Global Excavator Market 2015-2019

Global Excavator Market 2015-2019

About excavators

Excavators are used to unearth, transport, and unload materials with the help of a bucket fitted to a boom. They move on crawlers or wheels. Excavators are versatile heavy construction machines used for below- and above-ground operations, including land leveling, digging trenches, and sinking wells.

The global excavator market witnessed a healthy growth of 10.24% Y-o-Y in 2014, as compared to 10.17% in 2013. The market was driven by increased investment in the construction sector, particularly in APAC. In 2014, APAC accounted for the highest market share of 70.41% of the global excavator market. Countries such as China, India, Indonesia, Singapore, Malaysia, and Philippines have significantly contributed to the growth of the market. Large-scale investments have been planned across these countries for the development of transport infrastructure and construction of new power plants, particularly nuclear. Further, investments in the mining sector, particularly in Latin America, have also contributed to the growth of the market. Owing to the above-mentioned factors, the demand for excavators is expected to grow significantly during the forecast period. According to Technavio, the global excavator market is expected to grow at a CAGR of 10.52% during the period 2014-2019.

In 2014, the crawler excavator segment dominated the global excavator market with a market share of 78.37%, while the remaining share was accounted for by the mini excavator segment with a share of 21.63%. This trend is likely to continue during the forecast period. Owing to such high demand for excavators, equipment manufacturers are developing new excavators that are fuel-efficient and technologically advanced with features such as display of real time information regarding performance. In addition, the equipment rental business is also growing rapidly in Europe and the US, but the sector is still in the nascent stage in APAC.

Technavio's analysts forecast the global excavator market to grow at a CAGR of 10.52% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the global excavators market for the period 2015-2019. The market size has been calculated based on the total revenue generated from the consumption of excavators. It does not consider the sale of used equipment or revenue generated from contracts and maintenance.

The report also presents a detailed analysis of the geographical segmentation. In addition, the report also presents a detailed analysis on the key vendors in the market. The report also discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.

Key vendors

  • Caterpillar
  • Deere & Company
  • Hitachi Construction Machinery
  • Komatsu
  • Volvo Construction Equipment
Other prominent vendors
  • Bharat Earth Movers
  • Doosan Heavy Industries & Construction
  • Guangxi LiuGong Machinery
  • JCB
  • Sany Group
  • XCMG
  • Zoomlion Heavy Industry Science and Technology
Market driver
  • Increased focus on public transport infrastructure
  • For a full, detailed list, view our report
Market challenge
  • Stringent emission norms
  • For a full, detailed list, view our report
Market trend
  • Growing demand for fuel-efficient excavators
  • For a full, detailed list, view our report.
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Excavator Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Excavator Market: Caterpillar, Deere & Company, Hitachi Construction Machinery, Komatsu and Volvo Construction Equipment

Other Prominent Vendors in the market are: Bharat Earth Movers, Doosan Heavy Industries & Construction, Guangxi LiuGong Machinery, JCB, Sany Group, XCMG and Zoomlion Heavy Industry Science and Technology

Commenting on the report, an analyst from Technavio’s team said: “Excavator manufacturers globally are focusing strongly on the development of software-enabled control systems. These intelligent machines help in reducing the duplication of work by providing accurate digging measurements, and, at the same time, they provide information pertaining to the positioning of the components attached to the excavator. Further, the laser and slop sensors in these systems are able to measure the tilt and slope of the blade and the lift control in the excavator.”

According to the report, government initiatives across different countries have not only spurred investment in the construction sector but have also propelled demand for construction equipment. Governments across countries such as Brazil, Turkey, China, India, Qatar, Poland, and the US have contributed to the growth of infrastructure development by way of new policy frameworks. This indeed has led many equipment manufactures to locate their production facilities in these countries.

Further, the report states that increasing competition among equipment manufacturers has led to an increased need for product differentiation. Therefore, market vendors are trying to differentiate their products by providing additional support and services.

Companies Mentioned

Caterpillar, Deere & Company, Hitachi Construction Machinery, Komatsu, Volvo Construction Equipment ,Bharat Earth Movers, Doosan Heavy Industries & Construction, Guangxi LiuGong Machinery, JCB, Sany Group, XCMG and Zoomlion Heavy Industry Science, Technology

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global excavator market size 2014-2019 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Table Global excavator market segmentation by type 2014-2019
  • Geographical segmentation
    • Table Global excavator market by geographical segmentation 2014-2019
    • Excavator market in APAC
      • Table Global excavator market in APAC market size 2014-2019
      • Table Global excavator market segment by type in APAC 2014-2019
      • Table Investment in construction sector in APAC 2014 ($ billions)
      • Table Key leading countries in APAC by market size and forecast
      • Table Excavators sold in Japan (in units) 2011-2014
    • Excavator market in EMEA
      • Table Global excavator market in EMEA 2014-2019 ($ billions)
      • Table Excavator market segmentation in EMEA 2014-2019
      • Table Investment in construction sector in EMEA 2014 ($ billions)
      • Table Key leading countries in EMEA by market size and forecast
    • Excavator market in the Americas
      • Table Global excavator market in Americas 2014-2019 ($ billions)
      • Table Global excavator market segmentation by type in Americas 2014-2019
      • Table Investment in construction sector in Americas 2014 ($ billions)
      • Table Key leading countries in the Americas by market size and forecast
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Key vendor analysis
    • Caterpillar
      • Table Caterpillar: Business segmentation 2014 by revenue
      • Table Caterpillar: Geographical segmentation by revenue 2014
    • Deere & Company (John Deere)
      • Table John Deere: Business segmentation 2014
      • Table John Deere: Business segmentation by revenue 2014
      • Table John Deere: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table John Deere: Geographical segmentation by revenue 2014
    • Hitachi Construction Machinery
      • Table Hitachi Construction Machinery: Product segmentation
      • Table Hitachi Construction Machinery: Product segmentation by revenue 2015
      • Table Hitachi Construction Machinery: Product segmentation by revenue 2014 and 2015 ($ billions)
      • Table Hitachi Construction Machinery: Geographical segmentation by revenue 2015
    • Komatsu
      • Table Komatsu: Business segmentation 2014
      • Table Business segmentation by revenue 2014 and 2015
    • Volvo Construction Equipment
      • Table Volvo: Geographical segmentation by revenue 2014
      • Table Volvo: Geographical segmentation by revenue 2013 and 2014 ($ billions)
  • Appendix
    • List of abbreviations
  • Explore Technavio

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