Stratview Research has published a new report on the Hydraulic Excavators Market, segmented by Type (Crawler, Mini, and Wheeled), by Application Type (Infrastructure, Mining, and Others), by Power Rating Type (0-300 HP, 301-500 HP, and Above 501 HP), by End-User Type (Contractors, Rental Providers, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). This report provides critical insights into the market dynamics and enables strategic decision-making for the existing and new market players.

Market Highlights

The hydraulic excavators market is likely to witness a CAGR of 2.5% during the forecast period.

What is a hydraulic excavator?

A hydraulic excavator is a vehicle that is built for digging, uncovering, and demolition. It is a type of heavy construction equipment that is used in commercial and residential buildings, as well as mining and sewage disposal.

Market Dynamics

The market is expected to grow owing to the increasing demand for transportable and low-cost energy-efficient hydraulic excavators from various sectors such as infrastructure, mining, and waste management. Furthermore, technological innovation and upgradation by manufacturers are expected to propel the demand for hydraulic excavators and fuel the market growth over the forecast period.

Segmentation –

This report studies the Hydraulic Excavators Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:

Based on the type, the market is segmented as crawler, mini, and wheeled. The wheeled segment is expected to witness significant growth in the market during the forecast period. The segment's growth is driven by the ease with which wheeled-hydraulic excavators can be transported from one location to another, as well as their weight.

Based on the application type, the market is segmented as infrastructure, mining, and others. The infrastructure application segment is estimated to account for the major share of the market during the forecast period as the purchasing power of people has increased, resulting in increased investments in the building sector. Furthermore, demand for hydraulic excavators is increasing at a rapid rate, owing to growing infrastructure investments in developing nations such as China and India, and this trend is expected to continue in the coming years. The aforementioned factors are likely to drive the demand for hydraulic excavators, hence propelling the growth of the hydraulic excavator market.

In terms of regions, Asia-Pacific is estimated to be the leading region in the market during the forecast period. The growth of the region’s market is driven by increasing urbanization and infrastructure-related activities in developing economies such as China and India. Also, North America is expected to have a significant market share in terms of revenue, followed by Europe over the forecast period.

The following are the key players in the Hydraulic Excavators Market:

  • Hyundai Heavy Industries Co., Ltd.
  • Doosan Infracore.
  • Sany Heavy Industry Co., Ltd.
  • John Deere Shandong Lingong Construction Machinery Co., Ltd.
  • Zoomlion Heavy Industry Science and Technology Co., Ltd.
  • Kobelco Construction Machinery
  • Xuzhou Construction Machinery Group
  • Hitachi Construction Machinery
  • Komatsu Limited

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