PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449401
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449401
Asia Pacific Excavator Market Share, Size, Trends, Industry Analysis Report, By Product Type (Mini, Heavy, Wheeled, Crawler, Long Reach, Backhoe); By Application Type; By Country; Segment Forecast, 2024 - 2032
The Asia Pacific excavator market size is expected to reach USD 34.64 Billion by 2032, according to a new study by Polaris Market Research. The report "Asia Pacific Excavator Market Share, Size, Trends, Industry Analysis Report, By Product Type (Mini, Heavy, Wheeled, Crawler, Long Reach, Backhoe); By Application Type; By Country; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The excavator market in the Asia Pacific region is a significant part of the global construction equipment industry. Countries like China, Japan, India, and South Korea hold a substantial share of this market. The demand for excavators in this region is driven by infrastructure development projects, rapid urbanization, and growing mining activities. The trend in the market is moving towards more environment-friendly and technologically advanced machines. Manufacturers are introducing electric and hybrid excavators, which offer improved fuel efficiency and reduced emissions. Advancements in automation and robotics are enabling the development of autonomous excavators that can improve safety and productivity on job sites.
However, certain factors hinder the market's growth, such as the COVID-19 pandemic, which resulted in a decline in construction activity, reducing the demand for excavators. Another factor that hampers the market's growth is the high cost of ownership and maintenance of excavators, which acts as a barrier for small and medium-sized construction companies.
The growth of the rental market has had a significant impact on the sales of excavators in the Asia Pacific region, owing to the increase in demand for construction and infrastructure development projects. This trend has resulted in a rise in the demand for excavators in the region, with heavy equipment leasing becoming more popular than purchasing. In the highly competitive market, several notable players are vying for market share. Leading manufacturers such as Caterpillar, Komatsu, Hitachi Construction Machinery, and Volvo CE are dominating the excavator market in the Asia Pacific region.
Asia Pacific Excavator Market Report Highlights
In 2023, the market saw a significant revenue share in the crawler excavator segment, which was primarily due to its high demand in several applications, such as mining, construction, and infrastructure development.
The increased infrastructure development and construction activities in countries such as India, China, and Indonesia led to the dominance of the construction segment in the market in 2023.
Japan emerged as the dominant market in the Asia Pacific excavator market. The country's robust construction industry and high demand for various national development projects for roads, airports, and railways are the major factors driving the growth of the excavator market in Japan.
The key market players include Caterpillar Inc., CNH Global NV, Doosan Group, Escorts Group, Hitachi Construction Equipments Co. Ltd., Hyundai Heavy Industries., Kobelco Construction Machinery., Komatsu Limited., Liebherr-International AG, Manitou Group, Mitsubishi, Sany Group., Sumitomo Heavy Industries Ltd, Volvo Construction Equipment AB, XCMG Group, etc.
Polaris Market Research has segmented the Asia Pacific excavator market report based on product type, application type, and country:
Asia Pacific Excavator, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Mini
- Heavy
- Wheeled
- Crawler
- Long Reach
- Backhoe
Asia Pacific Excavator, Application Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Construction
- Mining
- Waste Management
Asia Pacific Excavator, Country Outlook (Revenue - USD Billion, 2019 - 2032)
- China
- India
- Malaysia
- Japan
- Indonesia
- South Korea
- Australia
- Rest of Asia Pacific
Table of Contents
1.Introduction
- 1.1.Report Description
- 1.1.1.Objectives of the Study
- 1.1.2.Market Scope
- 1.1.3.Assumptions
- 1.2.Stakeholders
2.Executive Summary
- 2.1.Market Highlights
3.Research Methodology
- 3.1.Overview
- 3.1.1.Data Mining
- 3.2.Data Sources
- 3.2.1.Primary Sources
- 3.2.2.Secondary Sources
4.Asia Pacific Excavator Market Insights
- 4.1.Asia Pacific Excavator Market - Industry Snapshot
- 4.2.Asia Pacific Excavator Market Dynamics
- 4.2.1.Drivers and Opportunities
