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
The Building Safety Act 2022 today.
Many provisions came into force on June 28, 2022.
With room to expand.
An information packed session at the BSRIA conference.
Refurbishment, Energy Efficiency, Indoor air and process.
Considering building acoustics with the AT Journal.
Why building acoustic considerations must be non-negotiable.
Create a profile, write informed product articles and share.
Aluminium Composite Panels (ACP) is one example.
Top 50 Women in engineering 2022.
Inventors and innovators at ICE.
Life, death and art at the Stuart court. Book review.
Real estate, place adaptation and innovation.
Review and comment on the revised draft before July 11.
We are indeed now 10 years old, so go on and be bold !
Write about something you know, help us build and grow !
IHBC's 25th anniversary 2022 Aberdeen School.
A blended event and triumphant return.
New Construction Leadership Council Co-Chair selected.
Mark Reynolds succeeds Andy Mitchell as Co-Chair of CLC
Designing Buildings is 10 years old.
Types of work to existing buildings.
From alteration to deconstruction on DB.
Publication available
In the sunshine things get hotter.
Understanding temperature in buildings on DB.
Giving power to the consumer on the road to net-zero.
A call for home energy management to be modernised.
How many different types can you think of ?
50th anniversary of the first Pride parade UK.
Looking back and fourth to what still needs to be done.
Balkrishna Doshi wins Royal Gold Medal 2022.
Pioneering Indian environmental design Architect.
The greenest building is the one already built.
History of Temple Meads rewritten.
UK crying out for female tradespeople says CIOB research.
Currently standing at just 1%.
Find out more with BSRIA.
Changes come into force for F,L,O and S.