Global Excavator Market Outlook, 2025

Global Excavator Market Outlook, 2025

Actual Market Research 24-08-2020 245 Pages Figures : 132 Tables : 18 Region : Global Category : Manufacturing & Industry Machinery, Parts & Equipment

1. Caterpillar Private Limited

2. CNH Industrial

3. Doosan Infracore

4. Epiroc

5. Hitachi Construction Machinery Co. Ltd


Excavators generally have a multipurpose usage such as earth digging, mining, loading, quarrying, etc. These machineries are capable of working in three dimensions and in all directions. The revenues can also be increased by reducing the operating time through conversion ratio and running time calculation. Hydraulic excavators due to their ability to provide automated services, which reduce response time, can achieve efficient process management. The most common types of excavators are crawlers, mini excavators, dragline excavators, suctions excavators, skid steer, and long reach excavators. These features provide superior digging power and mobility allowing this heavy equipment to perform variety of functions such as digging trenches, breaking holes, lifting away waste, and excavating mines. Though the purchase decision of the end users depend on the purpose of the excavator, the manufacturers have always incorporated many additional features to make the purchase valuable and more give more return on the investments. The need for abrupt and flawless constructions has propelled the demand in the excavator marker across the world. Not only the construction industry, but the demand for excavators is also affected largely by the increase in investment by the government in infrastructural developments, mining, large scale agriculture, forest clearing, etc. The Global Excavator Market Outlook by Actual Market Research discusses about the in depth analysis of the construction equipment market with the comparison of the past years and the coming future. Globally, the market for excavators was recorded at USD 35.05 Billion in the year 2014. The report throws a light on various trends and the technological advancement in the market of excavator, which has influenced the sales of the excavator over the years. The higher productivity with an optimum fuel usage is the prime factor that the customer looks for in such construction support equipments, as the investment made behind such purchase are high. The Global excavator market is expected to grow with a CAGR of more than 5% in the forecasted period, by the contribution of the construction industry and the various governments across the world concentrating on the infrastructure development. In the initial couple of years in the forecasted period, the excavator market is likely to fall back by value due to the COVID-19 pandemic. The pandemic is likely to leave the economic shaken and resulting into a fall of construction and the real estate industry. Moreover, the excavator industry has been facing a shortage of skilled labors over the past few years. As the existing labour force is retiring due to the age factor, the industry is in struggle to fill up the positions. MAJOR COMPANIES PRESENT IN THE MARKET Caperpillar, Doosan, Epiroc, Hitachi Constructions, JCB, John Deere, Kobelco, Komatsu, Kubota, Liebherr, Metso, Sandvik Mining And Rock Technology, Sany, Terex, Volvo Construction Equipment, Zoomlion CONSIDERED IN THE REPORT Geography: World Wide Base year: 2018-19 Historical year: 2013-14 Estimated year: 2019-20 Forecasted year: 2024-25 REGIONS COVERED: North America Europe Asia Pacific Latin America Middle East & Africa The report also covers the major countries in the region with a clear comparison of the past performance and the estimated growth of the market in the forecasted period. Also, the market is studied in detail with respect to the different types of the excavators and its purposes regionally. ASPECTS COVERED IN THE REPORT Market Size By Value for the time period (2014-2019) Market Size By Value for the time period (2020-2025) Market Share by Application (2019 & 2025) Market Share by Machine Type (2019 & 2025) Market Share by Region (2019 & 2025) Market Share by Country (2019 & 2025) Market Share by Company (2019) THE APPROACH OF THE REPORT: We keep an eye on evolving markets and try to evaluate the potentials in the product and services. If we found the market interesting, we start working on it and create the desired table of content considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personals, company owners, dealers, distributors & end-users. Once the questionnaires have been finalized, we start collecting the primary data (majorly through phone calls) and try to understand the market dynamics with regional/tier wise. This process gives us in-depth detail of the market including all present companies, the top-performing product with reasons why they dominate; we get the details of new players and their innovative approach and market trends, dynamics, and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. By this, we get a rough estimate of the market and start checking existing product price variant, trade, production, raw material scenario, policies and regulatory landscape, etc. Then to finalize the market, we start collecting financials of each player present in the market including limited, private limited, and LLPs. Moreover, we perform cross-industry, cross-region analysis of the product, and based on collected primary inputs and using statistical modeling we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but giving more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, and PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validates the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in strategic recommendations for new as well as the existing players. The QC team then checks the overall report that includes spell check, data verification and makes the same dispatch ready and error-free. INTENDED AUDIENCE This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the construction machinery and excavator industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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