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Excavator Market 2023 - Business Overview, New Share, Trends Analysis, And Forecast To 2032 | Caterpillar Inc., Hitachi Construction Machinery Company Limited, Hyundai Heavy Industries Company Limited
Excavator Market
The Business Research Company's Excavator Global Market Report 2023 identifies the growing construction industry across the globe is contributing to the growth of the excavator market. The construction industry uses an excavator as it offers advantages such as easily navigating rough terrain, being highly versatile, and being able to be transported easily and efficiently.
The global excavator market size is expected to grow from $47.74 billion in 2022 to $50.14 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The excavator market size is expected to grow to $59.98 billion in 2027 at a CAGR of 4.6%.
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Major competitors in the excavator market are Caterpillar Inc., Hitachi Construction Machinery Company Limited, Hyundai Heavy Industries Company Limited, JCB Limited, Komatsu Limited, Volvo Construction Equipment, Liebherr Group, Kobelco Construction Machinery Company Limited, Sany Heavy Industries Company Limited, Sandvik AB, Bobcat Company, LiuGong Machinery Corporation, CNH Industrial NV, BEML Limited, and Takeuchi Mfg. Company Limited.
The adoption of technologically equipped excavators is gaining significant popularity in the excavator market. Major market players are concentrating their efforts on implementing new technological modifications to gain a competitive edge in the market.
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The excavator market is segmented -
• By Type: Mini/ Compact Excavator, Crawler Excavator, Wheeled Excavator, Other Type
• By Operating Weight: Upto 50K Kg, 51K to 75K Kg, 76K Kg and Above
• By Mechanism Type: Electric, Hydraulic, or Hybrid
• By Power Range: 0-300 BHP, 300-500 BHP, and 500 And Above
• By End-Use Industry: Construction, Forestry And Agriculture, Mining and Other End-Use Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the excavator market.
The Business Research Company's "Global Excavator Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Excavator Market Include:
1. Excavator Market Executive Summary
2. Excavator Market Segments
3. Excavator Market Size And Excavator Market Growth Rate
4. Key Excavator Market Trends
5. Major Excavator Market Drivers
……
25. Key Mergers And Acquisitions In The Excavator Market
26. Top Excavator Companies
27. Excavator Market Opportunities And Strategies
28. Excavator Market, Conclusions And Recommendations
29. Appendix
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