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Excavator Market Share

Report ID: GMI5104
Published Date: Nov 2023
Report Format: PDF

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Excavator Market Share

Major players operating in the Excavator industry are:

AB Volvo
Caterpillar Inc.
Deere & Company
Doosan Infracore Co. Ltd
Hitachi Construction Machinery Co. Ltd
J.C.Bamford Excavators Ltd
Komatsu Ltd
Liebherr Group
Sany Heavy Industry Co., Ltd.
XCMG

Companies in the excavator business adopt key strategies to enhance their presence, including technological innovation, expanding product portfolios, forming strategic partnerships, and entering emerging markets. These approaches enable firms to stay competitive, meet evolving customer demands, and capitalize on opportunities for growth and market expansion.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of excavator was worth USD 44.6 billion in 2022 and is estimated to register over 4.5% CAGR between 2023 and 2032, due to the infrastructure development projects such as roads, bridges, airports, and urban development.

The mini/compact excavator market is experiencing substantial growth as these compact machines are increasingly preferred for their versatility, maneuverability, and efficiency in tight spaces, making them vital for urban construction and infrastructure projects.

Asia Pacific region captured more than 40% share of excavator market in 2022 and is expected to grow significantly through 2032, propelled by robust infrastructure development, urbanization, and expanding construction activities.

AB Volvo, Caterpillar Inc., Deere & Company, Doosan Infracore Co. Ltd, Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Ltd., Komatsu Ltd., Liebherr Group, Sany Heavy Industry Co., Ltd., and XCMG.