Excavator Market
Excavator Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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Excavator Market Size and Growth
The excavator market research reports indicate a growing demand due to expanding construction and mining industries. The global excavator market size is projected to reach $64.7 billion by 2025, with a CAGR of 4.2%. Factors such as infrastructure development and urbanization are driving the market growth.
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Companies Covered
(Covid 19 Impact Covered)
◍ Caterpillar
◍ Kubota
◍ SANY
◍ Komatsu
◍ XCMG
◍ Hitachi
◍ Doosan
◍ SDLG
◍ Volvo
◍ Liugong Machinery
◍ Kobelco
◍ John Deere
◍ Hyundai
◍ Zoomlion
◍ Takeuchi
◍ JCB
◍ Yanmar
◍ Sunward
The excavator market is highly competitive with key players such as Caterpillar, Komatsu, SANY, and Hitachi dominating the market. These companies use advanced technology, innovative products, and strategic partnerships to gain a competitive edge and grow the market. Some companies like Volvo, Kubota, and Hyundai also play a significant role in expanding the market.
- Caterpillar: $53.8 billion
- Komatsu: $25.5 billion
- Hitachi: $26.4 billion
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Market Segmentation
By Application
◍ Building/Real Estate
◍ Public Utilities
◍ Mining and Oil Well
◍ Others Request
By Product
◍ Mini Excavator (below 6t)
◍ Small Excavator (6-15t)
◍ Medium-Sized Excavator (15-30t)
◍ Large-Sized Excavator (Above 30t)
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Market Growth
$ 74.00 Billion
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