Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
The Europe excavator market is projected to grow at a CAGR of 6.4% during the forecast period of 2024-2032, driven by the growing technological advancements and innovative solutions.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
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:
Based on mechanism type, the industry can be broadly categorised into:
By power range, the market segmentation includes:
The major applications of the product are:
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.
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.
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:
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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The Europe excavator market is projected to grow at a CAGR of 6.4% between 2024 and 2032.
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.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124