DUBLIN--(BUSINESS WIRE )--The "Germany Crawler Excavator Market - Strategic Assessment & Forecast 2021-2027" report has been added to ResearchAndMarkets.com's offering.

Germany excavator market size to reach a volume of 24514 units by 2027, growing at a compound annual growth rate (CAGR) of 4.48% by volume during 2021-2027

Increasing demand for crawler excavators is attributed to investments by developed countries, favorable government policies and FDIs, shifting focus toward domestic manufacturing, and upcoming industrial developments in the mining and construction industries.

Intelligent systems driven by IoT and data analysis for service, networking, and sustainability, the crawler excavator market is transitioning to a more innovative industry. The Germany crawler excavator market is expected to show an incremental growth of 4,781 units, during the forecast period 2021-2027.

GERMANY CRAWLER EXCAVATOR MARKET INSIGHTS

In 2021, the Germany crawler excavator market size was USD 18846 units by revenue. The rise in fuel prices will increase mini the demand growth of mini excavators as they are more fuel-efficient, and manufacturers are coming up with electrically powered compact excavators in the German industry.

The mining industry majorly contributes to the large excavator market in the country. The demand for these excavators will be supported by an increasing preference for new mining projects in the country. Agriculture is one of the largest industries in Germany. The usage of mini and small excavators is estimated to increase in the sector owing to their high fuel efficiency and availability of the latest technology at a low cost.

The high market share is due to government investments in construction projects and the increasing preference from consumers towards lightweight and compact excavators.

KEY HIGHLIGHTS FROM THE REPORT

GERMANY CRAWLER EXCAVATOR MARKET - SEGMENTATION ANALYSIS

Section 2 - The Market Overview

Section 5 - Germany Crawler Excavator Market (Type & Operating Weight)

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900