- 4.2.1.1.Growth in the rental market fuels the sales of excavators in the Asia Pacific region
- 4.2.1.2.The increasing infrastructure development projects, rapid urbanization, and growing mining activities drive market growth
- 4.2.2.Restraints and Challenges
- 4.2.2.1.The high cost of ownership and maintenance of excavators hinders market growth
- 4.2.1.Drivers and Opportunities
- 4.3.Porter's Five Forces Analysis
- 4.3.1.Bargaining Power of Suppliers (Moderate)
- 4.3.2.Threats of New Entrants: (Low)
- 4.3.3.Bargaining Power of Buyers (Moderate)
- 4.3.4.Threat of Substitute (Moderate)
- 4.3.5.Rivalry among existing firms (High)
- 4.4.PESTLE Analysis
- 4.5.Asia Pacific Excavator Industry trends
- 4.6.Value Chain Analysis
- 4.7.COVID-19 Impact Analysis
5.Asia Pacific Excavator Market, by Product Type
- 5.1.Key Findings
- 5.2.Introduction
- 5.2.1.Asia Pacific Excavator, by Product Type, 2018-2030 (USD Billion)
- 5.3.Mini
- 5.3.1.Asia Pacific Excavator Market, by Mini, 2018-2030 (USD Billion)
- 5.4.Heavy
- 5.4.1.Asia Pacific Excavator Market, by Heavy, 2018-2030 (USD Billion)
- 5.5.Wheeled
- 5.5.1.Asia Pacific Excavator Market, by Wheeled, 2018-2030 (USD Billion)
- 5.6.Crawler
- 5.6.1.Asia Pacific Excavator Market, by Crawler, 2018-2030 (USD Billion)
- 5.7.Long Reach
- 5.7.1.Asia Pacific Excavator Market, by Long Reach, 2018-2030 (USD Billion)
- 5.8.Backhoe
- 5.8.1.Asia Pacific Excavator Market, by Backhoe, 2018-2030 (USD Billion)
6.Asia Pacific Excavator Market, by Application Type
- 6.1.Key Findings
- 6.2.Introduction
- 6.2.1.Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- 6.3.Construction
- 6.3.1.Asia Pacific Excavator Market, by Construction, 2018-2030 (USD Billion)
- 6.4.Mining
- 6.4.1.Asia Pacific Excavator Market, by Mining, 2018-2030 (USD Billion)
- 6.5.Waste Management
- 6.5.1.Asia Pacific Excavator Market, by Waste Management, 2018-2030 (USD Billion)
7.Asia Pacific Excavator Market, by Countries
- 7.1.Key findings
- 7.2.Introduction
- 7.2.1.Asia Pacific Excavator Market Assessment, By Countries, 2018-2030 (USD Billion)
- 7.2.2.Asia Pacific Excavator Market - China
- 7.2.2.1.China: Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- 7.2.2.2.China: Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
- 7.2.2.3.China: Asia Pacific Excavator Market, by End-Use, 2018-2030 (USD Billion)
- 7.2.3.Asia Pacific Excavator Market - India
- 7.2.3.1.India.: Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- 7.2.3.2.India.: Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
- 7.2.3.3.India.: Asia Pacific Excavator Market, by End-Use, 2018-2030 (USD Billion)
- 7.2.4.Asia Pacific Excavator Market - Malaysia
- 7.2.4.1.Malaysia: Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- 7.2.4.2.Malaysia: Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
- 7.2.4.3.Malaysia: Asia Pacific Excavator Market, by End-Use, 2018-2030 (USD Billion)
- 7.2.5.Asia Pacific Excavator Market - Japan
- 7.2.5.1.Japan: Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- 7.2.5.2.Japan: Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
- 7.2.5.3.Japan: Asia Pacific Excavator Market, by End-Use, 2018-2030 (USD Billion)
- 7.2.6.Asia Pacific Excavator Market - Indonesia
- 7.2.6.1.Indonesia: Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- 7.2.6.2.Indonesia: Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
- 7.2.6.3.Indonesia: Asia Pacific Excavator Market, by End-Use, 2018-2030 (USD Billion)
- 7.2.7.Asia Pacific Excavator Market - South Korea
- 7.2.7.1.South Korea: Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- 7.2.7.2.South Korea: Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
- 7.2.7.3.South Korea: Asia Pacific Excavator Market, by End-Use, 2018-2030 (USD Billion)
- 7.2.8.Asia Pacific Excavator Market - Australia
- 7.2.8.1.Australia: Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- 7.2.8.2.Australia: Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
- 7.2.8.3.Australia: Asia Pacific Excavator Market, by End-Use, 2018-2030 (USD Billion)
- 7.2.9.Asia Pacific Excavator Market - Rest of Asia Pacific
- 7.2.9.1.Rest of Asia Pacific: Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- 7.2.9.2.Rest of Asia Pacific: Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
- 7.2.9.3.Rest of Asia Pacific: Asia Pacific Excavator Market, by End-Use, 2018-2030 (USD Billion)
8.Competitive Landscape
- 8.1.Expansion and Acquisition Analysis
- 8.1.1.Expansion
- 8.1.2.Acquisitions
- 8.2.Partnerships/Collaborations/Agreements/Exhibitions
9.Company Profiles
- 9.1.Caterpillar Inc.
