Amphibious Excavator Market: Increasing adoption of a number of latest trends in the construction industry drives the demand, Says ZMR

11-Apr-2017 | Zion Market Research

Amphibious excavators are tracked or wheeled vehicles used to carry out terrestrial digging activity, removing of silty clay, low water area operation, swampland operations, and clearing silted trenches. These excavators can thus be used to perform a number of tasks such as snow removal by using a snow blower or snow plow, mining, drilling shafts for rock blasting and footings, digging holes, trenches, foundations, material handling, demolition, river dredging, and forestry work. As per the report, the global amphibious excavators market is valued at USD 3.19 Billion in 2014 and is anticipated to reach about USD 5.66 Billion by 2020; in short, a growth rate at a CAGR of about 10.85 is expected from 2015 to 2020.

The factors attributed to driving the global amphibious excavators market is the increasing adoption of a number of latest trends in the construction industry. The various government schemes and also the support rendered for carrying out the heavy constructions such as the dams, roads, bridges, railway platforms, and others are the other factors helping the global market grow. The growing urbanization and globalization also influence the growth of the construction industry which in turns boosts the global amphibious excavator market.

The global amphibious excavator market is bifurcated based on the application and region. The application segment is further divided into construction, mining, maintenance and cleaning of rivers, lakes, shorelines, etc. The regional segmentation includes the Middle East and Africa, Europe, Latin America, North America, and Asia-Pacific. These regions are further categorized into the U.K., Germany, and France; Brazil; the U.S., and India, China, and Japan. The construction is the dominating segment in the global amphibious market followed by mining.

Asia-Pacific is expected to lead the global amphibious excavator market in terms of demand and supply. The increasing government support along with the rising disposable income for the various heavy construction processes is supposed to contribute to the growth in the Asia-pacific region. North America is the second region dominating the global market.

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The key players dominating the global amphibious excavator market includes TSBC Engineering Sdn. Bhd, Ultratrex, Sany Chemical Company, Wetland Equipment Company, Wilco, EIK Engineering, MBI Marsh Equipment, and L&T Construction & Mining Machinery.

Lately, the Cenovus Energy had made use of the amphibious excavators in the Cenovus Caribou Habitat Restoration Project in January 2017. The company had planned to take up the project in order to restore the boreal forest land affected by the oil and gas development.

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