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 .
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
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:
Types
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.
Applications
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:
- Caterpillar/Cat
- Komatsu
- Hitachi
- Kobelco
- Takeuchi
- Hyundai Heavy Industries
- Sumitomo
- Sunward
Highlights of The Hybrid Power Excavators 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:
- Hydraulic-based Hybrid Excavators
- Electric-based Hybrid Excavators
- By Application:
- Mining
- Road Building
- Construction
- Other
- 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 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.
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- Correctly Positioning New Products
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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?
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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Komatsu
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hitachi
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kobelco
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Takeuchi
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hyundai Heavy Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sumitomo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sunward
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
