info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Crawler Excavator Market Trends

ID: MRFR//7061-HCR | 110 Pages | Author: Snehal Singh| October 2024

Crawler Excavator Market Synopsis


Crawler Excavator Market Size was valued at USD 35.27 Billion in 2023. The crawler excavator market is projected to grow from USD 36.65 Billion in 2024 to USD 52.16 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.5% during the forecast period (2024 - 2032).


The Global Crawler Excavator Market is expected to witness significant growth in the next few years due to the growing demand for government support for the construction and growth of the mining industry, mainly in the emerging economies such as China, Japan, and South Korea. Governments, across all regions, are promoting infrastructure development. The developing nations are particularly bringing various reforms and regulations to boost their infrastructure and real estate. Such reforms are expected to augment the growth of the crawler excavators market due to the growth of the construction sector. Moreover, with the growing population, the mining industry is expected to grow rapidly in the upcoming years due to an increase in demand for minerals, metals, and other materials. Thus, the impact of the growth of the mining industry is anticipated to enhance the demand for crawler excavators in the global market.


Crawler Excavator Market Overview


The high number of construction projects across the globe creates a high demand for skilled workers. Globally, the demand has outstripped supply, leading to the reduced availability of workers. The lack of skilled labor increases the contractor’s risk by increasing the likelihood of delay. Hence, the impact of lack of skilled labor on the demand crawler excavator industry is expected to shift from high to moderate during the forecast period. Furthermore, the growing demand for crawler excavator rental creates opportunities for the construction equipment manufacturers operating in the crawler excavators market.


Regional Analysis: Global Crawler Excavator Market


Based on region, the global crawler excavator market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.


Asia-Pacific dominated the global market, followed by North America and Europe. This is attributed to the growth of the building & construction industry and the improvement in financial conditions in Asia-Pacific, which have led to a rise in the demand for crawler excavators. The region is also anticipated to witness the fastest growth rate during the forecast period owing to the increasing population in countries such as China, India, and Indonesia, which generate a demand for the construction of residential houses. This is anticipated to increase in the coming years. The growing industrialization across several emerging economies is expected to increase the presence of major companies in these countries, which is expected to boost industrial construction across the regions.


Segmentation: Global Crawler Excavator Market


The Global Crawler Excavator Industry has been segmented based on type and application. Based on type, the global market has been segmented as mini crawler excavators, small crawler excavators, medium crawler excavators, and large crawler excavators. Based on application, the global market is segmented as construction, mining, agriculture, forestry, and others.


The construction segment accounted for the largest market share of around 60% in 2018, which is expected to witness the fastest growth rate during the forecast period. The rapid growth of the real estate industry in developing countries such as India and China had witnessed a considerable increase in the construction of residential properties, which is further expected to stimulate the growth of the segment.


Key Players


The Key Players operating in the Global Crawler Excavator Market include Caterpillar (US), CNH Industrial (UK), Deere & Company (US), Komatsu (Japan), Liebherr (Switzerland), J C Bamford Excavators (UK), AB Volvo (Sweden), Hitachi Construction Machinery (Japan), and Doosan Corporation (South Korea).


Many global and regional players operating in the global crawler excavators Industry. These players are adopting strategies such as mergers & acquisitions, product development, partnerships, and expansion to improve their position in the global market. High competition, rapid changes in technology, and integrated solutions by industry participants are the key factors that impact market growth. Vendors compete based on cost, product quality, and reliability. It is vital for these players to offer cost-effective and superior products to succeed in the competitive market environment.


Recent News


In July, 2022 Volvo Construction Equipment introduced the EC550E crawler excavator for India. The Indian market is perfect because of its Tier 3 engines. It also leads in performance, productivity and efficiency in the industry.

CASE Construction Equipment unveiled their new CASE E-Series Crawler Excavators line up in March 2022. Today, CASE E-Series offers thirteen to thirty tonne models including seven new ones; they all grew out from over one hundred years of earth-moving innovation, manufacturing expertise, and customer input that started with the Industrial Revolution itself and have been channelled into CX130E, CX160E, CX180E, CX210E, CX240E, CX250E including CX300E respectively.

March 2023- Starting from ensuring excellent performance to producing unbeatable output Tata Hitachi announced ZX670H Mining Excavator.

July 2023- Komatsu Ltd plans to rent out two types of electric excavators in Japan/Europe (increments) by launching PC200LCE-11 and 210LCE-11 models with lithium-ion batteries in October or later this year. Besides Asia and North America/Australia, among others, Komatsu also plans to introduce these electric versions series-wise around other parts of the world, including Africa.

Develon (formerly Doosan Construction Equipment) introduced a new DX140LC-7K crawler excavator weighing about 14.6 tons in October this year to replace the DX140LC-7 model that belonged to this company before. While its work range and performance resemble those of DX140LC-7, there are many improvements made to this new machine, making it safe for operators while working on-site, along with a more convenient operation and maintenance experience. The updated serviceability features better access to the DEF tank plus a fuel refilling hose by an operator’s vehicle approach, which is easier to do through newly built non-slip steps behind his cradle.

In August 2020, Volvo Construction Equipment launched its new EC220E crawler excavator. This model is a major launch for the company because it promises best-in-class fuel efficiency as well as emissions reductions compared to the previous D-Series model, enhanced power, and increased productivity. The new 22-tonne crawler excavator features a top-range Tier 4 Final/Stage IV Volvo D6 engine with a fully optimized hydraulics system and ECO mode that renders just enough energy to complete the job at hand while an auto engine shutdown feature helps further reduce fuel consumption and emissions by automatically switching off after being idle for some predetermined time.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.