Global Excavator Bucket Market Insights Forecasts to 2033

• The Global Excavator Bucket Market Size was estimated at USD 585.90 Million in 2023
• The Market Size is Expected to Grow at a CAGR of around 4.57% from 2023 to 2033
• The Worldwide Excavator Bucket Market Size is Expected to Reach USD 915.60 Million by 2033
• Asia Pacific is expected to Grow the fastest during the forecast period.

The Global Excavator Bucket Market Size is expected to cross USD 915.60 Million by 2033, growing at a CAGR of 4.57% from 2023 to 2033. The growing trend of urbanization and the growing demand for infrastructure development, particularly in emerging nations, are the opportunities of the excavator bucket market.   

Market Overview  

The industry involved in the manufacturing, marketing, and distribution of buckets made for use with excavators is known as the "excavator bucket market." The market for excavator buckets includes a variety of bucket types, including normal, heavy-duty, rock, and mud buckets, that are suited to different excavator sizes, materials, and applications. Digging, trenching, and material handling operations in the mining, building, and other industries all need the usage of excavator buckets. The market for buckets for excavators is changing along with the growing demand for these machines. Rapid urbanization and industrialization are driving up building activity, which calls for effective excavation solutions, according to the excavator bucket market. The market expansion for excavator buckets is facilitated by its various applications, especially in the construction sector. The expanding need for excavator buckets in a variety of industries, including mining, construction, and agriculture, where durability and efficiency are critical which are driving the growth of excavator bucket market. Different kinds of excavator buckets can be made due to the many functions that need to be achieved. This kind of demand is expected to drives the excavator bucket market.     

Report Coverage

This research report categorizes the excavator bucket market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the excavator bucket market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the excavator bucket market.

Driving Factors

The demand for high-performing excavator buckets, which are crucial for both small- and large-scale projects, is being driven by the increase in infrastructure development initiatives, particularly in emerging nations. The market drives demand for specialized buckets that can manage particular jobs like heavy-duty excavation or rock movement. The creation of technologically sophisticated buckets that provide improved safety, reduced operating costs, and improved efficiency is also driving growth of excavator bucket market. The world's fast urbanization and infrastructure development are two of the main factors driving the growth of excavator bucket market.

Restraining Factors

Environmental regulations present a barrier to the market since they can limit mining and building operations, which could restrict the demand of excavator buckets market.   

Market Segmentation

The excavator bucket market share is classified into type and application.      

• The digging bucket segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the type, the excavator bucket market is divided into digging bucket, rock bucket, v bucket, and others. Among these, the digging bucket segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The digger bucket widespread use in a variety of mining and construction industries adds to its high demand. Due to their versatility and ability to work with a variety of materials, they are indispensable for typical excavation jobs.     

• The construction excavator segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.  

Based on the application, the excavator bucket market is divided into construction excavator, mining excavator, and others. Among these, the construction excavator segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The construction excavators are essential for jobs like digging, lifting, and material transportation. There is a significant need for construction excavators and, consequently, excavator buckets due to the expansion of urbanization, infrastructure projects, and residential expansions. 

Regional Segment Analysis of the Excavator Bucket Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the excavator bucket market over the predicted timeframe.

North America is anticipated to hold the largest share of the excavator bucket market over the predicted timeframe. North America due to the dominance of the biggest manufacturing firms in nations like the United States. The excavator bucket market is mostly used on construction sites and in the mining industry, these locations also have the highest consumption rates. The formation of numerous manufacturing enterprises to boost the region's market growth.   

Asia Pacific is expected to grow at the fastest CAGR growth of the excavator bucket market during the forecast period. China and India are two of the nations driving the Asia Pacific region's rapid industrialization and urbanization. Large-scale construction projects and infrastructure development initiatives are the main drivers of the region's demand for excavator buckets. Increased mining operations in Southeast Asia and Australia are also fueling the market's expansion.  

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the excavator bucket market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Kobelco Construction Equipment India Pvt Ltd.
• Sumitomo Construction Machinery Co., Ltd.
• Kubota Corporation
• Caterpillar Inc.
• Komatsu Ltd.
• Kubota Corporation
• SANY Group
• Volvo Construction Equipment
• Doosan Infracore Co., Ltd.
• Liebherr Group
• Hyundai Construction Equipment Co., Ltd.
• Sumitomo Construction Machinery Co., Ltd.
• Hitachi Construction Machinery Co., Ltd.
• CNH Industrial N.V
• Others  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In January 2025, The SK80 excavator was just launched in Chennai by Kobelco Construction Equipment India Pvt Ltd. In front of channel partners, Takemichi Hirakawa, Managing Director of Kobelco Construction Equipment India Pvt Ltd, launched the Made-in-India 8-ton category mid-segment excavator. 

• In December 2024, an important milestone in the next-generation excavator series was launched NX50 Mini Excavator by Tata Hitachi. The NX50 is made to meet the changing demands of contemporary building projects by providing a strong, effective, and adaptable solution for minor to major jobs on building, landscaping, and urban sites.  

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the excavator bucket market based on the below-mentioned segments: 

Global Excavator Bucket Market, By Type  

• Digging Bucket
• Rock Bucket
• V Bucket
• Others

Global Excavator Bucket Market, By Application

• Construction Excavator
• Mining Excavator
• Others

Global Excavator Bucket Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa