General Construction Products & Machinery · Direct
Monitoring · monthlyProcurement Category Intelligence
Excavators
Overview
Market size
$78,500
global, USD
CAGR
4.6%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
9
tracked players
Signals
12
3 high severity
Market outlook
2031$98294
What changed
Demand by region
Asia Pacific demand42%
North America demand26%
Europe demand18%
Latin America demand8%
Middle East & Africa demand6%
share of global demandtotal 100%
Cost drivers
Steel and structural fabricated components35%
Powertrain and hydraulic systems25%
Direct manufacturing labor15%
Technology, software, and electronic upgrades13%
Logistics and ocean freight outbound12%
share of delivered cost (analyst estimate)