Global Excavator Market Overview, 20220-2025| Market Size, Market Share, Market Trends, Market Dynam

by Bonafide Research Bonafide Research: Market Research Reports & Indus

Excavators are the heavy construction machineries, generally used to move large and heavy objects. Such excavators use fluid mechanism for effective working. Excavators generally have a multipurpose usage such as earth digging, mining, loading, quarrying, etc. These machineries are capable of working in three dimensions and in all directions. The most common types of excavators are crawlers, mini excavators, dragline excavators, suctions excavators, skid steer, and long reach excavators. The need for abrupt & flawless constructions have across the globe has propelled the demand in excavator market. Along with this, the stellar need for movable equipments within the construction industry has given a boost to the market. The growth of construction industry is driven by the development of large-scale infrastructure projects, transportation development facilities, etc

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The report titled 'Global Excavator Market Overview' published by Bonafide Research highlights the market performance of different types of excavators with a global comparison of the historic and the forecasted data. The increasing government expenditure over developing the public infrastructure and the individual living lifestyle, which have given rise to demand for more housing units, are seen as the market drivers for the excavators globally. The introduction of new emission standards and the development of better fuel-efficient methods are to support the growth in the forecasted period. The global excavator market is expected to increase with more than 5% CAGR over the forecasted period with a gradual year on year growth.
The excavator industry is cost sensitive, which has pushed the leading manufacturers fund their R&D constantly towards delivering an efficient performance and unique features to attract more customers. The Asia Pacific region shows the increasing trend in the market share, owing to the availability of labour at cheaper rates and the need for improvising the infrastructure quality in the major developing countries. The Latin American region holds the least share out of all the regions. The factors behind this lag are the fluctuation in fuel rates and the weak economical conditions. The North American region is likely to lose a part of its share by 2025 and reach 18.98%, which is calculated to 21.37% in the year 2019. The market share of Middle East & Africa regions doesn’t show much fluctuation and with a slight increase, it would reach to 14.71% by 2025 from 14.10% in 2019.
Even though the market shows an overall growth, the industry is full of hindrance that hampers the growth, but the leading manufacturers and the end users have made possible alternatives to overcome the same. The major issue being the high initial cost required for the purchase of these heavy machineries. Crushing this hurdle, many contracting firms have started opting for renting the excavators rather than owning one. This not only helps them save on the initial expenses but also saves the other indirect expenses. Apart from this, the major issues such as lack of skilled labours, various environmental regulations imposed by the government, timely unavailability of components, etc are still faced by the manufacturers.
MAJOR COMPANIES PRESENT IN THE MARKET
Caperpillar, Doosan, Epiroc, Hitachi Constructions, JCB, John Deere, Kobelco, Komatsu, Kubota, Liebherr, Metso, Sandvik Mining And Rock Technology, Sany, Terex, Volvo Construction Equipment, Zoomlion
CONSIDERED IN THE REPORT
• Geography: World Wide
• Base year: 2018-19
• Historical year: 2013-14
• Estimated year: 2019-20
• Forecasted year: 2024-25

REGIONS COVERED:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
The report also covers the major countries in the region with a clear comparison of the past performance and the estimated growth of the market in the forecasted period. Also, the market is studied in detail with respect to the different types of the excavators and its purposes regionally.

ASPECTS COVERED IN THE REPORT
• Market Size By Value for the time period (2014-2019)
• Market Size By Value for the time period (2020-2025)
• Market Share by Application (2019 & 2025)
• Market Share by Machine Type (2019 & 2025)
• Market Share by Region (2019 & 2025)
• Market Share by Country (2019 & 2025)
• Market Share by Company (2019)

THE APPROACH OF THE REPORT:
We keep an eye on evolving markets and try to evaluate the potentials in the product and services. If we found the market interesting, we start working on it and create the desired table of content considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personals, company owners, dealers, distributors & end-users. Once the questionnaires have been finalized, we start collecting the primary data (majorly through phone calls) and try to understand the market dynamics with regional/tier wise. This process gives us in-depth detail of the market including all present companies, the top-performing product with reasons why they dominate; we get the details of new players and their innovative approach and market trends, dynamics, and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. By this, we get a rough estimate of the market and start checking existing product price variant, trade, production, raw material scenario, policies and regulatory landscape, etc. Then to finalize the market, we start collecting financials of each player present in the market including limited, private limited, and LLPs. Moreover, we perform cross-industry, cross-region analysis of the product, and based on collected primary inputs and using statistical modeling we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but giving more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, and PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validates the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in strategic recommendations’ for new as well as the existing players. The QC team then checks the overall report that includes spell check, data verification and makes the same dispatch ready and error-free.

INTENDED AUDIENCE
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the construction machinery and excavator industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Table of Content :
1. Executive Summary
2. Report Methodology
3. Global Excavator Market Outlook
3.1. Market Size By Value
3.2. Market Share
3.2.1. By Application
3.2.2. By Machinery type
3.2.3. By Region
3.2.4. By Country
3.2.5. By Company
4. North America Excavator Market Outlook
4.1. Market Size By Value
4.2. Market Share
4.2.1. By Application
4.2.2. By Machinery type
4.2.3. By Country
4.3. US Excavator Market Outlook
4.4. Canada Excavator Market Outlook
4.5. Mexico Excavator Market Outlook
4.6 Rest Of North America Excavator Market Outlook
5. Europe Excavator Market Outlook
5.1. Market Size By Value
5.2. Market Share
5.2.1. By Application
5.2.2. By Machinery type
5.2.3. By Country
5.3. Germany Excavator Market Outlook
5.3 UK Excavator Market Outlook
5.4 France Excavator Market Outlook
5.5 Italy Excavator Market Outlook
5.6 Spain Excavator Market Outlook
5.7 Russia Excavator Market Outlook
5.8 Rest Of Europe Excavator Market Outlook
6. Asia Pacific Excavator Market Outlook
6.1. Market Size By Value
6.2. Market Share
6.2.1. By Application
6.2.2. By Machinery type
6.2.3. By Country
6.3. Japan Excavator Market Outlook
6.4. China Excavator Market Outlook
6.5. India Excavator Market Outlook
6.6. Australia Excavator Market Outlook
6.7. Rest of Asia Pacific Excavator Market Outlook
7. Latin America Excavator Market Outlook
7.1. Market Size By Value
7.2. Market Share
7.2.1. By Application
7.2.2. By Machinery type
7.2.3. By Country
7.3. Brazil Excavator Market Outlook
7.4. Argentina Excavator Market Outlook
7.5. Colombia Excavator Market Outlook
7.6. Rest of Latin America Excavator Market Outlook
8. Middle east & Africa Excavator Market Outlook
8.1. Market Size By Value
8.2. Market Share
8.2.1. By Application
8.2.2. By Machinery type
8.2.3. By Country
8.3. UAE Excavator Market Outlook
8.4. Saudi Arabia Excavator Market Outlook
8.5. Qatar Excavator Market Outlook
8.6. South Africa Excavator Market Outlook
8.7. Rest of Middle East & Africa Excavator Market Outlook
9. Global Excavator Market Dynamics
9.1 Key Drivers
9.2 Key Challenges
10. Market Trends & Developments
11. Competitive Landscape
12. Company Profiles
12.1 Caterpillar Private Limited
12.2 CNH Industrial
12.3 Doosan Infracore
12.4 Epiroc Construction Machinery Co. Ltd
12.5 Hitachi Construction Machinery Co. Ltd
12.6 J C Bamford Excavators Ltd
12.7 John Deere Ltd
12.8 Kobe Steel Ltd
12.9 Komatsu Ltd.
12.10 Kubota Corporation
12.11 Liebherr Group
12.12 Metso Corporation
12.13 Sandvik Mining And Rock Technology
12.14 Sany Group
12.15 Terex Corporation
12.16 Volvo Construction Equipments
12.17 XCMG Ltd.
12.18 Zoomlion Co. Ltd.
13. Disclaimer

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