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PUBLISHER: IMARC | PRODUCT CODE: 1370376
PUBLISHER: IMARC | PRODUCT CODE: 1370376
Excavator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 146 Pages
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Abstract
Market Overview:
The global excavator market size reached US$ 80.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 177.7 Billion by 2028, exhibiting a growth rate (CAGR) of 14% during 2023-2028.
An excavator refers to a kind of heavy construction equipment that is used for digging excavations and trenching purposes. It is also used for digging holes, foundations, demolitions, dredging rivers, material handling and lifting heavy objects. It uses hydraulic motors powered by an electric, diesel or petrol engine to generate hydraulic force and control the mechanical arm of the machine. The machine consists of a rear/back actor, sipper, undercarriage, digging bucket and a cabin on a rotating platform. In comparison to the traditionally used machines, modern excavators are designed to keep the counterweights inside the track width during swinging, thereby keeping the movement safe and enhancing the maneuverability.
Significant growth in the construction industry is one of the key factors creating a positive outlook for the market. Excavators are mostly used in large-scale residential and commercial construction, development of roads and ports and mining projects across the globe. Furthermore, the widespread adoption of automated excavators is also driving the market growth. These excavators aid in minimizing labor costs and facilitate remote tracking of operations. Additionally, various product innovations, such as the utilization of fuel cell-based electric motors to power excavators, are acting as other growth-inducing factors. In comparison to a diesel engine, fuel cells are lighter and more efficient, thereby increasing the cabin space for the operator and improving the overall productivity of the machine. Other factors, including the advent of equipment rental services, along with extensive infrastructural development undertaken by the governments of various nations, are expected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global excavator market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, mechanism type, power range and application.
Breakup by Product:
Mini/Compact
Crawler
Wheeled
Heavy
Breakup by Mechanism Type:
Electric
Hydraulic
Hybrid
Breakup by Power Range:
Upto 300 HP
301-500 HP
501 HP and Above
Breakup by Application:
Mining
Construction
Waste Management
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Caterpillar Inc., CNH Industrial N.V., Doosan Corporation, Hitachi Construction Machinery Co. Ltd., Hyundai Heavy Industries Ltd., John Deere, Joseph Cyril Bamford Excavators Ltd., Kobelco Construction Machinery Co. Ltd., Komatsu Ltd., Liebherr Group, Sany Heavy Industries Co. Ltd., Terex Corporation, Yanmar Construction Equipment Co. Ltd. and Volvo Construction Equipment AB.
Key Questions Answered in This Report:
- How has the global excavator market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global excavator market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the mechanism type?
- What is the breakup of the market based on the power range?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global excavator market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A2391
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Excavator Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Mini/Compact
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Crawler
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Wheeled
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Heavy
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Mechanism Type
- 7.1 Electric
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Hydraulic
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Hybrid
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Power Range
- 8.1 Upto 300 HP
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 301-500 HP
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 501 HP and Above
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Application
- 9.1 Mining
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Construction
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Waste Management
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Others
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Caterpillar Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 CNH Industrial N.V.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 Doosan Corporation
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.4 Hitachi Construction Machinery Co., Ltd.
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 Hyundai Heavy Industries Ltd
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 John Deere
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Joseph Cyril Bamford Excavators Ltd.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Kobelco Construction Machinery Co. Ltd.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Komatsu Ltd.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Liebherr Group
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Sany Heavy Industries Co. Ltd.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.12 Terex Corporation
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.13 Yanmar Construction Equipment Co., Ltd.
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.14 Volvo Construction Equipment AB
- 15.3.14.1 Company Overview
- 15.3.14.2 Product Portfolio
- 15.3.14.3 Financials
- 15.3.14.4 SWOT Analysis
- 15.3.1 Caterpillar Inc.
Product Code: SR112023A2391
List of Figures
- Figure 1: Global: Excavator Market: Major Drivers and Challenges
- Figure 2: Global: Excavator Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Excavator Market: Breakup by Product (in %), 2022
- Figure 4: Global: Excavator Market: Breakup by Mechanism Type (in %), 2022
- Figure 5: Global: Excavator Market: Breakup by Power Range (in %), 2022
- Figure 6: Global: Excavator Market: Breakup by Application (in %), 2022
- Figure 7: Global: Excavator Market: Breakup by Region (in %), 2022
- Figure 8: Global: Excavator Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 9: Global: Excavator (Mini/Compact) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Excavator (Mini/Compact) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Excavator (Crawler) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Excavator (Crawler) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Excavator (Wheeled) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Excavator (Wheeled) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Excavator (Heavy) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Excavator (Heavy) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Excavator (Electric) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Excavator (Electric) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Excavator (Hydraulic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Excavator (Hydraulic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Excavator (Hybrid) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Excavator (Hybrid) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Excavator (Upto 300 HP) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Excavator (Upto 300 HP) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Excavator (301-500 HP) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Excavator (301-500 HP) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Excavator (501 HP and Above) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Excavator (501 HP and Above) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Excavator (Mining) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Excavator (Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Excavator (Construction) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Excavator (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Excavator (Waste Management) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Excavator (Waste Management) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Excavator (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Excavator (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: North America: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: North America: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: United States: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: United States: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Canada: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Canada: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Asia Pacific: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Asia Pacific: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: China: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: China: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Japan: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Japan: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: India: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: India: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: South Korea: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: South Korea: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Australia: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Australia: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Indonesia: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Indonesia: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Others: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Others: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Europe: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Europe: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Germany: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Germany: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: France: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: France: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: United Kingdom: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: United Kingdom: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Italy: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Italy: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Spain: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Spain: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Russia: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Russia: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Others: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Others: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Latin America: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Latin America: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Brazil: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Brazil: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Mexico: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Mexico: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Others: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Others: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Middle East and Africa: Excavator Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Middle East and Africa: Excavator Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Global: Excavator Industry: SWOT Analysis
- Figure 86: Global: Excavator Industry: Value Chain Analysis
- Figure 87: Global: Excavator Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Excavator Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Excavator Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 3: Global: Excavator Market Forecast: Breakup by Mechanism Type (in Million US$), 2023-2028
- Table 4: Global: Excavator Market Forecast: Breakup by Power Range (in Million US$), 2023-2028
- Table 5: Global: Excavator Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 6: Global: Excavator Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Excavator Market Structure
- Table 8: Global: Excavator Market: Key Players
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