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Global Excavator Equipment Market by Type (Mini Excavators, Small Excavators, Medium-Sized Excavators, Large-sized Excavators), By Application (Building/Real Estate, Public Utilities, Mining & Oil Well) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: ME-51816
  • Author: Up Market Research
  • Rating: 4.8
  • Total Reviews: 100
  • No. Of Pages: 236
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  • Pub. Date: 2021-04-04
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The Global Excavator Equipment Market size is projected to grow from USD 4.5 billion in 2021 to USD X.X billion by 2028, at a CAGR of 5.7%. Major factors driving the growth are increasing demand for construction projects, growing need for infrastructure development, and rising inflow of investments in mining & oil well industries across the globe. The major restraints include high initial investment costs and a lack of skilled labor force for operating these machines.



Excavator equipment is a machine that helps in digging and moving earth, rocks, or any other construction material. They are used for excavation purposes such as land development, demolition work, and road works. Excavators can be seen across various sectors like mining & oil well industry, public utilities sector (i.e., water treatment plants), real estate, etc.

Excavator equipment is the modern version of excavators that are used for digging, loading, and hauling. It can be operated by one person but it weighs a lot so there should also be someone to operate this machine as well. This excavating machinery is usually powered by diesel or gasoline engines which develop revolutions per minute (RPM) ranging from 1000-3000 RPMs depending on their size and specifications.



On the basis of Type, the global excavator equipment market is segmented into Mini Excavators, Small Excavators, Medium-Sized Excavators, and Large-sized excavators.



Mini Excavators:

Mini excavators are small in size and have a maximum payload capacity of 0.33 to 13 tons, which makes them the best choice for excavation works at sites with limited access or on construction sites where space is not readily available. They can also be used in digging trenches for installing water pipelines, sewer lines, etc., as well as performing landscaping jobs like backfilling trenches, loading/unloading materials from trucks and trailers.



Small Excavators:

Small Excavators are used for digging, loading, and carrying materials such as soil, gravel, or rubble. Usually, small-sized ones have RPM in between 2000-2500. They can be operated by one person and they offer high maneuverability in tight spaces. Their small size means that it is easy to transport them over short distances with trucks or trailers. Small excavators have very large buckets which allow the operator to dig deeper trenches than would otherwise be possible with larger machines.



Medium-Sized Excavators:

Medium-sized excavators are designed to handle medium-sized loads. Medium-sized ones have higher RPM than 3000 because they work longer hours and carry heavy loads along with bigger blades to cut through hard surface materials like rocks, concrete, etc. They have a bucket capacity of between 0.75 and one cubic meters, making them suitable for most earthmoving tasks on building sites or in quarries where the terrain is fairly level with few obstacles.



Large-Sized Excavators:

A large-Sized Excavator is a type of excavator that has an engine power of more than 257 kW. Large types are designed specifically for mining operations such as strip mining where a huge amount of material needs to get excavated. It can also be used for construction and other applications where larger excavation might be required. Larger sized equipment is generally preferred over small or medium size if there’s a need to perform heavy-duty tasks from removing rubble/earthwork to shifting large materials like rocks as well as recycling concrete & asphalt wastes. The demand for these machines will surge especially across developing countries with development projects planned around big cities. The large-sized earth moving equipment is designed to handle larger tasks like leveling, grading, and excavating more than 70 tons of material.



On the basis of Application, the global excavator equipment market is segmented into Building/Real Estate Industry, Public Utility Sector, Mining & Oil Well industry.



Building/Real Estate Industry:

Excavators are used in the construction industry to dig trenches, drill holes and move materials. Excavator equipment is a major part of this process as it provides high productivity for both small-scale and large-scale projects by shifting soil or rocks from one place to another. This helps reduce digging time significantly which reduces project cost too. Some excavator equipment is available specifically designed for use in building sites as well such as attachments that can be fitted into front shovels of these machines which allows them to perform multiple tasks like grading work, digging trenches & foundation slabs at one time.



