Global Amphibious Excavator Market to Reach USD 12.699.3 Million by 2028|with a CAGR of 11.9%

 Posted on: Nov-2022 | Heavy Industry

The global amphibious excavator market was valued at USD 6,019.4 million in 2021 and is expected to reach USD 12,699.3 million by the end of 2028, growing at a CAGR of 11.9% between 2022 and 2028.

Amphibious excavator is a special kind of excavator that use to float as well as does terrestrial digging activity. Excavators can be employed in numerous applications such as the digging of trenches, holes, foundations, material handling, forestry work, demolition, mining, river dredging, drilling shafts for footings and rock blasting, snow removal with snowplow and snow blower attachments. Amphibious excavators are excavator that use to float as well as does terrestrial digging activity and are adapted for removing silty clay, clearing silted trenches, swampland operation, and low water area. They are the best alternatives to traditional ship-mounted dredgers.

Market Dynamics

Construction industry is one of the fastest-growing industries across the globe. Ever-increasing population contributes to the need of construction. This attributes to the growth in the construction industry. The construction industry includes residential, commercial and other construction activities.  On other hand, growing keen interest and governmental support for globalization and urbanization is another important driving factor that is expected to propel the construction market.

Amphibious excavator is equipment with advanced features such as hydraulic power, floating power and computerization. This technical machine serves various facilities and services in numerous end applications such as construction, mining, dredging, material handling, forestry work, demolition, river dredging, drilling shafts for footings and rock blasting, etc. The amphibious excavator is multipurpose equipment that can be employed in land as well as water. As it retains capability to work and walk in any circumstances it is more adopted than conventional dredgers. Both developed and developing countries involve the utilization of amphibious excavators, as it reduces work time and labours. Digitalization in amphibious excavators provides accurate and efficient outcomes and it is more beneficial for heavy industry sectors. Regional climatic circumstance felt the need of amphibious excavator such as heavy snowfall in North America and Europe requires this machine for the removal of snow and in Asia Pacific, river restoration and cleanliness and other application accounts to the demand of amphibious excavator. Along with the above factors, changing perception and adoption of latest trend is also another major driving factor that is projected to demand of amphibious excavator throughout the years to come.

Manufacturing single unit or machine needs huge capital. This is highly beneficial for heavy work industries but it counts to big amount of capital. Amphibian excavator requires hydraulic power to remain operative. This technology is also full-fledge with information technology, intelligent hydraulics and powerful engines. CAD (Computer Aided Design) tools and other software are also installed in the amphibious excavator unit. Additionally, this machine is also flexible with 360-degree rotation. The hydraulic system enables the machine to have faster cycle time with less fuel consumption while hydraulic losses are prevented with special protective measures. Hence, these characteristics make the amphibious excavator more expensive technology compared to traditional equipment.

Companies involved in amphibious excavator are focusing on development and research activity. Few companies dominants the market of amphibious excavator. The market is fragmented across the globe for amphibious excavators due to huge capital investment at the initial stage. However, the companies that lead the market are focusing to develop the new accessories and products of excavators. Companies are busy to launch new product such as high capacities buckets, sectional barge, dredging pumps, floating pontoons, etc. Continuous research and development in the field are on account of the increase in the number of investments made by the key market players to provide innovative products with the help of advanced technology and the launch of new products will provide brighter projections for the market.

Amphibious Excavator Market Scope and segmentation

Attribute

Details

Market Size in 2021

6,019.4 USD Million

Estimated Market Size in 2028

12,699.3 USD Million

CAGR Growth Rate

11.9% CAGR

Historical Year

2016 to 2021

Forecast Years

2022-2028

Segmentation

Type, Application and Region

By Type

  • Small amphibious excavators
  • Medium amphibious excavators
  • Large amphibious excavators

By Application

  • Construction
  • Mining
  • Dredging
  • Landscaping
  • Others

Major Regions Covered

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • UK
    • Germany
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • The Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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Amphibious Excavator Market Segmentation

Based on type, the global amphibious excavator market is segmented into large excavators, medium excavators and small excavators. Among this type, the medium excavator's segment dominated the global industry in 2021 and accounted for the highest revenue share of more than 54 % of the overall revenue.

By Application, the Construction segment dominated the amphibious excavator market in 2021, which accounted for a 68.7% share of the global market due to increasing infrastructural activities across the globe. Mining was another significant segment accounting for over XX% market share in the market in 2028. Government support for globalization and urbanization will impel the demand for the excavator market over the forecast period. Also, with increasing demand for improved infrastructure, greater environmental structure, and employment opportunities, the mining industry is adopting new approaches.

Regional Insights

Asia Pacific is projected to continue holding the largest share of the market, which is followed by North America and Europe. Asia Pacific held the largest share of about 47.92% of the amphibious excavator market in 2021, owing to rising disposable income and favorable government schemes for construction industries in China, India, and Japan are escalating the healthy growth of the amphibious market in this region. The Chinese market is one of the leading markets for providing construction equipment across the globe. In addition, India will become the third largest construction market by 2025 due to Government’s efforts and initiated policies to ensure time-bound creation of world-class infrastructure in the country.

After Asia Pacific, the demand for an amphibious excavator is the highest in North America. Increasing government support for industrial and residential constructions is fuelling the growth of the excavator market in this region. Europe is expected significant growth in the excavator market due to development in the construction industry. Latin America is anticipated sturdy growth in excavator market over the forecast period due to booming construction industry. Several initiatives have been taken by leading players such as the launching of a new product line with advanced technology and high capital investment will drive the demand of this market in this region.

The global amphibious excavator market Key players are as follows:

  1. Ultratrex
  2. Wetland Equipment Company
  3. MBI Marsh Equipment
  4. Wilco
  5. L&T Construction & Mining Machinery
  6. Sany GROUP CO., LTD
  7. EIK Engineering
  8. Bell Dredging Pumps
  9. Hitachi Construction Machinery Co., Ltd. (HCM)
  10. Remu
  11. Julong Environment Technology CO., LTD
  12. Senwatec
  13. Aquamec
  14. Normrock
  15. Waterking
  16. TSBC EngineeringSdn. Bhd.
  17. Thainex- Asia

Recent Developments:

  • August 2016: Julong launched New CSD250 Dredger in Egypt
  • August 2016: Waterking launched new generation WK 220 NG amphibious excavator. This excavator has slightly different shapes which enhance the movability of the amphibious undercarriage

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