Mechanical Shovel and Excavator Market

Mechanical shovel and excavator market: find recently published facts and figures secured by an Ai-driven market intelligence platform. Information include production, market prices, companies, imports, consumption, market size, exports, and trade. Here is a split by region, including China, the U.K., Africa, the U.S., the Middle East, EU, Russia, and Latin America. Market dynamics and outlook to 2030 are also provided in the reports.


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Mechanical Shovel and Excavator - World's Largest Markets

RatingCountry
1United States
2Dominican Republic
3China
4Japan

In value terms, the United States led the market, alone. The second position in the ranking was occupied by the Dominican Republic. It was followed by China.

From 2018 to 2020, the average annual growth rate of value in the United States totaled +19.0%. The remaining consuming countries recorded the following average annual rates of market growth: the Dominican Republic (+3,986.9% per year) and China (+0.7% per year).

Mechanical Shovel And Excavator Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per unit
Czech Republic2432623937252351.8%
United Kingdom2611230770302947.7%
India330583094531971-1.7%
Italy3640533823404935.5%
Japan467234657942121-5.1%
Netherlands35508408284671414.7%
China504844493246971-3.5%
France39850468185325415.6%
Belgium587115722253709-4.4%
United States562145553156064-0.1%
Austria43519404976303420.4%
Germany697696810164812-3.6%
South Korea39558427266595029.1%
Average4405244629461672.4%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was South Korea ($65,950 per unit), while the Czech Republic ($25,235 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per unit
Australia693647687267540-1.3%
Canada35752652116452234.3%
China663475625261757-3.5%
Germany640836187357758-5.1%
Russia573275812056787-0.5%
Belgium42018542325278512.1%
United States585195898652448-5.3%
France524584403942404-10.1%
Netherlands488174640642098-7.1%
United Kingdom492663957033474-17.6%
Dominican Republic739195977255-97.3%
Average476335160227852-23.5%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Australia ($67,540 per unit), while the Dominican Republic ($55 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced mixed trends in the import price figures.

Mechanical Shovel and Excavator - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States6.16.94-18.6%
Germany2.12.42.1-0.8%
Canada2.82.31.8-19.3%
Netherlands21.91.8-6.2%
Belgium11.21.725.7%

In value terms, the largest mechanical shovel and excavator importing markets worldwide were the United States ($4B), Germany ($2.1B) and Canada ($1.8B), together comprising 25% of global imports. These countries were followed by the Netherlands, Belgium, France, Australia, China, Russia, the UK and the Dominican Republic, which together accounted for a further 28%.

In terms of the main importing countries, Belgium saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.

Mechanical Shovel and Excavator - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Japan9.58.97.3-12.3%
China3.83.93.80.0%
Germany332.6-7.3%
South Korea3.82.92.5-18.3%
United States3.93.12.5-20.3%

In value terms, Japan ($7.3B), China ($3.8B) and Germany ($2.6B) were the countries with the highest levels of exports in 2020, with a combined 44% share of global exports. These countries were followed by South Korea, the United States, the Netherlands, the UK, Belgium, France, Austria, Italy, the Czech Republic and India, which together accounted for a further 46%.

Belgium saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Mechanical Shovel and Excavator - Market Forecast

Driven by increasing demand for mechanical shovel and excavator worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Mechanical Shovel and Excavator - Top Companies

Liaoning Ruicheng Liugong Machinery Equipment Co.,Ltd., Caterpillar Inc., KOMATSU LTD., Dingsheng Tiangong Engineering Machinery Sales Co., Ltd., Liebherr-Intertrading SA, HITACHI CONSTRUCTION MACHINERY CO., LTD., SUMITOMO HEAVY INDUSTRIES, LTD., Sany Heavy Industry Co., Ltd., XCMG Construction Machinery Co., Ltd., Terex Corporation, Shanghai Zhenhua Heavy Industries Co., Ltd., J.C.B. SERVICE, Clark Equipment Company, CATERPILLAR JAPAN LLC., Caterpillar Global Mining LLC, Jlg Industries, Inc., Volvo Group Korea Co., Ltd., Wacker Neuson SE, Guangxi Liugong Machinery Co., Ltd., KOBELCO CONSTRUCTION MACHINERY CO., LTD.

Mechanical Shovel and Excavator - Product Coverage

  • HS 842951 - Front-end shovel loaders
  • HS 842952 - Mechanical shovels, excavators and shovel loaders; with a 360 degree revolving super structure
  • HS 842959 - Mechanical shovels, excavators and shovel loaders; n.e.s. in item no. 8429.50
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World - Mechanical Shovels, Excavators and Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global market for mechanical shovel and excavator.

Africa - Mechanical Shovels, Excavators and Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for mechanical shovel and excavator in Africa.

Latin America and the Caribbean - Mechanical Shovels, Excavators and Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for mechanical shovel and excavator in Latin America and the Caribbean.

Eastern Asia - Mechanical Shovels, Excavators and Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for mechanical shovel and excavator in Eastern Asia.

Central Asia - Mechanical Shovels, Excavators and Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for mechanical shovel and excavator in Central Asia.

Southern Asia - Mechanical Shovels, Excavators and Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for mechanical shovel and excavator in Southern Asia.

Australia and Oceania - Mechanical Shovels, Excavators and Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for mechanical shovel and excavator in Australia and Oceania.

Northern America - Mechanical Shovels, Excavators and Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for mechanical shovel and excavator in Northern America.

Middle East - Mechanical Shovels, Excavators and Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for mechanical shovel and excavator in the Middle East.

South-Eastern Asia - Mechanical Shovels, Excavators and Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for mechanical shovel and excavator in South-Eastern Asia.

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