Mini Excavators Market
The mini excavators market was valued at $7.23 billion in 2017 and is expected to reach $9.77 billion by 2025, registering a CAGR of 4.4% from 2018 to 2025. The construction segment dominated the market, accounting for more than one-third of the total revenue.
Mini excavators are a compact and robust type of construction equipment, with significant scope of application across different end-users. The advancement of technology and engineering capabilities has increased their performance and has provided alternatives to heavier construction equipment. Moreover, the growing popularity of compact construction equipment is expected to provide profitable business opportunities for the market. In addition, the significant number of ongoing construction and infrastructure development projects is also projected to fuel the demand for mini excavators.
Mini excavators find applications across different end-users, such as landscaping, demolishing, picking, excavating, and so on.
The Asia-Pacific region accounted for the major market share due to rapid urbanization and infrastructure development projects. As a result, the Asia-Pacific region is expected to maintain its leading market share during the forecast period with a growth rate of 4.9% from 2018 to 2015.
Europe and North America together accounted for more than half of the mini excavators, due to the popularity of compact and robust construction equipment.
The major players in the global mini excavators market have been focusing on new product development and business expansion strategies to gain a strong foothold in the market. The key players include AB Volvo, Caterpillar, Inc., ukurova Ziraat, Deere & Company, Hitachi, Ltd., Hyundai Construction Equipment, Co., Ltd., J C Bamford Excavators, Ltd., Kobe Steel, Ltd., Komatsu, Ltd., and Takeuchi Mfg. Co., Ltd.
[edit] Related articles on Designing Buildings Wiki
- Bituminous mixing and laying plant.
- Compact construction equipment.
- Compressed air plant.
- Concreting plant.
- Construction plant.
- Construction tools.
- Crane supports.
- Crane regulations.
- Earth-moving plant.
- Excavating plant.
- Forklift truck.
- Hoists.
- How to manage construction plant.
- Lifting devices.
- Piling equipment.
- Plant acquisition.
- Power float.
- Pumps and dewatering equipment.
- Rubble chute.
- Scaffolding.
- Tremie.
- Types of crane.
Featured articles and news
ECA 2024 Apprentice of the Year Award
Entries open for submission until May 31.
UK gov apprenticeship funding from April 2024
Brief summary the policy paper updated in March.
For the World Autism Awareness Month of April.
70+ experts appointed to public sector fire safety framework
The Fire Safety (FS2) Framework from LHC Procurement.
Project and programme management codes of practice
CIOB publications for built environment professionals.
The ECA Industry Awards 2024 now open !
Recognising the best in the electrotechnical industry.
Sustainable development concepts decade by decade.
The regenerative structural engineer
A call for design that will repair the natural world.
Buildings that mimic the restorative aspects found in nature.
CIAT publishes Principal Designer Competency Framework
For those considering applying for registration as a PD.
BSRIA Building Reg's guidance: The second staircase
An overview focusing on aspects which most affect the building services industry.
Design codes and pattern books
Harmonious proportions and golden sections.
Introducing or next Guest Editor Arun Baybars
Practising architect and design panel review member.
Quick summary by size, shape, test, material, use or bonding..