An excavator is a construction vehicle used to dig or move large objects. It is made up of two parts: a driving base and a powerful boom arm with an attachment designed for digging. The operator sits inside a small cab attached to the base and controls the arm.
The global excavators market is expected to grow in future due to increasing urbanization, rising construction expenditure, and improving economy. Key trends of this market include high demand in the fuel-efficient excavator, rapid technological advancements, use of IoT in construction, increasing demand from the rental market and rising adoption for other applications. However, there are some factors which can hinder the market growth including stringent emission norms and high maintenance of hydraulic excavators.
According to this study, over the next five years the Excavator market will register a 2.2% CAGR in terms of revenue, the global market size will reach US$ 33700 million by 2024, from US$ 29500 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Excavator business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Excavator market by product type, application, key manufacturers and key regions and countries.
This study considers the Excavator value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Mini Excavator
Small Excavator
Medium-sized Excavator
Large-sized Excavator
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Building/Real Estate
Public Utilities
Mining & Oil Well
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
CAT
Komatsu
Doosan
Volvo
Hyundai
Hitachi
Kobelco
Sumitomo
John Deere
Case Construction
Kubota
JCB
SANY
Zoomlion
Liugong Group
Sunward
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Excavator consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Excavator market by identifying its various subsegments.
Focuses on the key global Excavator manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Excavator with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Excavator submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Excavator . Industry analysis & Market Report on Excavator is a syndicated market report, published as Global Excavator Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Excavator market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.