Global Excavator Market Report 2024

Excavator Global Market Report 2024 – By Type( Mini/ Compact Excavator, Crawler Excavator, Wheeled Excavator, Other Type ), By Operating Weight( Up to 50K Kg, 51K to 75K Kg, 76K Kg and Above), By Mechanism Type( Electric, Hydraulic, Hybrid), By Power Range( 0-300 BHP, 300-500 BHP, 500 And Above), By End-Use Industry ( Construction, Forestry And Agriculture, Mining, Other End-Use Industry) – Market Size, Trends, And Global Forecast 2024-2033

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Excavator Market Definition And Segments

An excavator refers to construction equipment used in the construction industry to extract earth, move, or transport loose gravel, sand, or soil on a construction site. These excavators help with picking and placing, digging, landscaping, demolition, and material handling tasks.

The main types of excavators are mini/compact excavators, crawler excavators, wheeled excavators, and others. A mini/compact excavator refers to a small and lighter excavator that weighs between 0.7 and 6 tons and has a shorter swing radius superstructure that provides several advantages in urban and constrained settings. The operating weight of excavators is up to 50K kg, 51K to 75K kg, and 76K kg and above. The mechanism types of excavators are electric, hydraulic, and hybrid and have a power range of 0-300 bhp, 300-500 bhp, and 500 bhp and above. The end-users of excavators include construction, forestry and agriculture, mining, and others.

The excavator market covered in this report is segmented –

1) By Type: Mini/ Compact Excavator, Crawler Excavator, Wheeled Excavator, Other Type

2) By Operating Weight: Up to 50K Kg, 51K to 75K Kg, 76K Kg and Above

3) By Mechanism Type: Electric, Hydraulic, Hybrid

4) By Power Range: 0-300 BHP, 300-500 BHP, 500 And Above

5) By End-Use Industry: Construction, Forestry And Agriculture, Mining, Other End-Use Industry

The excavator market size has grown strongly in recent years. It will grow from $50.29 billion in 2023 to $53.22 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to earthmoving and excavation needs, construction industry growth, mining sector expansion, demolition operations, utility and pipeline installation, landscaping and grading, forestry and logging, .

The excavator market size is expected to see strong growth in the next few years. It will grow to $65.79 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to focus on operator comfort and safety, focus on sustainability, versatility in attachment compatibility, emerging market development, focus on fuel efficiency and emissions reduction. Major trends in the forecast period include technological advancements in excavator design, hybrid and electric excavators, telematics and IoT integration, autonomous and remote-controlled excavators, rental market growth, rise in compact and mini excavators.

Global Construction Boom Fuels Excavator Market Growth

The growing construction industry across the globe is contributing to the growth of the excavator market. The construction industry refers to the industrial division of production and trade that is concerned with the construction, repair, renovation, and maintenance of infrastructure. The construction industry uses an excavator as it offers advantages such as easily navigating rough terrain, being highly versatile, and being able to be transported easily and efficiently. For instance, in May 2022, according to the National Highways Authority of India report, an autonomous agency of the government of India that develops, maintains, and manages national highways, the rate of annual construction of four-, six-, and eight-lane national highways had increased by more than 300% in seven years, reaching 3,963 km during 2021–22. Therefore, the increased growth of the construction industry is anticipated to propel the excavator market growth over the coming years.

Global Trade Surge Fuels Growth In The Excavator Market

The increase in global trade is expected to boost the growth of the excavator market going forward. Global trade refers to the exchange of goods, services, and capital across international borders or territories. The rise in global trade spurs demand for excavators across port development, cargo handling, and infrastructure projects, where they play a pivotal role in facilitating the efficient movement of goods and contributing to the growth and enhancement of trade-related infrastructure. For instance, in September 2023, according to a report published by the United Nations Conference on Trade and Development, a Switzerland-based intergovernmental organization, maritime trade is anticipated to increase by 2.4% in 2023 and by more than 2% from 2024 to 2028. As pandemic constraints loosened, the oil and gas trades in the energy sector increased by 6.0% and 4.6%, respectively, in 2022. Therefore, the increase in global trade is driving the growth of the excavator market.

