The 17,125 units is the estimate by Power Systems Research of the number of Excavators to be produced in the U.S. in 2020.
This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.
Market Share: With combined plant totals of 45.5% Caterpillar leads in production of excavators in North America. In second position is Doosan Bobcat with 22%; third, Deere-Hitachi with 18.5%.
Exports: Collectively, up to 30% worldwide.
Trends: In 2019, production of excavators in North America (US only) remained flat with a slight decrease of ½%. Production is expected to drop 13% for the entire year of 2020. The 2020 decline can be attributed to purchasers choosing backhoe loaders that tend to be a more versatile machine. COVID-19 related factors in 2020 that affected production include company and line shutdowns.
Excavators are heavy pieces of equipment designed for large scale projects for a variety of sectors that include construction, mining, and industrial activities. Despite the lull in production, excavators are a popular device for construction related activities. Expect production to grow by as much as 3% over the next 3-5 years. PSR
Carol Turner is Senior Analyst, Global Operations, at Power Systems Research
