Growth Opportunities in the Excavators and Loaders Industry, 2024-2030

Description

Electrification, Smart Equipment, and Business Model Transformation to Drive Long-Term Growth

Excavators and loaders are versatile machines used in road and infrastructure projects, residential and commercial building construction, and mining operations. The industry has grown significantly in recent years, with a global market size of $55.68 billion in 2023. Frost & Sullivan projects a 5.2% compound annual growth rate (CAGR) to reach $79.48 billion in 2030. Factors driving the industry include infrastructure development and rapid urbanization, construction project demand, application versatility, and sustainability practices.

Frost & Sullivan forecasts that excavator and loader unit sales in the United States and Europe will register resilient CAGRs of 1.5% and 2.1%, respectively, between 2023 and 2030. India and China will likely record strong CAGRs of 6.8% and 5.7%, respectively, for the same period because of urban planning and infrastructure strategies.

The industry is competitive, with many manufacturers wanting a piece of the action. Caterpillar, John Deere, Hitachi, Hyundai, Kobe Steel, Komatsu, Sany, Volvo, CNHI, Kubota, JCB, Liugong, Shantui, and XCMG have a presence in multiple markets and offer a range of products. A trend toward more sustainable and efficient vehicles with an increasing focus on reducing emissions and improving fuel efficiency characterizes the industry. This drives innovation, with manufacturers developing electrification and autonomous technologies.

Major innovations are likely in the areas of electric equipment, smart features such as fleet management and telematics, 5G integration, business model transformation in equipment-as-a-service, financing, and service and maintenance. Frost & Sullivan expects industry growth to be propelled by high-tech innovations, interoperability, and the need for electric equipment.

Product Code: PFD6-42

Transformation in the Excavator and Loaders Industry

Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Excavators and Loaders Industry

Global Economic Environment and Ecosystem

Scope of Analysis
Gross Domestic Product Growth
GDP Growth by Region
Competitive Environment
Key Competitors
Global Construction Industry
Construction Industry: United States
Construction Industry: Europe
Construction Industry: India
Construction Industry: China
Global Mining Industry Outlook
Mining Industry: Regional Outlook
Regulatory Impact: United States
Regulatory Impact: Europe
Regulatory Impact: India
Regulatory Impact: China
Excavators and Loaders Ecosystem
Business Model Canvas Evolution
Top Trends Driving the Excavators and Loaders Industry

Growth Generator

Growth Metrics
Growth Drivers
Growth Restraints
Forecast Methodology
Unit Sales Forecast
Unit Sales Forecast by Region
Revenue Forecast
Revenue Forecast by Region
Equipment in Operation (EIO)
EIO Forecast by Region
Revenue Share
Revenue Share Analysis

Growth Generator: Excavators

Growth Metrics
Unit Sales Forecast
Unit Sales Forecast by Region
Revenue Forecast
Revenue Forecast by Region
EIO Forecast
EIO Forecast by Region
Forecast Methodology

Growth Generator: Loaders

Growth Metrics
Unit Sales Forecast
Unit Sales Forecast by Region
Revenue Forecast
Revenue Forecast by Region
EIO Forecast
EIO Forecast by Region
Forecast Methodology

Growth Generator: Electric Equipment

Trend 1: Electric Equipment, Excavators
TCO Analysis: Electric Excavators
TCO Analysis: Electric Wheel Loaders
Fully Electric Excavators
Electric Excavators Impact Valuation: Doosan Infracore Case Study
Electric Equipment Architecture
Electric Excavator: Key Product Launches
Electric Equipment Forecast
Electric Powertrain Mapping
Hybrid Vehicle Architecture: Excavators
Hybrid Vehicle Architecture: Wheel Loaders
Electric Equipment: Competitive Positioning

Growth Generator: Smart Machinery

Trend 2: Smart Machines
AI Applications
Machine System Innovations
Key Products with Smart Features

Business Model Transformation

Trend 3: BMT, EaaS
Trend 3: BMT, Online Marketplace
OEM Strategies: Service and Maintenance
Trend 3: BMT, Rebuild Strategy
Trend 3: BMT, Financing
Financing Decisions: Explained, XCMG Loader Case Study

Growth Opportunity Universe

Growth Opportunity 1: Business Model Transformation for Increased Profitability and Ease of Doing Business
Growth Opportunity 2: Electrification and Innovations in Battery Technology
Growth Opportunity 3: Intelligent Machinery and Smart Features

Best Practices Recognition

Best Practices Recognition

Frost Radar

Frost Radar

Next Steps

Benefits and Impacts of Growth Opportunities
Next Steps
Take the Next Step
List of Exhibits
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