Excavators are heavy construction equipment which are used to dig out soil from the ground or to move large objects. It tremendously enhances productivity of any construction work. These are available in wide range of sizes and capacities, depending on magnitude of work to be done. Majority of excavators currently in use are based on the principle of hydraulics. Functioning and movement of a hydraulic excavator is accomplished through the use of hydraulic fluid, with hydraulic cylinders and hydraulic motors. These type of excavators consist of a chassis, boom, and bucket, and move via tracks or wheels. It is used for a wide variety of applications, but are commonly used for transportation of large amounts of materials, such as minerals.
Over the past several years, growth of global hydraulic excavators industry has been kept buoyant by rising infrastructure expenditure, growth of construction equipment industry, rapid urbanization and improvement of global macroeconomic conditions. However, major factors restraining growth of the industry includes stringent regulations and high maintenance and repair costs.
The “Global Hydraulic Excavator Market (By Geography: Asia Oceania, North America, Europe; Japan, India & China) Market Outlook 2024” report, provides comprehensive market outlook of global hydraulic excavators market with market assessment is done across major markets such as North America, Asia Oceania, Europe, The US, China, Japan and India. Asia Oceania is the world’s largest hydraulic excavators market. It is followed by Western Europe Na North America at second and third position. In terms of country, Japan and China are the world’s largest hydraulic excavators market.
Global excavators industry is highly competitive with numerous market players vying to capture the market by continuous enhancement of their product and services offerings. In order to remain competitive, leading industry players such as Hitachi Construction Machinery, Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment and Xuzhou Construction Machinery Group (XCMG) utilize the growth opportunity effectively by continuous reformation of its offerings. These leading market players have been profiled herein based on attributes such as business overview, product segments and financial overview. The report also compiles performance comparison of aforementioned companies and other leading companies in the segment based on various parameters in the competitive landscape section. In totality, the report provides detailed market analysis, with relevant forecasted data supported by key market dynamics. This information will be helpful in evaluating opportunities in global as well as regional hydraulic excavators market.
Table of Contents
1. Executive Summary
2. Research Methodology
3.1.1 Features of Excavators
3.1.2 Uses of Excavators
3.2 Hydraulic Excavator
4. Global Hydraulic Excavator Market Analysis
4.1 Market Sizing (Actual & Forecasted)
4.1.1 Market Size by Volume
4.2 Market Share Analysis
4.2.1 Market Share by Region
4.3 Regional Analysis
4.3.1 Asia Oceania
4.3.2 North America
4.4 Country Analysis
4.4.1 The US
5. Market Dynamics
5.1 Industry Trends & Development
5.1.1 Advent of Hybrid Hydraulic Excavators
5.1.2 Excavator Rental
5.1.3 Hydraulic Excavators Utilizing IoT
5.2 Growth Drivers
5.2.1 Rising Infrastructure Expenditure
5.2.2 Growth of Construction Equipment Industry
5.2.4 Rapid Urbanization
5.2.5 Improvement of Global Macroeconomic Condition
5.3.1 Stringent Regulations
5.3.2 High Maintenance and Repair Cost
6. Competitive Landscape
7. Company Profiles
7.1 Hitachi Construction Machinery
7.2 Caterpillar Inc.
7.3 Komatsu Ltd.
7.4 Volvo Construction Equipment
7.5 Terex Corporation
7.6 Xuzhou Construction Machinery Group (XCMG)
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