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Wheel Excavator Market Share

Report ID: GMI7449
Published Date: Nov 2023
Report Format: PDF

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Wheel Excavator Market Share

Major players operating in the wheel excavator industry are:

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

Major players in the market are intensely competing to secure market shares through strategies such as technological innovation, product enhancement, strategic partnership, and geographical expansion. This competitive landscape reflects their efforts to gain a competitive edge and meet the evolving market demands.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of wheel excavator was worth USD 10.7 billion in 2022 and is estimated to register over 5.5% CAGR through 2032, owing to the growing focus on decarbonization in the construction sector.

The mini/compact segment held over 40% market share in 2022 and will grow significantly through 2032, due to the cost-effectiveness and easy maneuverability of these wheel excavators.

Asia Pacific wheel excavator market captured around 35% share in 2022 and will witness an increase in product demand due to the growing urbanization across APAC region.

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