Global Hydraulic Excavator Market 2024-2028
The hydraulic excavator market is forecasted to grow by USD 4783.5 mn during 2023-2028, accelerating at a CAGR of 2.12% during the forecast period. The report on the hydraulic excavator market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing requirement for large-scale project management, growth of rental system, and growth of global construction industry.
Technavio's hydraulic excavator market is segmented as below:
By Application
- Mining
- Construction
- Utility
By Technology
- Crawler excavators
- Mini excavators
- Wheeled excavators
By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growing construction of green buildings as one of the prime reasons driving the hydraulic excavator market growth during the next few years. Also, increasing popularity of hybrid technology and shift from conventional technology will lead to sizable demand in the market.
The report on the hydraulic excavator market covers the following areas:
- Hydraulic excavator market sizing
- Hydraulic excavator market forecast
- Hydraulic excavator market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hydraulic excavator market vendors that include AB Volvo, Astec Industries Inc, BEML Ltd., Caterpillar Inc., CNH Industrial NV, Deere and Co., Doosan Infracore Co. Ltd., FAYAT SAS, Gradall Industries Inc., Guangxi Liugong Machinery Co. Ltd., Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Ltd., KATO WORKS CO. LTD., Lonking Holdings Ltd., Sany Group, Shantui Construction Machinery co. Ltd, Sumitomo Heavy Industries Ltd., Takeuchi Mfg. Co. Ltd, Wacker Neuson SE, and Xuzhou Construction Machinery Group Co. Ltd.. Also, the hydraulic excavator market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.