Global Excavator Bucket Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Excavator Bucket Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Excavator buckets are digging attachments with teeth that can be fixed to the arm of an excavator. The buckets are controlled by the excavator operator using controls in the cabin. There are different types of excavator buckets that are used depending on where the digging has to be done.

Excavator buckets can also be used to move dirt or load dump trucks for transportation to dumping sites. Excavators are used in conventional trenching methods for laying pipelines and also used for digging trial pits for geotechnical investigation.

Market Overview:

The latest research study on the global Excavator Bucket market finds that the global Excavator Bucket market reached a value of USD 2093.17 million in 2022. It’s expected that the market will achieve USD 2861.21 million by 2028, exhibiting a CAGR of 5.35% during the forecast period.

The impact of COVID-19 on the excavator bucket market

The COVID-19 outbreak has brought multiple challenges to excavator bucket manufacturers. Due to restricted construction activities, scarce labor, and fluctuating demand for excavator buckets, this impact will be far-reaching and long-lasting. The blockade of production facilities further hinders the growth of the excavator bucket accessory market
The spread of the coronavirus has led to a lockdown to contain the spread of the virus. This led to a disruption in the supply chain and affected the growth of the excavator bucket market. The cancellation of various mining projects during the blockade also severely hindered market growth.

Features to improve durability and reduce wear

Most construction projects benefit from excavator bucket. The excavator bucket will increase productivity by reducing the number of passes required by the tool. Improve the durability of the excavator bucket and reduce wear functions, such as the wear strips that protect the sides and back of the bucket, and the side cutter that protects the cutting edge of the bucket and improves the penetration. This is one of the development directions of the excavator bucket market.

Growth in rental market demand

For a long time, leasing of excavator equipment has been a large-scale business in the United Kingdom, the United States and some European countries. Facts have proved that for some excavator bucket manufacturers, leasing is an important department, not only an important source of customers, but also a work department. The emerging economies of Brazil, Russia, India, China and South Africa have potential leasing markets as construction activities, and the industrial development of these countries continues to grow.
Financial constraints, strict regulations, and increasing ownership costs make leasing an attractive option for many contractors and other users. The ability of leasing organizations to customize equipment and financial-related bundles to solve the specific problems of individual customers will drive market growth in the coming years.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Caterpillar is one of the major players operating in the Excavator Bucket market, holding a share of 47.86% in 2023.

Caterpillar

Caterpillar is a heavy industrial equipment manufacturing company headquartered in Deerfield, Illinois, USA. Its main products include agricultural, construction and mining engineering machinery and diesel engines, natural gas engines and gas turbine engines. Caterpillar is one of the world's largest manufacturers of construction, mining equipment, diesel, natural gas engines, and industrial steam turbines.

Sany Heavy Industry Co., Ltd.

Sany Heavy Industry Co., Ltd. manufactures and distributes construction machineries. The Company produces concrete machineries, excavators, crawler cranes, truck cranes, pile driving machineries, road construction machineries, port machineries, and wind turbines. SANY also exports its products.

Segmentation Overview:

By type, 6 Inches to 24 Inches segment accounted for the largest share of market in 2022.

Application Overview:

By application, the 21-30 Tons segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Excavator Bucket market covered in Chapter 3:

Kinshofer
Hitachi Construction Machinery
Sany Heavy Industry Co., Ltd.
ARDEN Equipment
Mantovanibenne
JCB Materials Handling
Liebherr
Volvo
Werk-Brau
Cukurova
Geith International
Doosan
Paladin
Caterpillar
Kubota
Nye Manufacturing Ltd.
Brandt
Komatsu
Empire Bucket
Rockland
Hensley Industries
TAG Manufacturing

In Chapter 4 and Chapter 14.2, on the basis of types, the Excavator Bucket market from 2018 to 2029 is primarily split into:

6 Inches to 24 Inches
24 Inches to 36 Inches
36 Inches to 60 Inches
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Excavator Bucket market from 2018 to 2029 covers:
<11 Tons
11-20 Tons
21-30 Tons
31-40 Tons
41-60 Tons
61-80 Tons
>80 Tons

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)