According to a market report by Lucintel, the future of the global hydraulic excavator market looks promising with opportunities in the construction, mining, forestry, and agriculture markets. The global hydraulic excavator market is expected to grow with a CAGR of 5.3% from 2025 to 2031. The major drivers for this market are the increasing infrastructure development & construction projects, the rising demand from expanding mining activities, and the growing adoption of advanced, fuel‑efficient excavators.
A more than 150-page report to understand trends, opportunity and forecast in hydraulic excavator market to 2031 by type (crawler excavators, mini excavators, wheeled excavators, and others), operating weight (up to 10 tons, 10-20 tons, 20-40 tons, and above 40 tons), application (construction, mining, forestry, agriculture, and others), end use (contractors, rental providers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, crawler excavator is expected to witness the highest growth over the forecast period.
Within the application category, construction is expected to witness the highest growth.
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In terms of region, APAC is expected to witness the highest growth over the forecast period.
Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., Volvo Construction Equipment, Liebherr Group, Doosan Infracore Co., Ltd., Hyundai Construction Equipment Co., Ltd., JCB Ltd., Kobelco Construction Machinery Co., Ltd., SA are the major suppliers in the hydraulic excavator market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] to get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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