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市場調査レポート
商品コード
1801210

掘削機の世界市場 - 市場規模、シェア、動向、予測:製品別、メカニズムタイプ別、出力範囲別、アプリケーション別、地域別、2025年~2033年

Excavator Market Size, Share, Trends and Forecast by Product, Mechanism Type, Power Range, Application, and Region, 2025-2033


出版日
発行
IMARC
ページ情報
英文 150 Pages
納期
2~3営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=149.02円
掘削機の世界市場 - 市場規模、シェア、動向、予測:製品別、メカニズムタイプ別、出力範囲別、アプリケーション別、地域別、2025年~2033年
出版日: 2025年08月01日
発行: IMARC
ページ情報: 英文 150 Pages
納期: 2~3営業日
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  • 図表
  • 目次
概要

掘削機の世界市場規模は、2024年に1,031億8,000万米ドルとなりました。今後、IMARC Groupは、同市場が2033年には2,933億1,000万米ドルに達し、2025年から2033年にかけて11.69%のCAGRを示すと予測しています。現在、アジア太平洋地域が市場を独占しており、2024年の市場シェアは43.2%です。市場成長の背景には、急速な工業化、都市の拡大、大規模なインフラプロジェクトがあります。交通網の拡大、建設・採掘活動の活発化、先進機械に対する需要の高まりに加え、政府の好意的な政策や市場開拓への投資による恩恵が、市場の成長をさらに強めています。

インフラや建設プロジェクトへの公共投資は、厳しい環境法の施行と相まって、掘削機の需要を刺激しています。世界中の行政当局は、より持続可能で省エネルギーな機器を提唱しています。これらの規制は、排出基準を満たす新しい掘削機技術の採用を奨励し、それによって先進的で環境に優しい機械の市場の成長を支えています。これとは別に、自動化システム、全地球測位システム(GPS)追跡、燃費向上などの技術革新が掘削機の機能性を向上させています。こうした技術の進歩は、生産性を高め、環境への影響を軽減し、運転経費を削減することで、より多くのバイヤーを引き付けています。さらに、遠隔操作やテレマティクスなどの洗練された機能により、オペレーターは機械の性能を追跡できるようになり、市場におけるショベルカーの魅力と競合を高めています。

米国は、インフラ構想における多額の政府資金によって煽られ、市場の重要な部分を占めています。これらの取り組みには、道路建設、橋梁改修、公共インフラが含まれ、すべて重機が必要です。掘削機は、土木作業、整地、現場準備などの活動で重要な役割を果たしており、その結果、これらの機械の需要が高まっています。さらに、浚渫(しゅんせつ)や運河建設などの分野で特殊な機械の必要性が高まっていることが、掘削機分野の進歩を促しています。より長いリーチ、改良された制御機構、優れた安全属性で作られた機械は需要が高く、複雑で厳しい建設プロジェクトでより高い効率性と精度を可能にしています。2024年、Hitachi Construction Machinery Americasは北米市場でZX210LC-7Hスーパーロングフロント(SLF)掘削機を発売しました。ZAXIS-7シリーズの一員として、50フィート以上のリーチを提供し、浚渫および運河プロジェクト向けに制御を改善しました。注目すべき要素としては、刷新されたキャブ、空中カメラの視点、性能と安全性を向上させる油圧システムの強化などが挙げられます。

掘削機市場動向:

政府のインフラ投資

世界各国の政府は、道路、橋梁、公共交通システムの開発など、インフラプロジェクトに多額の投資を行っています。このような大規模プロジェクトでは、困難な地形での走行や重作業が可能な特殊な機械が必要とされます。掘削、整地、整地などの作業には、汎用性と高性能で知られるショベルカーが欠かせないです。例えば、インドの2025-26年度予算では、インフラ部門に11.21兆インドルピーが割り当てられており、強固で持続可能なインフラ枠組みの構築に対する政府のコミットメントが強調されています。この投資は、2047年までに先進国インドを達成するという広範なビジョンに沿ったものであり、このような大規模な開発イニシアチブを支える効率的な機械の必要性をさらに強調しています。政府がインフラ開発プロジェクトにますます力を入れていることが、先進的な掘削機の需要を喚起しています。

