Abstract
Summary
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 hydraulic 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.
LPI (LP Information)' newest research report, the “Excavator Industry Forecast” looks at past sales and reviews total world Excavator sales in 2022, providing a comprehensive analysis by region and market sector of projected Excavator sales for 2023 through 2029. With Excavator sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Excavator industry.
This Insight Report provides a comprehensive analysis of the global Excavator landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Excavator portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Excavator market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Excavator and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Excavator.
The global Excavator market size is projected to grow from US$ 58440 million in 2022 to US$ 76390 million in 2029; it is expected to grow at a CAGR of 76390 from 2023 to 2029.
Global main manufacturers of excavator include Caterpillar, SANY and Kubota, etc. The top three players hold a share about 36%. Asia-Pacific is the largest market, has a share about 62%, followed by Europe, with share 10%.
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.
Market Segmentation:
Segmentation by type
Mini Excavator (Below 6t)
Small Excavator (6-15t)
Medium-Sized Excavator (15-30t)
Large-Sized Excavator (Above 30t)
Segmentation by application
Building/Real Estate
Public Utilities
Mining and Oil Well
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Caterpillar
Kubota
SANY
Komatsu
XCMG
Hitachi
Doosan
SDLG
Volvo
Liugong Machinery
Kobelco
John Deere
Hyundai
Zoomlion
Takeuchi
JCB
Yanmar
Sunward
Sumitomo
CASE
Key Questions Addressed in this Report
What is the 10-year outlook for the global Excavator market?
What factors are driving Excavator market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Excavator market opportunities vary by end market size?
How does Excavator break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
LPI (LP Information)' newest research report, the “Excavator Industry Forecast” looks at past sales and reviews total world Excavator sales in 2022, providing a comprehensive analysis by region and market sector of projected Excavator sales for 2023 through 2029. With Excavator sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Excavator industry.
This Insight Report provides a comprehensive analysis of the global Excavator landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Excavator portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Excavator market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Excavator and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Excavator.
The global Excavator market size is projected to grow from US$ 58440 million in 2022 to US$ 76390 million in 2029; it is expected to grow at a CAGR of 76390 from 2023 to 2029.
Global main manufacturers of excavator include Caterpillar, SANY and Kubota, etc. The top three players hold a share about 36%. Asia-Pacific is the largest market, has a share about 62%, followed by Europe, with share 10%.
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.
Market Segmentation:
Segmentation by type
Mini Excavator (Below 6t)
Small Excavator (6-15t)
Medium-Sized Excavator (15-30t)
Large-Sized Excavator (Above 30t)
Segmentation by application
Building/Real Estate
Public Utilities
Mining and Oil Well
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Caterpillar
Kubota
SANY
Komatsu
XCMG
Hitachi
Doosan
SDLG
Volvo
Liugong Machinery
Kobelco
John Deere
Hyundai
Zoomlion
Takeuchi
JCB
Yanmar
Sunward
Sumitomo
CASE
Key Questions Addressed in this Report
What is the 10-year outlook for the global Excavator market?
What factors are driving Excavator market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Excavator market opportunities vary by end market size?
