The global Excavator market size is projected to reach USD 77.74 billion by 2029
- Global Excavator Market
Excavators are heavy Construction Machinery consisting of a boom, dipper (or stick), bucket and cab on a rotating platform known as the "house". The house sits atop an undercarriage with tracks or wheels. They are a natural progression from the steam shovels and often mistakenly called power shovels. All movement and functions of a hydraulic excavator are accomplished through the use of hydraulic fluid, with hydraulic cylinders and hydraulic motors. Due to the linear actuation of hydraulic cylinders, their mode of operation is fundamentally different from cable-operated excavators which use winches and steel ropes to accomplish the movements.
According to the new market research report “Global Excavator Market Report 2023-2029”, published by GIResearch, the global Excavator market size is projected to reach USD 77.74 billion by 2029, at a CAGR of 2.9% during the forecast period.
- Global Excavator MarketSize(US$ Million), 2018-2029
Source: GlobalInfoResearch, “Global Excavator Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”(published in 2023). If you need the latest data, plaese contact GIResearch..
- Global Excavator Top20Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: GlobalInfoResearch, “Global Excavator Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”(published in 2023). If you need the latest data, plaese contact GIResearch.
The global key manufacturers of Excavator include Caterpillar, SANY, Kubota, Komatsu, XCMG, Hitachi, Doosan, SDLG, Liugong Machinery, Volvo, etc. In 2022, the global top five players had a share approximately 50.0% in terms of revenue.
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