環境規制と持続可能性への取り組み

政府当局は、より厳しい排ガス規制を実施し、より燃料効率の高い、環境に優しい機器を製造するよう奨励しています。掘削機は現在、よりクリーンなエンジン、ハイブリッドまたは電気動力源、および騒音と粉塵の排出を最小限に抑える高度な技術を装備しており、企業がこれらの規制を遵守するのを支援しています。二酸化炭素排出量の削減を迫られる産業界では、環境に優しい掘削機の必要性が高まっています。2024年、Volvo Construction Equipmentは最大の電動掘削機であるEC230 Electricを日本に導入しました。最大5時間持続する264kWhのバッテリーを搭載し、ゼロエミッションと低騒音を実現。レンタル用として提供されたことで、建設部門における持続可能性への大きな動きを象徴するものとなりました。持続可能性への注目が高まる中、よりクリーンでエネルギー効率の高い掘削機へのニーズが高まっています。

技術統合とスマート機能

現代の掘削機は、センサー、ライブモニタリング、テレマティックス、データ分析などの最先端技術と徐々に統合されており、性能を高め、効率を向上させ、運転経費を削減しています。これらの進歩は、オペレータに実用的な洞察を与え、予知保全を促進し、ダウンタイムを削減します。自動掘削システム、ロードセンシング、および地形ナビゲーションは精度を高め、障害物検知やオペレーターアラートなどの内蔵安全技術はより安全な職場を促進します。セクターが効率性の向上とリスクの最小化を目指す中、インテリジェント技術を搭載した掘削機のニーズは高まっています。2025年、KOBELCO Construction Machinery USAは、55トンの掘削機であるSK520LC-11を発表しました。SK520LC-11は、Isuzuのエンジンと最先端の油圧装置を搭載し、卓越した性能と燃費効率の両立を目指しています。この機械はまた、強化された快適性、インテリジェントテクノロジー、適応性のあるアタッチメントの選択肢を特徴としており、建設と採掘の増大するニーズに対応するため、業界がより高度で効率的な機械へと移行していることを示すものです。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査の目的
  • ステークホルダー
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

第5章 世界の掘削機市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳:製品別

  • ミニ/コンパクト
  • クローラー
  • 車輪付き
  • 大型

第7章 市場内訳:メカニズムタイプ別

  • 電気
  • 油圧
  • ハイブリッド

第8章 市場内訳:出力範囲別

  • 300 HP以下
  • 301~500 HP
  • 501 HP以上

第9章 市場内訳:アプリケーション別

  • 鉱業
  • 建設
  • 廃棄物管理
  • その他

第10章 市場内訳:地域別

  • 北米
    • 米国
    • カナダ
  • アジア太平洋地域
    • 中国
    • 日本
    • インド
    • 韓国
    • オーストラリア
    • インドネシア
    • その他
  • 欧州
    • ドイツ
    • フランス
    • 英国
    • イタリア
    • スペイン
    • ロシア
    • その他
  • ラテンアメリカ
    • ブラジル
    • メキシコ
    • その他
  • 中東・アフリカ

第11章 SWOT分析

第12章 バリューチェーン分析

第13章 ポーターのファイブフォース分析

第14章 価格分析

第15章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • Caterpillar Inc.
    • CNH Industrial N.V.
    • Doosan Corporation
    • Hitachi Construction Machinery Co., Ltd.
    • Hyundai Heavy Industries Ltd
    • John Deere
    • Joseph Cyril Bamford Excavators Ltd.
    • Kobelco Construction Machinery Co. Ltd.
    • Komatsu Ltd.
    • Liebherr Group
    • Sany Heavy Industries Co. Ltd.
    • Terex Corporation
    • Yanmar Construction Equipment Co., Ltd.
    • Volvo Construction Equipment AB
図表

