NEW
YORK, Sept. 2, 2024 /PRNewswire/ -- Report with
the AI impact on market trends- The global wheeled excavators
market size is estimated to grow by USD 1.29
billion from 2024-2028, according to Technavio. The market
is estimated to grow at a CAGR of 4.36% during the forecast period.
Rise in residential and commercial construction activities is
driving market growth, with a trend towards new product
launches by market vendors. However, volatility in raw
material prices poses a challenge. Key market players include AB
Volvo, Caterpillar Inc., China National Machinery Industry Corp.
Ltd., CNH Industrial N.V., Deere and Co., Groupe Mecalac SAS, HD
Hyundai Construction Equipment Co. Ltd., Hitachi Ltd., J C Bamford
Excavators Ltd., Karmica , Komatsu Ltd., Liebherr International AG,
MaxPower Corp.`, Podlasly Baumaschinen GmbH, Sany Group,
SHANDONG KEN STONE HEAVY MACHINERY
CO. LTD, Wacker Neuson SE, Xuzhou Construction Machinery Group Co.
Ltd., and Yanmar Holdings Co. Ltd..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
-
|
Segment
Covered
|
Application
(Construction, Utility, and Mining), End-user (Contractors, Rental
providers, and Others), and Geography (APAC, Europe, North America,
South America, and Middle East and Africa)
|
Region
Covered
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Key companies
profiled
|
AB Volvo, Caterpillar
Inc., China National Machinery Industry Corp. Ltd., CNH Industrial
N.V., Deere and Co., Groupe Mecalac SAS, HD Hyundai Construction
Equipment Co. Ltd., Hitachi Ltd., J C Bamford Excavators Ltd.,
Karmica Global , Komatsu Ltd., Liebherr International AG,
MaxPower Corp.`, Podlasly Baumaschinen GmbH, Sany Group, SHANDONG
KEN STONE HEAVY MACHINERY CO. LTD, Wacker Neuson SE, Xuzhou
Construction Machinery Group Co. Ltd., and Yanmar Holdings Co.
Ltd.
|
Key Market Trends Fueling Growth
The Wheeled Excavator market is experiencing steady growth due
to its versatility and mobility. These machines offer increased
productivity and efficiency in various construction applications.
Key players in the industry include Caterpillar, Komatsu, and Volvo
Construction Equipment. Market growth is driven by infrastructure
development, housing, and mining sectors. Advanced technologies
such as fuel efficiency and automation are also boosting demand.
The market is expected to continue expanding, offering significant
opportunities for manufacturers and suppliers.
Wheeled excavators, also known as mobile excavators, are gaining
popularity in various industries due to their mobility and
versatility. These machines are widely used in construction
purposes, infrastructural activities, mining sectors, and
commercial activities, among others. The trend towards urbanization
and the development of smart cities is driving the demand for
wheeled excavators in megacities. Key trends in wheeled excavators
include ride control, swing pump, and load-sensing hydraulics.
These features enhance the machine's performance and efficiency in
hilly areas and improve ground grip. The mining and quarrying,
waste & recycling, forestry, demolition, and construction
sectors are major consumers of wheeled excavators. Machines with
higher load lifting capacity, stable stabilizers, and stringent
emission control are in demand. Smart technologies, such as
electric-powered wheel excavators and lithium-ion technology, are
also gaining traction due to their sustainability and lower carbon
footprints. Maintenance cost, operational speed, and arm and boom
length are essential factors for buyers. Wheeled excavators offer a
cost-effective alternative to crawler excavators, suction
excavators, and dragline excavators. The construction sector,
particularly road constructions, is a significant market for
wheeled excavators due to their flexibility and maneuverability. In
conclusion, wheeled excavators are essential machines for various
industries, and their demand is expected to grow due to
urbanization, sustainability, and smart technologies. Buyers should
consider factors such as load lifting capacity, maintenance cost,
and operational speed when selecting a wheeled excavator for their
needs.
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Market Challenges
- The Wheeled Excavator market is experiencing significant growth
due to increasing infrastructure projects and construction
activities. These machines offer mobility and versatility, making
them a preferred choice for various applications. Key players in
this market include Caterpillar, Komatsu, and Volvo Construction
Equipment. They invest in research and development to enhance
productivity and efficiency. The market is expected to continue its
expansion in the coming years.
- Wheeled excavators face challenges in delivering optimal
performance due to factors like hydraulic force, bucket size, arm
length, and boom length. Operational speed is another concern, as
wheeled excavators often lag behind crawler excavators.
