Mining Equipment & Services · Indirect
Monitoring · monthlyProcurement Category Intelligence
Mining Excavators
Overview
Market size
$24
global, USD
CAGR
7.2%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
5
tracked players
Signals
12
1 high severity
Market outlook
2031$34
What changed
Demand by region
Asia Pacific demand40%
North America demand25%
Latin America demand15%
Europe demand10%
Rest of world demand10%
share of global demandtotal 100%
Cost drivers
Steel and heavy fabricated alloy plates35%
Hydraulic systems, powertrains, and specialized components25%
Direct manufacturing labor and engineering design18%
Factory overhead and energy consumption12%
Inbound and outbound heavy machinery logistics10%
share of delivered cost (analyst estimate)