The hydraulic excavator is one of the most widely recognized pieces of earth-moving equipment. In this analysis, we focus on standard excavators, rated over six metric tons. We include midi excavators, rated between 7-10 metric tons, as part of our analysis of standard models. However, mini, or compact, excavators rated less than six metric tons are covered in a separate report. Excavators come in wheeled or tracked (typically referred to as “crawler” excavators) versions. Both types are covered in this report.
Hydraulic excavators are found on just about every type of construction jobsite. They have numerous applications, including building and residential construction, material handling, forestry, raw material and commodities mining, river dredging, and demolition work, to mention a few. The large number of different models and wide range of differing weights and horsepower are indicative of the excavator’s multiple applications. In general, the heaviest, most powerful models are usually employed in mining applications, while lighter and medium weight machines are commonly utilized in general construction activities. Most excavators can be equipped with a variety of attachments beside the standard bucket, thus making the machine extremely versatile.
Table 1 summarizes the report’s major findings. Included are an estimated value of the market, sales and production figures, import and export activity, and field population estimates for both crawler and wheeled hydraulic excavators. A forecast of sales and production through 2020 is also included.