Global Large Excavators Market Size Study, by Operating Weight (65 to 100 Ton, Above 100 Ton, 45 to 65 Ton), by Business Type (New Sales, Aftersales), by End User (Construction and Infrastructure, Mining and Quarrying, Others), and Regional Forecasts 2022

Global Large Excavators Market Size Study, by Operating Weight (65 to 100 Ton, Above 100 Ton, 45 to 65 Ton), by Business Type (New Sales, Aftersales), by End User (Construction and Infrastructure, Mining and Quarrying, Others), and Regional Forecasts 2022-2032

Global Large Excavators Market was valued at approximately USD 22.71 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.21% during the forecast period from 2024-2032. Large excavators are heavy construction machinery designed for extensive digging and earth-moving tasks. Equipped with powerful hydraulic systems, these machines feature long arms and large buckets, enabling them to handle significant volumes of material efficiently. These excavators are used in construction, mining, and infrastructure projects, large excavators excel in tasks such as excavation, demolition, and material handling. Their versatility, strength, and advanced technology make them indispensable for large-scale operations, contributing to enhanced productivity and project efficiency.

The Global Large Excavators Market is driven by surge in the mining industry and the burgeoning construction sector across the world. Increased mining activities, spurred by the rising demand for minerals and natural resources, require heavy-duty machinery for efficient operations. In addition, growing rate of urbanization and infrastructure development projects, necessitates robust excavators for large-scale earthmoving tasks. Moreover, advancements in technology, such as the integration of IoT and AI, have led to the development of automated large excavators. These advanced machines promise to complete tasks more efficiently with higher fuel efficiency while significantly minimizing human errors present a lucrative opportunity for market growth. However, stringent carbon emission regulations are going to impede the overall demand for the market during the forecast period 2024-2032.

The key regions considered for the Global Large Excavators Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Asia-Pacific dominated the market share and projected to continue growing at the highest CAGR during the forecast period. The region's population growth rate and numerous existing and upcoming mining and quarrying sites are major factors driving this growth. urbanization accelerates across the region, there is an increasing demand for large-scale construction and infrastructure development. This, coupled with the need for efficient extraction and processing of minerals, fuels the demand for large excavators.

Major market players included in this report are:

Caterpillar Inc

Liebherr-International AG

Sanny Global

HD Hyundai Infracore Co., Ltd.

Hitachi, Ltd

CNH Industrial N.V.

XCMG Construction Machinery Co., Ltd.

Deere & Company

Komatsu Ltd

AB Volvo

The detailed segments and sub-segment of the market are explained below:

By Operating Weight
• 65 to 100 Ton
• Above 100 Ton
• 45 to 65 Ton

By Business Type
• New Sales
• Aftersales

By End User
• Construction and Infrastructure
• Mining and Quarrying
• Others

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC

Latin America
• Brazil
• Mexico

Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market

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