Pune, India, May 31, 2021 (GLOBE NEWSWIRE) — The global excavators market size is expected to reach USD 63.14 billion by 2026 while exhibiting a CAGR of 4.7% by 2026. This information is published by Fortune Business Insights™ in its report “Excavators Market, 2019-2026”. The market stood at USD 44.12 billion in 2018. The growing number of development projects across the globe has propelled the demand for the construction equipment. The rising number of construction activities across the industrial, residential, and commercial sector is expected to surge the demand for the product.
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Construction of Essential Infrastructure to Boost Demand Amid Pandemic
The early phase of COVID-19 witnessed a decline in the market as most of the…