Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Hybrid Power Excavators Market by Type (Hydraulic-based Hybrid Excavators, Electric-based Hybrid Excavators), By Application (Mining, Road Building, Construction, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Hybrid Power Excavators Market by Type (Hydraulic-based Hybrid Excavators, Electric-based Hybrid Excavators), By Application (Mining, Road Building, Construction, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 158736 3300 Machinery & Equipment 377 232 Pages 4.6 (30)

Market Overview:

The global hybrid power excavators 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 electric-based hybrid excavators, owing to their low emissions and fuel efficiency as compared to hydraulic-based hybrid excavators. Additionally, the growing construction and mining industries are also expected to drive the demand for hybrid power excavators in the coming years. The global market for hybrid power excavators is segmented on the basis of type, application, and region. On the basis of type, it is divided into hydraulic-based hybrids and electric-based hybrids. The hydraulic-based hybrids segment dominatedthe global market in 2017and is projectedto maintain its lead duringthe forecast period dueto their high efficiencyand performance as compared torelectric- basedhybrids .

Global Hybrid Power Excavators Industry Outlook

Product Definition:

A hybrid power excavator is an excavator that uses a combination of electric and diesel engines to power the hydraulic system. The electric engine powers the hydraulic system when the machine is traveling slowly or stopped, and the diesel engine powers the system when traveling at higher speeds. This allows for better fuel economy and reduced emissions. Hybrid power excavators are becoming more common as construction companies seek to reduce their environmental impact.

Hydraulic-based Hybrid Excavators:

Hybrid power excavators are a combination of diesel and electric machines. The hydraulic system of hybrid power excavators is used to increase the digging force when needed, which significantly reduces fuel consumption and increases operating efficiency. Hydraulic-based hybrid Excavator has high torque capacity that helps in easy movement of heavy loads on the ground surface.

The global hydraulic-based hybrid Excavator demand was valued at USD 1,48,000 thousand in 2015.

Electric-based Hybrid Excavators:

Electric-based hybrid excavators are a type of electric power-driven equipment used in the construction industry. The prime advantage offered by these Excavators is that they can work like a diesel engine equipped Excavator without any problems such as exhaust emissions and noise. In addition, it has an added benefit of using electricity for operating the equipment at low speeds while working on soft soils or areas with no surface access.

Application Insights:

The construction application segment accounted for the largest revenue share of over 30% in 2017. The growth is attributed to the increasing number of infrastructure projects across the globe. For instance, as per a study by Dezan Shira Consulting, Inc., around 585 billion USD worth construction activities were carried out globally in 2016 and this figure is expected to grow at a rate of around 8% from 2017 to 2018. This growth can be attributed to increased investments by governments in infrastructural development across various regions including Asia Pacific and Middle East & Africa.

Mining was estimated as the second-largest application segment with a significant market share in 2017 due largely to rising demand for coal and other minerals such as gold, silver and uranium among others across various regions including North America and Europe among others.

Regional Analysis:

Asia Pacific is anticipated to be the fastest-growing region over the forecast period owing to increasing demand for construction and mining equipment in countries such as China, India, Japan, South Korea, and Australia. The regional market is also driven by a rise in government initiatives pertaining to infrastructure development. For instance, China has initiated massive investments in its transport sector including railways and roads under the One Belt One Road (OBOR) initiative. This will create growth opportunities for hybrid power excavators across Asia Pacific over the next eight years.

Growth Factors:

  • Increasing demand for hybrid power excavators from the construction and mining industries as a result of the growing awareness of their benefits over traditional diesel-powered excavators.
  • The increasing popularity of electric vehicles (EVs) is expected to drive the demand for hybrid power excavators, as they are powered by both electricity and gasoline/diesel engines.
  • Stringent emissions regulations being implemented by various governments across the globe are encouraging construction and mining companies to adopt hybrid power excavators, which emit lower levels of pollutants than traditional diesel-powered machines.
  • The increasing focus on energy efficiency and sustainability is also propelling the adoption of hybrid power excavators in various end-use industries such as construction and mining.
  • Growing investments in research & development (R&D) activities aimed at developing more efficient and advanced hybrids systems is likely to spur market growth over the forecast period

Scope Of The Report

Report Attributes

Report Details

Report Title

Hybrid Power Excavators Market Research Report

By Type

Hydraulic-based Hybrid Excavators, Electric-based Hybrid Excavators

By Application

Mining, Road Building, Construction, Other

By Companies

Caterpillar/Cat, Komatsu, Hitachi, Kobelco, Takeuchi, Hyundai Heavy Industries, Sumitomo, Sunward

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Hybrid Power Excavators Market Report Segments:

The global Hybrid Power Excavators market is segmented on the basis of:


Hydraulic-based Hybrid Excavators, Electric-based Hybrid 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.