List of Figures

  • Figure 1: Global: Excavator Market: Major Drivers and Challenges
  • Figure 2: Global: Excavator Market: Sales Value (in Billion USD), 2019-2024
  • Figure 3: Global: Excavator Market: Breakup by Product (in %), 2024
  • Figure 4: Global: Excavator Market: Breakup by Mechanism Type (in %), 2024
  • Figure 5: Global: Excavator Market: Breakup by Power Range (in %), 2024
  • Figure 6: Global: Excavator Market: Breakup by Application (in %), 2024
  • Figure 7: Global: Excavator Market: Breakup by Region (in %), 2024
  • Figure 8: Global: Excavator Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 9: Global: Excavator (Mini/Compact) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 10: Global: Excavator (Mini/Compact) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 11: Global: Excavator (Crawler) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 12: Global: Excavator (Crawler) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 13: Global: Excavator (Wheeled) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 14: Global: Excavator (Wheeled) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 15: Global: Excavator (Heavy) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 16: Global: Excavator (Heavy) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 17: Global: Excavator (Electric) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 18: Global: Excavator (Electric) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 19: Global: Excavator (Hydraulic) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 20: Global: Excavator (Hydraulic) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 21: Global: Excavator (Hybrid) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 22: Global: Excavator (Hybrid) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 23: Global: Excavator (Upto 300 HP) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 24: Global: Excavator (Upto 300 HP) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 25: Global: Excavator (301-500 HP) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 26: Global: Excavator (301-500 HP) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 27: Global: Excavator (501 HP and Above) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 28: Global: Excavator (501 HP and Above) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 29: Global: Excavator (Mining) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 30: Global: Excavator (Mining) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 31: Global: Excavator (Construction) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 32: Global: Excavator (Construction) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 33: Global: Excavator (Waste Management) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 34: Global: Excavator (Waste Management) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 35: Global: Excavator (Other Applications) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 36: Global: Excavator (Other Applications) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 37: North America: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 38: North America: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 39: United States: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 40: United States: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 41: Canada: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 42: Canada: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 43: Asia Pacific: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 44: Asia Pacific: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 45: China: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 46: China: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 47: Japan: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 48: Japan: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 49: India: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 50: India: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 51: South Korea: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 52: South Korea: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 53: Australia: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 54: Australia: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 55: Indonesia: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 56: Indonesia: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 57: Others: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 58: Others: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 59: Europe: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 60: Europe: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 61: Germany: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 62: Germany: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 63: France: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 64: France: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 65: United Kingdom: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 66: United Kingdom: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 67: Italy: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 68: Italy: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 69: Spain: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 70: Spain: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 71: Russia: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 72: Russia: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 73: Others: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 74: Others: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 75: Latin America: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 76: Latin America: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 77: Brazil: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 78: Brazil: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 79: Mexico: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 80: Mexico: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 81: Others: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 82: Others: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 83: Middle East and Africa: Excavator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 84: Middle East and Africa: Excavator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 85: Global: Excavator Industry: SWOT Analysis
  • Figure 86: Global: Excavator Industry: Value Chain Analysis
  • Figure 87: Global: Excavator Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Excavator Market: Key Industry Highlights, 2024 and 2033
  • Table 2: Global: Excavator Market Forecast: Breakup by Product (in Million USD), 2025-2033
  • Table 3: Global: Excavator Market Forecast: Breakup by Mechanism Type (in Million USD), 2025-2033
  • Table 4: Global: Excavator Market Forecast: Breakup by Power Range (in Million USD), 2025-2033
  • Table 5: Global: Excavator Market Forecast: Breakup by Application (in Million USD), 2025-2033
  • Table 6: Global: Excavator Market Forecast: Breakup by Region (in Million USD), 2025-2033
  • Table 7: Global: Excavator Market Structure
  • Table 8: Global: Excavator Market: Key Players
目次
Product Code: SR112025A2391