Major companies operating in the excavator market report are Caterpillar Inc., Hitachi Construction Machinery Co. Ltd., Hyundai Heavy Industries Co. Ltd., JCB Limited, Komatsu Limited, Terex Corporation, Volvo Construction Equipment, Liebherr Group, Kobelco Construction Machinery Co. Ltd., Sany Heavy Industries Co. Ltd., Sandvik AB, Bobcat Company, LiuGong Machinery Corporation, CNH Industrial NV, BEML Limited, Takeuchi Mfg Company Limited, Xuzhou Construction Machinery Group Co. Ltd., Doosan Infracore Co. Ltd., Wacker Neuson SE, Yanmar Holdings Co. Ltd., Atlas Copco AB, Bell Equipment Limited, Foton Lovol International Heavy Industry Co. Ltd., Guangxi LiuGong Machinery Co. Ltd., Deere & Company, Kato Works Co. Ltd., Kubota Corporation, Mahindra & Mahindra Ltd., Manitou Group, Manitowoc Company Inc., Mitsubishi Heavy Industries Ltd., Palfinger AG

Product Innovation Drives Growth In The Excavators Market

Major companies operating in the excavator market are developing innovative products such as demolition excavators to meet larger customer bases, more sales, and increase revenue. A demolition excavator refers to a specialized type of excavator designed and equipped for the purpose of demolishing structures and buildings. For instance, in February 2023, Volvo Construction Equipment, a Sweden-based manufacturer of construction equipment, launched the EC300E Straight Boom demolition excavator. Distinguishing itself in the Volvo CE demolition lineup, the EC300E Straight Boom crawler excavator stands out alongside the EC380E Straight Boom model. Deviating from the conventional boom-and-stick configuration seen in digging-centric excavators, this crawler features a purpose-built arm paired with an impressive 23-foot-long straight boom. The extended length of the straight boom provides remarkable height and reaches advantages compared to its standard counterparts. Ensuring operator safety, the cab is fortified against falling debris with a frame-mounted Falling Objects Guard while maintaining clear visibility of the worksite. The roof window and front one-piece glass, constructed from impact-resistant P5A, further contribute to the excavator's resilience in demanding demolition environments.

Innovative Advancements Drive Growth Of The Excavators Market

Major companies operating in the excavator market are developing innovative products such as mini excavators to meet larger customer bases, more sales, and increase revenue. Mini excavators, also known as compact excavators or mini diggers, refer to small-sized hydraulic excavators designed for versatile and precise digging and excavation tasks in confined spaces. For instance, in June 2023, Kubota Corporation, a Japan-based machinery company, launched the 8.5-ton mini-excavator. The unique feature of the new mini-excavator includes the option to be equipped with a two-piece boom, providing an expanded working range, impressive dumping capabilities, and increased efficiency in narrow spaces. Additionally, the innovative hydraulic mechanism allows operators to effortlessly control the arm, boom, bucket, and swivel simultaneously, enhancing work efficiency and overall productivity.

CNH Industrial N.V. Acquired Sampierana

In August 2021, CNH Industrial N.V., a UK-based capital goods company engaged in manufacturing agricultural machinery and construction equipment, acquired Sampierana for $151 million. The acquisition was aimed at enhancing CNH Industrial N.V.'s offering in the construction sector and gaining in-house capabilities, control over the value chain, and market share opportunities. Sampierana is an Italian-based company that develops and manufactures earthmoving machines, undercarriages, and parts.

