In 2025, the global excavator market will witness recovery and growth. It is predicted that the global excavator market size will continue to expand at a compound annual growth rate of 4.32% during the period from 2024 to 2029. In 2023, the global sales volume of excavators reached 540,000 units, among which the sales volume in overseas markets was five times that of the domestic market. With the advancement of the "Belt and Road Initiative", emerging markets such as Africa have become new engines for growth. In 2024, China's exports of excavators to Africa grew rapidly. The export value in the first three quarters increased by 28% year-on-year, and the demand for medium and large-sized excavators was strong. In addition, mature markets such as North America also maintain stable demand, driving the global excavator market to continue to improve.
The global excavator market continues to grow, with emerging markets serving as new engines
2025 04/29