Reports
Europe Excavator Market: By Product: Mini/Compact, Crawler, Demolition, Others; By Mechanism Type: Electric, Hydraulic, Hybrid; By Power Range; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Europe Excavator Market Outlook
The Europe excavator market is projected to grow at a CAGR of 6.4% during the forecast period of 2023-2028, driven by the growing technological advancements and innovative solutions.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Increasing Product Demand for Construction Applications To Aid the Market Growth of Excavator in Europe
Based on application, the excavator market is divided into mining and construction, among others. Among these, the construction segment is projected to exhibit a significant CAGR over the forecast period. Road projects and initiatives undertaken by the government in Europe are poised to stir up the demand for excavators. Increasing urbanisation and industrialisation are leading to a rise in construction activities and, subsequently, an upsurge in excavator demand. Industries are demanding more fuel-efficient, technologically upgraded equipment for improvising construction operations. The adoption of upgraded excavators reduces the labour costs, tracking of work done in every stage of the process, and operational process. Also, it is expected that there will be a significant market growth in the construction segment owing to the growth of the commercial, residential, and industrial sectors of the region.
Market Segmentations
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
An excavator is a heavy construction equipment that is used to dig trenches and perform excavations. It is used to dig trenches, lay foundations, demolish buildings, dredge rivers, move materials, and carry big objects. It generates hydraulic force and controls the mechanical arm with hydraulic motors powered by an electric, diesel, or gasoline engine.
The different products in the market are:
- Mini/Compact
- Crawler
- Demolition
- Others
Based on mechanism type, the industry can be broadly categorised into:
- Electric
- Hydraulic
- Hybrid
By power range, the market segmentation includes:
- Upto 300 HP
- 301-500 HP
- 501 HP and Above
The major applications of the product are:
- Mining
- Construction
- Others
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The regional markets for excavator can be divided into the United Kingdom, Germany, Italy, and France, among others.
Technological Advancements and Product Innovations Boosting the Market Growth of Excavators
Digitalisation and technological advancements have become an indispensable part of the construction sector. Manufacturers are integrating digital support tools for effective control, and maximum performance as automation and technological advancements grow. Volvo, for example, introduced Dig Assist technology in March 2017, which provides real-time advice to increase operator productivity and deliver intuitive machine control for crawler excavators . The adoption of such solutions is likely to boost the demand for advanced equipment, boosting excavator market revenue. Other factors, including increased building spending and the government's significant infrastructure development initiatives are likely to further propel the market forward. Excavators are in high demand in the region due to an increase in the number of large-scale projects in the mining, oil and gas sector, and road and port construction. The emergence of the concept of excavator rentals is another major driving factor as it enables operators and manufacturers to utilise the equipment without heavy capital investments and make maximum utilisation of the equipment. Additionally, commercial and residential infrastructure developments under smart city initiatives require heavy machines for various applications, including demolishing old buildings, which is expected to further create equipment demand in Europe.
Key Players in the Europe Excavator Market
The report gives a detailed analysis of the following key players in the Europe excavator market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- CNH Global NV
- Caterpillar Inc.
- Volvo Construction Equipment AB
- Hyundai Construction Equipment Co., Ltd.
- Kobelco Construction Machinery Co. Ltd.
- Liebherr Group
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Mechanism Type |
|
| Breakup by Power Range |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Europe
7 Opportunities and Challenges in the Market
8 Europe Excavator Market Analysis
8.1 Key Industry Highlights
8.2 Europe Excavator Historical Market (2018-2022)
8.3 Europe Excavator Market Forecast (2023-2028)
8.4 Europe Excavator Market by Product
8.4.1 Mini/Compact
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Crawler
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Demolition
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Europe Excavator Market by Mechanism Type
8.5.1 Electric
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Hydraulic
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Hybrid
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Europe Excavator Market by Power Range
8.6.1 Upto 300 HP
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 301-500 HP
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 501 HP and Above
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.7 Europe Excavator Market by Application
8.7.1 Mining
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Construction
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Others
8.8 Europe Excavator Market by Country
8.8.1 United Kingdom
8.8.2 Germany
8.8.3 France
8.8.4 Italy
8.8.5 Others
9 Regional Analysis
9.1 United Kingdom
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Germany
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 France
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Italy
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 CNH Global NV
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Caterpillar Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Volvo Construction Equipment AB
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Hyundai Construction Equipment Co., Ltd.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Kobelco Construction Machinery Co. Ltd.
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Liebherr Group
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Others
12 Key Trends and Developments in the Market
List of Figures and Tables
1. Europe Excavator Market: Key Industry Highlights, 2018 and 2028
2. Europe Excavator Historical Market: Breakup by Technology (USD Million), 2018-2022
3. Europe Excavator Market Forecast: Breakup by Technology (USD Million), 2023-2028
4. Europe Excavator Historical Market: Breakup by Application (USD Million), 2018-2022
5. Europe Excavator Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Europe Excavator Historical Market: Breakup by End Use (USD Million), 2018-2022
7. Europe Excavator Market Forecast: Breakup by End Use (USD Million), 2023-2028
8. Europe Excavator Historical Market: Breakup by Country (USD Million), 2018-2022
9. Europe Excavator Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Excavator Market Structure
Key Questions Answered in the Report
The Europe excavator market is projected to grow at a CAGR of 6.4% between 2023 and 2028.
The major drivers of the market include the rapid industrialisation, growing digitalisation, infrastructure development, emergence of the concept of excavator rentals, and smart city initiatives.
Technological advancements and increased spending on construction are the key industry trends propelling the growth of the market.
The major regions in the industry are the United Kingdom, Germany, Italy, and France, among others.
The different products in the market are mini/compact, crawler, and demolition, among others.
Based on mechanism type, the industry can be broadly categorised into electric, hydraulic, and hybrid.
By power range, the market includes upto 300 HP, 301-500 HP, and 501 HP and above.
The major applications of the product are mining and construction, among others.
The major players in the industry are CNH Global NV, Caterpillar Inc., Volvo Construction Equipment AB, Hyundai Construction Equipment Co., Ltd., Kobelco Construction Machinery Co. Ltd., and Liebherr Group, among others.
Analyst Review
The Europe excavator market was driven by the increased spending on construction activities in the historical period. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6.4%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The different products in the market are mini/compact, crawler, and demolition, among others. Based on mechanism type, the industry can be broadly categorised into electric, hydraulic, and hybrid. By power range, the market includes upto 300 HP, 301-500 HP, and 501 HP and above. The major applications of the product are mining and construction, among others. The major regional markets for excavator are the United Kingdom, Germany, Italy, and France, among others. The key players in the above market are CNH Global NV, Caterpillar Inc., Volvo Construction Equipment AB, Hyundai Construction Equipment Co., Ltd., Kobelco Construction Machinery Co. Ltd., and Liebherr Group, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1699
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateSingle User License
$2799-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
$3999-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4999-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Contact AnalystAny Question? Speak With An Analyst
Request SampleView A Sample
Request CustomisationDid You Miss Anything, Ask Now
Why Expert Market Research?Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER