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Global Hydraulic Excavator Market 2017-2021

Global Hydraulic Excavator Market 2017-2021

About Hydraulic Excavator

Hydraulic excavators are heavy construction equipment that have a boom, dipper, and a bucket attached to a rotating platform, which sits on top of an undercarriage either with tracks or wheels. The excavation process is performed with the help of hydraulic pumps and cylinders. Excavators are used in many construction and mining sites. They are also being increasingly adopted in industries like railways for maintenance services.

Technavio’s analysts forecast the global hydraulic excavator market to grow at a CAGR of 1.43% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global hydraulic excavator market for 2017-2021. To calculate the market size, the report considers the revenue generated from new hydraulic excavator sales worldwide during 2016.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Hydraulic Excavator Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Caterpillar
  • Hitachi Construction Machinery
  • Komatsu
  • Volvo Construction Equipment
  • Xuzhou Construction Machinery Group (XCMG)
Other prominent vendors
  • Terex Construction
  • Liebherr
  • John Deere
  • SANY
  • Doosan Infracore
  • Zoomlion
  • JCB
  • Kobelco Construction Machinery
  • Metso
  • CNH Industrial
  • Hyundai Heavy Industries
  • Wirtgen Group
  • Atlas
  • LiuGong
  • Wacker Neuson
  • Manitou
  • Kubota
  • Sumitomo Heavy Industries
  • Palfinger
  • Sandvik Construction
  • Lonking
  • Fayat Group
  • Shantui
  • Hiab
  • Ammann
  • Astec Industries
  • Kato Works
  • Takeuchi
  • XGMA
  • Furukawa
  • Skyjack
  • BEML
  • IHI
  • Gradall
  • Yanmar
  • Rhino
  • New Holland
  • Mustang
  • LBX
  • Uralvagonzavod
  • ST Kinetics
Market driver
  • Changing demographics to boost infrastructure spending.
  • For a full, detailed list, view our report
Market challenge
  • Growing competition for global leadership in construction equipment.
  • For a full, detailed list, view our report
Market trend
  • Emergence of intelligent automation.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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 Hydraulic Excavator Market 2017-2021

Technavio recognizes the following companies as the key players in the global hydraulic excavator market: Caterpillar, Hitachi Construction Machinery, Komatsu, Volvo Construction Equipment, and Xuzhou Construction Machinery Group (XCMG).

Other Prominent Vendors in the market are: Terex Construction, Liebherr, John Deere, SANY, Doosan Infracore, Zoomlion, JCB, Kobelco Construction Machinery, Metso, CNH Industrial, Hyundai Heavy Industries, Wirtgen Group, Atlas, LiuGong, Wacker Neuson, Manitou, Kubota, Sumitomo Heavy Industries, Palfinger, Sandvik Construction, Lonking, Fayat Group, Shantui, Hiab, Ammann, Astec Industries, Kato Works, Takeuchi, XGMA, Furukawa, Skyjack, BEML, IHI, Gradall, Yanmar, Rhino, New Holland, Mustang, LBX, Uralvagonzavod, and ST Kinetics.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is machine control and telematics. Since the commencement of the earthmoving industry, manufacturers have been striving to make the process quicker and more fuel effective. At present, numerous players are taking up new approaches to enhance the effectiveness of systems to reduce maintenance and fuel utilization. Currently, Caterpillar has several fleets of autonomous haul trucks operating in mining operations around the world, for example, at a facility in Australia. With an end goal to help all operators to perform the best, many manufacturers are including machine guidance and control innovation as options in their most recent models.”

According to the report, one driver in the market is increased adoption of excavators in other industries. The crawler excavator has primarily been the machine of choice as an all-purpose vehicle in the construction and mining industries as it can be easily modified for other applications with attachments. Innovative progressions owing to modernization and digitization have revamped the requirement for excavators from traditional applications such as mining and construction to advanced applications like military and railways. Railways worldwide are adopting excavators for various rail maintenance activities, as these machines are versatile and can move on and off the rail tracks. Also, with various attachment options like hydraulic brush cutters, undercutter bars, tie tampers, and tie inserters that can be fitted onto a single machine, multiple operations can be performed effectively. These advantages are pushing the demand for excavators in this segment. Vendors like MECALAC have begun manufacturing excavators specifically for application in railways.

