Global Excavators Market Size & Outlook
The excavators industry worldwide is expected to reach a projected revenue of US$ 66,066.1 million by 2030. A compound annual growth rate of 6.5% is expected of the worldwide excavators industry from 2023 to 2030.
Revenue, 2022 (US$M)
$40,006.1
Forecast, 2030 (US$M)
$66,066.1
CAGR, 2023 - 2030
6.5%
Report Coverage
Worldwide
Global excavators market, 2018-2030 (US$M)
Related Markets
Global excavators market highlights
- The global excavators market generated a revenue of USD 40,006.1 million in 2022 and is expected to reach USD 66,066.1 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 6.5% by 2030.
- In terms of segment, 46> accounted for a revenue of USD 13,749.4 million in 2022.
- <10 is the most lucrative vehicle weight segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, France is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 40,006.1 million |
| Market revenue in 2030 | USD 66,066.1 million |
| Growth rate | 6.5% (CAGR from 2022 to 2030) |
| Largest segment | 46> |
| Fastest growing segment | <10 |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | <10, 11to45, 46> |
Other key industry trends
- In terms of revenue, the North America accounted for 20.0% of the global excavators market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 1,815.8 million by 2030.
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Excavators Market Scope
Excavators market segmentation & scope
Rigid Frame
Below 50 metric ton
50 to 300 metric ton
Above 50 metric ton
Articulated Frame
Below 50 metric ton
Above 50 metric ton
Excavators Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global excavators market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to excavators market will help companies and investors design strategic landscapes.
46> was the largest segment with a revenue share of 34.37% in 2022. Horizon Databook has segmented the Global excavators market based on <10, 11to45, 46> covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Excavators Vehicle Weight Outlook (Revenue, USD Million, 2018-2030)
- <10
- 11to45
- 46>
- Rigid Frame
- Below 50 metric ton
- 50 to 300 metric ton
- Above 50 metric ton
- Articulated Frame
- Below 50 metric ton
- Above 50 metric ton
- Global Excavators Engine Capacity Outlook (Revenue, USD Million, 2018-2030)
- Up to 250 HP
- 250-500 HP
- More than 500 HP
- Global Excavators Type Outlook (Revenue, USD Million, 2018-2030)
- Wheel
- Crawler
- Global Excavators Propulsion Type Outlook (Revenue, USD Million, 2018-2030)
- Electric
- ICE
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Target buyers of Global excavators market databook
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Our clientele includes a mix of excavators market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global excavators market , including forecasts for subscribers. This global databook contains high-level insights into Global excavators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global excavators market outlook statistics, by region, 2018-2030 (US$M)
Top 10 countries: Excavators market size, 2022 (USD Million)
Top 10 countries: Excavators market size, 2022 (USD Million)
Global excavators market, by region, 2022 (US$M)
Related regional statistics
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