- 9.1.1.Company Overview
- 9.1.2.Financial Performance
- 9.1.3.Product Type Benchmarking
- 9.1.4.Recent Development
- 9.2.CNH Global NV
- 9.2.1.Company Overview
- 9.2.2.Financial Performance
- 9.2.3.Product Type Benchmarking
- 9.2.4.Recent Development
- 9.3.Doosan Group
- 9.3.1.Company Overview
- 9.3.2.Financial Performance
- 9.3.3.Product Type Benchmarking
- 9.3.4.Recent Development
- 9.4.Escorts Group
- 9.4.1.Company Overview
- 9.4.2.Financial Performance
- 9.4.3.Product Type Benchmarking
- 9.4.4.Recent Development
- 9.5.Hitachi Construction Equipments Co. Ltd
- 9.5.1.Company Overview
- 9.5.2.Financial Performance
- 9.5.3.Product Type Benchmarking
- 9.5.4.Recent Development
- 9.6.Hyundai Heavy Industries
- 9.6.1.Company Overview
- 9.6.2.Financial Performance
- 9.6.3.Product Type Benchmarking
- 9.6.4.Recent Development
- 9.7.Kobelco Construction Machinery
- 9.7.1.Company Overview
- 9.7.2.Financial Performance
- 9.7.3.Product Type Benchmarking
- 9.7.4.Recent Development
- 9.8.Komatsu Limited.
- 9.8.1.Company Overview
- 9.8.2.Financial Performance
- 9.8.3.Product Type Benchmarking
- 9.8.4.Recent Development
- 9.9.Liebherr-International AG
- 9.9.1.Company Overview
- 9.9.2.Financial Performance
- 9.9.3.Product Type Benchmarking
- 9.9.4.Recent Development
- 9.10.Manitou Group
- 9.10.1.Company Overview
- 9.10.2.Financial Performance
- 9.10.3.Product Type Benchmarking
- 9.10.4.Recent Development
- 9.11.Mitsubishi
- 9.11.1.Company Overview
- 9.11.2.Financial Performance
- 9.11.3.Product Type Benchmarking
- 9.11.4.Recent Development
- 9.12.Sany Group.
- 9.12.1.Company Overview
- 9.12.2.Financial Performance
- 9.12.3.Product Type Benchmarking
- 9.12.4.Recent Development
- 9.13.Sumitomo Heavy Industries Ltd
- 9.13.1.Company Overview
- 9.13.2.Financial Performance
- 9.13.3.Product Type Benchmarking
- 9.13.4.Recent Development
- 9.14.Volvo Construction Equipment AB
- 9.14.1.Company Overview
- 9.14.2.Financial Performance
- 9.14.3.Product Type Benchmarking
- 9.14.4.Recent Development
- 9.15.XCMG Group
- 9.15.1.Company Overview
- 9.15.2.Financial Performance
- 9.15.3.Product Type Benchmarking
- 9.15.4.Recent Development
List of Tables
- Table 1 Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- Table 2 Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
- Table 4 Asia Pacific Excavator Market Assessment, By Countries, 2018-2030 (USD Billion)
- Table 5 China: Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- Table 6 China: Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
- Table 7 India.: Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- Table 8 India.: Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
- Table 9 Malaysia: Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- Table 10 Malaysia: Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
- Table 11 Japan: Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- Table 12 Japan: Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
- Table 13 Indonesia: Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- Table 14 Indonesia: Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
- Table 15 China: Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- Table 16 China: Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
- Table 17 South Korea: Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- Table 18 South Korea: Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
- Table 19 Australia: Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- Table 20 Australia: Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
- Table 21 Rest of Asia Pacific: Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- Table 22 Rest of Asia Pacific: Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
- Table 23 Austria: Asia Pacific Excavator Market, by Application Type, 2018-2030 (USD Billion)
- Table 24 Austria: Asia Pacific Excavator Market, by Product Type, 2018-2030 (USD Billion)
List of Figures
- Figure 1 Asia Pacific Excavator Market, 2018-2030 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Countries
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application Type
- Figure 7 Asia Pacific Excavator Market, by Application Type, 2021 & 2030 (USD Billion)
- Figure 8 Market by Product Type
- Figure 9 Asia Pacific Excavator Market, by Product Type, 2021 & 2030 (USD Billion)
- Figure 10 Asia Pacific Excavator Market Assessment, By Countries, 2018-2030 (USD Billion)
- Figure 11 Strategic Analysis - Asia Pacific Excavator Market