Further, the report states that one challenge in the market is stringent environmental laws and regulations. The global hydraulic excavator market is experiencing a noteworthy change as the new emission legislations worldwide are proving to be crucial factors of growth. These stringent regulations are compelling manufacturers to make considerable investments toward new technological advances. In addition, at present, the market is encountering low sales volumes. The slowdown in machine sales in the recent years has occurred when manufacturers are adopting new low-emission products. This has added to the burden of meeting stringent emission norms in Europe and North America as the Tier 4 Final/Stage IV prerequisites are made compulsory in these regions. Though complex and expensive, these advances have cut emissions from machines, but have brought about expanded costs.

Companies Mentioned

Caterpillar, Hitachi Construction Machinery, Komatsu, Volvo Construction Equipment, Xuzhou Construction Machinery Group (XCMG), Terex Construction, Liebherr, John Deere, SANY, Doosan Infracore, Zoomlion, JCB, Kobelco Construction Machinery, Metso, CNH Industrial, Hyundai Heavy Industries, Wirtgen Group, Atlas, LiuGong, Wacker Neuson, Manitou, Kubota, Sumitomo Heavy Industries, Palfinger, Sandvik Construction, Lonking, Fayat Group, Shantui, Hiab, Ammann, Astec Industries, Kato Works, Takeuchi, XGMA, Furukawa, Skyjack, BEML, IHI, Gradall, Yanmar, Rhino, New Holland, Mustang, LBX, Uralvagonzavod, and ST Kinetics.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Steps involved to derive market size
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global hydraulic excavator market: Segmentation by technology
    • Market size and forecast
      • Table Capacity utilization of mining industry 1967-2014
      • Table Global hydraulic excavator market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global hydraulic excavator market by application
      • Table Segmentation of global hydraulic excavator market by application 2016
    • Mining
      • Table Global hydraulic excavator market by mining 2016-2021 ($ billions)
    • Construction
      • Table Various uses of excavators in construction sites
      • Table Global hydraulic excavator market by construction 2016-2021 ($ billions)
    • Utility
      • Table Global hydraulic excavator market by utility 2016-2021 ($ billions)
  • Market segmentation by technology
    • Global hydraulic excavator market segmentation by technology
      • Table Segmentation of global hydraulic excavator market by technology 2016
    • Crawler excavators
      • Table Global hydraulic excavator market by crawler excavators 2016-2021 ($ billions)
    • Wheeled excavators
      • Table Global hydraulic excavator market by wheeled excavators 2016-2021 ($ billions)
    • Mini excavators
      • Table Global hydraulic excavator market by mini excavators 2016-2021 ($ billions)
  • Market segmentation by end-user
    • Global hydraulic excavator market by end-user
      • Table Segmentation of global hydraulic excavator market by end-user 2016
    • Contractors
      • Table Global hydraulic excavator market by contractors 2016-2021 ($ billions)
    • Rental providers
      • Table Global hydraulic excavator market by rental providers 2016-2021 ($ billions)
    • Others
      • Table Global hydraulic excavator market by others 2016-2021 ($ billions)
  • Geographical segmentation
    • Global hydraulic excavator market by geography
      • Table Global hydraulic excavator market by geography 2016
      • Table Global hydraulic excavator market by geography 2016-2021 ($ billions)
    • Americas
      • Table Hydraulic excavator market in Americas 2016-2021 ($ billions)
    • EMEA
      • Table Hydraulic excavator market in EMEA 2016-2021 ($ billions)
    • APAC
      • Table Hydraulic excavator market in APAC 2016-2021 ($ billions)
  • Market drivers
    • Changing demographics to boost infrastructure spending
      • Table Global public debt 2006-2016 ($ trillions)
    • Increased adoption of excavators in other industries
    • Growth in rental market
    • Rise of MINT countries
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Stringent environmental laws and regulations
    • Lack of qualified workers
    • Market fluctuations
    • Growing competition for global leadership in construction equipment
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Rise of hybrids
    • Emergence of intelligent automation
    • Machine control and telematics
    • Advances in 3D printing
  • Vendor landscape
    • Vendor overview
    • Other prominent vendors
  • Key vendor analysis
    • Caterpillar
      • Table Caterpillar: Hydraulic excavator product range
      • Table Caterpillar: Recent developments
    • Hitachi Construction Machinery
      • Table Hitachi Construction Machinery: Hydraulic excavator product range
      • Table Hitachi Construction Machinery: Recent developments
    • Komatsu
      • Table Komatsu: Hydraulic excavator product range
      • Table Komatsu: Recent developments
    • Volvo Construction Equipment
      • Table Volvo Construction Equipment: Excavator products
      • Table Volvo Construction Equipment: Recent developments
    • Xuzhou Construction Machinery Group (XCMG)
      • Table XCMG: Hydraulic excavator product range
      • Table XCMG: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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