Excavator Market worth USD 70,650.6 million | Recent Trends, In-depth Analysis, Size and Forecast To 2030

The global excavators market size was valued at USD 70,650.6 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. Due to increased investments in the construction sector, particularly in growing nations like India, China, and South Korea, the Excavator industry has experienced significant growth. Excavators are pieces of hydraulic machinery with an arm-mounted bucket and an undercarriage. Global demand for excavators has increased as a result of an increase in the number of major road, port, mining, oil and gas construction projects. Another significant driving force for the excavator industry is the concept of excavator rentals, which allows manufacturers and operators to use the machinery to its fullest potential without having to make significant capital commitments.

Global Excavator Market 2022 published by Global Market Vision, starts with market description, executive report, segmentation, and classification. The report offers a comprehensive analysis of the market so that readers can be guided about future opportunities and high-profit areas of the industry. The report provides a detailed analysis of the market structure considering the current market landscape, Leading Industry Share, upcoming market trends, leading market players, product type, application, and region.

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The major players targeting the market include :
Atlas Copco, Doosan, CAT, Komatsu, Doosan, Volvo, Hyundai, Hitachi, Kobelco, Sumitomo, John Deere, Case Construction, Kubota, JCB, SANY, Zoomlion, Liugong Group, Sunward.

Development policies and plans are discussed, and manufacturing processes and industry chain structures are analyzed. This report also gives the import/export, supply, and consumption figures, as well as manufacturing costs and global revenues, and gross margin by region. Numerical data is backed up with statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, and PESTLE analysis. Statistics are presented in graphical form to provide a clear understanding of the facts and figures.

Scope of the Report
This research report categorizes the Excavator market on the basis of different applications of Excavator, geographical analysis, forecasting revenues, and analyzing trends in the Excavator market.

Rising investment in smart city projects to drive the product demand
The excavators demand from the construction sector is poised to reach around USD 29 billion by 2030. There is an increasing number of smart infrastructure projects initiated in the developing nations, backed by substantial government funding. Strong investments made by consumers in the real estate sector and rising disposable income will foster the need for superior hydraulic excavators in construction.

For instance, in September 2022, the U.S. Trade & Development Agency offered a technical assistance grant to the Digital Economy Promotion Agency (DEPA) of Thailand. The grant was provided to boost smart city projects and IT infrastructure in the country.

Market, By Product
• Mini/Compact
• Medium
• Large

Market, By Type
• Wheel
• Crawler

Market, By Application
• Construction
• Forestry & agriculture
• Mining
• Rental

Market, By Bucket Capacity
• Below 3 m3
• 3-6 m3
• Above 6 m3

On the basis of geography
The Excavator report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
• North America (USA and Canada)
• Europe (UK, Germany, France and the rest of Europe)
• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico, and the rest of Latin America)
• Middle East and Africa (GCC and rest of the Middle East and Africa)
We have also focused on technological lead, profitability, company size, company valuation in relation to the industry and analysis of products and applications in relation to market growth and market share.

Report Methodology:
The information enclosed in this report is based upon both primary and secondary research methodologies. Primary research methodology includes the interaction with service providers, suppliers, and industry professionals. Secondary research methodology includes a meticulous search of pertinent publications like company annual reports, financial reports, and exclusive databases.

The report provides insights on the following pointers:
• Market Penetration: Provides comprehensive information on the market offered by the key players
• Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
• Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
• Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
• Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

Table of Content (TOC):
Chapter 1 Introduction and Overview
Chapter 2 Industry Cost Structure and Economic Impact
Chapter 3 Rising Trends and New Technologies with Major key players
Chapter 4 Global Excavator Market Analysis, Trends, Growth Factor
Chapter 5 Excavator Market Application and Business with Potential Analysis
Chapter 6 Global Excavator Market Segment, Type, Application
Chapter 7 Global Excavator Market Analysis (by Application, Type, End User)
Chapter 8 Major Key Vendors Analysis of Excavator Market
Chapter 9 Development Trend of Analysis
Chapter 10 Conclusion

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NOTE: Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 analysis of markets and industries. Cordially get in touch for more details.

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