Here’s a concise summary of the linked report (Fortune Business Insights: Excavators Market, Report ID: FBI100861, last updated Sep 29, 2025):
Headline figures:
- Market size: USD 9.62B (2018)
- Forecast: USD 23.66B by 2032
- CAGR: 12.9% (2019–2032)
- Regional lead: Asia Pacific held 55.54% share in 2018
Segmentation:
- By type: Mini/Compact, Crawler, Wheeled, Others
- By end-use: Construction; Forestry & Agriculture; Mining; Others
Key trends:
- Shift to automated/semi‑automated excavators with remote monitoring and diagnostics
- Strong demand for crawler excavators due to heavy-load capacity and performance in muddy terrain
- Growth in rental models supporting tech-upgraded fleets
Growth drivers:
- Rising public/private infrastructure spending across residential, commercial, industrial, roads, ports, oil & gas
- Expansion in construction and mining activity
- OEM R&D in hydraulics and efficiency to reduce downtime and improve performance
Source: https://www.fortunebusinessinsights.com/industry-reports/excavator-market-100861
Would you like a one-slide summary, a simple chart (CAGR projection), or a competitive landscape snapshot based on this?