This report presents the worldwide Excavators market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
An excavator is a construction vehicle used to dig or move large objects. It is made up of two parts: a driving base and a powerful boom arm with an attachment designed for digging. The operator sits inside a small cab attached to the base and controls the arm.
Asia Pacific dominates the global excavator market, led by the growth in infrastructure development and rise in urbanization in China. Increase in population in countries such as China and India is expected to boost the construction market. Construction of roads and infrastructure is anticipated to increase rapidly in developing countries such as China and India. This is estimated to propel the excavators market. North America is also a favorable market for excavators. Outlook for the excavator market in Europe also appears positive, as excavators are used on a large scale in developed countries such as Germany, France, and the U.K. The excavator market in Saudi Arabia and Turkey is also growing rapidly. This is projected to augment the excavator market in Middle East & Africa. The region is a leading market for oil & gas. This offers immense opportunities to the excavator market in Middle East & Africa. Excavators are employed in the mining of oil. Thus, demand for excavators in Middle East & Africa is increasing. Competition is likely to intensify in the global excavator market in the next few years owing to implementation of new emission norms. This is also estimated to create new market opportunities.
The Excavators market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Excavators.
The following manufacturers are covered in this report:
Excavators Breakdown Data by Type
Mini Excavator(1-6 t)
Small Excavator(6.1-15 t)
Medium-sized Excavator(15.1-30 t)
Large-sized Excavator(Above 30 t)
Excavators Breakdown Data by Application
Mining & Oil Well
Excavators Production by Region
Excavators Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Excavators status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Excavators manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Excavators :
History Year: 2013 - 2017
Base Year: 2017
Estimated Year: 2018
Forecast Year: 2018 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Excavators market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.