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Crawler Excavator Market Share

Report ID: GMI7464
Published Date: Nov 2023
Report Format: PDF

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Crawler Excavator Market Share

Major players operating in the crawler excavator industry are:

AB Volvo
Caterpillar Inc.
Deere & Company
Doosan Infracore Co. Ltd
Hitachi Construction Machinery Co. Ltd
J.C.Bamford Excavators Ltd
Komatsu Ltd
Liebherr Group
Sany Heavy Industry Co., Ltd.
XCMG

Major players in the crawler excavator business are intensifying competition by launching mining-specific excavators and emphasizing electrification. These strategic moves aim to capture market share by catering to specific industry needs while aligning with the growing demand for environmentally friendly and technologically advanced construction equipment.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Industry size for crawler excavator reached USD 33.8 billion in 2022 and is projected to record over 4.5% CAGR from 2023 to 2032 owing to the rising government investments in road construction projects.

Medium crawler excavators industry accounted for around 30% revenue share in 2022 and is set to witness high demand through 2032 owing to their versatility and ability to seamlessly adapt to various construction tasks.

Asia Pacific held more than 35% revenue share of the crawler excavator market in 2022 and is likely to exhibit robust growth through 2032 owing to the thriving construction sector, encompassing diverse projects from residential to industrial.

Some of the top crawler excavator companies are AB Volvo, Caterpillar Inc., Deere & Company, Hitachi Construction Machinery Co. Ltd., J.C.Bamford Excavators Ltd, Komatsu Ltd., Liebherr Group, Sany Heavy Industry Co., Ltd., and XCMG.