The global excavator market size reached 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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. An excavator refers to a kind of heavy construction equipment that is used for digging excavations and trenching purposes. It is also used for digging holes, foundations, demolitions, dredging rivers, material handling and lifting heavy objects. It uses hydraulic motors powered by an electric, diesel or petrol engine to generate hydraulic force and control the mechanical arm of the machine. The machine consists of a rear/back actor, sipper, undercarriage, digging bucket and a cabin on a rotating platform. In comparison to the traditionally used machines, modern excavators are designed to keep the counterweights inside the track width during swinging, thereby keeping the movement safe and enhancing the maneuverability. Significant growth in the construction industry is one of the key factors creating a positive outlook for the market. Excavators are mostly used in large-scale residential and commercial construction, development of roads and ports and mining projects across the globe. Furthermore, the widespread adoption of automated excavators is also driving the market growth. These excavators aid in minimizing labor costs and facilitate remote tracking of operations. Additionally, various product innovations, such as the utilization of fuel cell-based electric motors to power excavators, are acting as other growth-inducing factors. In comparison to a diesel engine, fuel cells are lighter and more efficient, thereby increasing the cabin space for the operator and improving the overall productivity of the machine. Other factors, including the advent of equipment rental services, along with extensive infrastructural development undertaken by the governments of various nations, are expected to drive the market further. Key Market Segmentation: IMARC Group provides an analysis of the key trends in each sub-segment of the global excavator market report, along with forecasts at the global, regional and country level from 2022-2027. Our 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 Asia Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa Competitive Landscape: The report has also analysed the competitive landscape of the market with some of the key players being 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. and Volvo Construction Equipment AB. Key Questions Answered in This Report: How has the global excavator market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global excavator market? What are the key regional markets? What is the breakup of the market based on the product? What is the breakup of the market based on the mechanism type? What is the breakup of the market based on the power range? What is the breakup of the market based on the application? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global excavator market and who are the key players? What is the degree of competition in the industry?

1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Excavator Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Product 6.1 Mini/Compact 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Crawler 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Wheeled 6.3.1 Market Trends 6.3.2 Market Forecast 6.4 Heavy 6.4.1 Market Trends 6.4.2 Market Forecast 7 Market Breakup by Mechanism Type 7.1 Electric 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Hydraulic 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Hybrid 7.3.1 Market Trends 7.3.2 Market Forecast 8 Market Breakup by Power Range 8.1 Upto 300 HP 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 301-500 HP 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 501 HP and Above 8.3.1 Market Trends 8.3.2 Market Forecast 9 Market Breakup by Application 9.1 Mining 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Construction 9.2.1 Market Trends 9.2.2 Market Forecast 9.3 Waste Management 9.3.1 Market Trends 9.3.2 Market Forecast 9.4 Others 9.4.1 Market Trends 9.4.2 Market Forecast 10 Market Breakup by Region 10.1 North America 10.1.1 United States 10.1.1.1 Market Trends 10.1.1.2 Market Forecast 10.1.2 Canada 10.1.2.1 Market Trends 10.1.2.2 Market Forecast 10.2 Asia Pacific 10.2.1 China 10.2.1.1 Market Trends 10.2.1.2 Market Forecast 10.2.2 Japan 10.2.2.1 Market Trends 10.2.2.2 Market Forecast 10.2.3 India 10.2.3.1 Market Trends 10.2.3.2 Market Forecast 10.2.4 South Korea 10.2.4.1 Market Trends 10.2.4.2 Market Forecast 10.2.5 Australia 10.2.5.1 Market Trends 10.2.5.2 Market Forecast 10.2.6 Indonesia 10.2.6.1 Market Trends 10.2.6.2 Market Forecast 10.2.7 Others 10.2.7.1 Market Trends 10.2.7.2 Market Forecast 10.3 Europe 10.3.1 Germany 10.3.1.1 Market Trends 10.3.1.2 Market Forecast 10.3.2 France 10.3.2.1 Market Trends 10.3.2.2 Market Forecast 10.3.3 United Kingdom 10.3.3.1 Market Trends 10.3.3.2 Market Forecast 10.3.4 Italy 10.3.4.1 Market Trends 10.3.4.2 Market Forecast 10.3.5 Spain 10.3.5.1 Market Trends 10.3.5.2 Market Forecast 10.3.6 Russia 10.3.6.1 Market Trends 10.3.6.2 Market Forecast 10.3.7 Others 10.3.7.1 Market Trends 10.3.7.2 Market Forecast 10.4 Latin America 10.4.1 Brazil 10.4.1.1 Market Trends 10.4.1.2 Market Forecast 10.4.2 Mexico 10.4.2.1 Market Trends 10.4.2.2 Market Forecast 10.4.3 Others 10.4.3.1 Market Trends 10.4.3.2 Market Forecast 10.5 Middle East and Africa 10.5.1 Market Trends 10.5.2 Market Breakup by Country 10.5.3 Market Forecast 11 SWOT Analysis 11.1 Overview 11.2 Strengths 11.3 Weaknesses 11.4 Opportunities 11.5 Threats 12 Value Chain Analysis 13 Porters Five Forces Analysis 13.1 Overview 13.2 Bargaining Power of Buyers 13.3 Bargaining Power of Suppliers 13.4 Degree of Competition 13.5 Threat of New Entrants 13.6 Threat of Substitutes 14 Price Analysis 15 Competitive Landscape 15.1 Market Structure 15.2 Key Players 15.3 Profiles of Key Players 15.3.1 Caterpillar Inc 15.3.1.1 Company Overview 15.3.1.2 Product Portfolio 15.3.1.3 Financials 15.3.1.4 SWOT Analysis 15.3.2 CNH Industrial N.V 15.3.2.1 Company Overview 15.3.2.2 Product Portfolio 15.3.2.3 Financials 15.3.2.4 SWOT Analysis 15.3.3 Doosan Corporation 15.3.3.1 Company Overview 15.3.3.2 Product Portfolio 15.3.3.3 Financials 15.3.4 Hitachi Construction Machinery Co., Ltd 15.3.4.1 Company Overview 15.3.4.2 Product Portfolio 15.3.4.3 Financials 15.3.4.4 SWOT Analysis 15.3.5 Hyundai Heavy Industries Ltd 15.3.5.1 Company Overview 15.3.5.2 Product Portfolio 15.3.6 John Deere 15.3.6.1 Company Overview 15.3.6.2 Product Portfolio 15.3.7 Joseph Cyril Bamford Excavators Ltd 15.3.7.1 Company Overview 15.3.7.2 Product Portfolio 15.3.8 Kobelco Construction Machinery Co. Ltd 15.3.8.1 Company Overview 15.3.8.2 Product Portfolio 15.3.9 Komatsu Ltd 15.3.9.1 Company Overview 15.3.9.2 Product Portfolio 15.3.9.3 Financials 15.3.9.4 SWOT Analysis 15.3.10 Liebherr Group 15.3.10.1 Company Overview 15.3.10.2 Product Portfolio 15.3.11 Sany Heavy Industries Co. Ltd 15.3.11.1 Company Overview 15.3.11.2 Product Portfolio 15.3.12 Terex Corporation 15.3.12.1 Company Overview 15.3.12.2 Product Portfolio 15.3.13 Yanmar Construction Equipment Co., Ltd 15.3.13.1 Company Overview 15.3.13.2 Product Portfolio 15.3.14 Volvo Construction Equipment AB 15.3.14.1 Company Overview 15.3.14.2 Product Portfolio 15.3.14.3 Financials 15.3.14.4 SWOT Analysis