Northern America: Self-Propelled Excavating Machinery Market 2025

Self-Propelled Excavating Machinery Market Size in Northern America

After two years of growth, the North American self-propelled excavating machinery market decreased by -12.5% to $X in 2021. Overall, consumption, however, saw buoyant growth. Over the period under review, the market attained the peak level at $X in 2020, and then fell in the following year.

Self-Propelled Excavating Machinery Production in Northern America

In value terms, self-propelled excavating machinery production contracted to $X in 2021 estimated in export price. In general, production continues to indicate a slight reduction. The pace of growth was the most pronounced in 2020 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Self-Propelled Excavating Machinery Exports

Exports in Northern America

In 2021, overseas shipments of self-propelled earth moving, excavating machinery were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2018 when exports increased by 35%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, self-propelled excavating machinery exports surged to $X in 2021. Overall, exports, however, showed a abrupt slump. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States represented the main exporter of self-propelled earth moving, excavating machinery in Northern America, with the volume of exports accounting for X units, which was near 87% of total exports in 2021. It was distantly followed by Canada (X units), achieving a 13% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to self-propelled excavating machinery exports from the United States stood at -10.1%. Canada (-4.8%) illustrated a downward trend over the same period. Canada (+4.7 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -4.7% from 2012 to 2021, respectively.

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of exports in 2021.

Among the main exporting countries, Canada, with a CAGR of +5.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, picking up by 12% against the previous year. Export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, self-propelled excavating machinery export price increased by +56.1% against 2016 indices. The pace of growth appeared the most rapid in 2020 an increase of 33% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+10.3%).

Self-Propelled Excavating Machinery Imports

Imports in Northern America

In 2021, approx. X units of self-propelled earth moving, excavating machinery were imported in Northern America; picking up by 17% against the year before. Overall, imports, however, showed a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of 35%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, self-propelled excavating machinery imports rose markedly to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 34% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X units) and Canada (X units) dominates imports structure, together committing 97% of total imports. Bermuda (X units) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bermuda (with a CAGR of +26.7%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the United States ($X) constitutes the largest market for imported self-propelled earth moving, excavating machinery in Northern America, comprising 73% of total imports. The second position in the ranking was taken by Canada ($X), with a 27% share of total imports.

In the United States, self-propelled excavating machinery imports increased at an average annual rate of +4.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Canada (-6.4% per year) and Bermuda (+27.1% per year).

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, dropping by -3.6% against the previous year. Over the period under review, the import price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of 204% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per unit), while Bermuda ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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