How does Excavator break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Excavator Annual Sales 2018-2029
2.1.2 World Current & Future Analysis for Excavator by Geographic Region, 2018, 2022 & 2029
2.1.3 World Current & Future Analysis for Excavator by Country/Region, 2018, 2022 & 2029
2.2 Excavator Segment by Type
2.2.1 Mini Excavator (Below 6t)
2.2.2 Small Excavator (6-15t)
2.2.3 Medium-Sized Excavator (15-30t)
2.2.4 Large-Sized Excavator (Above 30t)
2.3 Excavator Sales by Type
2.3.1 Global Excavator Sales Market Share by Type (2018-2023)
2.3.2 Global Excavator Revenue and Market Share by Type (2018-2023)
2.3.3 Global Excavator Sale Price by Type (2018-2023)
2.4 Excavator Segment by Application
2.4.1 Building/Real Estate
2.4.2 Public Utilities
2.4.3 Mining and Oil Well
2.4.4 Others
2.5 Excavator Sales by Application
2.5.1 Global Excavator Sale Market Share by Application (2018-2023)
2.5.2 Global Excavator Revenue and Market Share by Application (2018-2023)
2.5.3 Global Excavator Sale Price by Application (2018-2023)
3 Global Excavator by Company
3.1 Global Excavator Breakdown Data by Company
3.1.1 Global Excavator Annual Sales by Company (2018-2023)
3.1.2 Global Excavator Sales Market Share by Company (2018-2023)
3.2 Global Excavator Annual Revenue by Company (2018-2023)
3.2.1 Global Excavator Revenue by Company (2018-2023)
3.2.2 Global Excavator Revenue Market Share by Company (2018-2023)
3.3 Global Excavator Sale Price by Company
3.4 Key Manufacturers Excavator Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Excavator Product Location Distribution
3.4.2 Players Excavator Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Excavator by Geographic Region
4.1 World Historic Excavator Market Size by Geographic Region (2018-2023)
4.1.1 Global Excavator Annual Sales by Geographic Region (2018-2023)
4.1.2 Global Excavator Annual Revenue by Geographic Region (2018-2023)
4.2 World Historic Excavator Market Size by Country/Region (2018-2023)
4.2.1 Global Excavator Annual Sales by Country/Region (2018-2023)
4.2.2 Global Excavator Annual Revenue by Country/Region (2018-2023)
4.3 Americas Excavator Sales Growth
4.4 APAC Excavator Sales Growth
4.5 Europe Excavator Sales Growth
4.6 Middle East & Africa Excavator Sales Growth
5 Americas
5.1 Americas Excavator Sales by Country
5.1.1 Americas Excavator Sales by Country (2018-2023)
5.1.2 Americas Excavator Revenue by Country (2018-2023)
5.2 Americas Excavator Sales by Type
5.3 Americas Excavator Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Excavator Sales by Region
6.1.1 APAC Excavator Sales by Region (2018-2023)
6.1.2 APAC Excavator Revenue by Region (2018-2023)
6.2 APAC Excavator Sales by Type
6.3 APAC Excavator Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Excavator by Country
7.1.1 Europe Excavator Sales by Country (2018-2023)
7.1.2 Europe Excavator Revenue by Country (2018-2023)
7.2 Europe Excavator Sales by Type
7.3 Europe Excavator Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Excavator by Country
8.1.1 Middle East & Africa Excavator Sales by Country (2018-2023)
8.1.2 Middle East & Africa Excavator Revenue by Country (2018-2023)
8.2 Middle East & Africa Excavator Sales by Type
8.3 Middle East & Africa Excavator Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Excavator
10.3 Manufacturing Process Analysis of Excavator
10.4 Industry Chain Structure of Excavator
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Excavator Distributors
11.3 Excavator Customer
12 World Forecast Review for Excavator by Geographic Region
12.1 Global Excavator Market Size Forecast by Region
12.1.1 Global Excavator Forecast by Region (2024-2029)
12.1.2 Global Excavator Annual Revenue Forecast by Region (2024-2029)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Excavator Forecast by Type
12.7 Global Excavator Forecast by Application
13 Key Players Analysis
13.1 Caterpillar
13.1.1 Caterpillar Company Information
13.1.2 Caterpillar Excavator Product Portfolios and Specifications
13.1.3 Caterpillar Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.1.4 Caterpillar Main Business Overview
13.1.5 Caterpillar Latest Developments
13.2 Kubota
13.2.1 Kubota Company Information
13.2.2 Kubota Excavator Product Portfolios and Specifications
13.2.3 Kubota Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.2.4 Kubota Main Business Overview
13.2.5 Kubota Latest Developments
13.3 SANY
13.3.1 SANY Company Information
13.3.2 SANY Excavator Product Portfolios and Specifications
