Excavators Market - Forecasts from 2019 to 2024
The excavators market is expected to grow at a CAGR of 6.01% to reach US$46.893 billion by 2024, from US$33.043 billion in 2018. Excavator is one of the major machines used in the building and construction industry for a wide range of applications including excavating, moving construction material and removing debris among others. The demand for excavators will witness significant growth due to rising investment in the construction industry in major developing economies. Simultaneously, the rising number of constructions orders for residential and commercial buildings in the developed regions to sustain economic growth will add to the growing demand for the excavators. Booming research and development expenditure so as to develop and market state-of-the-art equipment and increase the company profitability will augment the demand for excavators over the next five years.
By industry vertical, the excavator market is segmented as oil and gas, mining and power, mining, manufacturing, and others. The worldwide structure of excavators market is growing at a tremendous pace because of increasing investment in the oil and gas industry. The demand for these in the mining business will observe significant increase owing to burgeoning demand of base metals from the manufacturing industry.
By geography, the excavators advertise is portioned as North America, South America, Europe, Middle East and Africa, and the Asia Pacific. The Asia Pacific area will observer an increment in the demand of excavators as various economies are in the phase of accelerated development and multiple governments are spending vigorously across industry verticals for their infrastructural development. The rising number of SMEs owing to the implementation of favorable government policies will be one of the major factors responsible for boosting the demand for excavators in the developed regions of the world such as North America and Europe.
Major industry players profiled as a part of this report are Caterpillar, Komatsu, Volvo Construction Equipment, Hitachi Construction Equipment, Liebherr, Saline Manufacturing Inc., Zoomlion, Terex, Doosan Infracore, John Deere.
Segmentation
The excavators market has been analyzed through the following segments:
By Industry Vertical
Oil and Gas
Energy and Power
Mining
Manufacturing
Others
By Type
Crawler And Wheel-Based
Mini Excavators
By Component
Hardware
Service
By End-user
Residential
Non-residential
By Geography
North America
United States of America
Canada
Mexico
Others
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Italy
Others
Middle East and Africa
United Arab Emirates
Israel
Saudi Arabia
Others
Asia Pacific
China
Japan
India
South Korea
Others
By industry vertical, the excavator market is segmented as oil and gas, mining and power, mining, manufacturing, and others. The worldwide structure of excavators market is growing at a tremendous pace because of increasing investment in the oil and gas industry. The demand for these in the mining business will observe significant increase owing to burgeoning demand of base metals from the manufacturing industry.
By geography, the excavators advertise is portioned as North America, South America, Europe, Middle East and Africa, and the Asia Pacific. The Asia Pacific area will observer an increment in the demand of excavators as various economies are in the phase of accelerated development and multiple governments are spending vigorously across industry verticals for their infrastructural development. The rising number of SMEs owing to the implementation of favorable government policies will be one of the major factors responsible for boosting the demand for excavators in the developed regions of the world such as North America and Europe.
Major industry players profiled as a part of this report are Caterpillar, Komatsu, Volvo Construction Equipment, Hitachi Construction Equipment, Liebherr, Saline Manufacturing Inc., Zoomlion, Terex, Doosan Infracore, John Deere.
Segmentation
The excavators market has been analyzed through the following segments:
By Industry Vertical
Oil and Gas
Energy and Power
Mining
Manufacturing
Others
By Type
Crawler And Wheel-Based
Mini Excavators
By Component
Hardware
Service
By End-user
Residential
Non-residential
By Geography
North America
United States of America
Canada
Mexico
Others
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Italy
Others
Middle East and Africa
United Arab Emirates
Israel
Saudi Arabia
Others
Asia Pacific
China
Japan
India
South Korea
Others
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope Of The Study
1.4. Currency
1.5. Assumptions
1.6. Base, And Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power Of Suppliers
4.5.2. Bargaining Power Of Buyers
4.5.3. Threat Of New Entrants
4.5.4. Threat Of Substitutes
4.5.5. Competitive Rivalry In The Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. EXCAVATORS MARKET BY TYPE
5.1. Crawlers and Wheel-Based
5.2. Mini Excavators
6. EXCAVATORS MARKET BY COMPONENT
6.1. Hardware
6.2. Service
7. EXCAVATORS MARKET BY END-USER
7.1. Residential
7.2. Commercial
7.3. Industrial
8. EXCAVATORS MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.1.4. Others
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. United Kingdom
8.3.2. Germany
8.3.3. France
8.3.4. Italy
8.3.5. Others
8.4. Middle East And Africa
8.4.1. United Arab Emirates
8.4.2. Israel
8.4.3. Saudi Arabia
8.4.4. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. India
8.5.4. South Korea
8.5.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments And Deals
9.3. Strategies Of Key Players
10. COMPANY PROFILES
10.1. Caterpillar
10.2. Komatsu
10.3. Volvo Construction Equipment
10.4. Hitachi Construction Equipment
10.5. Liebherr
10.6. Hyundai Construction Equipment
10.7. Zoomlion
10.8. Terex
10.9. Doosan Infracore
10.10. John Deere
List Of Figures
List Of Tables
1.1. Market Overview
1.2. Market Definition
1.3. Scope Of The Study
1.4. Currency
1.5. Assumptions
1.6. Base, And Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power Of Suppliers
4.5.2. Bargaining Power Of Buyers
4.5.3. Threat Of New Entrants
4.5.4. Threat Of Substitutes
4.5.5. Competitive Rivalry In The Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. EXCAVATORS MARKET BY TYPE
5.1. Crawlers and Wheel-Based
5.2. Mini Excavators
6. EXCAVATORS MARKET BY COMPONENT
6.1. Hardware
6.2. Service
7. EXCAVATORS MARKET BY END-USER
7.1. Residential
7.2. Commercial
7.3. Industrial
8. EXCAVATORS MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.1.4. Others
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. United Kingdom
8.3.2. Germany
8.3.3. France
8.3.4. Italy
8.3.5. Others
8.4. Middle East And Africa
8.4.1. United Arab Emirates
8.4.2. Israel
8.4.3. Saudi Arabia
8.4.4. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. India
8.5.4. South Korea
8.5.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments And Deals
9.3. Strategies Of Key Players
10. COMPANY PROFILES
10.1. Caterpillar
10.2. Komatsu
10.3. Volvo Construction Equipment
10.4. Hitachi Construction Equipment
10.5. Liebherr
10.6. Hyundai Construction Equipment
10.7. Zoomlion
10.8. Terex
10.9. Doosan Infracore
10.10. John Deere
List Of Figures
List Of Tables
