Excavator Remanufactured Components Market Scope and Analysis Report by 2030
Excavator Remanufactured Components Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,882.22 Million |
| Market Size by 2030 | US$ 2,739.25 Million |
| Global CAGR (2022 - 2030) | 4.80% |
| Historical Data | 2020-2022 |
| Forecast period | 2022-2030 |
| Segments Covered |
By Component
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| Regions and Countries Covered | North America
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| Market leaders and key company profiles |
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the excavator remanufactured components market. The market initiative is a strategy adopted by companies to expand their footprint across the world and to meet the growing customer demand. The market players mentioned in the excavator remanufactured components market report are mainly focusing on product and service enhancements by integrating advanced features and technologies into their offerings. A few recent developments by key market players are listed below:
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April 2023 | Tata Hitachi, the construction machinery manufacturing company, made a joint venture between Hitachi Construction Machinery (HCM) and Tata Motors. The partnership with Hitachi Construction Machinery (HCM) is the largest joint venture in the industry. The Tata Hitachi manufactures excavators and construction components in Dharwad and Kharagpur, India. | APAC |
April 2023 | Komatsu and Honda have developed the PC05E-1 electric micro excavator, an expanded version of the PC01E-1, for early introduction to the Japanese market in FY2023. The machine, powered by Honda Mobile Power Pack e and Honda eGX electrified power unit, is used for small-scale civil engineering and construction work. | APAC |
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