Excavator Market to Grow 2.82% CAGR by 2025 | More than 17,000 Technavio reports

The Hydraulic Excavators Market report provides global update, market size and forecasts, trends, growth drivers and challenges, and vendor analysis. This study identifies the growing need for large-scale project management as one of the major reasons for the growth of the hydraulic excavators market over the next few years. Organizations are focusing on cultivating and managing the resources necessary for effective product releases, increasing the demands for effective solutions for managing large-scale construction projects.

The main advantages of using hydraulic excavators in the management of large-scale projects are process management, projected profitability and automation. Additionally, increasing construction of green buildings is another factor supporting the growth of the hydraulic excavator market. However, stringent emission regulations for construction machinery are hampering the growth of the hydraulic excavator market. Environmental regulators around the world have set strict emission standards for factories, vehicles, production facilities, waste management, machinery and equipment. Subsequently, the rising costs will also impact the cost borne by buyers. This will challenge the growth of the global hydraulic excavators market over the forecast period.

See the Outlook report here for additional highlights on factors influencing market growth

Technavio analyzes the market by technology (tracked excavators, mini excavators and wheeled excavators), application (construction, mining and utilities) and geography (APAC, Europe, North America, South America, and MEA). The crawler excavator technology segment held the largest hydraulic excavator market share in 2020. The segment will continue to maintain its market dominance during the forecast period, mainly due to its variety of uses. Companies across the globe are launching customized configurations of crawler excavators, which is driving the growth of the market over the forecast period.

The construction application segment was the most revenue-generating segment of the hydraulic excavator market in 2020. Construction of skyscrapers and development of massive infrastructure projects are aided by these machines. The expansion of the construction industry will have a direct impact on the global hydraulic excavator market. In terms of geography, APAC was the most revenue-generating regional segment of this market in 2020. APAC will generate growth in all the years of the forecast period between 2020 and 2025. The year-on-year growth the other during this period will vary between 2.93% and 3.65%. Rising number of construction projects such as roads, dams, and airports are driving the growth of the hydraulic excavator market in APAC. Several major construction machinery manufacturers are expanding their presence in APAC due to the region’s growth opportunities.

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The hydraulic excavator market covers the following areas:

This report presents a detailed picture of the market through study, synthesis and summation of data from multiple sources by analysis of key parameters.

Hydraulic excavator market sizing
Hydraulic Excavators Market Forecast
Hydraulic excavator market analysis

Supplier Highlights

The Hydraulic Excavators market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Market sellers are expected to focus more on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Hydraulic excavator manufacturers emphasize the production of equipment suited to the local environmental conditions of customers. Market competition is expected to intensify as many companies are investing in emerging economies in anticipation of future growth prospects. Rising investment in infrastructure development around the world and booming tourism are boosting the construction industry. This, in turn, is expected to trigger demand for construction equipment, including hydraulic excavators.

Companies mentioned

  • Alamo Group Inc.
  • BEML Ltd.
  • Caterpillar inc.
  • Hitachi Ltd.
  • JC Bamford Excavators Ltd.
  • KATO WORKS CO. LTD.
  • Komatsu Ltd.
  • SANY Group
  • Takeuchi Mfg. Co.Ltd.
  • Terex Corp.

Talk to our analysts for customized reports on detailed supplier information and strategic moves.

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Mini Excavators Market by End User and Geography – Forecast and Analysis 2021-2025

Crawler Excavators Market by Application and Geography – Forecast and Analysis 2021-2025

Scope of the Hydraulic Excavators Market

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 2.82%

Market Growth 2021-2025

$5.58 billion

Market structure

Fragmented

Annual growth (%)

2.50

Regional analysis

APAC, Europe, North America, South America and MEA

Successful market contribution

APAC 58%

Main consumer countries

China, USA, India, Germany, France and Canada

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Alamo Group Inc., BEML Ltd., Caterpillar Inc., Hitachi Ltd., JC Bamford Excavators Ltd., KATO WORKS CO. LTD., Komatsu Ltd., SANY Group, Takeuchi Mfg. Co.Ltd. and Terex Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

Summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market Outlook: Predictions for 2020 – 2025

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by application

  • Market segments
  • Comparison by application
  • Construction – Market size and forecast 2020-2025
  • Mining – Market size and forecast 2020-2025
  • Utilities – Market size and forecast 2020-2025
  • Market Opportunity by Application

Market segmentation by technology

  • Market segments
  • Comparison by technology
  • Crawler Excavators – Market size and forecast 2020-2025
  • Mini Excavators – Market size and forecast 2020-2025
  • Wheel Excavators – Market size and forecast 2020-2025
  • Market Opportunity by Technology

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Overview
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Alamo Group Inc.
  • BEML Ltd.
  • Caterpillar inc.
  • Hitachi Ltd.
  • JC Bamford Excavators Ltd.
  • KATO WORKS CO. LTD.
  • Komatsu Ltd.
  • SANY Group
  • Takeuchi Mfg. Co.Ltd.
  • Terex Corp.

appendix

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

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