Excavator Market

Market Overview:

The global excavator market grew at a CAGR of around 5% during 2014-2019. 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. Looking forward, IMARC Group expects the global excavator market to continue its moderate growth during the next five years.

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 for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, 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

List of Figures

Figure 1: Global: Excavator Market: Major Drivers and Challenges
Figure 2: Global: Excavator Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Excavator Market: Breakup by Product (in %), 2019
Figure 4: Global: Excavator Market: Breakup by Mechanism Type (in %), 2019
Figure 5: Global: Excavator Market: Breakup by Power Range (in %), 2019
Figure 6: Global: Excavator Market: Breakup by Application (in %), 2019
Figure 7: Global: Excavator Market: Breakup by Region (in %), 2019
Figure 8: Global: Excavator Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 9: Global: Excavator (Mini/Compact) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Excavator (Mini/Compact) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Excavator (Crawler) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Excavator (Crawler) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Excavator (Wheeled) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Excavator (Wheeled) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Excavator (Heavy) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Excavator (Heavy) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Excavator (Electric) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Excavator (Electric) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Excavator (Hydraulic) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Excavator (Hydraulic) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Excavator (Hybrid) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Excavator (Hybrid) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Excavator (Upto 300 HP) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Excavator (Upto 300 HP) Market Forecast: Sales Value (in Million US$), 2020-2025 
Figure 25: Global: Excavator (301-500 HP) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Excavator (301-500 HP) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Excavator (501 HP and Above) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Excavator (501 HP and Above) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Excavator (Mining) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Excavator (Mining) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Excavator (Construction) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Excavator (Construction) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Excavator (Waste Management) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Excavator (Waste Management) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Global: Excavator (Other Applications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Global: Excavator (Other Applications) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: North America: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: North America: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: United States: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: United States: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Canada: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Canada: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: Asia Pacific: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Asia Pacific: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: China: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: China: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: Japan: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: Japan: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: India: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: India: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: South Korea: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: South Korea: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: Australia: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: Australia: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: Indonesia: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: Indonesia: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: Others: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 58: Others: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 59: Europe: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 60: Europe: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 61: Germany: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 62: Germany: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 63: France: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 64: France: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 65: United Kingdom: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 66: United Kingdom: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 67: Italy: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 68: Italy: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 69: Spain: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 70: Spain: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 71: Russia: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 72: Russia: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 73: Others: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 74: Others: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 75: Latin America: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 76: Latin America: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 77: Brazil: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 78: Brazil: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 79: Mexico: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 80: Mexico: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 81: Others: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 82: Others: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 83: Middle East and Africa: Excavator Market: Sales Value (in Million US$), 2014 & 2019
Figure 84: Middle East and Africa: Excavator Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 85: Global: Excavator Industry: SWOT Analysis
Figure 86: Global: Excavator Industry: Value Chain Analysis
Figure 87: Global: Excavator Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Excavator Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Excavator Market Forecast: Breakup by Product (in Million US$), 2020-2025
Table 3: Global: Excavator Market Forecast: Breakup by Mechanism Type (in Million US$), 2020-2025
Table 4: Global: Excavator Market Forecast: Breakup by Power Range (in Million US$), 2020-2025
Table 5: Global: Excavator Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 6: Global: Excavator Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 7: Global: Excavator Market Structure
Table 8: Global: Excavator Market: Key Players