The global excavator market size was valued at USD 103.18 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 293.31 Billion by 2033, exhibiting a CAGR of 11.69% from 2025-2033. Asia Pacific currently dominates the market, holding a market share of 43.2% in 2024. The market growth can be attributed to rapid industrialization, urban expansion, and extensive infrastructure projects. The benefits from the expanding transportation networks, increasing construction and mining activities, and rising demand for advanced machinery, along with favorable government policies and investments in development, are further strengthening the market growth.

Public investments in infrastructure and construction projects, in confluence with the implementation of stringent environmental laws, are catalyzing the demand for excavators. Governing authorities around the world are advocating for more sustainable, energy-saving equipment. These regulations encourage the adoption of new excavator technologies that meet emission standards, thereby supporting the growth in the market for advanced, eco-friendly machines. Apart from this, ongoing innovations like automated systems, global positioning systems (GPS) tracking, and better fuel efficiency are improving excavator functionalities. These advancements in technology boost productivity, lessen environmental effects, and decrease operating expenses, thereby drawing in more buyers. Furthermore, sophisticated functionalities, such as remote control and telematics, enable operators to track machine performance, increasing the appeal and competitiveness of excavators in the market.

The United States is an essential part of the market, fueled by considerable government funding in infrastructure initiatives. These initiatives encompass road building, bridge renovations, and public infrastructure, all necessitating heavy equipment. Excavators play a crucial role in activities like earthmoving, grading, and preparing sites, resulting in higher demand for these machines. Moreover, the increasing need for specialized equipment in areas, such as dredging and canal building, is encouraging advancements in the excavator sector. Machines built with longer reach, improved control mechanisms, and superior safety attributes are high in demand, allowing for heightened efficiency and accuracy in intricate and demanding construction projects. In 2024, Hitachi Construction Machinery Americas launched the ZX210LC-7H Super Long Front (SLF) excavator in the North American market. As a member of the ZAXIS-7 series, it provided more than 50 feet of reach and improved control for dredging and canal projects. Notable elements included a revamped cab, aerial camera perspective, and enhanced hydraulic systems for better performance and safety.

Excavator Market Trends:

Government Investment in Infrastructure

Governments around the world are making substantial investments in infrastructure projects, including the development of roads, bridges, and public transport systems. These large-scale projects require specialized equipment capable of navigating challenging terrains and performing heavy-duty operations. Excavators, known for their versatility and high performance, are essential for tasks such as excavation, grading, and land preparation. For instance, India's budget for 2025-26 allocates INR 11.21 lakh crore to the infrastructure sector, underscoring the government's commitment to building a robust and sustainable infrastructure framework. This investment aligns with the broader vision of achieving a developed India by 2047, further emphasizing the necessity for efficient machinery to support such extensive development initiatives. The increasing focus of the governments on infrastructure development projects is catalyzing the demand for advanced excavators.

Environmental Regulations and Sustainability Initiatives

Governing authorities are implementing tougher emission regulations, encouraging producers to create more fuel-efficient, environment-friendly equipment. Excavators now come equipped with cleaner engines, hybrid or electric power sources, and sophisticated technologies to minimize noise and dust emissions, assisting companies in complying with these regulations. With industries under pressure to reduce their carbon footprints, the need for eco-friendly excavators increases. In 2024, Volvo Construction Equipment introduced its biggest electric excavator, the EC230 Electric, in Japan. Equipped with a 264 kWh battery lasting up to five hours, this device produces zero emissions and lower noise levels, representing a notable advancement in sustainable construction. Offered for rent, it signified the larger movement towards sustainability within the construction sector. With the growing focus on sustainability, the need for cleaner, energy-efficient excavators is on the rise.

