One of the most significant pieces of an excavator is the bucket tool. It's made of a steel alloy. It usually has protruding teeth on its cutting side to help break down tough materials and prevent the bucket from drying up and becoming damaged.
The global market for the Excavator Bucket is anticipated to develop at a compound annual growth rate (CAGR) of 5.25% throughout the course of the forecast, to reach USD 8,60,361.9 million by 2030.
Covid-19 Impact & Market Status:
Since the COVID-19 viral outbreak in December 2019, the disease has spread to almost 100 nations, forcing the World Health Organization to designate it a public health emergency. The consequences of the coronavirus infection 2019 (COVID-19) are already being felt throughout the world, and the Excavator Bucket 4900 market will be significantly impacted in 2020.
The construction excavator segment is accounted for the highest market share
Excavators are massive construction equipment with a boom, dipper (or stick), bucket, and cab attached to a rotating platform known as the "house." A track or wheeled undercarriage supports the house.
The digging bucket segment is accounted for the highest market share
On typical construction and excavation sites, general purpose or digging buckets are the most popular excavator bucket type. They have teeth for effective excavation and increased digging pressures, making them appropriate for a variety of terrain situations.
The Asia Pacific Market has the fastest pace of growth.
The excavator attachments market is divided into four regions: North America, Asia Pacific, Europe, and the Rest of the World. In the Excavator Attachments Market, the Asia Pacific region had the greatest revenue share of 32 percent. North America is followed by Asia Pacific, which accounts for around 28% of the market.
To penetrate and withstand the digging process on the ground, stones, gravels, or any other abrasive region, excavator bucket teeth must have a supportive geometrical form.
The excavator bucket includes the trenching bucket, ditching bucket, and excavator bucket. A ditching bucket is a 56-foot (1.521.83-meter) broad bucket with no teeth that is used for grading stone and digging bigger excavations. The width of a trenching excavator bucket with projecting teeth ranges from 6 to 24 inches (152 to 610 mm). By 2029, the global Excavator Bucket market is expected to have grown by 745.3 million units at a CAGR of 4.1 percent.
Excavators' buckets can be used to move soil or load dump trucks for transportation to disposal sites. Excavators are employed in traditional trenching procedures for laying pipelines as well as digging trial pits for geotechnical investigations.
All excavators come with a digging bucket as a standard attachment, and it is the most widely utilized. They have sharp, blunt teeth that make digging up dirt a breeze.
Rock buckets resemble digging buckets but have strengthened structural parts. This allows the bucket to be pushed harder and crush harder rock without causing damage to itself. They have a narrow V-shaped cutting edge and long, sharp teeth.
V bucket - Dig V-shaped trenches for utility wires and pipes that must be put at shallow depths with this bucket.
The excavator bucket market has developed and is now very competitive. Excavator buckets are used in a wide range of applications, and there are over a hundred different brands available in the United States, Japan, Korea, the European Union, and China. Excavator bucket market demand has remained reasonably consistent in the United States, Japan, and the European Union during the last five years, with less variation.
Over the last few years, the Global Bucket Excavator Market has been expanding at a faster rate and with greater potential, and it is expected to expand significantly in the anticipated period of 2022 to 2029.
The major market players of Excavator Bucket Market are Volvo, Doosan, Kinshofer, Paladin, Empire Bucket, Caterpillar, Komatsu, Werk-Brau, Hensley Industries, ACS Industries, Hongwing, ESCO, Felco, Rockland, Yuchai, Wolong, Kenco, and VTN Europe S.p.A.
Major Developments in Excavator Bucket Market:
- Caterpillar announced in November 2021 that the new technology will be offered as an aftermarket option for Cat next-generation compact hydraulic excavators in the 6- to 10-ton class. Excavators are now available in Cat Grade with Cat Grade and Advanced 2D with 3D configurations. Automatics provide for straightforward, single-joystick operation of the stick and bucket, allowing for grade maintenance and the reduction of overcutting and undercutting.
- Volvo Construction Equipment and Services, Inc. revealed that employing a cable-connected and dual-powered 70-ton excavator prototype – EX1, their 'Electric Site' research project reduced carbon emissions by 98 percent, operating expenses by 40 percent, and energy expenditures by 70 percent. The company's customer for this experiment was Skanska AB, a Swedish construction and development enterprise.
Excavator Bucket Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||745.3 million|
|Growth Rate||CAGR of 4.1% during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East & Africa|
|Key Players Profiled||The top companies that hold the market share in excavator bucket market are Volvo, Doosan, Kinshofer, Paladin, Empire Bucket, Caterpillar, Komatsu, Werk-Brau, Hensley Industries, ACS Industries, Hongwing, ESCO, Felco, Rockland, Yuchai, Wolong, Kenco, and VTN Europe S.p.A..|
Key Segments of Excavator Bucket Market
Type Overview, 2022-2029 (USD Million)
- Digging Bucket
- Rock Bucket
- V Bucket
Application Overview, 2022-2029 (USD Million)
- Construction Excavator
- Mining Excavator
Regional Overview, 2022-2029 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa