The Global Hydraulic Excavator Market size was valued at USD 10.04 billion in 2021 and is estimated to reach USD 21.43 billion by 2030, recording a CAGR of 4.3% during the forecast period. Due to growing infrastructure investments in developing countries, the demand for hydraulic excavators is rising significantly and is anticipated to rise further in the coming years.
A large, specially designed truck called a hydraulic excavator is used for excavation and demolition tasks. Hydraulic excavators can also be used to efficiently transport significant amounts of minerals and other items from one place to another. Hydraulic excavators are frequently used in construction for grading, shaft drilling, and foundation digging. All of the movements and functions of hydraulic excavators are made possible by hydraulic cylinders, liquids, and motors. In infrastructure, mining, and other related industries, hydraulic excavators are used.
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Eminent key players in the global hydraulic excavator market are employing a variety of organic and inorganic approaches, including mergers and acquisitions and joint ventures, in order to maintain their foothold in the competitive market. Additionally, market players are creating and introducing new products to maintain a competitive advantage in the sector.
LIST OF KEY COMPANIES PROFILED:
- AB Volvo
- Alamo Group Inc.
- Astec Industries Inc.
- BEML Ltd.
- Caterpillar Inc.
- CNH Industrial NV
- Deere and Co.
- Doosan Infracore Co. Ltd.
- FAYAT SAS
- Guangxi LiuGong Machinery Co. Ltd.
- Hitachi Construction Machinery Co. Ltd.
- Hyundai Construction Equipment Co., Ltd.
Key Developments:
July 2022- CSN, one of the world’s biggest mining companies, chooses SANY Mining Equipment, has chosen 23 SANY SKT90S off-road trucks and three SANY SY750H excavators of SANY Mining Equipment.
November 2021- Hitachi Construction Machinery announced that their first medium-sized Hitachi ZX200-6 utility hydraulic excavator has shipped to the U.S. from Japan.
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SEGMENTATION
By Type
- Crawler
- Mini
- Wheeled
By Power Rating
- 0-250 HP
- 251-500 HP
- Above 501 HP
By Application
- Construction
- Mining
- Waste Management
On the basis of the application, the global hydraulic excavator market is bifurcated into construction, mining, and waste management. As a result of rising consumer spending power and consequent growth in construction sector investments, the construction application segment is anticipated to hold a substantial share of the market over the forecast period.
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The global hydraulic excavator market is expanding due to rising urbanization. The demand for hydraulic excavators is gradually increasing as industrial activities expand. Some of the factors that drive market expansion are urbanization, rising infrastructural investments, and a growing world economy. One of the main factors driving the expansion of the hydraulic excavator market is the rising demand for large-scale project management.
By Region:
North America- U.S., Mexico, Canada
Europe- UK, France, Germany, Italy, Spain, Rest of Europe
Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
South America- Brazil, Argentina, Colombia, Rest of South America
The Middle East and Africa- GCC, South Africa, Rest of the Middle East & Africa
The North America region is dominating the market share of the global hydraulic excavator market due to increased partnerships between rental fleet operators and excavator manufacturers, as well as burgeoning infrastructure projects. The expansion of the hydraulic excavator market is aided by the rising construction of commercial and industrial structures throughout the anticipated period.
However, the Asia Pacific region is expected to rise over the foreseeable future in the global hydraulic excavator market due to the accelerating demand for hydraulic excavators as a result of increasing infrastructure investments and urbanisation in developing nations like China and India. This will further fuel demand in the Asia-Pacific region for the market share
Browse Complete TOC @ https://www.extrapolate.com/toc/machinery-equipment/hydraulic-excavator-market/26041
- Chapter 1. Executive Summary
- Chapter 2. Research Methodology
- Chapter 3. Market Outlook
- Chapter 4. COVID-19 Impact On Hydraulic Excavator Market
- Chapter 5. Global Hydraulic Excavator Market Overview, By Type, 2017 – 2030(USD Million)
- Chapter 6. Global Hydraulic Excavator Market Overview, By Power Rating, 2017 – 2030(USD Million)
- Chapter 7. Global Hydraulic Excavator Market Overview, By Application, 2017 – 2030(USD Million)
- Chapter 8. Global Hydraulic Excavator Market Overview, By Geography, 2017 – 2030(USD Million)
- Chapter 9. North America Hydraulic Excavator Market Overview, By Countries, 2017 – 2030(USD Million)
- …TOC Continued
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