Excavator Market Size, Share, Analysis and Forecast 2022-27 The IMARC Group provides extensive analysis of the excavator industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on excavator market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.
Informed covered in the report:
- Historical market data from 2016-2021
- CAGR of the market during the forecast period 2022-2027
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the Keyword market size and its contribution to the parent market
- Upcoming market trends and changes in consumer behavior
- A thorough analysis of the market’s competitive landscape and detailed information on key players
- Comprehensive details of factors that will challenge the growth of smart meters market key players
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The global excavator market is expected to exhibit a CAGR of XX% during 2022-2027. An excavator refers to a type of heavy construction equipment used for digging excavations and trenching purposes. It is also adopted for drilling holes, foundations, dredging rivers, demolitions, material handling, lifting heavy objects, etc. These operations utilize hydraulic force generated by a hydraulic motor with an electric, diesel, or petrol engine. In comparison to conventionally used machines, modern excavators facilitate safer movements and enhanced maneuverability. As a result, these are used globally in large-scale residential and commercial construction, development of roads and ports, mining projects, etc.
Excavator Market Trends:
The growing construction industry is one of the primary factors propelling the market growth for excavators. Moreover, the rising adoption of automated excavators for minimizing labor costs and remote tracking of operations is also augmenting the global market. Furthermore, ongoing product innovations, such as the integration of fuel cell-based electric motors for powering excavators, are positively influencing the market growth. Various other factors, including the emergence of equipment rental services and expanding infrastructural development projects undertaken by the government bodies across several nations, will further continue to drive the market over the forecasted period. Looking forward, IMARC Group expects the global excavator market to continue its robust growth during the forecast period (2022-2027).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- 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.
- Volvo Construction Equipment AB.
Market Segmentation:
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)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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