The excavator market has soared in recent years thanks to growing urbanization with 2018 set to mark a record high. But what happens next? Volvo Construction Equipment's Vice President of Excavator Business Platform Sungmo Yang discusses three market shifts set to impact the future of excavators.
Volvo Construction Equipment312 Volvo Way
Volvo Construction Equipment (Volvo CE) is a major international company developing, manufacturing and marketing equipment for construction and related industries. Its products, leaders in many world markets, include a comprehensive range of wheel loaders, hydraulic excavators, articulated haulers, motor graders, soil and asphalt compactors, pavers, milling machines and compact equipment. Volvo CE is part of the Volvo Group, one of the world's leading manufacturers of trucks, buses and construction equipment, as well as drive systems for marine and industrial applications. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 115,000 people, has production facilities in 20 countries and sells its products in more than 190 markets. The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden.