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North America Excavator Market Outlook, 2025

August 2020 | 84 pages | ID: N177935164ABEN
Bonafide Research & Marketing Pvt. Ltd.

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In North America the construction industry in the major contributor to the economy and also is also expected to grow more in the forecasted period. The governments in the region are focusing more on boosting the infrastructure in the transportation and the power sectors. The need for the economical prosperity has channelled the finances towards the manufacturing of the construction equipments, leading it to grow in the future. The overall construction industry in North America is estimated to grow to USD 1792.6 Billion by the year of 2024, which gives an ample of scope for the excavator markets to commence into the region’s market.

The report named ‘North American Excavator Outlook' by Bonafide Research shows a complete analysis of the regions performance in terms of the excavator sales. The excavator market is not wholly spread in the region and is highly concentrated over only certain major regions. Even though the region is considered to be highly developed, the demand for the large scale earth moving equipments are increasing constantly. It is the world’s largest dozer and grader market in volume terms; more than other major emerging markets, where such equipment would be expected to be sold in large numbers for new-build infrastructure projects.

The off road vehicles and the heavy equipments used for heavy operations tasks such as lifting, material handlings, excavation and others are mainly driven by residential, commercial and the industrial development, public-private partnership and global economic growth. The excavator market is to witness a substantial growth owing to rising investments in the construction sectors. Excavators are hydraulic equipment that consists of house and undercarriage with a bucket attached to its arm. Upswing in the number of large scale projects such as mining, road transportation and port building, construction in oil and gas sectors have led to the surge in demand for excavators. Excavator rental services are one of the major emerging trends that allow the users meet their requirement and get maximum utilization without heavy capital investments.

The CAGR of the North America remains much unaffected when compared to the other regions. With the constant fluctuation in the market the CAGR remains under 3% over the period. The major share of the region comes from the US, which occupies more than a 3/4th of the market. Following the US is Canada and Mexico, both expected to have an increase in the near future.

MAJOR COMPANIES PRESENT IN THE MARKET

Caperpillar, Hitachi Constructions, JCB, John Deere, Komatsu, Terex, Volvo Construction Equipment

CONSIDERED IN THE REPORT
  • Geography: North America
  • Base year: 2018-19
  • Historical year: 2013-14
  • Estimated year: 2019-20
  • Forecasted year: 2024-25
REGIONS COVERED:
  • United States
  • Canada
  • Mexico
  • Rest of North America
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 (2014-19)
  • 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 Country (2019 & 2025)
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.
1. EXECUTIVE SUMMARY

2. REPORT METHODOLOGY

3. GLOBAL EXCAVATOR MARKET OUTLOOK

3.1. Market Size By Value
  3.1.1 Overall Market Size by Value
  3.1.2 North America Excavator Market Size by Value
  3.1.3 Europe Excavator Market Size by Value
  3.1.4 Asia- Pacific Excavator Market Size by Value
  3.1.5 Latin America Excavator Market Size by Value
  3.1.6 Middle East and Africa Excavator Market Size by Value
3.2. Market Share
  3.2.1. By Application
  3.2.2. By Machinery type
  3.2.3. By Region
  3.2.4. By Country
  3.2.5. By Company

4. NORTH AMERICA EXCAVATOR MARKET OUTLOOK

4.1. Market Size By Value
4.2. Market Share
  4.2.1. By Application
  4.2.2. By Machinery type
  4.2.3. By Country
4.3. US Excavator Market Outlook
  4.3.1 Market Size By Value
  4.3.2 Market Share
  4.3.1. By Application
  4.3.2. By Machinery Type
4.4. Canada Excavator Market Outlook
  4.4.1 Market Size By Value
  4.4.2 Market Share
    4.4.2.1 By Application
    4.4.2.2 By Machinery Type
4.5. Mexico Excavator Market Outlook
  4.5.1 Market Size By Value
  4.5.1 Market Share
    4.5.1.1 By Application
    4.5.1.1 By Machinery Type
4.6 Rest Of North America Excavator Market Outlook
  4.6.1 Market Size By Value
  4.6.1 Market Share
    4.6.1.1 By Application
    4.6.1.2 By Machinery Type

5. GLOBAL EXCAVATOR MARKET DYNAMICS

5.1 Key Drivers
5.2 Key Challenges

6. MARKET TRENDS & DEVELOPMENTS

7. COMPANY PROFILES

7.1 Caterpillar Private Limited
7.2 Hitachi Construction Machinery Co. Ltd
7.3 J C Bamford Excavators Ltd
7.4 John Deere Ltd
7.5 Komatsu Ltd.
7.6 Terex Corporation
7.7 Volvo Construction Equipments

8. STRATEGIC RECOMMENDATIONS

9. DISCLAIMER

LIST OF TABLES

Table 1: Key Facts Of Caterpillar Inc.
Table 2: Key Facts Of Hitachi Construction Machinery
Table 3: Key Facts Of JCB Ltd.
Table 4: Key Facts Of John Deere Ltd.
Table 5: Key Facts Of Komatsu Ltd.
Table 6: Key Facts Of Terex
Table 7: Key Facts Of Volvo Construction Equipment.


LIST OF FIGURES

Figure 1: Global Excavator Market Size by Value (2014-2019)
Figure 2: Global Excavator Market Size by Value (2020F-2025F)
Figure 3: North America Excavator Market Size by Value (2014-2019)
Figure 4: North America Excavator Market Size by Value (2020F-2025F)
Figure 5: Europe Excavator Market Size by Value (2014-2019)
Figure 6: Europe Excavator Market Size by Value (2020F-2025F)
Figure 7: Asia Pacific Excavator Market Size by Value (2014-2019)
Figure 8: Asia Pacific Excavator Market Size by Value (2020F-2025F)
Figure 9: Latin America Excavator Market Size by Value (2014-2019)
Figure 10: Latin America Excavator Market Size by Value (2020F-2025F)
Figure 11: Middle East & Africa Excavator Market Size by Value (2014-2019)
Figure 12: Middle East & Africa Excavator Market Size by Value (2020F-2025F)
Figure 13: Global Excavator Market Share by Application (2019 & 2025F)
Figure 14: Global Excavator Market Share By Machinery Type (2019 & 2025F)
Figure 15: Global Excavator Market Share By Region (2014 & 2025F)
Figure 16: Global Excavator Market Share By Country (2019 & 2025F)
Figure 17: Global Excavator Market Share By Company (2019)
Figure 18: North America Excavator Market Size by Value (2014-2019)
Figure 19: North America Excavator Market Size by Value (2020F-2025F)
Figure 20: North America Excavator Market Share By Application (2019 & 2025F)
Figure 21: North America Excavator Market Share By Machine (2019 & 2025F)
Figure 22: North America Excavator Market Share By Country (2019 & 2025F)
Figure 23: US Excavator Market Size by Value (2014-2019)
Figure 24: US Excavator Market Size by Value (2020F-2025F)
Figure 25: US Excavator Market Share By Application (2019 & 2025F)
Figure 26: US Excavator Market Share By Machine (2019 & 2025F)
Figure 27: Canada Excavator Market Size by Value (2014-2019)
Figure 28: Canada Excavator Market size by Value (2020F-2025F)
Figure 29: Canada Excavator Market Share By Application (2019 & 2025F)
Figure 30: Canada Excavator Market Share By Machine (2019 & 2025F)
Figure 31: Mexico Excavator Market Size by Value (2014-2019)
Figure 32: Mexico Excavator Market size by Value (2020F-2025F)
Figure 33: Mexico Excavator Market Share By Application (2019 & 2025F)
Figure 34: Mexico Excavator Market Share By Machine (2019 & 2025F)
Figure 35: Rest Of North America Excavator Market Size by Value (2014-2019)
Figure 36: Rest of North America Excavator Market size by Value (2020F-2025F)
Figure 37: Rest Of North America Excavator Market Share By Application (2019 & 2025F)
Figure 38: Rest Of North America Excavator Market Share By Machine (2019 & 2025F)


COMPANIES MENTIONED

Caterpillar Private Limited
Hitachi Construction Machinery Co Ltd
J C Bamford Excavators Ltd
John Deere Ltd
Komatsu
Terex Corporation
Volvo Construction Equipments


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