Technological Integration and Smart Features

Contemporary excavators are progressively integrated with cutting-edge technologies, such as sensors, live monitoring, telematics, and data analytics, which boost performance, enhance efficiency, and lower operational expenses. These advancements give operators practical insights and facilitate predictive maintenance, reducing downtime. Automated digging systems, load sensing, and terrain navigation enhance precision, while built-in safety technologies like obstacle detection and operator alerts promote a safer workplace. The need for excavators featuring intelligent technologies is growing as sectors aim for increased efficiency and minimized risks. In 2025, KOBELCO Construction Machinery USA introduced the SK520LC-11, a 55-ton excavator equipped with an Isuzu engine and cutting-edge hydraulics, aimed at delivering both outstanding performance and fuel efficiency. This equipment also features enhanced comfort, intelligent technology, and adaptable attachment choices, showcasing the industry's transition toward more advanced, efficient machines to address the increasing needs of construction and mining endeavors.

Excavator Industry Segmentation:

Analysis by Product:

  • Mini/Compact
  • Crawler
  • Wheeled
  • Heavy

Mini/compact leads the market because of its adaptability, efficiency, and simplicity in tight areas. This machine is ideal for projects in city settings, home construction, landscaping, and minor infrastructure work where space is tight and agility is essential. It has reduced dimensions, which enable better access to confined spaces, like between structures or in yards, where larger equipment cannot function. Mini excavator provides reduced operational expenses, such as fuel usage and upkeep, making it a more economical choice for smaller contractors or firms. Moreover, its light weight allows for easier movement between job locations, minimizing logistical difficulties. The rising need for this machine is fueled by the expanding trend of urbanization, housing projects, and infrastructure enhancements, where mini excavator can carry out tasks such as digging, trenching, and grading effectively without causing major disturbances to nearby areas.

Analysis by Mechanism Type:

  • Electric
  • Hydraulic
  • Hybrid

Electric is gaining traction due to its environment-friendly attributes, particularly in regions with stringent emission regulations. It runs entirely on electric power, reducing the carbon footprint associated with traditional diesel-powered equipment. It is also quieter, making it ideal for urban construction sites where noise reduction is a priority. As sustainability becomes a higher priority across industries, the demand for electric excavator is growing, particularly in projects focusing on reducing environmental impact and meeting strict emissions standards.

Hydraulic excavator is a crucial segment in the market owing to its superior performance, versatility, and power. It uses hydraulic fluid to generate movement and perform tasks, such as digging, lifting, and grading. Hydraulic excavator is highly efficient and capable of handling heavy-duty operations, making it the go-to choice for large-scale construction, mining, and infrastructure projects. Its widespread use is also supported by its reliability, ease of maintenance, and adaptability to different types of attachments.

Hybrid excavator combines the benefits of both diesel and electric power, offering a balance between fuel efficiency and lower emissions. It uses a combination of an internal combustion engine (ICE) and an electric motor, with the electric motor capturing and storing energy during braking or when the machine is idling, which is then used to assist with power during operation. This reduces fuel usage and enhances overall efficiency, making hybrid excavator an appealing choice for projects aiming to reduce fuel costs and environmental impact without sacrificing performance.

Analysis by Power Range:

  • Upto 300 HP
  • 301-500 HP
  • 501 HP and Above

Up to 300 HP power range is typically used for smaller-scale construction, landscaping, and urban development projects. Machines under this segment are lightweight and more fuel-efficient, making them suitable for tasks like trenching, digging foundations, and grading in confined spaces or low-demand environments. They are popular in residential construction and projects requiring maneuverability in tight spaces, such as city infrastructure or small civil works.

Excavators in the 301-500 HP power range are designed for medium to large-scale construction and infrastructure projects. These machines are well-suited for applications that demand a higher level of digging power, such as commercial building projects, road construction, and heavy lifting tasks. They provide a good balance between power and fuel efficiency, making them ideal for operations that need both productivity and cost-effectiveness.

