What is Global Excavator Bucket Market?
The Global Excavator Bucket Market is a vast and dynamic sector that deals with the production, distribution, and sale of excavator buckets worldwide. These buckets, which are essentially the scoop part of an excavator, are used in various industries, including construction, mining, and others. The market's value was pegged at US$ 558 million in 2022, and it is projected to grow to US$ 741.7 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 4.1% from 2023 to 2029. The market is dominated by three major manufacturers who collectively hold a 20% market share.
Digging Bucket, Rock Bucket, V Bucket, Others in the Global Excavator Bucket Market:
In the Global Excavator Bucket Market, there are several types of buckets available, including Digging Bucket, Rock Bucket, V Bucket, and others. The Digging Bucket is the most popular and widely used type, accounting for over 70% of the market. These buckets are designed for general digging, grading, and filling applications. They are typically made of high-strength steel and come in various sizes to suit different excavators and job requirements. Rock Buckets, on the other hand, are designed for heavy-duty digging and lifting of rocks and other hard materials. They are typically more robust and durable than standard digging buckets. V Buckets are specialized buckets used for trenching and digging V-shaped ditches or drains. Other types of buckets include grading buckets, tilt buckets, and skeleton buckets, each designed for specific tasks.
Construction Excavator, Mining Excavator, Others in the Global Excavator Bucket Market:
The Global Excavator Bucket Market serves various industries, including construction, mining, and others. In the construction industry, excavator buckets are used for a wide range of tasks, including digging foundations, grading land, and moving large amounts of earth or other materials. They are an essential tool in any construction project, from building houses and commercial buildings to constructing roads and bridges. In the mining industry, excavator buckets are used to dig and move large amounts of earth and ore. They are designed to withstand the harsh conditions found in mines, including high levels of dust and extreme temperatures. Other industries that use excavator buckets include forestry, agriculture, and waste management. In these industries, the buckets are used for tasks such as clearing land, digging ditches, and moving waste materials.
Global Excavator Bucket Market Outlook:
The Global Excavator Bucket Market's outlook is promising, with steady growth expected over the forecast period. The market, which was valued at US$ 558 million in 2022, is projected to reach US$ 741.7 million by 2029, growing at a CAGR of 4.1% from 2023 to 2029. This growth is driven by the increasing demand for excavator buckets in various industries, including construction and mining. The market is dominated by three major manufacturers, who collectively hold a 20% market share. In terms of product types, the Digging Bucket is the largest segment, accounting for over 70% of the market. This dominance is due to the bucket's versatility and widespread use in various industries.
| Report Metric | Details |
| Report Name | Excavator Bucket Market |
| Accounted market size in 2022 | US$ 558 in million |
| Forecasted market size in 2029 | US$ 741.7 million |
| CAGR | 4.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Caterpillar, Komatsu, Volvo, Doosan, Kinshofer, Paladin, Empire Bucket, Werk-Brau, ACS Industries, Rockland, Yuchai, Wolong, Hongwing, ESCO, Felco, Kenco, Hensley Industries, VTN Europe S.p.A. |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
