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Download Free sampleExcavators 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.
Excavator Market contains market size and forecasts of Excavator in global, including the following market information:
Global Excavator Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Excavator Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Excavator companies in 2021 (%)
The global Excavator market was valued at 59760 million in 2021 and is projected to reach US$ 76240 million by 2028, at a CAGR of 3.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Mini Excavator (below 6t) Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Excavator include Caterpillar, Kubota, SANY, Komatsu, XCMG, Hitachi, Doosan, SDLG and Volvo, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Excavator manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Excavator Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Excavator Market Segment Percentages, by Type, 2021 (%)
Mini Excavator (below 6t)
Small Excavator (6-15t)
Medium-Sized Excavator (15-30t)
Large-Sized Excavator (Above 30t)
Global Excavator Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Excavator Market Segment Percentages, by Application, 2021 (%)
Building/Real Estate
Public Utilities
Mining and Oil Well
Others
Global Excavator Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Excavator Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Excavator revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Excavator revenues share in global market, 2021 (%)
Key companies Excavator sales in global market, 2017-2022 (Estimated), (Units)
Key companies Excavator sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Caterpillar
Kubota
SANY
Komatsu
XCMG
Hitachi
Doosan
SDLG
Volvo
Liugong Machinery
Kobelco
John Deere
Hyundai
Zoomlion
Takeuchi
JCB
Yanmar
Sunward
Sumitomo
CASE
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