Excavators Market Size Worth $62.2 Billion By 2026 | CAGR: 4.32%
                     Excavator Market
Set to Exceed USD 62.2 billion by 2026 | CAGR 4.32%
“Excavator Market Share, Size, Trends, & Industry 
Analysis Report By Product Type (Mini, Heavy, 
Wheeled, Crawler); By Application (Construction, 
Mining, Waste Management); By Region, Segment 
Forecasts, 2020 - 2026”
Excavator Market Estimate & Forecast to 2026
The global excavator market size is expected to reach USD 62.2 billion by 2026 according to 
a new study by Polaris Market Research.
Excavators are building equipment which is equipped with a dipper, boom or bucket fixed on 
a mobile platform that is based on application requirements. The excavators assist in the 
execution of excavation, landscaping, picking and placing, handling and construction of 
materials, demolition and other activities. The excavators also help to complete labor-
intensive tasks or earlier work performed using heavy building equipment.
Advances in technology have also resulted in superior equipment for excavators with high 
power output and performance capabilities, offering effective alternative solutions for heavy 
construction equipment. As a result, excavators are available for various applications in 
various power output capacities.
One of the major indicators driving the growth of the market for excavators during the 
forecast period is the growing construction industry. It is also expected that the versatile 
advantages of excavators, such as durability, compact size, superior maneuverability, 
availability of different power output ranges and others, will fuel the demand for excavators 
over the forecast period. In order to optimize the building process in the construction 
industry, rapid infrastructuCroapyrli ghtd ©e Povlaerisl Moaprkemt Resenartc h &a Cnondsu ltintge LLcPh 20n18o. Allol Righitcs Raels ervaed vancement lead to the 2
incorporation of advanced machinery and equipment.
 Excavator Market Scope
By Product Type By Application Type By Region Report Attributes
 Mini  Construction  North America  Historic year: 2015-2018
 Heavy  Mining  Europe  Base year: 2019
 Wheeled  Waste Management  Asia Pacific  Forecast Year: 2020-2026
 Crawler  Latin America Middle  Revenue (USD Million)
East & Africa 
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Excavator Market Estimate & Forecast to 2026
Saudi Arabia and Israel’s market is also growing rapidly. This is expected to increase the 
Middle East & Africa market share. The region is a leading oil and gas market and thus offers 
huge opportunities for the MEA region. Due to the implementation of new emission 
standards, companies are trying to introduce environment friendly machines and are 
constantly trying to develop enhanced products which would meet the international 
regulations and norms. This is one of the major concern for the overall industry.
Increasing investment in the residential building segment followed by development of 
transport infrastructure is projected to increase growth prospects in this market. This will 
result in a steady rate of market growth and increase the sales of manufacturers of 
excavators. Some of the key players in the market include John Deere, Komatsu, Liebherr, 
KUBOTA Corporation, CNH Industrial N.V., Doosan Bobcat Inc, Caterpillar, Hitachi, Kato 
Works Co., Ltd. and Kobelco among others.
                                                                   
                                                                    
                                        C  o py r ig h t ©  P o l a ris  M a rk e t R e s e a rc h  &  C o n s ul ti ngB LLrPo 20w18.s Alel R igChtso Rmeserpvedlete Report 4
Excavator Market Share
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