Excavators with a power range of 501 HP and above are typically used for large-scale, high-demand construction, mining, and heavy industrial applications. These powerful machines are capable of handling the most challenging tasks, such as deep excavation, bulk material handling, and major earthmoving operations. With their high horsepower, these excavators can perform efficiently in difficult terrains, large construction sites, and mining operations where significant force and endurance are needed.

Analysis by Application:

  • Mining
  • Construction
  • Waste Management
  • Others

Construction represents the largest segment, accounting for 58.9% of the market share, owing to the crucial and widespread role that excavators fulfill in different phases of construction projects. Excavators are essential for activities like site preparation, digging, leveling, trenching, and foundation construction. Their adaptability enables them to manage various materials, ranging from earth to substantial rubble, rendering them essential for both residential and commercial building. With the rapid pace of urbanization, the requirement for new structures, highways, bridges, and various infrastructure initiatives rises, catalyzing the demand for excavation machinery. Excavators play a crucial role in demolitions and land reclamation, thereby broadening their application in construction. Their capacity to function in diverse settings, ranging from expansive outdoor locations to tighter indoor areas, makes them suitable for initiatives of any scale. The continuous advancement of intelligent technologies, like GPS and automation, further encourages the extensive use of excavators in the construction industry.

Regional Analysis:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Asia Pacific dominates the market with 43.2% market share, owing to swift industrialization, urban growth, and extensive infrastructure projects in the area. Nations such as China and India are experiencing substantial financial input in construction, transportation, and public infrastructure initiatives, driving the need for excavators. The increasing population and expanding urban areas in the region demand significant development in housing, infrastructure, bridges, and commercial structures, leading to a constant requirement for excavation machinery. Furthermore, the mining industry in the region, especially in nations abundant in natural resources, boosts the need for excavators. Technological advancements in excavator efficiency, including features that reduce fuel utilization and increase productivity, are also gaining traction in the region, helping businesses lower operating costs. For instance, in 2024, JCB India launched the JCB NXT 215 LC Fuel Master, its most fuel-efficient tracked excavator, offering 14% lower fuel usage and 5% higher productivity. It featured Intelliflow Hydraulics, Power Boost, and auto engine idle stop to cut operating costs.

Key Regional Takeaways:

United States Excavator Market Analysis

In North America, the market portion held by the United States with a market share of 84.80%, fueled by heightened infrastructure renewal projects in both urban and rural regions. Expenditure by the government on energy-efficient transport routes and upgrades to public infrastructure is catalyzing the demand for heavy-duty excavators. In a major announcement, the U.S. Department of Transportation revealed USD 1.32 Billion in Round 1 grants from the FY2025 Rebuilding American Infrastructure with Sustainability and Equity (RAISE) discretionary program for 109 projects, as part of a larger USD 5 Billion initiative under President Biden's Investing in America plan. This investment is anticipated to drive the demand for sophisticated excavation equipment in various construction projects. Additionally, the increase in both residential and commercial real estate developments is further encouraging the use of compact and mid-sized excavators. Advancements in hydraulic systems and the incorporation of telematics for monitoring fleets are influencing equipment choices. The rental services trend is becoming more popular, allowing small and medium contractors to obtain advanced machinery without significant capital expenditure. The growing focus on improving productivity at worksites and minimizing operational downtime is driving the demand for intelligent excavator models.

Europe Excavator Market Analysis

The European excavator market is growing due to a rise in urban renewal projects and improvements in transportation infrastructure. Funding in high-speed rail networks, metro expansions, and eco-friendly construction methods is driving the need for equipment. As reported by the U.S. Green Building Council (USGBC), Europe is one of the fastest-expanding areas for green buildings, boasting more than 6,000 LEED-certified projects that span approximately 113 million gross square meters, reflecting an increasing alignment with sustainable construction trends. This trend is catalyzing the demand for electric and low-emission excavators. The adoption of technological integration, including automation features and machine control systems, aims to satisfy regulatory requirements and improve safety on-site. The rental market is deeply rooted in the area, promoting broad availability of cutting-edge excavator models for projects of different sizes. The rehabilitation of historic buildings and the development of green areas are also generating specialized opportunities. These trends, bolstered by the availability of skilled labor and digital construction planning, are offering an optimistic European excavator market outlook.