Infrastructural activities and commercial projects require heavy
load lifting capacity, which can be a challenge for wheeled
excavators. Stable stabilizers are essential for wheeled excavators
to perform effectively on uneven terrain. Stringent regulations
regarding emission control and environmental friendliness are
driving the market towards eco-friendly machines. The construction
sector, including road constructions, mining & quarrying, waste
& recycling, forestry, demolition, and residential, commercial
projects, is a significant consumer of excavators. Sustainable
practices and reducing carbon footprints are key considerations.
New technologies like electric-powered wheel excavators and
lithium-ion technology offer promising solutions. However,
challenges remain, such as the high cost of electric-powered
machines and the need for charging infrastructure. Mining projects
and large-scale construction sites may still favor crawler
excavators due to their superior load lifting capacity and
stability. Suction excavators and dragline excavators have their
unique applications but face challenges in terms of versatility and
cost-effectiveness compared to wheeled and crawler excavators.
Front end loaders and backhoe loaders serve distinct purposes but
face challenges in terms of maneuverability and versatility
compared to excavators.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This wheeled excavators market report extensively covers market
segmentation by
- Application
- 1.1 Construction
- 1.2 Utility
- 1.3 Mining
- End-user
- 2.1 Contractors
- 2.2 Rental providers
- 2.3 Others
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Construction- Wheeled excavators play a crucial
role in infrastructure development projects, offering versatility
for demolition, excavation, and material transportation. Vendors
are designing specialized wheeled excavators for construction, road
building, and civil engineering applications. These machines, with
digging ranges from 30 to 45 degrees, are employed in small-scale
housing projects, landfilling, and large-scale projects like road
development and marine structure construction. Wheeled excavators'
ability to perform multiple tasks accelerates project completion,
making them indispensable in the construction sector. Customized
wheeled excavators, such as Hitachi's factory-modified models for
demolition, material handling, forestry, and tunneling, further
cater to specific end-users' demands. The expanding construction
sector directly influences the global wheeled excavators market
growth.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data ( - ) - Download a Sample Report
Research Analysis
Wheeled excavators, also known as mobile excavators, are
versatile construction machinery designed for various applications,
particularly in the mining sectors, megacities, and smart cities.
They offer the maneuverability of a truck with the digging power of
an excavator. Wheeled excavators feature ride control systems for a
smoother ride, swing pumps for efficient hydraulic flow, and
load-sensing hydraulics for optimal performance. These machines are
ideal for hilly areas and can handle a range of soils for
construction purposes and heavy construction activities. With
hydraulic forces up to 300,000 pounds, a bucket capacity of up to
1.5 cubic yards, and arm and boom lengths reaching over 30 feet,
wheeled excavators outperform crawler excavators, suction
excavators, and dragline excavators in terms of operational speed
and mobility. The construction sector is a significant market for
wheeled excavators, with a growing focus on sustainable practices
and reducing carbon footprints. Infrastructure development
projects, such as road construction, are major applications for
these machines. The future of wheeled excavators includes
electric-powered models, further reducing their environmental
impact.
Market Research Overview
Wheeled excavators, also known as mobile excavators, are
versatile construction machines designed for various applications
in diverse sectors. These machines offer advantages over crawler
excavators in terms of mobility and maneuverability, making them
ideal for infrastructural activities in megacities and smart
cities. With ride control, swing pump, and load-sensing hydraulics,
they provide enhanced stability and efficiency in hilly areas.
Wheeled excavators are used for heavy construction activities, soil
excavation, and load lifting in mining sectors, commercial
activities, urbanization, road constructions, and more. The
machine's hydraulic force, bucket size, arm length, and boom length
can be customized based on the specific application. Operational
speed and ground grip are essential factors in the selection
process. Maintenance cost, stringent regulations, and emission
control are significant concerns in the industry. Environmentally
friendly machines, such as electric-powered wheel excavators with
lithium-ion technology, are gaining popularity in various sectors,
including mining projects, residential projects, and commercial
projects. In addition to wheeled excavators, other types of
excavators include crawler excavators, suction excavators, dragline
excavators, front end loaders, and backhoe loaders. These machines
cater to specific needs in mining & quarrying, waste &
recycling, forestry, demolition, and the construction sector.
Sustainable practices and reducing carbon footprints are essential
considerations in the excavator market.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Construction
- Utility
- Mining
- End-user
-
- Contractors
- Rental Providers
- Others
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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