Market Overview:
The global excavator equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for excavators in various applications such as building and real estate, public utilities, mining and oil wells, among others. Additionally, the growing construction industry across the globe is also fueling the demand for excavators.
Product Definition:
Excavator equipment is a type of heavy machinery that is used to excavate or move large quantities of earth, rocks, and other materials. Excavators are often used in construction projects to clear away dirt and debris, dig trenches and holes, and move large objects. They can also be used for landscaping purposes, such as creating ponds or leveling ground.
Mini Excavators:
Mini excavators are used for small scale excavation and ground moving work. They are compact in size, have low operating costs and can be operated by a single person without any training.
Small Excavators:
Small excavators are compact construction equipment that is used for excavation, typically in the ground surface. The market for small excavators is expected to grow at a CAGR of XX% from 2016 to 2024.
Application Insights:
The application segment is segregated into building/real estate, public utilities, mining and oil well and others. The building/real estate segment accounted for a major share in 2016. This can be attributed to the growing construction industry across various regions coupled with increasing demand for construction equipment such as mini excavators, small excavators and medium-sized excavators.
The growth of the mining sector has been fueling demand for heavy machinery such as large-sized diesel engines in opencast mines across various regions including Latin America and Asia Pacific over the recent past years. However, low commodity prices are expected to have a negative impact on miners' business operations thereby affecting excavation equipment sales over the forecast period.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing region owing to the increasing demand for construction equipment in emerging economies, such as China and India. The growing need for public infrastructure in these countries is expected to drive the market over the forecast period. Furthermore, favorable government initiatives regarding infrastructural development are projected to boost product penetration rates across this region.
The European market accounted for a significant share of global revenue and is expected to grow at a CAGR of XX% from 2018 to 2030 owing high demand from several major industries including mining & oil well, building & construction, transportation & logistics among others. In addition, stringent regulations about safety standards in excavator operations are likely contribute toward regional growth over the next eight years.
In North America also known as U S A Excavators Equipment Market has been witnessing steady growth since past few years on account of increasing investments by prominent players towards R&D activities.
Growth Factors:
- Increasing demand for excavator equipment from the construction and infrastructure sectors.
- Rising demand for mini excavators in the residential and commercial construction sectors.
- Growing use of excavator equipment in mining and quarrying applications.
- Increasing adoption of hydraulic excavators in landscaping and gardening applications.
- Proliferation of rental services for excavator equipment to meet the needs of small-scale contractors
Scope Of The Report
Report Attributes
Report Details
Report Title
Excavator Equipment Market Research Report
By Type
Mini Excavators, Small Excavators, Medium-Sized Excavators, Large-sized Excavators
By Application
Building/Real Estate, Public Utilities, Mining & Oil Well
By Companies
Honeywell, CAT, Komatsu, Doosan, Hyundai, Hitachi, Kobelco, Sumitomo, John Deere, Case Construction, Kubota, JCB, SANY, Zoomlion, Liugong Group, Sunward
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Excavator Equipment Market Report Segments:
The global Excavator Equipment market is segmented on the basis of:
Types
Mini Excavators, Small Excavators, Medium-Sized Excavators, Large-sized Excavators
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Building/Real Estate, Public Utilities, Mining & Oil Well
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell
- CAT
- Komatsu
- Doosan
- Hyundai
- Hitachi
- Kobelco
- Sumitomo
- John Deere
- Case Construction
- Kubota
- JCB
- SANY
- Zoomlion
- Liugong Group
- Sunward
Highlights of The Excavator Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mini Excavators
- Small Excavators
- Medium-Sized Excavators
- Large-sized Excavators
- By Application:
- Building/Real Estate
- Public Utilities
- Mining & Oil Well
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Excavator Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Excavator equipment is a machine that is used to move and remove earth, rock, or other material from the ground.
Some of the key players operating in the excavator equipment market are Honeywell, CAT, Komatsu, Doosan, Hyundai, Hitachi, Kobelco, Sumitomo, John Deere, Case Construction, Kubota, JCB, SANY, Zoomlion, Liugong Group, Sunward.
The excavator equipment market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Excavator Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Excavator Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Excavator Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Excavator Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Excavator Equipment Market Size & Forecast, 2020-2028
4.5.1 Excavator Equipment Market Size and Y-o-Y Growth
4.5.2 Excavator Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Mini Excavators
5.2.2 Small Excavators
5.2.3 Medium-Sized Excavators
5.2.4 Large-sized Excavators
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Building/Real Estate
6.2.2 Public Utilities
6.2.3 Mining & Oil Well
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Excavator Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Excavator Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Mini Excavators
9.6.2 Small Excavators
9.6.3 Medium-Sized Excavators
9.6.4 Large-sized Excavators
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Building/Real Estate
9.10.2 Public Utilities
9.10.3 Mining & Oil Well
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Mini Excavators
10.6.2 Small Excavators
10.6.3 Medium-Sized Excavators
10.6.4 Large-sized Excavators
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Building/Real Estate
10.10.2 Public Utilities
10.10.3 Mining & Oil Well
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Mini Excavators
11.6.2 Small Excavators
11.6.3 Medium-Sized Excavators
11.6.4 Large-sized Excavators
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Building/Real Estate
11.10.2 Public Utilities
11.10.3 Mining & Oil Well
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Mini Excavators
12.6.2 Small Excavators
12.6.3 Medium-Sized Excavators
12.6.4 Large-sized Excavators
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Building/Real Estate
12.10.2 Public Utilities
12.10.3 Mining & Oil Well
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Mini Excavators
13.6.2 Small Excavators
13.6.3 Medium-Sized Excavators
13.6.4 Large-sized Excavators
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Building/Real Estate
13.10.2 Public Utilities
13.10.3 Mining & Oil Well
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Excavator Equipment Market: Competitive Dashboard
14.2 Global Excavator Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 CAT
14.3.3 Komatsu
14.3.4 Doosan
14.3.5 Hyundai
14.3.6 Hitachi
14.3.7 Kobelco
14.3.8 Sumitomo
14.3.9 John Deere
14.3.10 Case Construction
14.3.11 Kubota
14.3.12 JCB
14.3.13 SANY
14.3.14 Zoomlion
14.3.15 Liugong Group
14.3.16 Sunward
