Malaysia Crawler Excavator Market Report 2024-2029, Featuring Market Leaders Caterpillar, Volvo CE, Komatsu, XCMG and Hitachi Construction Machinery [Yahoo! Finance]
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Source: Yahoo! Finance
The Malaysia Crawler Excavator Market's size consisted of 2,567 units in 2023, and is expected to reach 3,440 units by 2029, rising at a CAGR of 5%. Caterpillar, Volvo CE, Komatsu, XCMG, and Hitachi Construction Machinery have a strong market share in the Malaysian crawler excavator market. These manufacturers are leaders in the market. KEY HIGHLIGHTS In 2023, medium-size excavators will have the largest market share in the Malaysia crawler excavator market due to their versatile use in the construction and mining industries. The rise in public infrastructure, mining, and renewable energy projects drives crawler excavator sales in the Malaysian crawler excavator market. In 2023, crawler excavator uses in the construction industry accounted for the largest market share by end-user. Chinese construction machinery brands are shifting from only product exports to localized operations by rapidly expanding into Southeast Asia. Prominent vendors like Zoomlion and SANY have recen
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