By Jordanne Waldschmidt – 2025 – Market Pulse – Equipment World
U.S. contractors snapped up 15% more new excavators year over year, according to Fusable’s latest EDA equipment finance data.
A total of 16,697 new excavators were financed from February 1, 2024 to January 31, 2025, compared to 14,505 new units financed during the same period the previous year. EDA classifies mini excavators as up to 8 metric tons in operating weight. For this article, we will only analyze data on full-size excavators starting at 8+ metric tons or larger.
While Cat maintained its position as the top seller of new financed excavators, other manufacturers chipped away at its stronghold, with its percentage of total units declining from 29.1% to 25% year over year.