굴삭기 시장 규모, 점유율, 성장 분석, 차량 중량별, 엔진 용량별, 유형별, 구동 유형별, 지역별 - 산업 예측(2025-2032년)

Global Excavators Market size was valued at USD 76.4 billion in 2023 and is poised to grow from USD 81.67 billion in 2024 to USD 139.28 billion by 2032, growing at a CAGR of 6.9% during the forecast period (2025-2032).

The global excavators market is experiencing robust growth fueled by infrastructure development initiatives such as roads, bridges, and urbanization, which drive demand for heavy construction equipment. Investments in infrastructure enhancement by governments amplify the need for excavators, prompting companies to innovate and advance their technological offerings. Additionally, growth in the mining and construction sectors significantly contributes to this demand, as excavators are vital in foundational work and mineral extraction. The rise of electric and hybrid excavators, characterized by lower emissions and improved energy efficiency, is further transforming the industry landscape. As industry leaders prioritize sustainable solutions and governments promote green infrastructure, the demand for eco-friendly excavators is surging, indicating a promising future for manufacturing and service providers within this sector.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Excavators market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Excavators Market Segments Analysis

Global Excavators Market is segmented by Vehicle Weight, Engine Capacity, Type, Drive Type and region. Based on Vehicle Weight, the market is segmented into <10 Tons, 11to45 Tons and 46> Tons. Based on Engine Capacity, the market is segmented into Up to 250 HP, 250-500 HP and More than 500 HP. Based on Type, the market is segmented into Wheel and Crawler. Based on Drive Type, the market is segmented into Electric and ICE. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Excavators Market

The global excavators market is experiencing significant growth driven by a rising demand for infrastructure development, including the construction of bridges, highways, and smart cities. Governments around the world are initiating extensive construction projects, particularly in emerging economies where urbanization is rapidly advancing. This surge in the construction of residential and commercial buildings, in line with the increasing urban population, has heightened the need for excavation services. These activities encompass a range of operations, such as underground utility installations, foundation work, and site preparation, all contributing to the dynamic expansion of the excavators market.

Restraints in the Global Excavators Market

The substantial financial investment required for technologically advanced excavators poses significant challenges for small and medium-sized construction firms, preventing many from making these acquisitions. Furthermore, the ongoing costs associated with maintaining heavy machinery, especially electric and hybrid models, can be prohibitively high. This economic burden may stifle demand for excavators, particularly in developing regions where potential customers are more sensitive to pricing. As a result, the progression of the excavator market may be impeded, as businesses grapple with both the initial purchase cost and the long-term financial implications of equipment upkeep.

Market Trends of the Global Excavators Market

The Global Excavators market is currently witnessing a significant trend towards the emergence of hybrid and electric excavators, driven by the growing demand for environmentally sustainable construction equipment. With governments worldwide imposing stringent emissions regulations, companies are increasingly compelled to invest in cleaner alternatives. Industry leaders, such as Komatsu and Volvo CE, are at the forefront of this transition, unveiling zero-emission excavators that not only significantly reduce fuel consumption but also minimize noise pollution while enhancing operational efficiency. This pivot towards electrification and hybrid technology reflects a broader industry commitment to sustainability, shaping the future landscape of the construction machinery market.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis

Global Excavators Market Size by Vehicle Weight & CAGR (2025-2032)

• Market Overview
• <10 Tons
• 11to45 Tons
• 46> Tons

Global Excavators Market Size by Engine Capacity & CAGR (2025-2032)

• Market Overview
• Up to 250 HP
• 250-500 HP
• More than 500 HP

Global Excavators Market Size by Type & CAGR (2025-2032)

• Market Overview
• Wheel
• Crawler

Global Excavators Market Size by Drive Type & CAGR (2025-2032)

• Market Overview
• Electric
• ICE

Global Excavators Market Size & CAGR (2025-2032)

• North America (Vehicle Weight, Engine Capacity, Type, Drive Type)
  • US
  • Canada
• Europe (Vehicle Weight, Engine Capacity, Type, Drive Type)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Vehicle Weight, Engine Capacity, Type, Drive Type)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Vehicle Weight, Engine Capacity, Type, Drive Type)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Vehicle Weight, Engine Capacity, Type, Drive Type)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• Caterpillar Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Komatsu Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SANY Group Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hitachi Construction Machinery Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Volvo Construction Equipment (Sweden)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• XCMG Group (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• JCB (J.C. Bamford Excavators Ltd) (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Liebherr Group (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hyundai Doosan Infracore (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kobelco Construction Machinery Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• John Deere (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• CNH Industrial (Case Construction Equipment) (UK/USA/Italy)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Bobcat Company (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Zoomlion Heavy Industry Science & Technology Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LiuGong Machinery Corp., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kubota Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Yanmar Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Wacker Neuson SE (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Terex Corporation (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations