The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Government infrastructure projects are likely to boost innovation in excavation and demolition manufacturing, propelling the market during the forecast period.

The global excavation and demolition market is expected to grow from $463.01 billion in 2022 to $480.41 billion in 2023 at a compound annual growth rate (CAGR) of 3.8%. The global excavation and demolition market size is expected to reach $539.62 billion in 2027 at a CAGR of 2.9%.

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Global Excavation And Demolition Market Segments Include:

• By Type: Building Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development
• By Equipment Type: Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Other Equipment
• By End-User: Housing, Healthcare, Industrial, Infrastructure, Commercial, Educational
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global excavation and demolition market in 2021.

Major Market Players in the excavation and demolition market include VINCI Group, Grupo ACS, Bechtel Corporation, Hochtief AG, Skanska AB, Balfour Beatty Plc., Bouygues Construction SA, Kiewit Corporation, Koninklijke BAM Groep.

Technological developments are a prominent trend in the excavation and demolition sector. To maintain their market position, major industry players are launching innovative technologies. For example, Rod Radar, an Israeli producer of construction-related technologies, will deploy Live Dig Radar technology in August 2022. This is the first time a ground penetrating radar (GPR) has been connected with a digging bucket on an excavator. Live Dig Radar technology overcomes the limits of current technologies by detecting any type of underground utility during earthwork at any depth in real time. The bucket can be used on any excavator with a standard attachment mechanism. The LDR Excavate reliably detects targets near to the bucket and on the surface when trenching. It accomplishes this by generating a new scan with each pass in different soils and substrate types, alerting the operator to potential hazards without the need for specialised analysis.

The Excavation And Demolition Global Market Report 2023  provides a excavation and demolition market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The excavation and demolition market forecast analyzes excavation and demolition market size, excavation and demolition market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The practise of moving dirt, rock, or other materials using explosives, equipment, or tools is known as excavation. Excavation includes earthmoving, trenching, wall-shafting, tunnelling, and other tasks. The activity of dismantling existing structures is referred to as demolition.

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