Excavator Market Size, Share And Analysis By Product Mini/Compact, Crawler, Wheeled and Heavy To 2027

 The latest report by IMARC Group, titled “Excavator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

Market Overview:

The global excavator market size reached a value of US$ 69.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 156.5 Billion by 2027, exhibiting a growth rate (CAGR) of 14.4% during 2022-2027.

Excavators are heavy construction equipment used for digging, trenching, demolitions, material handling, and lifting heavy objects. They are typically equipped with a rear/back actor, sippers, an undercarriage, a digging bucket, and a cabin on a rotating platform. Excavators employ a complex design mechanism that keeps the counterweights inside the track width during swinging, thus improving safety and maneuverability. Moreover, these machines are powered by hydraulic motors, which generate hydraulic force and control the mechanical arm of the device.

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Note: We are in the process of updating our reports. If you want to receive the latest research data covering the period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

Excavator Market Trends:

The global excavator market is fueled by the burgeoning construction sector, wherein it is employed to easily and effectively power tasks such as digging, earthmoving, breaking asphalt, moving dug debris from one place to another, loading, and leveling the area. This is further bolstered by the growing demand for automated excavators to minimize labor costs and enable remote tracking of operations. Moreover, governments of various countries are investing heavily in infrastructural development, such as roads, bridges, and ports, which is providing an impetus to the market growth. Apart from this, rapid technological advancements in product development, such as fuel cell-based electric motors, to improve the efficiency and productivity of excavators and the significantly expanding mining industry are other growth-inducing factors. Apart from this, rising demand for maintenance and repair services, the development of eco-friendly excavators, and the surging focus on reducing carbon emissions and promoting sustainable practices in the construction industry are accelerating the market growth.

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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Competitive Landscape with Key Players:

The report has also analysed the competitive landscape of the market with some of the 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.

Key Market Segmentation:

The report has categorized the market based on product, mechanism type, power range and application.

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, South Africa, Others)

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2391&flag=C

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.

Related Reports by IMARC Group:

Functional Shots Market Report

India Acetic Acid Market Report

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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