13.3.3 SANY Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.3.4 SANY Main Business Overview
13.3.5 SANY Latest Developments
13.4 Komatsu
13.4.1 Komatsu Company Information
13.4.2 Komatsu Excavator Product Portfolios and Specifications
13.4.3 Komatsu Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.4.4 Komatsu Main Business Overview
13.4.5 Komatsu Latest Developments
13.5 XCMG
13.5.1 XCMG Company Information
13.5.2 XCMG Excavator Product Portfolios and Specifications
13.5.3 XCMG Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.5.4 XCMG Main Business Overview
13.5.5 XCMG Latest Developments
13.6 Hitachi
13.6.1 Hitachi Company Information
13.6.2 Hitachi Excavator Product Portfolios and Specifications
13.6.3 Hitachi Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.6.4 Hitachi Main Business Overview
13.6.5 Hitachi Latest Developments
13.7 Doosan
13.7.1 Doosan Company Information
13.7.2 Doosan Excavator Product Portfolios and Specifications
13.7.3 Doosan Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.7.4 Doosan Main Business Overview
13.7.5 Doosan Latest Developments
13.8 SDLG
13.8.1 SDLG Company Information
13.8.2 SDLG Excavator Product Portfolios and Specifications
13.8.3 SDLG Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.8.4 SDLG Main Business Overview
13.8.5 SDLG Latest Developments
13.9 Volvo
13.9.1 Volvo Company Information
13.9.2 Volvo Excavator Product Portfolios and Specifications
13.9.3 Volvo Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.9.4 Volvo Main Business Overview
13.9.5 Volvo Latest Developments
13.10 Liugong Machinery
13.10.1 Liugong Machinery Company Information
13.10.2 Liugong Machinery Excavator Product Portfolios and Specifications
13.10.3 Liugong Machinery Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.10.4 Liugong Machinery Main Business Overview
13.10.5 Liugong Machinery Latest Developments
13.11 Kobelco
13.11.1 Kobelco Company Information
13.11.2 Kobelco Excavator Product Portfolios and Specifications
13.11.3 Kobelco Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.11.4 Kobelco Main Business Overview
13.11.5 Kobelco Latest Developments
13.12 John Deere
13.12.1 John Deere Company Information
13.12.2 John Deere Excavator Product Portfolios and Specifications
13.12.3 John Deere Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.12.4 John Deere Main Business Overview
13.12.5 John Deere Latest Developments
13.13 Hyundai
13.13.1 Hyundai Company Information
13.13.2 Hyundai Excavator Product Portfolios and Specifications
13.13.3 Hyundai Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.13.4 Hyundai Main Business Overview
13.13.5 Hyundai Latest Developments
13.14 Zoomlion
13.14.1 Zoomlion Company Information
13.14.2 Zoomlion Excavator Product Portfolios and Specifications
13.14.3 Zoomlion Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.14.4 Zoomlion Main Business Overview
13.14.5 Zoomlion Latest Developments
13.15 Takeuchi
13.15.1 Takeuchi Company Information
13.15.2 Takeuchi Excavator Product Portfolios and Specifications
13.15.3 Takeuchi Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.15.4 Takeuchi Main Business Overview
13.15.5 Takeuchi Latest Developments
13.16 JCB
13.16.1 JCB Company Information
13.16.2 JCB Excavator Product Portfolios and Specifications
13.16.3 JCB Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.16.4 JCB Main Business Overview
13.16.5 JCB Latest Developments
13.17 Yanmar
13.17.1 Yanmar Company Information
13.17.2 Yanmar Excavator Product Portfolios and Specifications
13.17.3 Yanmar Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.17.4 Yanmar Main Business Overview
13.17.5 Yanmar Latest Developments
13.18 Sunward
13.18.1 Sunward Company Information
13.18.2 Sunward Excavator Product Portfolios and Specifications
13.18.3 Sunward Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.18.4 Sunward Main Business Overview
13.18.5 Sunward Latest Developments
13.19 Sumitomo
13.19.1 Sumitomo Company Information
13.19.2 Sumitomo Excavator Product Portfolios and Specifications
13.19.3 Sumitomo Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.19.4 Sumitomo Main Business Overview
13.19.5 Sumitomo Latest Developments
13.20 CASE
13.20.1 CASE Company Information
13.20.2 CASE Excavator Product Portfolios and Specifications
13.20.3 CASE Excavator Sales, Revenue, Price and Gross Margin (2018-2023)
13.20.4 CASE Main Business Overview
13.20.5 CASE Latest Developments
14 Research Findings and Conclusion