Asia-Pacific was the largest region in the excavator market in 2023. The regions covered in the excavator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the excavator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The excavator market consists of sales of heavy excavators, dragline excavators, and backhoe and suction excavators. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The excavator market research report is one of a series of new reports from The Business Research Company that provides excavator market statistics, including excavator industry global market size, regional shares, competitors with an excavator market share, detailed excavator market segments, market trends and opportunities, and any further data you may need to thrive in the excavator industry. This excavator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

    Table Of Contents

    1. Executive Summary

    2. Excavator  Market Characteristics

    3. Excavator  Market Trends And Strategies

    4. Excavator  Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On the Market

    4.2. Ukraine-Russia War Impact On the Market

    4.3. COVID-19 Impact On the Market

    5. Global Excavator  Market Size and Growth

    5.1. Global Excavator  Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Excavator  Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Excavator  Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Excavator  Market Segmentation

    6.1. Global Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Mini/ Compact Excavator

    Crawler Excavator

    Wheeled Excavator

    Other Type  

    6.2. Global Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Upto 50K Kg

    51K to 75K Kg

    76K Kg and Above

    6.3. Global Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Construction

    Forestry And Agriculture  

    Mining  

    Other End-Use Industry

    7. Excavator  Market Regional And Country Analysis

    7.1. Global Excavator  Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Excavator  Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Excavator  Market  

    8.1. Asia-Pacific Excavator  Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Excavator  Market  

    9.1. China Excavator  Market Overview  

    9.2. China Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Excavator  Market  

    10.1. India Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Excavator  Market  

    11.1. Japan Excavator  Market Overview  

    11.2. Japan Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Excavator  Market  

    12.1. Australia Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Excavator  Market  

    13.1. Indonesia Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Excavator  Market  

    14.1. South Korea Excavator  Market Overview  

    14.2. South Korea Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Excavator  Market  

    15.1. Western Europe Excavator  Market Overview

    15.2. Western Europe Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Excavator  Market  

    16.1. UK Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Excavator  Market  

    17.1. Germany Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Excavator  Market  

    18.5. France Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.6. France Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.7. France Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Excavator  Market  

    19.9. Italy Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.10. Italy Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.11. Italy Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Excavator  Market  

    20.13. Spain Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.14. Spain Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.15. Spain Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Excavator  Market  

    21.1. Eastern Europe Excavator  Market Overview

    21.2. Eastern Europe Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Excavator  Market  

    22.1. Russia Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Excavator  Market  

    23.1. North America Excavator  Market Overview

    23.2. North America Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Excavator  Market  

    24.1. USA Excavator  Market Overview

    24.2. USA Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Excavator  Market  

    25.1. Canada Excavator  Market Overview

    25.2. Canada Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Excavator  Market  

    26.1. South America Excavator  Market Overview

    26.2. South America Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Excavator  Market  

    27.1. Brazil Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Excavator  Market  

    28.1. Middle East Excavator  Market Overview

    28.2. Middle East Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Excavator  Market  

    29.1. Africa Excavator  Market Overview

    29.2. Africa Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Excavator  Market Competitive Landscape And Company Profiles

    30.1. Excavator  Market Competitive Landscape

    30.2. Excavator  Market Company Profiles

    30.2.1. Caterpillar Inc.

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Hitachi Construction Machinery Co. Ltd.

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Hyundai Heavy Industries Co. Ltd.

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. JCB Limited

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Komatsu Limited

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Global Excavator  Market Competitive Benchmarking

    32. Global Excavator  Market Competitive Dashboard

    33. Key Mergers And Acquisitions In The Excavator  Market

    34. Excavator  Market Future Outlook and Potential Analysis

    34.1 Excavator  Market In 2028 - Countries Offering Most New Opportunities

    34.2 Excavator  Market In 2028 - Segments Offering Most New Opportunities

    34.3 Excavator  Market In 2028 - Growth Strategies

    34.3.1 Market Trend Based Strategies

    34.3.2 Competitor Strategies

    35. Appendix

    35.1. Abbreviations

    35.2. Currencies

    35.3. Historic And Forecast Inflation Rates

    35.4. Research Inquiries

    35.5. The Business Research Company

    35.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Excavator  Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Excavator  Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Caterpillar Inc. Financial Performance
  • Table 75: Hitachi Construction Machinery Co. Ltd. Financial Performance
  • Table 76: Hyundai Heavy Industries Co. Ltd. Financial Performance
  • Table 77: JCB Limited Financial Performance
  • Table 78: Komatsu Limited Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Excavator  Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Excavator  Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Excavator  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Excavator  Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Excavator  Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Caterpillar Inc. Financial Performance
  • Figure 75: Hitachi Construction Machinery Co. Ltd. Financial Performance
  • Figure 76: Hyundai Heavy Industries Co. Ltd. Financial Performance
  • Figure 77: JCB Limited Financial Performance
  • Figure 78: Komatsu Limited Financial Performance
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Frequently Asked Questions

What is the definition of the excavator market?

