MARKET INTRODUCTION
The excavators are heavy machinery used in the excavation of soils in various applications such as trench digging, material handling, forestry work, demolition, and others. The digging machine is driven usually by hydraulic, electric, or hybrid power mounted on crawler tracks. The type of excavators used for a particular job may vary in terms of its bucket size, length of the boom, operation speed, as well as arm length. Moreover, there are various types of excavators differentiated based on weight loading capacity. These are widely used in construction activities for commercial, residential, and industrial purposes.
MARKET DYNAMICS
The excavator market is anticipated to grow during the forecast period owing to drivers such as increasing investments in construction and infrastructure in developing countries. Moreover, high demands from the mining and oil & gas construction sectors are further expected to fuel the growth of the excavator market. However, strict emission norms may restrict the growth of the excavator market. Nonetheless, the market is likely to showcase substantial growth opportunities on account of rapid urbanization and industrialization in the emerging economies during the forecast period.
MARKET SCOPE
The "Global Excavator Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of excavator market with detailed market segmentation by type, operating mechanism, end-user and geography. The global excavator market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading excavator market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global excavator market is segmented on the basis of type, operating mechanism, and end-user. Based on type, the market is segmented as compact excavator (<13,227 lbs), medium excavator (13,227 - 22,046 lbs), standard excavator(22,046 - 198,416 lbs), and heavy excavator(>198,416 lbs). On the basis of the operating mechanism, the market is segmented as electric, hydraulic, and hybrid. The market on the basis of the end-user is classified as construction, mining, forestry & agriculture, and others.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global excavator market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The excavator market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting excavator market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the excavator market in these regions.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
MARKET PLAYERS
The reports cover key developments in the excavator market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from excavator market are anticipated to lucrative growth opportunities in the future with the rising demand for excavator in the global market. Below mentioned is the list of few companies engaged in the excavator market.
The report also includes the profiles of key excavator companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- AB Volvo
- Caterpillar
- Deere & Company
- Doosan Corporation
- Hitachi Construction Machinery Co., Ltd.
- J C Bamford Excavators Ltd
- Kobelco Construction Machinery Co., Ltd.
- Komatsu Ltd.
- KUBOTA Corporation
- SANY Group
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Excavator Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | 5.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The market is expected to register a CAGR of 5.2% during 2021–2031
Key growth drivers for the Excavator Market include the rising global urbanization and infrastructure development owing to the increasing number of construction activities. Furthermore, the evolution of the construction excavator with the incorporation of automation and advanced eco-friendly features that increase the efficiency of operation significantly, coupled with rising demand for earth-removing equipment at widespread construction sites and mines in different areas are driving the growth of the Excavator market. Technological advancements that lead to the evolution of more efficient excavator machines and demand for earth-removing equipment at widespread construction sites and mines in different areas are augmenting the growth of the excavator market. Terahertz (THz) Terahertz (THz) is a segment that is currently experiencing exponential growth, driven by the potential applications associated with the band.
The Excavator Market is forecast to see more electric and hybrid models becoming available, enhancing its sustainability, along with smart technologies and automation improving operational efficiency and safety. Further, since urbanisation is a huge driver for demand for construction equipment, more and more cities will emerge, thereby maximising the growth of the market.
Key market players in this market are - AB Volvo, Caterpillar, Deere and Company, Doosan Corporation, Hitachi Construction Machinery Co Ltd, J C Bamford Excavators Ltd, Kobelco Construction Machinery Co Ltd, Komatsu Ltd, KUBOTA Corporation
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
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1.AB Volvo2.Caterpillar3.Deere and Company4.Doosan Corporation5.Hitachi Construction Machinery Co., Ltd.6.J C Bamford Excavators Ltd7.Kobelco Construction Machinery Co., Ltd.8.Komatsu Ltd.9.KUBOTA Corporation10.SANY Group
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