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    Excavator Attachments Market Report

    Excavator Attachments Market Report
    Report code - SRCE284 Delivery - 2 Weeks
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    Global Excavator Attachments Market, Dynamics, and Market Analysis
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    Impact of COVID-19 on Excavator Attachments Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Excavator Attachments Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global Excavator Attachments Market is expected to grow from USD 4.8 billion in 2020 to USD 6.1 billion by 2026 at a CAGR of over 4.1% during the forecast period.

    Figure: Global Excavator Attachments Market Size, 2020-2026 (USD Billion)

    Excavator-Attachments-Market-Forecast

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    What are Excavator attachments?

    Excavator attachments are defined as equipment that is being widely used at construction and mining sites for various applications such as drilling, demolition, compacting, digging, and ripping. These excavators are available in different sizes from mini to large. Excavators are the most commonly used equipment in the construction industry.

    Key Players

    Key players operating in the global Excavator Attachments Market are-

    • Caterpillar Inc. (The US),
    • Craig Manufacturing Ltd. (Canada),
    • Sandvik AB (Sweden),
    • Epiroc Mining India Limited (India),
    • Rockland Acquisition Company, LLC (The US),
    • Geith International Ltd. (Ireland),
    • Doosan Infracore (South Korea),
    • Atlas-copco (Sweden),
    • Kenco Group (The US),
    • Manitou (France),
    • ACS Industries (The US),
    • AMI Attachments (Canada),
    • EVERDIGM (South Korea), and
    • Komatsu Ltd. (Japan).

    Market Dynamics

    The growth of the global excavator attachments market is primarily driven by expanding construction industry with rising in both residential and non-residential construction activities.

    • In the construction industry excavators are primarily used for digging holes, trenches, and foundations.
    • Increased spending on the renovation of buildings to make energy-efficient and modern buildings is likely to fuel the product demand significantly.
    • The growing mining industry with high demand for precious metals is propelling the market growth substantially.
    • High demand for more technologically advanced products is likely to create lucrative opportunities for the players operating in the global excavator attachment market.

    Segment Analysis

    Type Trends

    Based on type, the market has been segmented into buckets, grapples, rakes, hammers, augers, and others.

    • The buckets segment accounted for more than a 25% share of the global excavator attachments market in 2020.
    • Buckets are used for various applications such as digging, grading and ditch cleaning among others.
    • Hammers segment is expected to register healthy CAGR during the review period.

    Regional Trends

    Geographically, the market in Asia-Pacific accounted for the largest market share in 2020 and is expected to continue its dominance during the review period.

    • The market growth can be attributed to expanding industrialization and growing urbanization in countries such as China and India. Increased spending by the government construction activities for infrastructural development in the emerging economies is likely to propel the market growth further.
    • The market in Europe and Asia-Pacific region is expected to register considerable CAGR during the review period.

    COVID-19 Impact on Global Excavator Attachments Market

    The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus. This led to travel restrictions and supply chain disruptions which affected the growth of the excavator attachments market. The cancellation of various construction and mining projects amid the lockdown period hampered the market growth significantly. However, with the lift of lockdown, the growth of the end-use industries is likely to gain momentum and thus, drive the market growth.

    Critical Questions Answered in the Report

    • What are the key trends in the global excavator attachments market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global excavator attachments market?
    • What are the key strategies adopted by the major vendors to lead in the global excavator attachments market?
    • What is the market share of the top vendors?

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    Target Audience

    Here is the list of the group of customers that the Excavator Attachments market hopes to have the greatest opportunity to convert-

    • Excavator attachments manufacturers
    • Excavator attachments suppliers
    • Excavator attachments distributors
    • Organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The excavator attachments market is expected to witness an impressive growth of 4.1% CAGR in the foreseeable future.

    The excavator attachments market size is expected to reach an estimated value of USD 6.1 billion in the coming years.

    Caterpillar Inc. (The US), Craig Manufacturing Ltd. (Canada), Sandvik AB (Sweden), Epiroc Mining India Limited (India), Rockland Acquisition Company, LLC (The US), Geith International Ltd. (Ireland), Doosan Infracore (South Korea), Atlas-copco (Sweden), Kenco Group (The US), Manitou (France), ACS Industries (The US), AMI Attachments (Canada), EVERDIGM (South Korea), and Komatsu Ltd. (Japan) are among the key players in the excavator attachments market.

    Asia-pacific is expected to remain dominant in the excavator attachments market during the forecast period.

    The prime factor driving the growth of excavator attachments market is expanding construction industry with rising in both residential and non-residential construction activities.

    Excavator attachments manufacturers, Excavator attachments suppliers, Excavator attachments distributors, Organizations, Government bodies are the target audience in the excavator attachments market.

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