise generation, are factors expected to drive the market growth of the Asia-pacific region.
  • Additionally, the presence of major electric off-highway vehicle manufacturer companies like Hitachi, Sany, BYD, and Komatsu and their focus on domestic market sales will drive the Asia-pacific electric off-highway vehicle market during the forecast period.

$200+ Billion Construction Equipment Markets: Excavator-Crawler & Mini, Loader-Backhoe, Skid-steer, Wheel, Dozer, Dump Truck - Global Forecast to 2025 - ResearchAndMarkets.com

Monday, November 23, 2020 - 10:14am

The Global Construction Equipment Market Size is Projected to Reach USD 205.0 Billion by 2025, from USD 169.3 Billion in 2020, at a 3.9% CAGR.

Key Points: 
  • The Global Construction Equipment Market Size is Projected to Reach USD 205.0 Billion by 2025, from USD 169.3 Billion in 2020, at a 3.9% CAGR.
  • The increasing number of infrastructure projects and mega construction projects are anticipated further to fuel the demand for construction equipment during the forecast period.
  • These mega projects have led to an increase in investments and construction activities, thereby driving the region's construction equipment market.
  • Caterpillar Inc. (US), Komatsu Ltd. (Japan), Deere & Company (US), Hitachi Construction Machinery Co., Ltd (Japan), and Volvo Construction Equipment (Sweden) are the leading manufacturers of construction equipment in the global market.

TECHKING Tires are About to Touch the Ground at bauma CHINA 2020

Sunday, November 22, 2020 - 2:49am

SHANGHAI, Nov. 21, 2020 /PRNewswire/ -- From November 24 to 27, 2020, TECHKING will exhibit at bauma CHINA 2020.As a world-renowned tire solutions provider for the mining and construction industry, TECHKING will bring the hot-selling tires made for the off-road wide-body dump trucks, mobile cranes, underground mining equipmentas well as off-highway trucks, to showcase the strength of customization in engineering tires.

Key Points: 
  • SHANGHAI, Nov. 21, 2020 /PRNewswire/ -- From November 24 to 27, 2020, TECHKING will exhibit at bauma CHINA 2020.As a world-renowned tire solutions provider for the mining and construction industry, TECHKING will bring the hot-selling tires made for the off-road wide-body dump trucks, mobile cranes, underground mining equipmentas well as off-highway trucks, to showcase the strength of customization in engineering tires.
  • At bauma CHINA 2020, TECHKING will conduct a 3-day global live stream: TECHKING LIVE SHOW on Facebook from November 24 to 26, to fully display the wide application of its hot-selling tires in major mines and construction sites!Customers around the world will be able to enjoy the show at home and feel the high performance of TECHKING tires.
  • TECHKING has been providing professional tire solutions for the world's large mines and more than 40 major mining and construction machinery manufacturers includingXCMG, SANY, ZOOMLION, DOOSAN, LIEBHERR, TEREX, and SANDVIK.
  • It has been exporting products and services to more than 160 countries with tire applications in ports, mining fields as well as construction sites.

Sunward to Showcase 38 Equipment at bauma CHINA 2020

Sunday, November 22, 2020 - 2:26am

SHANGHAI, Nov. 21, 2020 /PRNewswire/ -- As a world-class manufacturer, Sunward will bring 38 equipment covering 8 product lines at the upcoming bauma CHINA 2020.

Key Points: 
  • SHANGHAI, Nov. 21, 2020 /PRNewswire/ -- As a world-class manufacturer, Sunward will bring 38 equipment covering 8 product lines at the upcoming bauma CHINA 2020.
  • During the exhibition, Sunward will display the integrated solutions as well as a wide range of construction equipment including excavator, rotary drilling rig, rock drilling equipment, mobile crusher, telescopic crane, and the tunnel boring machine.
  • The company has got significant independent intellectual property rights and core competitiveness in more than ten product lines including underground engineering equipment, a full range of excavators, rock drilling equipment, special equipment, mining equipment, lifting machinery, hydraulic components and general aviation equipment.
  • Its tough high-end equipment have exported to more than 100 countries and regions around the world
    At bauma CHINA 2020, Sunward will be welcoming visitors at the brand new outdoor stand D76 & D80.