Global Excavators Market Size & Outlook, 2022-2030
Global excavators market, 2018-2030 (US$M)
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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 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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Our clientele includes a mix of excavators market companies, investment firms, advisory firms & academic institutions.
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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 size, by region, 2018-2030 (US$M)
Top 10 countries: Excavators market size, 2022 (US$M)
Global excavators market share, by vehicle weight, 2022 & 2030 (%, US$M)
Excavators market: Opportunity assessment by country
Global excavators market, by region, 2022 (US$M)
| Vehicle Weight | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4,406.4 | 5,379.3 | 5,080.9 | 7,170.6 | 8,010.1 | 8,690.4 | 9,378.0 | 10,077.8 | 10,733.5 | 11,329.9 | 11,936.8 | 12,544.8 | 13,167.5 | 6.4% |
| Europe | 5,496.7 | 6,694.5 | 8,106.1 | 10,167.9 | 11,331.8 | 12,267.1 | 13,205.3 | 14,154.8 | 15,032.6 | 15,828.8 | 16,633.8 | 17,437.8 | 18,259.4 | 6.1% |
| Asia Pacific | 8,307.1 | 10,181.0 | 10,421.6 | 14,229.5 | 15,794.0 | 17,123.4 | 18,492.7 | 19,912.5 | 21,284.3 | 22,585.4 | 23,931.3 | 25,309.1 | 26,738.1 | 6.8% |
| Latin America | 1,034.1 | 1,259.7 | 1,256.9 | 1,722.8 | 1,920.2 | 2,075.4 | 2,231.6 | 2,390.3 | 2,539.0 | 2,677.6 | 2,818.8 | 2,962.3 | 3,110.5 | 6.2% |
| MEA | 1,571.6 | 1,916.2 | 1,942.3 | 2,644.3 | 2,949.9 | 3,196.3 | 3,444.2 | 3,695.6 | 3,929.0 | 4,141.0 | 4,355.9 | 4,570.8 | 4,790.7 | 6.3% |
| Overall | 20,815.8 | 25,430.7 | 26,807.7 | 35,935.1 | 40,006.1 | 43,352.6 | 46,751.7 | 50,231.0 | 53,518.3 | 56,562.7 | 59,676.7 | 62,824.8 | 66,066.1 | 6.5% |
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