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Excavators in the US Procurement Price, Data and Insights
Excavators are versatile machines used in construction and other civil engineering projects to dig trenches or foundations, lift heavy objects and mine or drive large piles of soil to or from a specific location. They feature hydraulic cylinders, a boom, an undercarriage, an arm and a bucket that is controllable from a cab sitting on a rotating platform. This report focuses on backhoe and crawler excavators and excludes dragline, bucket-wheel and vacuum excavators, bulldozers, front-end loaders, forest machines, mining shovels, dredgers, cranes and all other earthmoving machinery.
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What’s included in this market coverage
IBISWorld's research coverage on the Excavators procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Excavators market in the United States includes Highway Speed Wheeled Excavators, Rough Terrain Wheeled Excavators, Crawler Excavator, Wheeled Excavators and Compact Excavator. Standard coding in this coverage includes HS-842959-Mechanical Shovels, Excavators And Shovel Loaders; N.E.C. In Item No. 8429.50, ISIC-2824-Manufacture of machinery for mining, quarrying and construction, NACE-28.92-Manufacture Of Machinery For Mining, Quarrying And Construction, NAICS-333120-Construction Machinery Manufacturing and UNSPSC-22101526-Track excavators.
What common market terminology is included?
Common market terminology included in the Excavators procurement coverage includes Backhoe (A piece of mechanical equipment consisting of a digging bucket on the end of a two-part articulated arm.), Nitrogen Oxide (A harmful greenhouse gas produced from the combustion of oil and diesel fuel in vehicles), Particulate Matter (A broad term that encompasses the sum of harmful liquid and solid particles suspended in the air.), Hydraulic Cylinder (A mechanical actuator that is used to give a one-directional force through a one-directional stroke.), Boom (A long, straight piece of machinery that is hinged at one end and used for lifting heavy objects by means of cables or hydraulics.), Undercarriage (The supporting frame under the body of a vehicle.), Mini-Excavator (An excavator with an operating weight of less than six metric tons (13,200 pounds) that can be wheeled or tracked and typically employs a back-fill blade and independent boom swing. It is also referred to as a compact excavator.), Independent Dealer (Wholesalers that are trained by manufacturers to service and sell their products.) and Tier 4 Standards (Emission standard enforced by the EPA that required that emissions of Particulate Matter and Nitrogen Oxide be reduced by roughly 90.0% by the year 2015.).
What companies are included as top suppliers?
The top companies covered in the Excavators procurement report as suppliers are Ab Volvo, Sumitomo Heavy Industries Ltd., Hyundai Heavy Industries Co. Ltd., Doosan Corporation and Cnh Global N V.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Excavators market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per excavator, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Excavators market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Excavators procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Excavators market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Excavators market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Excavators?
The 2026 benchmark market price for Excavators is $288000 per excavator. Prices have increased at a CAGR of 2.17 from 2023-26.
Who are the top vendors in the Excavators market?
The top vendors in the Excavators market include Ab Volvo, Sumitomo Heavy Industries Ltd., Hyundai Heavy Industries Co. Ltd., Doosan Corporation and Cnh Global N V.
What industries supply the Excavators market?
The top industries supplying the Excavators market are Electrical Equipment Wholesaling in the US, Electrical Equipment Manufacturing in the US, Engine & Turbine Manufacturing in the US, Iron & Steel Manufacturing in the US, Metal Wholesaling in the US, Fabricated Structural Metal Manufacturing in the US and Metal Stamping & Forging in the US.
What is the supply chain risk for Excavators?
The high level of market share concentration limits buyer power . Market share concentration is high, with the largest vendors accounting for a considerable share of this market. Caterpillar is the largest vendor, accounting for between 20.0% and 25.0% of market revenue, with six other brands each accounting for more than 5.0% of market revenue. The high level of market share concentration reduces buyer power by reducing competitive pressures for vendors as the largest vendors are less likely to fight over market share.
What factors affect the price of Excavators?
Size significantly affects the price of excavators, as larger models typically come with higher production costs, more powerful engines, and greater lifting capacities.
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