Press release
Hydro Excavators Market is market is set to witness a surge in demand and predicted to grow significantly by 2028 - Valuates Reports.
Hydro Excavators are heavy Construction Machinery consisting of a boom, dipper (or stick), bucket and cab on a rotating platform known as the "house". The house sits atop an undercarriage with tracks or wheels. They are a natural progression from the steam shovels and often mistakenly called power shovels. All movement and functions of a Hydro excavator are accomplished through the use of hydraulic fluid, with hydraulic cylinders and hydraulic motors. Due to the linear actuation of hydraulic cylinders, their mode of operation is fundamentally different from cable-operated excavators which use winches and steel ropes to accomplish the movements.The global Hydro Excavators market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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Asia-Pacific market for Hydro Excavators is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Hydro Excavators include Caterpillar, Kubota, SANY, Komatsu, XCMG, Hitachi, Doosan, SDLG and Volvo, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Hydro Excavators, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hydro Excavators.
The Hydro Excavators market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Hydro Excavators market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Hydro Excavators manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
Key Segmentations
By Company
-Caterpillar
-Kubota
-SANY
-Komatsu
-XCMG
-Hitachi
-Doosan
-SDLG
-Volvo
-Liugong Machinery
-Kobelco
-John Deere
-Hyundai
-Zoomlion
-Takeuchi
-JCB
-Yanmar
-Sunward
-Sumitomo
-CASE
-Hi-Vac Corporation
Segment by Type
-Mini Excavator (below 6t)
-Small Excavator (6-15t)
-Medium-Sized Excavator (15-30t)
-Large-Sized Excavator (Above 30t)
Segment by Application
-Building/Real Estate
-Public Utilities
-Mining & Oil well
-Others
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