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), Country (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 Middle East and Africa) Industry Trends and Forecast to 2028
Global hydraulic excavator market is expected to register a steady market growth at a rate of 2.85% in the forecast period of 2021 to 2028. Data Bridge Market Research report on hydraulic excavator market provides analysis and insights regarding the leading current market analysis scenario, upcoming as well as future opportunities and competitors.
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.
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 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.
Strict regulations related to the emission from heavy construction equipment including hydraulic excavators are likely to limit the market in the forecast period. The high cost of this construction machine is the factor for hindering the growth of the hydraulic excavator market.
Incorporating automation systems in this vehicle is creating ample opportunities for the market. As well as the hydraulic excavators with an electric engine will attract the construction industry.
This 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 localised 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 Data Bridge Market Research global hydraulic excavator market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hydraulic Excavator Market Scope and Market Size
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.
- The hydraulic excavator market on the basis of type has been segmented into crawler, mini and wheeled. Wheeled excavator segment is expected to grow with a significant growth during the forecast period. Owing to easy movement from one place to other of wheeled excavators and their weight helps them to work efficiently.
- Based on power rating, global hydraulic excavator market has been segmented into 0-300 HP, 301-500 HP and above 501 HP.
- Based on end-user, global hydraulic excavator market has been segmented into contractors, rental providers and others.
Hydraulic Excavator Market Country Level Analysis
Hydraulic excavator market is analysed and market size, volume information is provided by country, type, power rating, and end-user as referenced above.
The countries covered in the market report are 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 capturing the largest market share of the 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. The market is also steady in North America due to a slowdown in housing activities however, it will grow again.
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 Hydraulic Excavator Market Share Analysis
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, regional presence, 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 hydraulic excavator market.
The major players covered in the hydraulic excavator market report are Caterpillar, Hitachi Construction Machinery Co., Ltd., Komatsu India Pvt. Ltd., AB Volvo, JCB, Tata Hitachi Construction Machinery, Telcon Ltd, UTD Motor, Sumitomo Heavy Industries, Ltd, Bobcat Company., Kawasaki Heavy Industries, Ltd., Pon Cat, SANY GROUP, SCHWING Stetter (INDIA) Pvt. Ltd., Shandong Hekuang Heavy Industry Machinery Co.,Ltd, Zoomlion Heavy Industry Science&Technology Co., Ltd., Doosan Infracore, Deere & Company., TML Technik GmbH., among some global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Hydraulic Excavator Market
Data Bridge Market Research is a leader in consulting and 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 customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed 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 (Factbook) or can assist you in creating presentations from the data sets available in the report.