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Global Hydraulic Excavator Market 2019-2023

Global Hydraulic Excavator Market 2019-2023

About this market

Growing awareness of global warming and climate change is creating a demand for green buildings. Buildings emit more greenhouse gases than the transportation industry. Huge amount of energy is consumed during the construction, establishment and subsequent services of buildings. Green buildings are energy efficient-buildings which are designed to consume less energy. Green buildings conserve energy by recycling the by-products released by the building. The energy consumption will increase with growing demand for residential and commercial spaces in developing nations. This will create a demand for energy efficient green buildings which will consequently drive the growth of the hydraulic excavator market during the forecast period. Technavio’s analysts have predicted that the hydraulic excavator market will register a CAGR of over 2% by 2023.Market Overview

Increasing requirement for large-scale project management

Hydraulic excavators help in automating processes which results in low workloads and high overall productivity. The revenues can also be increased by reducing the operating time through conversion ratio and running time calculation. Efficient process management can be achieved by hydraulic excavators due to their ability to provide automated services which reduce response time. These benefits of hydraulic excavators help in efficient large-scale project management which in turn drives its adoption in the construction industry.

Stringent emission regulations for construction machinery

Environment governing bodies have set up strict norms to reduce emissions from factories, production facilities, machinery, vehicles, and equipment. These norms limit particulate matter emission for construction machinery. Vendors need to install additional parts in the equipment to comply with these strict emission norms. This increases the cost of the machinery thereby hurting the growth prospects of the hydraulic excavator market.

For the detailed list of factors that will drive and challenge the growth of the hydraulic excavator market during 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Caterpillar, and Hitachi Construction Machinery the competitive environment is quite intense. Factors such as the, growing demand for large-scale project management will provide considerable growth opportunities to hydraulic excavator manufacturers. Caterpillar, Hitachi Construction Machinery, Komatsu, Terex, and Volvo are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Hydraulic Excavator Market 2019-2023

Technavio recognizes the following companies as the key players in the global hydraulic excavator market: Caterpillar, Hitachi Construction Machinery, Komatsu, Terex, and Volvo.

Commenting on the report, an analyst from Technavio’s team said: “The demand for green buildings will increase during the forecast period. The growing construction of green buildings will drive the growth of the hydraulic excavator market.”

According to the report, one of the major drivers for this market is the growing demand for large scale project management in the construction industry. Hydraulic excavators offer several beneficial features such as process management, profitability projection, and automation which helps in efficient large-scale project management.

Further, the report states that one of the major factors hindering the growth of this market is the strict emission regulations for construction machinery. To follow these norms, vendors need to install additional parts in their products which increases the overall costs and therefore hamper market growth.

Companies Mentioned

Caterpillar

Hitachi Construction Machinery

Komatsu

Terex

Volvo

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global construction machinery market
      • Table Segments of global construction machinery market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ billions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Contractors - Market size and forecast 2018-2023
      • Table Contractors - Market size and forecast 2018-2023 ($ billions)
      • Table Contractors - Year-over-year growth 2019-2023 (%)
    • Rental providers - Market size and forecast 2018-2023
      • Table Rental providers - Market size and forecast 2018-2023 ($ billions)
      • Table Rental providers - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ billions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Construction - Market size and forecast 2018-2023
      • Table Construction - Market size and forecast 2018-2023 ($ billions)
      • Table Construction - Year-over-year growth 2019-2023 (%)
    • Mining - Market size and forecast 2018-2023
      • Table Mining - Market size and forecast 2018-2023 ($ billions)
      • Table Mining - Year-over-year growth 2019-2023 (%)
    • Utilities - Market size and forecast 2018-2023
      • Table Utilities - Market size and forecast 2018-2023 ($ billions)
      • Table Utilities - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by technology
    • Table Technology - Market share 2018-2023 (%)
    • Comparison by technology
      • Table Comparison by technology
    • Crawler excavators - Market size and forecast 2018-2023
      • Table Crawler excavators - Market size and forecast 2018-2023 ($ billions)
      • Table Crawler excavators - Year-over-year growth 2019-2023 (%)
    • Mini excavators - Market size and forecast 2018-2023
      • Table Mini excavators - Market size and forecast 2018-2023 ($ billions)
      • Table Mini excavators - Year-over-year growth 2019-2023 (%)
    • Wheeled excavators - Market size and forecast 2018-2023
      • Table Wheeled excavators - Market size and forecast 2018-2023 ($ billions)
      • Table Wheeled excavators - Year-over-year growth 2019-2023 (%)
    • Market opportunity by technology
      • Table Market opportunity by technology
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ billions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ billions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ billions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Growing construction of green buildings
    • Increasing popularity of hybrid technology
    • Shift from conventional technology
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Caterpillar
      • Table Caterpillar - Vendor overview
      • Table Caterpillar - Business segments
      • Table Caterpillar - Organizational developments
      • Table Caterpillar - Geographic focus
      • Table Caterpillar - Segment focus
      • Table Caterpillar - Key offerings
    • Hitachi Construction Machinery
      • Table Hitachi Construction Machinery - Vendor overview
      • Table Hitachi Construction Machinery - Business segments
      • Table Hitachi Construction Machinery - Organizational developments
      • Table Hitachi Construction Machinery - Geographic focus
      • Table Hitachi Construction Machinery - Segment focus
      • Table Hitachi Construction Machinery - Key offerings
    • Komatsu
      • Table Komatsu - Vendor overview
      • Table Komatsu - Business segments
      • Table Komatsu - Organizational developments
      • Table Komatsu - Geographic focus
      • Table Komatsu - Segment focus
      • Table Komatsu - Key offerings
    • Terex
      • Table Terex - Vendor overview
      • Table Terex - Business segments
      • Table Terex - Organizational developments
      • Table Terex - Geographic focus
      • Table Terex - Segment focus
      • Table Terex - Key offerings
    • Volvo
      • Table Volvo - Vendor overview
      • Table Volvo - Business segments
      • Table Volvo - Organizational developments
      • Table Volvo - Geographic focus
      • Table Volvo - Segment focus
      • Table Volvo - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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