Amphibious excavators
Excavators can be employed for digging of trenches, holes, foundations, material handling, forestry work, demolition, mining, river dredging, drilling shafts for footings and rock blasting, snow removal with snowplow and snow blower attachments and so on. Amphibious excavators are excavator that use to float as well as performing terrestrial digging activity and are adapted in particular for removing silty clay, clearing silted trenches, swampland operation and low water area.
The global amphibious excavators market accounted for USD 3.19 Billion in 2014 and is expected to reach USD 5.66 Billion by 2020, growing at a CAGR of around 10.8% between 2015 and 2020.
Construction was the largest application of the amphibious excavator market in 2014 owing to the increasing infrastructure activities around the globe. This market is expected to grow at a CAGR of 4.3%. Mining was also a significant sector, accounting for more than 15% of the market in 2014.
In terms of demand, Asia Pacific was the largest regional segment, accounting for around 70% of the market in 2014. Rising disposable income coupled with government schemes and support for heavy constructions like roads, bridges, dams, railway platforms, etc. is likely to contribute to continued growth in this area. North America was the second largest regional market for amphibious excavators in 2014.
Key players in the market include EIK Engineering, MBI Marsh Equipment, L&T Construction & Mining Machinery, Sany Chemical, TSBC Engineering Sdn. Bhd and Ultratrex among others.
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