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Dragline Excavator Market Analysis

  • Report ID: GMI8149
  • Published Date: Feb 2024
  • Report Format: PDF

Dragline Excavator Market Analysis

Based on the excavator, the standard lifting cranes segment held over 53% of the market share in 2023. Standard lifting cranes frequently provide greater variety in terms of applications including lifting, excavating, and material handling in mining, construction, and infrastructure development operations. Onsite excavators, while strong for specialized jobs, may be less adaptive to changing needs. Acquiring standard lifting cranes is often less expensive than onsite excavators. Due to their low cost, they are more accessible to a broader range of businesses, particularly small organizations, or those with limited resources. This larger consumer base leads to their increased market share.

Dragline Excavator Market Share, By Application, 2023

Based on the application, the surface mining segment recorded around 52% of the dragline excavator market share in 2023. Dragline excavators are highly efficient at moving enormous volumes of material, making them ideal for large-scale overburden removal and mineral extraction in surface mining. Their extended reach and strong buckets can handle large loads with fewer passes, thereby increasing productivity. Dragline excavators are also used to mine other minerals, such as copper, sand, and gravel, especially in large-scale open-pit operations. Their flexibility and effectiveness strengthen their position as market leaders in a wide range of surface mining applications.

China Dragline Excavator Market Size, 2022 -2032, (USD Million)

Asia Pacific dragline excavator market accounted for 44% of the revenue share in 2023. This region is undergoing rapid infrastructure development and industrialization, increasing demand for minerals such as coal, iron ore, copper, and lithium. Dragline excavators play an important part in large-scale surface mining and are ideal for meeting this demand effectively.

Also, extracting coal, which is a key energy source in many Asian countries, requires continuous reliance on surface mining, and dragline excavators meet the application demand. Apart from mining and infrastructure, dragline excavators are being used in land reclamation, port development, and renewable energy projects including wind farm construction, expanding their market rea

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of dragline excavator reached USD 816.7 million in 2023 and is set to witness 3% CAGR from 2024 to 2032, owing to the increasing demand for minerals and metals such as iron ore, coal, copper, and lithium worldwide.

The standard lifting cranes segment held over 53% market share in 2023, due to a wide range of applications including lifting, excavating, and material handling.

Asia Pacific market recorded 44% revenue share in 2023, attributed to rapid infrastructure development, industrialization, and increasing demand for minerals such as coal, iron ore, copper, and lithium in the region.

Deere & Co., Heavy Engineering Corp. Ltd., Hitachi Construction Machinery Co. Ltd., Hyundai Construction Equipment Co. Ltd., Komatsu Ltd., Liebherr International Deutschland GmbH, and Sumitomo Heavy Industries, Ltd., are some of the major dragline excavator companies worldwide.

Dragline Excavator Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 300
  • Countries covered: 24
  • Pages: 200
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