Asia Pacific Excavator Market Analysis

The excavator market in the Asia Pacific is experiencing growth, driven by swift industrialization and urban expansion in emerging economies. Significant investments in expanding ports, energy initiatives, and transportation systems is driving the need for high-efficiency excavators. India intends to invest USD 82 billion in port development by 2035, as reported by the India Brand Equity Foundation, demonstrating the region's significant dedication to improving logistics and maritime infrastructure. Increased automation in construction methods is encouraging the adoption of smart excavator systems equipped with features, such as real-time diagnostics and remote operation functionalities. Additionally, the growth of rural electrification and irrigation infrastructure is catalyzing the demand for reliable machinery that can function in various terrain conditions. The rise of megacities and smart city projects is driving the need for effective earthmoving machinery to adhere to strict construction schedules. Moreover, the presence of affordable labor combined with government-driven infrastructure initiatives is enhancing the region's equipment usage.

Latin America Excavator Market Analysis

The Latin American excavator market is advancing consistently, supported by a revival in the exploration of natural resources and the development of agricultural land. The development of infrastructure in poorly connected areas is driving the demand for robust machinery that can adapt to various terrains. Industry forecasts indicate that Brazil's infrastructure sector is anticipated to expand at a CAGR of 4.36% from 2025 to 2033, underscoring steady capital investments in essential civil construction. Improvements in hydraulic efficiency and machine adaptability attract contractors looking for economical performance in diverse applications. The growing preference for digital fleet management solutions is enhancing equipment deployment in distant locations, accelerating project completion schedules. Additionally, public-private partnerships (PPP) in transportation and utility initiatives are creating new demand cycles. Seasonal building activities tied to crop logistics and water resource management are also influencing short-term variations in equipment demand.

Middle East and Africa Excavator Market Analysis

The excavator market in the Middle East and Africa is gaining momentum as a result of growth in logistics centers, industrial areas, and desert reclamation initiatives. The logistics infrastructure in the region is experiencing strong development, with Saudi Arabia's logistics sector expected to grow from USD 136.3 billion in 2024 to USD 198.9 billion by 2030, as per recent findings. This is anticipated to drive equipment demand in warehousing, intermodal transport, and aid construction. The advancement of large-scale infrastructure initiatives, such as railways and utility pathways, is driving the need for equipment with improved excavation capability and resilience in extreme weather conditions. Increasing demand for renewable energy infrastructure is also generating opportunities for excavation of machinery designed for large-scale projects. Improved fleet availability via predictive maintenance strategies is emerging as a central operational priority, resulting in the implementation of digitally integrated excavator systems.

Competitive Landscape:

Major participants in the market are concentrating on technological progress, eco-friendliness, and broadening their product ranges to uphold a competitive advantage. For instance, in 2024, New Holland unveiled a new midi excavator range at EIMA 2024, expanding into the 6-12 tons class with five models: E70D, E75D, E85D, E90D, and E100D. These excavators featured zero tail swing designs, multiple boom options, customizable hydraulics, and enhanced comfort and maintenance features. Businesses are progressively incorporating intelligent technologies, including telematics, GPS, and self-driving capabilities, into their excavators to boost efficiency, lower fuel usage, and enhance safety. Moreover, leading producers are allocating resources to electric and hybrid models to satisfy the increasing need for environment-friendly equipment. To meet varied market demands, businesses are providing tailored solutions for different sectors, ranging from construction to mining. Additionally, strategic alliances and acquisitions are prevalent as these companies aim to broaden their international presence and enhance operational efficiencies.

