Based on the historical situation of the past five years (2016-2020)

Based on the historical situation of the past five years (2016-2020), It analyzes the overall scale of global excavators, the scale of major regions, the scale and share of major enterprises, the classification scale of major products, and the main application scale of downstream. Scale analysis includes volume, price, revenue and market share.
According to the research, the global excavator income in 2020 is about 4309.2 million US dollars, and is expected to reach 5329.3million US dollars in 2026, with a compound annual growth rate of 5.5% from 2021 to 2026.

In fact
In fact, when the market enters the field of segmentation, it plays an important supporting role in accelerating structural adjustment and technological upgrading, solving product homogeneity competition, or realizing differentiated development of enterprises.  Even with the adjustment of industrial structure centering on energy saving and emission reduction and green environmental protection, accessories also play an important role in exploring energy-saving technologies of spare parts and realizing multi-use of one machine.  Through the technical optimization of the accessory, the market application scope of the whole machine can be successfully expanded to meet the personalized customization requirements of end-users with one machine and multiple functions.

The rapid development of construction machinery parts
With the continuous improvement of the degree of social civilization and the continuous progress of science and technology, many of the work done by manual in the field of engineering construction are gradually replaced by engineering machinery.  You can see from our daily life that a digger can work by changing different attachments, alone in the trench, logging, cable, backfilling, compaction and a series of cable laying work, also can by changing different attachments alone bear the pavement milling planer, cutting, crushing, remove, repair, compaction work, etc.  This efficient, fast and low-cost working mode benefits from the rapid development of construction machinery fittings. 

Prospect of home appliance industry
In recent years, more and more customers come to consult the multi-purpose excavator, the root is that the customer wants to further improve the utilization rate of the machine, increase the excavator function.  It can be seen as the personalized needs of customers, and it can also be seen as the constant recognition of the accessory market.  In the global market, more distributors are beginning to place large orders for their home markets.  At the same time, we can also feel customers' confidence in the appliance industry.

Post time: Jun-16-2022