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According to the latest research, the global Excavator Shears market size was valued at USD 440.97 million in 2022 and is expected to expand at a CAGR of 4.0% during the forecast period, reaching USD 557.93 million by 2028.
Excavator shears are excavator-mounted demolition sheets that are heavy-duty attachments and one of the most powerful and versatile tools in the excavator attachment arsenal, designed to aid in the removal of metal structures on the job.
Price fluctuations of raw materials
For manufacturing companies, volatility and instability in global raw material markets have broad implications. From rising energy costs to unexpected fluctuations in raw material prices, unforeseen difficulties are seriously affecting the stability of supply chains, making it difficult for manufacturers to remain profitable. For fluctuations in raw material prices, manufacturers either bear the increased costs themselves and seek new ways to reduce fees, or pass on price increases to consumers or downstream markets. All of these methods have certain risks.
The main raw materials in Excavator Shears products are metal materials. Rising energy costs around the world are expected to drive up the cost of metal raw materials, affected by the military conflict between Russia and Ukraine. In addition, the global outbreak of COVID-19 has negatively impacted the supply chain of the entire raw material market, such as traffic restrictions. COVID-19, rising raw material costs, and rising transportation costs are all having an impact. Unforeseen events like this will have an impact on the raw material market for Excavator Shears, putting more pressure on international suppliers. This is a challenge for manufacturers of Excavator Shears products.
Metal recycling trends
Metals are valuable materials and can be continuously recycled without destroying their properties. Recycling of metals helps address the energy crisis as it can be used for green energy production.
Production of new metals for construction firms is a complicated and traditional process. These industries have adopted the transformation of large quantities of old scrap metals into reusable and comparatively new metals to increase the exponential turnover and satisfy the increasingly rising demand of the global population. In addition, factors, including the utilization of non-renewable resources, consumption of a large amount of energy, fluctuation in raw material prices, and regulations of mining ores have compelled manufacturers to adopt the Electric Arc Furnace (EAF) process over the Basic Oxygen Furnace (BOF) process for its utilization in crude steel production. The common inputs for BOF steelmaking are iron ore and coal, while the EAF furnace operates using scrap steel – steel already produced and ready to be recycled. This factor is anticipated to drive the global metal recycling market growth over the forecast period.
Large construction and engineering demolition of metal recycling process generally involves the use of excavator shear products, therefore, the growth of metal recycling market, will increase the development opportunities of the product industry.
Environmental issues
It is essential that there are "three wastes" discharge and comprehensive treatment problems in production and operation. With the enhancement of people's awareness of environmental protection and the improvement of environmental protection policies, the cost of environmental protection in the industry will continue to increase, which may cause the company to further increase the cost of environmental protection, thereby affecting the profitability of manufacturers.
Region Overview:
In 2022, the share of the Excavator Shears market in Asia Pacific stood at 36.36%.
Company Overview:
LaBounty is one of the major players operating in the Excavator Shears market, holding a share of 22.31% in 2023.
LaBounty
A division of Stanley Black & Decker, STANLEY Infrastructure is the world’s largest handheld hydraulic tool manufacturer and a worldwide market leader, offering over 150 handheld hydraulic tools and over 30 mounted impact tools. Brands include STANLEY, Paladin, LaBounty, Pengo, and DUBUIS. LaBounty® has supplied the most reliable shear and demolition attachments to the market
Caterpillar
Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through Financial Products segment.
Segmentation Overview:
By type, Medium Type segment accounted for the largest share of market in 2022.
Application Overview:
In the Excavator Shears market, 54.04% of the total value was generated through the Construction Machinery segment by application in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Excavator Shears industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Excavator Shears. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Excavator Shears Market Report Include:
Market Size Estimates: Excavator Shears market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Excavator Shears market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Excavator Shears market
Segment Market Analysis: Excavator Shears market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Excavator Shears market situations and prospects in major and top regions and countries
Excavator Shears Market
Excavator Shears Industry Chain: Excavator Shears market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Excavator Shears Industry News, Policies by regions
Excavator Shears Industry Porters Five Forces Analysis
Key players in the global Excavator Shears market are covered in Chapter 2:
Genesis Attachments
Caterpillar
ASTEC
Epiroc
A-Ward
ShearForce Equipment
LaBounty
MBI
VTN Europe
Kingshofer GmbH
In Chapter 6 and Chapter 9, on the basis of types, the Excavator Shears market from 2018 to 2028 is primarily split into:
Small Type
Medium Type
Large Type
In Chapter 7 and Chapter 10, on the basis of applications, the Excavator Shears market from 2018 to 2028 covers:
Engineering Machinery
Construction Machinery
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Excavator Shears market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Excavator Shears industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Excavator Shears market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Excavator Shears industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Excavator Shears market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Excavator Shears market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Excavator Shears market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Excavator shears are excavator-mounted demolition sheets that are heavy-duty attachments and one of the most powerful and versatile tools in the excavator attachment arsenal, designed to aid in the removal of metal structures on the job.
