Global Excavator Market Growth 2024-2030

Global Excavator Market Growth 2024-2030

Excavators are heavy Construction Machinery consisting of a boom, dipper (or stick), bucket and cab on a rotating platform known as the "house". The house sits atop an undercarriage with tracks or wheels. They are a natural progression from the steam shovels and often mistakenly called power shovels. All movement and functions of a hydraulic excavator are accomplished through the use of hydraulic fluid, with hydraulic cylinders and hydraulic motors. Due to the linear actuation of hydraulic cylinders, their mode of operation is fundamentally different from cable-operated excavators which use winches and steel ropes to accomplish the movements.

The global Excavator market size is projected to grow from US$ 65070 million in 2024 to US$ 81870 million in 2030; it is expected to grow at a CAGR of 3.9% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Excavator Industry Forecast” looks at past sales and reviews total world Excavator sales in 2023, providing a comprehensive analysis by region and market sector of projected Excavator sales for 2024 through 2030. With Excavator sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Excavator industry.

This Insight Report provides a comprehensive analysis of the global Excavator landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Excavator portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Excavator market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Excavator and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Excavator.

Global key players of Excavator include Caterpillar, SANY, Kubota, Komatsu, XCMG, etc. The top five players hold a share about 50%. Asia-Pacific is the largest market, and has a share about 60%, followed by Middle East & Africa and Europe with share 16% and 10%, separately. In terms of product type, Large-Sized Excavator (Above 30t) is the largest segment, accounting for a share of 38%. In terms of application, Public Utilities is the largest field with a share about 41 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Excavator market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Mini Excavator (below 6t)
Small Excavator (6-15t)
Medium-Sized Excavator (15-30t)
Large-Sized Excavator (Above 30t)

Segmentation by Application:
Building/Real Estate
Public Utilities
Mining & Oil Well
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Caterpillar
Kubota
SANY
Komatsu
XCMG
Hitachi
Doosan
SDLG
Volvo
Liugong Machinery
Kobelco
John Deere
Hyundai
Zoomlion
Takeuchi
JCB
Yanmar
Sunward
Sumitomo
CASE

Key Questions Addressed in this Report

What is the 10-year outlook for the global Excavator market?

What factors are driving Excavator market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Excavator market opportunities vary by end market size?

How does Excavator break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.