What is Excavator Bucket Market?
The global excavator bucket market is expected to witness healthy growth during the forecast period, according to the AMA study. The factors such as the increasing number of construction projects across different regions of the world, rising number of mining activities across different end-use industries propelled the demand for excavators and excavator components and driving the excavator bucket market. Furthermore, increasing government support towards urbanization of rural areas is further creating the demand for urban construction thereby driving the excavators and its components' market for construction applications.
Highlights from Excavator Bucket Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Caterpillar (United States), Komatsu Europe International N.V. (Japan), AB Volvo (Sweden), Doosan Bobcat (South Korea), KINSHOFER GmbH (Germany), Paladin Attachments (Australia), Empire Bucket (United States), Werk-Brau Co., Inc. (United States), ACS Industries, Inc (United States), Rockland Manufacturing Company (United States), ESCO Group LLC (United States), FELCO INDUSTRIES (Switzerland), Kenco (United States) and Hensley Industries (United States) |
The companies in this market are focusing on launching new and innovative products in order to cater to new technology excavator demands. Moreover, the rising adoption of automatic excavators and hydraulic excavators is also pushing the bucket manufacturers to develop specific duty buckets for different excavator applications. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Excavator Bucket market throughout the forecasted period.
Caterpillar (United States), Komatsu Europe International N.V. (Japan), AB Volvo (Sweden), Doosan Bobcat (South Korea), KINSHOFER GmbH (Germany), Paladin Attachments (Australia), Empire Bucket (United States), Werk-Brau Co., Inc. (United States), ACS Industries, Inc (United States), Rockland Manufacturing Company (United States), ESCO Group LLC (United States), FELCO INDUSTRIES (Switzerland), Kenco (United States) and Hensley Industries (United States) are some of the key players profiled in the study. Excavator Bucket Market Segmentation:
Scope | Sub-Segments |
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Application / End User | General Duty, Heavy Duty, Severe Duty, Utility Duty and Others |
Type | Digging Bucket, Rock Bucket, V Bucket, Grading Bucket, Hard Pan Bucket, Riddle Bucket, Quick Coupler and Others |
Industry Verticals | Construction,Mining |
End Use | Original Equipment,Aftermarket |
Component | Teeth,Hinge & Hinge Plates,Sidebar & Side Plates,Side Cutters & Sidebar Protectors,Others |
Weight | Below 500 Lbs,500-1,000 Lbs,Above 1,000 Lbs |
On the basis of geography, the market of Excavator Bucket has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Government Smart City Initiatives in the Countries Such as India Creating the Demand for Urban Construction and Thereby Driving the Demand for Excavator Buckets Market and Rising Shift of Consumers Towards Automated Excavators from Traditional Excavators
Market Growth Drivers:
Growing Number of Construction Projects Across Different Region, Government Support Towards Urbanisation of Rural Areas and Rising Number of Mining Activities Across Different End-Use Industries
Challenges:
The Requirement of Highly Skilled Operator for Operating the Machine to Avoid Bucket Damages
Opportunities:
Opportunity to Diversify into Emerging Economic Countries Such as India