Price fluctuations of raw materials
For manufacturing companies, volatility and instability in global raw material markets have broad implications. From rising energy costs to unexpected fluctuations in raw material prices, unforeseen difficulties are seriously affecting the stability of supply chains, making it difficult for manufacturers to remain profitable. For fluctuations in raw material prices, manufacturers either bear the increased costs themselves and seek new ways to reduce fees, or pass on price increases to consumers or downstream markets. All of these methods have certain risks.
The main raw materials in Excavator Shears products are metal materials. Rising energy costs around the world are expected to drive up the cost of metal raw materials, affected by the military conflict between Russia and Ukraine. In addition, the global outbreak of COVID-19 has negatively impacted the supply chain of the entire raw material market, such as traffic restrictions. COVID-19, rising raw material costs, and rising transportation costs are all having an impact. Unforeseen events like this will have an impact on the raw material market for Excavator Shears, putting more pressure on international suppliers. This is a challenge for manufacturers of Excavator Shears products.
Metal recycling trends
Metals are valuable materials and can be continuously recycled without destroying their properties. Recycling of metals helps address the energy crisis as it can be used for green energy production.
Production of new metals for construction firms is a complicated and traditional process. These industries have adopted the transformation of large quantities of old scrap metals into reusable and comparatively new metals to increase the exponential turnover and satisfy the increasingly rising demand of the global population. In addition, factors, including the utilization of non-renewable resources, consumption of a large amount of energy, fluctuation in raw material prices, and regulations of mining ores have compelled manufacturers to adopt the Electric Arc Furnace (EAF) process over the Basic Oxygen Furnace (BOF) process for its utilization in crude steel production. The common inputs for BOF steelmaking are iron ore and coal, while the EAF furnace operates using scrap steel – steel already produced and ready to be recycled. This factor is anticipated to drive the global metal recycling market growth over the forecast period.
Large construction and engineering demolition of metal recycling process generally involves the use of excavator shear products, therefore, the growth of metal recycling market, will increase the development opportunities of the product industry.
Environmental issues
It is essential that there are "three wastes" discharge and comprehensive treatment problems in production and operation. With the enhancement of people's awareness of environmental protection and the improvement of environmental protection policies, the cost of environmental protection in the industry will continue to increase, which may cause the company to further increase the cost of environmental protection, thereby affecting the profitability of manufacturers.
Region Overview:
In 2022, the share of the Excavator Shears market in Asia Pacific stood at 36.36%.
Company Overview:
LaBounty is one of the major players operating in the Excavator Shears market, holding a share of 22.31% in 2023.
LaBounty
A division of Stanley Black & Decker, STANLEY Infrastructure is the world’s largest handheld hydraulic tool manufacturer and a worldwide market leader, offering over 150 handheld hydraulic tools and over 30 mounted impact tools. Brands include STANLEY, Paladin, LaBounty, Pengo, and DUBUIS. LaBounty® has supplied the most reliable shear and demolition attachments to the market
Caterpillar
Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through Financial Products segment.
Segmentation Overview:
By type, Medium Type segment accounted for the largest share of market in 2022.
Application Overview:
In the Excavator Shears market, 54.04% of the total value was generated through the Construction Machinery segment by application in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Excavator Shears industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Excavator Shears. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Excavator Shears Market Report Include:
Market Size Estimates: Excavator Shears market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Excavator Shears market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Excavator Shears market
Segment Market Analysis: Excavator Shears market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Excavator Shears market situations and prospects in major and top regions and countries
Excavator Shears Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Excavator Shears Industry Chain: Excavator Shears market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Excavator Shears Industry News, Policies by regions
Excavator Shears Industry Porters Five Forces Analysis
Key players in the global Excavator Shears market are covered in Chapter 2:
Genesis Attachments
Caterpillar
ASTEC
Epiroc
A-Ward
ShearForce Equipment
LaBounty
MBI
VTN Europe
Kingshofer GmbH
In Chapter 6 and Chapter 9, on the basis of types, the Excavator Shears market from 2018 to 2028 is primarily split into:
Small Type
Medium Type
Large Type
In Chapter 7 and Chapter 10, on the basis of applications, the Excavator Shears market from 2018 to 2028 covers:
Engineering Machinery
Construction Machinery
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Excavator Shears market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Excavator Shears industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Excavator Shears market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Excavator Shears industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Excavator Shears market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Excavator Shears market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Excavator Shears market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an
in-depth analysis of the
overall growth prospects...
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by
highlighting information on
different aspects including drivers, restraints...