An excavator refers to construction equipment used in the construction industry to extract earth, move, or transport loose gravel, sand, or soil on a construction site. These excavators help with picking and placing, digging, landscaping, demolition, and material handling tasks. For further insights on the excavator market, request a sample here

How will the excavator market drivers and restraints affect the excavator market dynamics? What forces will shape the excavator industry going forward?

The excavator market major growth driver - global construction boom fuels excavator market growth. For further insights on the excavator market, request a sample here

What is the forecast market size or the forecast market value of the excavator market ?

The excavator market size has grown strongly in recent years. It will grow from $50.29 billion in 2023 to $53.22 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to earthmoving and excavation needs, construction industry growth, mining sector expansion, demolition operations, utility and pipeline installation, landscaping and grading, forestry and logging, . The excavator market size is expected to see strong growth in the next few years. It will grow to $65.79 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to focus on operator comfort and safety, focus on sustainability, versatility in attachment compatibility, emerging market development, focus on fuel efficiency and emissions reduction. Major trends in the forecast period include technological advancements in excavator design, hybrid and electric excavators, telematics and iot integration, autonomous and remote-controlled excavators, rental market growth, , rise in compact and mini excavators. For further insights on the excavator market, request a sample here

How is the excavator market segmented?

The excavator market is segmentedThe excavator market covered in this report is segmented –
1) By Type: Mini/ Compact Excavator, Crawler Excavator, Wheeled Excavator, Other Type
2) By Operating Weight: Upto 50K Kg, 51K to 75K Kg, 76K Kg and Above
3) By Mechanism Type: Electric, Hydraulic, Hybrid
4) By Power Range: 0-300 BHP, 300-500 BHP, 500 And Above
5) By End-Use Industry : Construction, Forestry And Agriculture , Mining , Other End-Use IndustryFor further insights on the excavator market,
request a sample here

Which region has the largest share of the excavator market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the excavator market in 2023. The regions covered in the excavator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the excavator market, request a sample here.

Who are the major players in the excavator market?

Major companies operating in the excavator market report are Caterpillar Inc., Hitachi Construction Machinery Co. Ltd., Hyundai Heavy Industries Co. Ltd., JCB Limited, Komatsu Limited, Terex Corporation, Volvo Construction Equipment, Liebherr Group, Kobelco Construction Machinery Co. Ltd., Sany Heavy Industries Co. Ltd., Sandvik AB, Bobcat Company, LiuGong Machinery Corporation, CNH Industrial NV, BEML Limited, Takeuchi Mfg Company Limited, Xuzhou Construction Machinery Group Co. Ltd., Doosan Infracore Co. Ltd., Wacker Neuson SE, Yanmar Holdings Co. Ltd., Atlas Copco AB, Bell Equipment Limited, Foton Lovol International Heavy Industry Co. Ltd., Guangxi LiuGong Machinery Co. Ltd., Deere & Company, Kato Works Co. Ltd., Kubota Corporation, Mahindra & Mahindra Ltd., Manitou Group, Manitowoc Company Inc., Mitsubishi Heavy Industries Ltd., Palfinger AG For further insights on the excavator market, request a sample here.

What are the key trends in the excavator market?

Major trend in the excavator market - product innovation drives growth in the excavators market. For further insights on the excavator market, request a sample here.

What are the major opportunities in the excavator market? What are the strategies for the excavator market?

For detailed insights on the major opportunities and strategies in the excavator market, request a sample here.

How does the excavator market relate to the overall economy and other similar markets?

For detailed insights on excavator market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the excavator industry?

For detailed insights on the mergers and acquisitions in the excavator industry, request a sample here.

What are the key dynamics influencing the excavator market growth? SWOT analysis of the excavator market.

For detailed insights on the key dynamics influencing the excavator market growth and SWOT analysis of the excavator industry, request a sample here.