UK Excavators Market Size & Outlook, 2022-2030

The excavators market in UK is expected to reach a projected revenue of US$ 2,836.0 million by 2030. A compound annual growth rate of 6.6% is expected of UK excavators market from 2023 to 2030.
Revenue, 2022 (US$M)
$1,699.4
Forecast, 2030 (US$M)
$2,836.0
CAGR, 2023 - 2030
6.6%
Report Coverage
UK

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UK excavators market, 2018-2030 (US$M)

UK excavators market, 2018-2030 (US$M)

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UK excavators market highlights

  • The UK excavators market generated a revenue of USD 1,699.4 million in 2022 and is expected to reach USD 2,836.0 million by 2030.
  • The UK market is expected to grow at a CAGR of 6.6% from 2023 to 2030.
  • In terms of segment, 11to45 was the largest revenue generating vehicle weight in 2022.
  • <10 is the most lucrative vehicle weight segment registering the fastest growth during the forecast period.

Excavators market data book summary

Market revenue in 2022USD 1,699.4 million
Market revenue in 2030USD 2,836.0 million
Growth rate6.6% (CAGR from 2022 to 2030)
Largest segment11to45
Fastest growing segment<10
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentation<10, 11to45, 46>
Key market players worldwideAtlas Copco AB ADR, Caterpillar Inc, Hitachi Construction Machinery Co Ltd, Deere & Co, Kobe Steel Ltd, Komatsu Ltd, Mitsubishi Corp, Manitou BF SA, Sumitomo Corp, Terex Corp, Volvo AB ADR

Other key industry trends

  • In terms of revenue, UK accounted for 4.2% of the global excavators market in 2022.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Europe, Germany excavators market is projected to lead the regional market in terms of revenue in 2030.
  • Germany is the fastest growing regional market in Europe and is projected to reach USD 4,520.2 million by 2030.

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Excavators Market Scope

Excavators market segmentation & scope
<10
46>
Rigid Frame
Below 50 metric ton
50 to 300 metric ton
Above 50 metric ton
Articulated Frame
Below 50 metric ton
Above 50 metric ton

Excavators Market Companies

Name Profile # Employees HQ Website
Manitou BF SA View profile 5464 430, rue de l'Aubiniere, Ancenis, France, 44158 http://www.manitou-group.com
Kobe Steel Ltd View profile 44938 2-4, Wakinohama-Kaigandori 2-chome, Chuo-ku, Kobe, Hyogo, Japan, 651-8585 http://www.kobelco.co.jp
Terex Corp View profile 10200 45 Glover Avenue, 4th Floor, Norwalk, CT, United States, 06850 https://www.terex.com
Atlas Copco AB ADR View profile 53728 Sickla Industrivag 19, Nacka, Stockholm, Sweden, SE-105 23 https://www.atlascopcogroup.com
Sumitomo Corp View profile 108457 3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo, Japan, 100-8601 http://www.sumitomocorp.co.jp
Mitsubishi Corp View profile 105267 Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 https://www.mitsubishicorp.com
Volvo AB ADR View profile 104905 Gropegardsgatan 2, Gothenburg, Sweden, 417 15 https://www.volvogroup.com
Hitachi Construction Machinery Co Ltd View profile 27697 16-1, Higashiueno 2-chome, Taito-ku, Tokyo, Japan, 110-0015 https://www.hitachicm.com
Deere & Co View profile 83000 One John Deere Place, Moline, IL, United States, 61265 https://www.deere.com
Komatsu Ltd View profile 70608 3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan, 107-8414 https://www.komatsu.jp
Caterpillar Inc View profile 121173 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 https://www.caterpillar.com

UK excavators market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to excavators market will help companies and investors design strategic landscapes.


11to45 was the largest segment with a revenue share of 37.24% in 2022. Horizon Databook has segmented the UK excavators market based on <10, 11to45, 46> covering the revenue growth of each sub-segment from 2018 to 2030.


  • UK Excavators Vehicle Weight Outlook (Revenue, USD Million, 2018-2030)
    • <10
    • 11to45
    • 46>
    • Rigid Frame
      • Below 50 metric ton
      • 50 to 300 metric ton
      • Above 50 metric ton
    • Articulated Frame
      • Below 50 metric ton
      • Above 50 metric ton
  • UK Excavators Engine Capacity Outlook (Revenue, USD Million, 2018-2030)
    • Up to 250 HP
    • 250-500 HP
    • More than 500 HP
  • UK Excavators Type Outlook (Revenue, USD Million, 2018-2030)
    • Wheel
    • Crawler
  • UK Excavators Propulsion Type Outlook (Revenue, USD Million, 2018-2030)
    • Electric
    • ICE

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Target buyers of UK excavators market databook

  • Our clientele includes a mix of excavators market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK excavators market , including forecasts for subscribers. This country databook contains high-level insights into UK excavators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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UK excavators market outlook size, by vehicle weight, 2018-2030 (US$M)

UK Excavators Market Outlook Share, 2022 & 2030 (US$M)

UK excavators market outlook size, by vehicle weight, 2018-2030 (US$M)

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