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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Excavators Market Size
The global excavators market value is expected to grow at a CAGR of 4.9% during the period 2024-2032.
| Global Excavators Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | XX |
| Market Size 2032 | USD Billion | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.9% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 5.6% |
| CAGR 2024-2032 - Market by Country | Saudi Arabia | 5.7% |
| CAGR 2024-2032 - Market by Country | China | 5.5% |
| CAGR 2024-2032 - Market by Product | Mini/Compact | 5.8% |
| CAGR 2024-2032 - Market by Application | Construction | 5.4% |
| Market Share by Country 2023 | Japan | 4.8% |
Excavators Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4.9% between 2024 and 2032.
The major drivers of the market include the government focus on major projects, booming construction industry, growing requirement of robust, effective, and mobile construction equipment over heavy construction equipment, rising advancements in technology, and widespread usage in mining applications.
Increasing number of private and public infrastructure projects and growing economic development activity are the key industry trends propelling the market's growth.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The market is categorised according to the product, wheeled, crawler, and mini/compact, among others.
Based on the application, the market is divided into construction, mining, and others.
The market’s key players are Caterpillar Inc., Komatsu Ltd., Liebherr-International Deutschland GmbH, Volvo Group, and Hitachi Construction Machinery Co., Ltd., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124