Spain Excavator Market Overview, 2027

Excavators are the type of equipment that can be understood as self-powered hydraulic machines. These machines are used for discharge and excavation with the help of a digging bucket at the end of the two-part articulated arm. Excavators precisely perform as heavy construction machines, which are used in a variety of market applications such as well sinking, trench digging, and others like land levelling. The growing development of commercial construction, residential construction, mining, as well as sewage disposal is demanding the growth of the excavator market across the country. The expanding construction industry and the growing demand for robust, efficient, and mobile construction equipment over heavy construction equipment are the primary drivers of the excavators market. The construction of infrastructure and roads in Spain is expected to accelerate in developing economies, creating numerous opportunities for the excavators market in the coming years.

According to the report, Spain Excavator Market Overview, 2027, the market is anticipated to witness prominent market growth during the forecast period owing to growing industrialization across the country. Also, increasing demand for transportation and unloading of excavated materials in the construction and manufacturing sectors across the country is propelling higher market growth. The high usage of excavators in material handling and infrastructure development applications will drive industry demand. The rising excavation of minerals for use in several industries is creating a demand for excavators. Further, commercial and residential infrastructure developments under smart city initiatives across the country will require heavy machines for various applications, including the demolition of old buildings, further creating equipment demand. The rising demand for hydraulic and long-reach excavators for low-level and high-level demolition is fuelling the industry statistics.

With growing automation and technical advancements, Spain manufacturers are implementing digital assistance tools for efficient control and optimal performance. The implementation of cameras, sensors, and machine monitoring systems will assist operators to do their job efficiently. Telematics is a new trend for excavators across the country. It uses a large amount of data for predictive analysis to automate the functioning of excavators. The visual guidance system allows operators to input parameters, such as depth and slope, offering operational efficiency. The excavation procedure is a contaminative process and creates harmful environmental conditions, resulting in the introduction of eco-friendly electric excavators. The Spain excavator market is witnessing growth in agriculture applications globally owing to usage in essential farming and farm maintenance operations. The mini models aid farmers to dig and lay down water and sewage supply lines, providing a better irrigation environment. To reduce effort and maximize productivity, farmers use excavators for digging and loading sand and gravel.

According to the report, the market is segmented into two applications, including construction and mining; and utility and agriculture. Among these types, construction applications led the market in 2021 and are expected to continue growing during the upcoming timeframe. The increasing investments and funding in the residential construction segment, followed by transport infrastructure development, are projected to augment the prospects for growth in this market during the forecast period. This will result in a steady market growth rate and boost the sales of excavator manufacturers. Further, the market is segregated into various machine types, including mini excavators, crawler excavators, wheeler excavators, and others. Among these types, crawler excavators are anticipated to dominate the market during the forecast period. The rising demand for government assistance for construction and the expansion of the mining industry is expected to drive higher market growth for crawler excavators in Spain.

COVID-19 Impacts:

The onset of the novel corona-virus pandemic has been a huge blow to the excavators’ market share that was anticipated to grow during the forecast period. The limitations, like the implementation of lockdown followed by the rising need for employment and funds, are hampering the ability of the market to grow. However, as the period commences, the Spain market operations are likely to commence with the ease of restrictions, and hence, positive attributes are in store for the market.

Considered in the report

• Geography: Spain
• Historical year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecasted year: 2027

Aspects Covered In the Report

• Market Size By Value for the historic time period (2016-2021)
• Market Size By Value for the forecast time period (2022-2027)
• Market Share by Application (Construction, Mining, utility & agriculture)
• Market Share by Machine Type (Mini Excavator, Crawler, Wheeled, Others)

Intended Audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the construction machinery and excavator industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.