Amphibious excavators
Excavators can be employed for digging 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 can float as well as performing terrestrial digging activity and are adapted in particular for removing silty clay, clearing silted trenches, swampland operation and use in low water areas.
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 increasing infrastructure activities around the globe. This market is expected to grow at a CAGR of 4.3% to 2020. 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 region, accounting for around 70% of the market in 2014. Rising disposable income coupled with government schemes and support for heavy constructions such as 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.
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Dos and don'ts for creating a smart home.
New ICE publication recommends pay-as-you-go tax to fund roads and other financing options.
BSRIA launches a White Paper on wearable technology and wellbeing in buildings.
Have the pressures of the market shredded the core values of professionalism?
Lead times are a measure of the amount of time that elapses between initiating and completing a construction process.
Government releases first tranche of funding for removal of unsafe high-rise cladding.
How to ensure UK transport infrastructure copes with severe winter weather.
Location shortlist for controversial new footbridge revealed.
Under the Party Wall Act a property owner has the legal right to do works that might otherwise constitute trespass or nuisance.
The talent pool in the LGBT community
The rainbow JCB will be making a welcome return to the London Build Expo on 23 and 24 October at Olympia.