Global and China Hybrid Excavators Market Insights, Forecast to 2027

A hybrid excavator is an excavator that uses two or more distinct power sources to provide motion, most of them are wheel type.
Hybrid Excavators are mainly classified into the following types: 20-30 Ton, Above 30 Ton and Below 20 Ton. 20-30 Ton is the most widely used type which takes up about 48% of the total sales in 2019.
Hybrid Excavators have wide range of applications, such as Mining, Road Building, etc. And Mining was the most widely used area which took up about 48% of the global total in 2019.
China, Europe, USA and Japan are the major consumption regions of Hybrid Excavators in the world in the past few years and it will keep increasing in the next few years. USA market took up about 33% the global market in 2019, while Europe and China were about 24% and 17%.
Japan, USA and Europe are now the key developers of Hybrid Excavators. There are a few vendors developing Hybrid Excavators in China, such as Sunward.
Caterpillar/Cat, Komatsu, Hitachi, Kobelco, Takeuchi, Hyundai Heavy Industries, Sumitomo and Sunward etc. are the key suppliers in the global Hybrid Excavators market. Top 5 took up 76.03% revenue share in whole global market in 2019. Caterpillar/Cat and Komatsu, which have leading technology and market position, are well-known suppliers around the world. Some other players are also trying to seize more market share in future, like Doosan, Volvo, DIMO, etc.

Market Analysis and Insights: Global and China Hybrid Excavators Market
This report focuses on global and China Hybrid Excavators market.
In 2020, the global Hybrid Excavators market size was US$ 634.1 million and it is expected to reach US$ 1832 million by the end of 2027, with a CAGR of 16.4% during 2021-2027. In China the Hybrid Excavators market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Hybrid Excavators Scope and Market Size
Hybrid Excavators market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Hybrid Excavators market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For China market, this report focuses on the Hybrid Excavators market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in China.

Segment by Type
Above 30 Ton
20-30 Ton
Below 20 Ton

Segment by Application
Mining
Road Building
Construction
Other

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
Caterpillar/Cat
Komatsu
Hitachi
Kobelco
Takeuchi
Hyundai Heavy Industries
Sumitomo
Sunward