Image

Global Hydraulic Excavator Market - Industry Trends and Forecast to 2030

Automotive

Image

Global Hydraulic Excavator Market - Industry Trends and Forecast to 2030

  • Automotive
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Hydraulic Excavator Market - Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 70650.22 Million
Diagram Market Size (Forecast Year) USD 88711.23 Million
Diagram CAGR %

Global Hydraulic Excavator Market, By Type (Crawler, Mini, Wheeled), Power Rating (0-300 HP, 301-500 HP, Above 501 HP), End-User (Contractors, Rental providers, Others) - Industry Trends and Forecast to 2030.

Hydraulic Excavator Market

Hydraulic Excavator Market Analysis and Size

Rising awareness towards global warming and climate change is increasing demand for the green building which is driving the growth of the market. Growing urbanization and infrastructural activities in many regions are driving the growth of the global hydraulic excavator market. The increasing number of large scale mining-related projects; road and port construction is also boosting the market. The increased demand for oil and gas construction sectors has also expected to grow the market. Growing popularity for hybrid hydraulic excavator vehicles will propel the growth.

Global hydraulic excavator market was valued at USD 70,650.22 million in 2022 and is expected to reach USD 88,711.23 million by 2030, registering a CAGR of 2.8% during the forecast period of 2023-2030. “Crawler”  accounts for the largest service segment in the respective market owing to the high preference due to the subject-matter expertise offered by vendors. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Hydraulic Excavator Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023-2030

Base Year

2021

Historic Years

2020 ((Customizable to 2015- 2020)

Quantitative Units

Revenue in USD million, Volumes in Units, Pricing in USD

Segments Covered

Type (Crawler, Mini, Wheeled), Power Rating (0-300 HP, 301-500 HP, Above 501 HP), End- User (Contractors, Rental providers, Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa

Market Players Covered

Caterpillar (U.S.), Hitachi Construction Machinery Co., Ltd. (U.S.),, Komatsu India Pvt. Ltd(U.S.),., AB Volvo(U.S.),, JCB(U.S.),, Tata Hitachi Construction Machinery(U.S.),, Telcon Ltd, UTD Motor(U.S.),, Sumitomo Heavy Industries, Ltd(U.S.), SANY GROUP(U.S.),, SCHWING Stetter (INDIA) Pvt. Ltd.

Market Opportunities

  • Growing urbanization and infrastructural activities in many regions
  • Rising awareness towards global warming and climate change is increasing demand for the green building

Market Definition

The hydraulic excavator is a type of vehicle that is specifically designed for digging, unearthing, and destruction purposes. It is the heavy construction equipment and used for commercial and residential construction, mining, and sewage disposal. Hydraulic excavators help the workers and users in automating the destruction and construction process to decrease workloads and increase work productivity.

Global Hydraulic Excavator Market Dynamics

Drivers

  •  Growing Urbanization and Infrastructural Activities in Many Regions

Growing urbanization and infrastructural activities in many regions are driving the growth of the global hydraulic excavator market. The increasing number of large scale mining-related projects; road and port construction is also boosting the market. The increased demand for oil and gas construction sectors has also expected to grow the market. Growing popularity for hybrid hydraulic excavator vehicles will propel the growth.

  • Advancement in Technologies

The increase in the advancement in technologies such as artificial intelligence (AI) and the internet of things (IoT) accelerate the market growth. The ability of IoT- enables wireless fire detection systems prevents fire accidents and injuries.

Opportunities

  • Rising Awareness Towards Global Warming and Climate Change

Excavator equipped with technology are more effective than conventional machinery because they save time and inform service centers in the event of a malfunction or other operational issues. Equipment producers are creating environmentally friendly equipment as a result of strict emission control regulations. The main responsibility of manufacturers is to provide technologically sophisticated, efficient equipment that complies with regulations and meets consumer expectations

Restraints/Challenges

  • High Cost Associated with Installation and Maintenance

On the other hand, high cost associated with the production of volumetric video, and less effective projection under sunlight are expected to obstruct the market growth

This global hydraulic excavator market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on global hydraulic excavator market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

 Recent Development

  • In August 2018, Napco Security has announced the launch of Napco FireLink 8-32 Zone FACP with Built-in LTE Cellular Communicator which would help in connecting the fire alarm systems. It would be beneficial for the company as the product is custom programmable &/or expandable up to 32 points using any combination of conventional, addressable and wireless devices and is NFPA 72/UL certified which would give assurance of the quality to the customers

Global Hydraulic Excavator Market Scope

Global hydraulic excavator market is segmented on the type, power rating, and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Type

  • Crawler
  • Mini
  • Wheeled

Power Rating

  • 0-300 HP
  • 301-500 HP
  • Above 501 HP

End-User

  • Contractors
  • Rental providers
  • Others

Global Hydraulic Excavator Market Region Analysis/Insights

Global hydraulic excavator market is segmented on the type, power rating, and end-user as referenced above.

The countries covered in the global hydraulic excavator market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA). 

Asia-Pacific is expected to dominate the market as the region is capturing the largest market share of the global hydraulic excavator market due to the increase in urbanization and infrastructure-related activities in developing countries such as China and India expected to grow with a steady growth rate in the coming years.

North America is the fastest growing region as the market is also steady due to a rising in housing activities across the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Hydraulic Excavator Market Share Analysis

The global hydraulic excavator market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global hydraulic excavator market.

Some of the major players operating in global hydraulic excavator market are

  • Caterpillar (U.S.)
  • Hitachi Construction Machinery Co., Ltd. (U.S.)
  • Komatsu India Pvt. Ltd (U.S.)
  • AB Volvo (U.S.)
  • JCB (U.S.)
  • Tata Hitachi Construction Machinery (U.S.)
  • Telcon Ltd, UTD Motor (U.S.)
  • Sumitomo Heavy Industries, Ltd (U.S.)
  • SANY GROUP (U.S.)
  • SCHWING Stetter Pvt. Ltd. (INDIA)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The Hydraulic Excavator Market will be worth USD 88,711.23 million by 2030.
The Hydraulic Excavator Market growth rate is 2.8% during the forecast period.
Growing Urbanization and Infrastructural Activities in Many Regions & Advancement in Technologies are the growth drivers of the Hydraulic Excavator Market.
The type, power rating, and end-user are the factors on which the Hydraulic Excavator Market research is based.
Napco Security has announced the launch of Napco FireLink 8-32 Zone FACP with Built-in LTE Cellular Communicator which would help in connecting the fire alarm systems is the latest developments in the Hydraulic Excavator Market.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials