A hydraulic excavator (digger) is a large vehicle that is designed for excavation and demolition purposes. Hydraulic excavators consist of a chassis, boom, and bucket, and move via tracks or wheels. They range in size and function, an example of which is the similar but smaller “mini excavator.”
According to the new market research report “Hydraulic Excavators - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Hydraulic Excavators market size is projected to reach USD 64.37 billion by 2030, at a CAGR of 5.5% during the forecast period.
- Global Hydraulic Excavators MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Hydraulic Excavators - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Hydraulic Excavators Top10 Players Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Hydraulic Excavators - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Hydraulic Excavators include Caterpillar, Hitachi Construction Machinery, SANY, Komatsu, XCMG, Volvo, Kobelco, CNH Industrial (CASE), Liebherr, Develon, etc. In 2023, the global top five players had a share approximately 51.0% in terms of revenue.
- Hydraulic Excavators,Global Market Size, Split by Product Segment
Source: QYResearch, "Hydraulic Excavators - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Large (>30t) is the largest segment, hold a share of 43.0%.
- Hydraulic Excavators,Global Market Size, Split by ApplicationSegment
Source: QYResearch, "Hydraulic Excavators - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, currently Building/Real Estate is the largest segment, hold a share of 29.3%.
- Hydraulic Excavators,Global Market Size, Split by Region
Source: QYResearch, "Hydraulic Excavators - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
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