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Dragline Excavator Market Share

Report ID: GMI8149
Published Date: Feb 2024
Report Format: PDF

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Dragline Excavator Market Share

Caterpillar Inc., Komatsu Ltd., and Liebherr International Deutschland GmbH hold a significant market share of over 35% in the dragline excavator industry. These companies often invest in R&D to introduce innovative dragline excavators with advanced features, improved efficiency, and enhanced safety. Continuous product innovation helps attract customers looking for cutting-edge technology.

Companies focus on staying ahead in terms of technological advancements. Integrating advanced technologies, such as automation, remote monitoring, and telematics, into dragline excavators can enhance their performance, efficiency, and overall value proposition. Furthermore, offering customization options to meet specific customer requirements and providing comprehensive customer support, including training and aftermarket services, helps build long-term relationships and customer loyalty.

Dragline Excavator Market Companies

Major companies operating in the dragline excavator industry are:

AB Volvo
Caterpillar Inc.
Deere & Co.
Doosan Bobcat Inc.
Heavy Engineering Corp. Ltd.
Hitachi Construction Machinery Co. Ltd.
Hyundai Construction Equipment Co. Ltd.
Komatsu Ltd.
Liebherr International Deutschland GmbH
Sumitomo Heavy Industries, Ltd.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of dragline excavator reached USD 816.7 million in 2023 and is set to witness 3% CAGR from 2024 to 2032, owing to the increasing demand for minerals and metals such as iron ore, coal, copper, and lithium worldwide.

The standard lifting cranes segment held over 53% market share in 2023, due to a wide range of applications including lifting, excavating, and material handling.

Asia Pacific market recorded 44% revenue share in 2023, attributed to rapid infrastructure development, industrialization, and increasing demand for minerals such as coal, iron ore, copper, and lithium in the region.

Deere & Co., Heavy Engineering Corp. Ltd., Hitachi Construction Machinery Co. Ltd., Hyundai Construction Equipment Co. Ltd., Komatsu Ltd., Liebherr International Deutschland GmbH, and Sumitomo Heavy Industries, Ltd., are some of the major dragline excavator companies worldwide.