Public Utility Sector:

The public utility sector is a vital subset of the construction industry. Some examples that fall under this category are gas, water, and electricity companies. These types of businesses have to dig up land in order to install infrastructures such as pipelines, cables, or power lines. Excavator equipment has made this process much easier for these types of organizations by providing them with tools like hydraulic breakers and continuous track loaders (CTLs) which make excavation tasks faster and less labor-intensive than manual digging methods.



Mining & Oil Well Industry:

Excavator equipment is used in the mining industry for opening up new mines. Excavators are also employed to open and develop existing mine sites, remove waste rock from mined areas or summit slopes, and digging trenches for roads. The use of excavators helps to increase work efficiency as well as reduces operating costs which ultimately lead to higher profits. In addition, mini diggers help with improving safety measures by working at a safe distance away from other workers on site. The Oil Well industry is the primary consumer of excavator equipment. The excavation work in oil wells consists of drilling and splitting to remove rocks, earth, or soil for exploration purposes. Excavators are used by various operators such as metal mining companies that use them to find minerals below the surface of the land.



On the basis of Region, the global excavator equipment market is segmented into North America, Latin America, Europe, and Asia-Pacific. In 2017, Asia Pacific held the largest share of over 37% in terms of revenue generated from sales of excavators globally followed by North America which accounted for 32%. The rising construction activities across countries; especially China is driving growth in this region. Furthermore, increasing government initiatives towards development projects will further boost market growth.



Growth Factors For The Global Excavator Equipment Market:

As the world is experiencing unprecedented industrial growth, there's a high demand for excavator equipment across various industries and that has led to significant investments in infrastructure. The global market for excavators is expected to experience robust growth due to factors such as a rise in construction activities (such as roads, bridges, etc.), increased use of excavation machinery on worksites & mining areas, and growing need for land reclamation projects.

Up Market Research published a new report titled “Excavator Equipment Market research report which is segmented by Types (Mini Excavators, Small Excavators, Medium-Sized Excavators, Large-sized Excavators), By Applications (Building/Real Estate, Public Utilities, Mining & Oil Well), By Players/Companies Honeywell, CAT, Komatsu, Doosan, Hyundai, Hitachi, Kobelco, Sumitomo, John Deere, Case Construction, Kubota, JCB, SANY, Zoomlion, Liugong Group, Sunward”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report Attributes Report Details
Report Title Excavator Equipment Market Research Report
By Type Mini Excavators, Small Excavators, Medium-Sized Excavators, Large-sized Excavators
By Application Building/Real Estate, Public Utilities, Mining & Oil Well
By Companies Honeywell, CAT, Komatsu, Doosan, Hyundai, Hitachi, Kobelco, Sumitomo, John Deere, Case Construction, Kubota, JCB, SANY, Zoomlion, Liugong Group, Sunward
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 236
Number of Tables & Figures 166
Customization Available Yes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Excavator Equipment Industry Outlook

Global Excavator Equipment Market Report Segments:

The market is segmented by Type Mini Excavators, Small Excavators, Medium-Sized Excavators, Large-sized Excavators and By Application Building/Real Estate, Public Utilities, Mining & Oil Well.


Some of the companies that are profiled in this report are:

  1. Honeywell
  2. CAT
  3. Komatsu
  4. Doosan
  5. Hyundai
  6. Hitachi
  7. Kobelco
  8. Sumitomo
  9. John Deere
  10. Case Construction
  11. Kubota
  12. JCB
  13. SANY
  14. Zoomlion
  15. Liugong Group
  16. Sunward

Excavator Equipment Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Excavator Equipment Market

Overview of the regional outlook of the Excavator Equipment Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Excavator Equipment Market Overview

Highlights of The Excavator Equipment Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Excavator Equipment Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Mini Excavators

                2. Small Excavators

                3. Medium-Sized Excavators

                4. Large-sized Excavators

       7. By Application:

                1. Building/Real Estate

                2. Public Utilities

                3. Mining & Oil Well

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Excavator Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Excavator Equipment Market Statistics

Reasons to Purchase the Excavator Equipment Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Excavator Equipment Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Excavator Equipment Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Excavator Equipment Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Excavator Equipment Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Excavator Equipment Market Size & Forecast, 2018-2028 
      4.5.1 Excavator Equipment Market Size and Y-o-Y Growth 
      4.5.2 Excavator Equipment Market Absolute $ Opportunity 

