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Europe Excavator Market

Europe Excavator Market Size, Share, Trends, Growth: By Product: Mini/Compact, Crawler, Demolition, Others; By Mechanism Type: Electric, Hydraulic, Hybrid; By Power Range: Upto 300 HP, 301-500 HP, 501 HP and Above; By Application: Mining, Construction, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Europe Excavator Market Outlook

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.

 

europe excavator market

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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

 

europe excavator market by segments

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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

 

europe excavator market by region

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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 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:

  • Product
  • Mechanism Type
  • Power Range
  • Application
  • Region
Breakup by Product
  • Mini/Compact
  • Crawler
  • Demolition
  • Others
Breakup by Mechanism Type
  • Electric
  • Hydraulic
  • Hybrid
Breakup by Power Range
  • Upto 300 HP
  • 301-500 HP
  • 501 HP and Above
Breakup by Application
  • Mining
  • Construction
  • Others
Breakup by Region
  • United Kingdom
  • Germany
  • France
  • Italy
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • CNH Global NV
  • Caterpillar Inc.
  • Volvo Construction Equipment AB
  • Hyundai Construction Equipment Co., Ltd.
  • Kobelco Construction Machinery Co. Ltd.
  • Liebherr Group
  • Others
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 (2018-2023) 
    8.3    Europe Excavator Market Forecast (2024-2032)
    8.4    Europe Excavator Market by Product
        8.4.1    Mini/Compact
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Crawler
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Demolition
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Europe Excavator Market by Mechanism Type
        8.5.1    Electric
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Hydraulic
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Hybrid
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Europe Excavator Market by Power Range
        8.6.1    Upto 300 HP
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    301-500 HP
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    501 HP and Above
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
    8.7    Europe Excavator Market by Application
        8.7.1    Mining
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Construction
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        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 (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Germany
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
    9.3    France
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
    9.4    Italy
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
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 2032
2.    Europe Excavator Historical Market: Breakup by Technology (USD Million), 2018-2023
3.    Europe Excavator Market Forecast: Breakup by Technology (USD Million), 2024-2032
4.    Europe Excavator Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Europe Excavator Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Europe Excavator Historical Market: Breakup by End Use (USD Million), 2018-2023
7.    Europe Excavator Market Forecast: Breakup by End Use (USD Million), 2024-2032
8.    Europe Excavator Historical Market: Breakup by Country (USD Million), 2018-2023
9.    Europe Excavator Market Forecast: Breakup by Country (USD Million), 2024-2032
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 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.

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 2024-2032, 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.

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