China Excavators Market Size & Outlook, 2022-2030
China excavators market, 2018-2030 (US$M)
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China excavators market highlights
- The China excavators market generated a revenue of USD 7,091.3 million in 2022 and is expected to reach USD 11,710.6 million by 2030.
- The China market is expected to grow at a CAGR of 6.5% from 2023 to 2030.
- In terms of segment, 46> was the largest revenue generating vehicle weight in 2022.
- <10 is the most lucrative vehicle weight segment registering the fastest growth during the forecast period.
Excavators market data book summary
| Market revenue in 2022 | USD 7,091.3 million |
| Market revenue in 2030 | USD 11,710.6 million |
| Growth rate | 6.5% (CAGR from 2022 to 2030) |
| Largest segment | 46> |
| Fastest growing segment | <10 |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | <10, 11to45, 46> |
| Key market players worldwide | Atlas Copco AB ADR, Caterpillar Inc, Hitachi Construction Machinery Co Ltd, Deere & Co, Kobe Steel Ltd, Komatsu Ltd, Mitsubishi Corp, Manitou BF SA, Sumitomo Corp, Terex Corp, Volvo AB ADR |
Other key industry trends
- In terms of revenue, China accounted for 17.7% of the global excavators market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China excavators market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,234.3 million by 2030.
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Excavators Market Scope
Excavators Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 36.22% in 2022. Horizon Databook has segmented the China excavators market based on <10, 11to45, 46> covering the revenue growth of each sub-segment from 2018 to 2030.
- China 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
- China Excavators Engine Capacity Outlook (Revenue, USD Million, 2018-2030)
- Up to 250 HP
- 250-500 HP
- More than 500 HP
- China Excavators Type Outlook (Revenue, USD Million, 2018-2030)
- Wheel
- Crawler
- China Excavators Propulsion Type Outlook (Revenue, USD Million, 2018-2030)
- Electric
- ICE
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Target buyers of China 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 country-level data and insights on the China excavators market , including forecasts for subscribers. This country databook contains high-level insights into China excavators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China excavators market outlook size, by vehicle weight, 2018-2030 (US$M)
China Excavators Market Outlook Share, 2022 & 2030 (US$M)
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