Dragline Excavators Market: Introduction
A dragline excavator, sometimes known as dragline, is a machinery used in large-scale applications including surface mining, canal dredging, port development, and other civil construction activities. Dragline excavators are usually smaller in size, and look like a crane. Draglines use a bucket system to dig materials by boring the bucket along the material’s surface using chains and wire ropes.
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Key Drivers of the Global Dragline Excavators Market
- Rapid urbanization and increasing investment in infrastructure development are driving the demand for dragline excavators across the globe. Construction companies increasingly prefer advanced machineries and tools for efficient execution of their projects. Private builders and government authorities use high-performance construction equipment to meet the infrastructure needs of emerging metropolitan areas.
- Most manufacturers are providing a variety of attachments for braking, crushing, deep digging, and loading of different types of materials as well as soft soil zones to augment the usage of dragline excavators in a wide range applications. Key brands are developing bespoke solutions to cater to varied customer needs as the selection of an excavator depends on the volume of material to be moved and other production requirements.
Global Dragline Excavators Market – Key Trends
- Dragline excavator manufacturers are focusing on aggressive promotion of dragline excavators featuring a range of attachments such as clean-up bucket, digging bucket, ditch cleaning bucket, and concrete slab buckets.
- Key competitors are directing huge investment in design and technology to attain operational superiority in excavator engines, hydraulic systems, and attachment. This in turn contributes to increased productivity and fuel-efficiency. For instance, Hitachi Construction Equipment incorporated an original “Hitachi hydraulic system” (The Optimum Hydraulic system) in its EX Super+ Series excavators to enable the adoption of the system in varied applications such as general purpose, quarry applications, and marshy underfoot conditions.
Impact of COVID-19 on the Global Dragline Excavators Market
The pandemic has affected both the upstream and downstream side of the industry’s supply chain. Major customers of dragline excavators are from the construction industry and use the services through rental channels. Customers and service providers are expected to renew and update the service contracts to face the economic crisis through mutual understanding and contribution.
Asia Pacific to Become a Major Market for Dragline Excavators by 2030
- Based on region, the global dragline excavators market can be classified into South America (SA), North America (NA), Europe (EU), Middle East & Africa (MEA), and Asia Pacific (APAC)
- Country-level bifurcation of the North America market includes the forecast and analysis for the U.S., Canada, and Rest of North America. Country-level analysis and forecast of the Europe market covers the dragline excavators market in the U.K., Germany, France, and Rest of Europe. Country-level analysis and forecast for the Asia Pacific market includes major countries in the region such as India, China, Japan, and Rest of Asia Pacific. Middle East & Africa country-level analysis and forecast for the dragline excavators market includes GCC countries, South Africa, and Rest of Middle East & Africa. The South America dragline excavators market is categorized into Brazil, and Rest of South America.
- Rapid urbanization has increased construction activities across developing countries of Asia Pacific. For instance, 50% of the demand for construction activities in India originate from the infrastructure sector, while the rest comes from industrial activities, residential and commercial development etc. Furthermore, different governments in the region have initiated numerous measures to boost urban infrastructure.
Key Players Operating in the Global Market
Key manufacturers operating in the global dragline excavators market are focused on innovation and technology advancement to offer industry specific products. Most companies are focusing on regional expansion, mergers & acquisition, new product launches, and technological advancement in order to ensure the product offerings are in line with the evolving needs of end-use industries.
Some of the major companies identified in the global dragline excavator market are:
- Caterpillar Inc.
- Komatsu Ltd.
- The Liebherr Group
- Cukurova Ziraat
- Hitachi Construction Equipment
- Hyundai Construction Equipment Co., Ltd.
- Volvo Construction Equipment
- J C Bamford Excavators
- Takeuchi Mfg. Co., Ltd.
- Deere & Company (John Deere)
- Kobe Steel, Ltd. (Kobelco)
Global Dragline Excavators Market: Research Scope
Global Dragline Excavators Market, by Type
- Wheel mounted dragline
- Crawler type dragline
- Truck mounted dragline/portable dragline
Global Dragline Excavators Market, by Application
- Surface mining
- Civil engineering
- Excavation
The report on the global dragline excavators market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
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The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
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