Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Excavator, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Excavator. This report contains market size and forecasts of Excavator in global, including the following market information:
Global Excavator Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Excavator Market Sales, 2018-2023, 2024-2029, (Units)
Global top five Excavator companies in 2022 (%)
The global Excavator market was valued at US$ 61470 million in 2022 and is projected to reach US$ 78720 million by 2029, at a CAGR of 3.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global main manufacturers of excavator include Caterpillar, SANY and Kubota, etc. The top three players hold a share about 36%. Asia-Pacific is the largest market, has a share about 62%, followed by Europe, with share 10%.
We surveyed the Excavator manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Excavator Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Excavator Market Segment Percentages, by Type, 2022 (%)
Mini Excavator (Below 6t)
Small Excavator (6-15t)
Medium-Sized Excavator (15-30t)
Large-Sized Excavator (Above 30t)
Global Excavator Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Excavator Market Segment Percentages, by Application, 2022 (%)
Building/Real Estate
Public Utilities
Mining and Oil Well
Others
Global Excavator Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Excavator Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Excavator revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Excavator revenues share in global market, 2022 (%)
Key companies Excavator sales in global market, 2018-2023 (Estimated), (Units)
Key companies Excavator sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Caterpillar
Kubota
SANY
Komatsu
XCMG
Hitachi
Doosan
SDLG
Volvo
Liugong Machinery
Kobelco
John Deere
Hyundai
Zoomlion
Takeuchi
JCB
Yanmar
Sunward
Sumitomo
CASE
Outline of Major Chapters:
Chapter 1: Introduces the definition of Excavator, market overview.
Chapter 2: Global Excavator market size in revenue and volume.
Chapter 3: Detailed analysis of Excavator manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Excavator in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Excavator capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