The report provides a comprehensive analysis of the competitive landscape in the excavator market with detailed profiles of all major companies, including:

  • Caterpillar Inc.
  • CNH Industrial N.V.
  • Doosan Corporation
  • Hitachi Construction Machinery Co. Ltd.
  • Hyundai Heavy Industries Ltd.
  • John Deere
  • Joseph Cyril Bamford Excavators Ltd.
  • Kobelco Construction Machinery Co. Ltd.
  • Komatsu Ltd.
  • Liebherr Group
  • Sany Heavy Industries Co. Ltd.
  • Terex Corporation
  • Yanmar Construction Equipment Co. Ltd.
  • Volvo Construction Equipment AB

Key Questions Answered in This Report

  • 1.How big is the excavator market?
  • 2.What is the future outlook of excavator market?
  • 3.What are the key factors driving the excavator market?
  • 4.Which region accounts for the largest excavator market share?
  • 5.Which are the leading companies in the global excavator market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Excavator Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Product

  • 6.1 Mini/Compact
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Crawler
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Wheeled
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Heavy
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Mechanism Type

  • 7.1 Electric
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Hydraulic
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Hybrid
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Power Range

  • 8.1 Upto 300 HP
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 301-500 HP
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 501 HP and Above
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast

9 Market Breakup by Application

  • 9.1 Mining
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Construction
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Waste Management
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Others
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Country
    • 10.5.3 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 Caterpillar Inc.
      • 15.3.1.1 Company Overview
      • 15.3.1.2 Product Portfolio
      • 15.3.1.3 Financials
      • 15.3.1.4 SWOT Analysis
    • 15.3.2 CNH Industrial N.V.
      • 15.3.2.1 Company Overview
      • 15.3.2.2 Product Portfolio
      • 15.3.2.3 Financials
      • 15.3.2.4 SWOT Analysis
    • 15.3.3 Doosan Corporation
      • 15.3.3.1 Company Overview
      • 15.3.3.2 Product Portfolio
      • 15.3.3.3 Financials
    • 15.3.4 Hitachi Construction Machinery Co., Ltd.
      • 15.3.4.1 Company Overview
      • 15.3.4.2 Product Portfolio
      • 15.3.4.3 Financials
      • 15.3.4.4 SWOT Analysis
    • 15.3.5 Hyundai Heavy Industries Ltd
      • 15.3.5.1 Company Overview
      • 15.3.5.2 Product Portfolio
    • 15.3.6 John Deere
      • 15.3.6.1 Company Overview
      • 15.3.6.2 Product Portfolio
    • 15.3.7 Joseph Cyril Bamford Excavators Ltd.
      • 15.3.7.1 Company Overview
      • 15.3.7.2 Product Portfolio
    • 15.3.8 Kobelco Construction Machinery Co. Ltd.
      • 15.3.8.1 Company Overview
      • 15.3.8.2 Product Portfolio
    • 15.3.9 Komatsu Ltd.
      • 15.3.9.1 Company Overview
      • 15.3.9.2 Product Portfolio
      • 15.3.9.3 Financials
      • 15.3.9.4 SWOT Analysis
    • 15.3.10 Liebherr Group
      • 15.3.10.1 Company Overview
      • 15.3.10.2 Product Portfolio
    • 15.3.11 Sany Heavy Industries Co. Ltd.
      • 15.3.11.1 Company Overview
      • 15.3.11.2 Product Portfolio
    • 15.3.12 Terex Corporation
      • 15.3.12.1 Company Overview
      • 15.3.12.2 Product Portfolio
    • 15.3.13 Yanmar Construction Equipment Co., Ltd.
      • 15.3.13.1 Company Overview
      • 15.3.13.2 Product Portfolio
    • 15.3.14 Volvo Construction Equipment AB
      • 15.3.14.1 Company Overview
      • 15.3.14.2 Product Portfolio
      • 15.3.14.3 Financials
      • 15.3.14.4 SWOT Analysis