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
Government publishes plans to 'build back greener'.
Fire safety exclusions and insurance
The contentious nature of claims associated with cladding, fire safety and EWS1 forms.
ECA comments on low-carbon heating systems initiative and Heat and Buildings Strategy.
Victorian dust heaps of London
Cinders and other forms of domestic rubbish created filth but also generated great wealth.
Young professionals in construction survey
CIC 2050 Group requests input to find out priorities for future industry leaders.
Conservation Principles for North Ireland
IHBC publishes response to consultation.
Budget 2022 - CIOB Ireland responds
Institute applauds funding initiatives but presses for additional retrofit and tax measures.
Electrotechnical sector prepares for All-IP networks
The switch from analogue to digital has begun.
The fourth industrial revolution is well underway.