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  • Hydraulic Excavators Market Growth Analysis | 2022-2027

    Hydraulic Excavators Market Growth Analysis | 2022-2027

    Hydraulic Excavators Market Growth Analysis | 2022-2027
    Report code - SRCE102 Delivery - 2 Weeks
    Hydraulic Excavators Market Size, Share, Trends, Forecast, & Growth Analysis – 2 See more...

    Market Insights

    "The hydraulic excavators market is likely to grow at a CAGR of 2.5% during the forecast period of 2022-2027."

    Htdraulic-Excavators-Market-Insights

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    Introduction

    A hydraulic excavator is a vehicle that is built for digging, uncovering, and demolition. It is a type of heavy construction equipment that is used in commercial and residential buildings, as well as mining and sewage disposal.

    Hydraulic Excavators Market Report Highlights

    Market Size in 2021

    USD XX billion

    Market Size in 2027

    USD XX billion

    Market Growth (2022-2027)

    2.5% CAGR

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2027

    Market Dynamics

    The market is expected to grow owing to the increasing demand for transportable and low-cost energy-efficient hydraulic excavators from various sectors such as infrastructure, mining, and waste management. Furthermore, technological innovation and upgradation by manufacturers are expected to propel the demand for hydraulic excavators and fuel the market growth over the forecast period.

    Hydraulic-Excavators-Market-Dynamics

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    Segments' Analysis

    By Type

    Based on the type, the market is segmented as crawler, mini, and wheeled. The wheeled segment is expected to witness significant growth in the market during the forecast period. The segment's growth is driven by the ease with which wheeled hydraulic excavators can be transported from one location to another, as well as their weight.

    By Application Type

    Based on the application type, the market is segmented as infrastructure, mining, and others. The infrastructure application segment is estimated to account for the major share of the market during the forecast period as the purchasing power of people has increased, resulting in increased investments in the building sector. Furthermore, demand for hydraulic excavators is increasing at a rapid rate, owing to growing infrastructure investments in developing nations such as China and India, and this trend is expected to continue in the coming years. The aforementioned factors are likely to drive the demand for hydraulic excavators, hence propelling the growth of the market.

    Regional Insights

    In terms of regions, Asia-Pacific is estimated to be the leading region in the market during the forecast period. The growth of the region’s market is driven by increasing urbanization and infrastructure-related activities in developing economies such as China and India. Also, North America is expected to have a significant market share in terms of revenue, followed by Europe over the forecast period.

    Hydraulic-Excavators-Market-Regional-Insights

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories.

    By Type

    • Crawler
    • Mini
    • Wheeled

    By Application Type

    • Infrastructure
    • Mining
    • Others

    By Power Rating Type

    • 0-300 HP
    • 301-500 HP
    • Above 501 HP

    By End-User Type

    • Contractors
    • Rental Providers
    • Others

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Hydraulic-Excavators-Market-Segmentation

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    Key Players

    Some of the key players in the market are-

    • Hyundai Heavy Industries Co., Ltd.
    • Doosan Infracore.
    • Sany Heavy Industry Co., Ltd.
    • John Deere Shandong Lingong Construction Machinery Co., Ltd.
    • Zoomlion Heavy Industry Science and Technology Co., Ltd.
    • Kobelco Construction Machinery
    • Xuzhou Construction Machinery Group
    • Hitachi Construction Machinery
    • Komatsu Limited

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Hydraulic Excavators Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    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 to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    A hydraulic excavator is a vehicle that is built for digging, uncovering, and demolition. It is a type of heavy construction equipment that is used in commercial and residential buildings, as well as mining and sewage disposal.

    The hydraulic excavators market is expected to witness an impressive growth of 2.5% CAGR in the coming years.

    Hyundai Heavy Industries Co., Ltd., Doosan Infracore., Sany Heavy Industry Co., Ltd., John Deere Shandong Lingong Construction Machinery Co., Ltd., Zoomlion Heavy Industry Science and Technology Co., Ltd., Kobelco Construction Machinery, Xuzhou Construction Machinery Group, Hitachi Construction Machinery, and Komatsu Limited are among the key players in the market.

    The wheeled segment is expected to witness significant growth in the market in the next five years.

    The infrastructure application segment is expected to account for the major share in the market during the foreseeable years.

    Asia-Pacific is expected to be the leading market during the forecast period.

    Increasing demand for transportable and low-cost energy efficient hydraulic excavators, technological innovation and upgradation by manufacturers are the factors driving the growth of the market.