Mining, Road Building, Construction, Other

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:

  1. Caterpillar/Cat
  2. Komatsu
  3. Hitachi
  4. Kobelco
  5. Takeuchi
  6. Hyundai Heavy Industries
  7. Sumitomo
  8. Sunward

Global Hybrid Power Excavators Market Overview

Highlights of The Hybrid Power Excavators Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Hydraulic-based Hybrid Excavators
    2. Electric-based Hybrid Excavators
  1. By Application:

    1. Mining
    2. Road Building
    3. Construction
    4. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Hybrid Power Excavators 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:

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Global Hybrid Power Excavators Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Hybrid power excavators are a type of machine that combines the power and efficiency of an electric motor with the strength and durability of a diesel engine. This makes them ideal for use in difficult terrain, where either engine would be difficult or impossible to operate.

Some of the major players in the hybrid power excavators market are Caterpillar/Cat, Komatsu, Hitachi, Kobelco, Takeuchi, Hyundai Heavy Industries, Sumitomo, Sunward.

The hybrid power excavators market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Hybrid Power Excavators Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Hybrid Power Excavators Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Hybrid Power Excavators Market - Supply Chain
   4.5. Global Hybrid Power Excavators Market Forecast
      4.5.1. Hybrid Power Excavators Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Hybrid Power Excavators Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Hybrid Power Excavators Market Absolute $ Opportunity

5. Global Hybrid Power Excavators Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Hybrid Power Excavators Market Size and Volume Forecast by Type
      5.3.1. Hydraulic-based Hybrid Excavators
      5.3.2. Electric-based Hybrid Excavators
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Hybrid Power Excavators Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Hybrid Power Excavators Market Size and Volume Forecast by Application
      6.3.1. Mining
      6.3.2. Road Building
      6.3.3. Construction
      6.3.4. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Hybrid Power Excavators Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Hybrid Power Excavators Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Hybrid Power Excavators Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Hybrid Power Excavators Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Hybrid Power Excavators Demand Share Forecast, 2019-2026

9. North America Hybrid Power Excavators Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Hybrid Power Excavators Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Hybrid Power Excavators Market Size and Volume Forecast by Application
      9.4.1. Mining
      9.4.2. Road Building
      9.4.3. Construction
      9.4.4. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Hybrid Power Excavators Market Size and Volume Forecast by Type
      9.7.1. Hydraulic-based Hybrid Excavators
      9.7.2. Electric-based Hybrid Excavators
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Hybrid Power Excavators Demand Share Forecast, 2019-2026

10. Latin America Hybrid Power Excavators Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Hybrid Power Excavators Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Hybrid Power Excavators Market Size and Volume Forecast by Application
      10.4.1. Mining
      10.4.2. Road Building
      10.4.3. Construction
      10.4.4. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Hybrid Power Excavators Market Size and Volume Forecast by Type
      10.7.1. Hydraulic-based Hybrid Excavators
      10.7.2. Electric-based Hybrid Excavators
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Hybrid Power Excavators Demand Share Forecast, 2019-2026

11. Europe Hybrid Power Excavators Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Hybrid Power Excavators Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Hybrid Power Excavators Market Size and Volume Forecast by Application
      11.4.1. Mining
      11.4.2. Road Building
      11.4.3. Construction
      11.4.4. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Hybrid Power Excavators Market Size and Volume Forecast by Type
      11.7.1. Hydraulic-based Hybrid Excavators
      11.7.2. Electric-based Hybrid Excavators
   11.8. Basis Pont Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Hybrid Power Excavators Demand Share, 2019-2026

12. Asia Pacific Hybrid Power Excavators Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Hybrid Power Excavators Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Hybrid Power Excavators Market Size and Volume Forecast by Application
      12.4.1. Mining
      12.4.2. Road Building
      12.4.3. Construction
      12.4.4. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Hybrid Power Excavators Market Size and Volume Forecast by Type
      12.7.1. Hydraulic-based Hybrid Excavators
      12.7.2. Electric-based Hybrid Excavators
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Hybrid Power Excavators Demand Share, 2019-2026

13. Middle East & Africa Hybrid Power Excavators Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Hybrid Power Excavators Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Hybrid Power Excavators Market Size and Volume Forecast by Application
      13.4.1. Mining
      13.4.2. Road Building
      13.4.3. Construction
      13.4.4. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Hybrid Power Excavators Market Size and Volume Forecast by Type
      13.7.1. Hydraulic-based Hybrid Excavators
      13.7.2. Electric-based Hybrid Excavators
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Hybrid Power Excavators Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Hybrid Power Excavators Market: Market Share Analysis
   14.2. Hybrid Power Excavators Distributors and Customers
   14.3. Hybrid Power Excavators Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Caterpillar/Cat Overview Financials Developments Strategic Outlook
      14.4.2. Komatsu Overview Financials Developments Strategic Outlook
      14.4.3. Hitachi Overview Financials Developments Strategic Outlook
      14.4.4. Kobelco Overview Financials Developments Strategic Outlook
      14.4.5. Takeuchi Overview Financials Developments Strategic Outlook
      14.4.6. Hyundai Heavy Industries Overview Financials Developments Strategic Outlook
      14.4.7. Sumitomo Overview Financials Developments Strategic Outlook
      14.4.8. Sunward Overview Financials Developments Strategic Outlook
      14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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