Chapter 5 Global Excavator Equipment Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Excavator Equipment Market Size Forecast by Type
      5.2.1 Mini Excavators
      5.2.2 Small Excavators
      5.2.3 Medium-Sized Excavators
      5.2.4 Large-sized Excavators
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Excavator Equipment Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Excavator Equipment Market Size Forecast by Applications
      6.2.1 Building/Real Estate
      6.2.2 Public Utilities
      6.2.3 Mining & Oil Well
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Excavator Equipment Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Excavator Equipment Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Excavator Equipment Analysis and Forecast
   9.1 Introduction
   9.2 North America Excavator Equipment Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Excavator Equipment Market Size Forecast by Type
      9.6.1 Mini Excavators
      9.6.2 Small Excavators
      9.6.3 Medium-Sized Excavators
      9.6.4 Large-sized Excavators
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Excavator Equipment Market Size Forecast by Applications
      9.10.1 Building/Real Estate
      9.10.2 Public Utilities
      9.10.3 Mining & Oil Well
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Excavator Equipment Analysis and Forecast
   10.1 Introduction
   10.2 Europe Excavator Equipment Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Excavator Equipment Market Size Forecast by Type
      10.6.1 Mini Excavators
      10.6.2 Small Excavators
      10.6.3 Medium-Sized Excavators
      10.6.4 Large-sized Excavators
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Excavator Equipment Market Size Forecast by Applications
      10.10.1 Building/Real Estate
      10.10.2 Public Utilities
      10.10.3 Mining & Oil Well
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Excavator Equipment Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Excavator Equipment Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Excavator Equipment Market Size Forecast by Type
      11.6.1 Mini Excavators
      11.6.2 Small Excavators
      11.6.3 Medium-Sized Excavators
      11.6.4 Large-sized Excavators
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Excavator Equipment Market Size Forecast by Applications
      11.10.1 Building/Real Estate
      11.10.2 Public Utilities
      11.10.3 Mining & Oil Well
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Excavator Equipment Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Excavator Equipment Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Excavator Equipment Market Size Forecast by Type
      12.6.1 Mini Excavators
      12.6.2 Small Excavators
      12.6.3 Medium-Sized Excavators
      12.6.4 Large-sized Excavators
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Excavator Equipment Market Size Forecast by Applications
      12.10.1 Building/Real Estate
      12.10.2 Public Utilities
      12.10.3 Mining & Oil Well
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Excavator Equipment Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Excavator Equipment Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Excavator Equipment Market Size Forecast by Type
      13.6.1 Mini Excavators
      13.6.2 Small Excavators
      13.6.3 Medium-Sized Excavators
      13.6.4 Large-sized Excavators
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Excavator Equipment Market Size Forecast by Applications
      13.10.1 Building/Real Estate
      13.10.2 Public Utilities
      13.10.3 Mining & Oil Well
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Excavator Equipment Market: Competitive Dashboard
   14.2 Global Excavator Equipment Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Honeywell
      14.3.2 CAT
      14.3.3 Komatsu
      14.3.4 Doosan
      14.3.5 Hyundai
      14.3.6 Hitachi
      14.3.7 Kobelco
      14.3.8 Sumitomo
      14.3.9 John Deere
      14.3.10 Case Construction
      14.3.11 Kubota
      14.3.12 JCB
      14.3.13 SANY
      14.3.14 Zoomlion
      14.3.15 Liugong Group
      14.3.16 Sunward
Segments Covered in the Report
The global Excavator Equipment market has been segmented based on

By Types
  • Mini Excavators
  • Small Excavators
  • Medium-Sized Excavators
  • Large-sized Excavators
By Applications
  • Building/Real Estate
  • Public Utilities
  • Mining & Oil Well
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Honeywell
  • CAT
  • Komatsu
  • Doosan
  • Hyundai
  • Hitachi
  • Kobelco
  • Sumitomo
  • John Deere
  • Case Construction
  • Kubota
  • JCB
  • SANY
  • Zoomlion
  • Liugong Group
  • Sunward

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