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Hydraulic excavators are heavy construction equipment that have a boom, dipper, and a bucket attached to a rotating platform, which sits on top of an undercarriage either with tracks or wheels. The excavation process is performed with the help of hydraulic pumps and cylinders. Excavators are used in many construction and mining sites. They are also being increasingly adopted in industries like railways for maintenance services. Technavio’s analysts forecast the global hydraulic excavator market to grow at a CAGR of 1.43% during the period 2017-2021.
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