Compact Electric Construction Equipment Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, India, Japan, Germany - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 164 SKU: IRTNTR76397

Compact Electric Construction Equipment Market Forecast 2023-2027

The compact electric construction equipment market size is estimated to grow by USD 43.39 billion at a compound annual growth rate (CAGR) of 13.15% between 2022 and 2027. The growth of the market depends on several factors such as increasing urbanization and infrastructure development, the cost-effectiveness of using compact electric construction equipment over time and rising awareness of environmental sustainability. 

What will be the Size of the Market During the Forecast Period?

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Market Dynamics

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver - Increasing urbanization and infrastructure development

Rapid urban population and the rising number of infrastructure development projects around the globe are driving the expansion of the market. This significant shift in the global environment is marked by the growth of urban areas and the urgent requirement for eco-friendly and sustainable construction solutions. Cities are undergoing rapid growth and modernization at an unprecedented rate as the global population continues to gravitate towards urban centres. This upsurge in urbanization necessitates construction equipment that can effectively navigate through congested areas, fulfil stringent emissions standards, and lower noise and pollution.

Moreover, due to its compact size and ability to manoeuvre in tight spaces, compact electric construction equipment is well-suited to address such challenges which makes it an ideal option for urban construction sites, where larger equipment may not be practical. Also, electric machinery provides quieter operation and produces fewer emissions, therefore addressing environmental concerns and enhancing the quality of life of urban dwellers. Such factors will fuel the growth of the market during the forecast period.

Trends- Help from rapid advancement in battery technology

The ongoing advancement of battery technology is one of the most significant market trends. For small-scale compact electric construction equipment, companies are largely investing in the development of more efficient and long-lasting batteries. Due to the higher energy density and quicker charging speeds, lithium-ion batteries are becoming increasingly popular. Such advances are leading to extended equipment runtimes, lessened downtime, and expanded overall efficiency on construction sites. Battery technology, to run for longer operating hours, particularly the introduction of high-density lithium-ion (HLC) batteries has allowed compact construction equipment.

In addition, compact construction equipment can operate for longer periods of time between charges with extended battery life and faster charging speeds, resulting in lowered downtime and increased overall productivity on the construction site. This enables operators to finish more work in one charge cycle, resulting in increased efficiency and cost savings. Such factors will increase the growth of the market during the forecast period.

Challenge- Need for charging infrastructure for continued development 

The pivotal issue in the market is the development and availability of the necessary infrastructure, particularly the necessary charging infrastructure. The transition to electric machinery in construction is not only environmentally friendly but also depends largely on the availability of dependable and efficient charging solutions on construction sites. Electric construction equipment is different from conventional equipment in that it needs a charging station to be powered. This is because electric equipment cannot be refuelled in a short amount of time with either gasoline or diesel fuel.

Consequently,  to meet the power requirements of large-scale construction equipment, it is a challenge to ensure that the required charging stations are established strategically and cost-effectively. Such factors will limit the growth of the global compact electric construction market during the forecast period.

Market Segmentation by Product Type, Application and Geography

Product Type Segment Analysis

The forklift segment is estimated to witness significant growth during the forecast period. In recent years, the market has witnessed considerable expansion and various product segments have been developed to fulfil the changing needs of the construction sector. Among these, for material processing and logistics on construction sites, forklifts have a major position as necessary equipment. 

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The forklift segment was the largest segment and was valued at USD 13.14 billion in 2017. As electric forklifts help meet global sustainability goals, they are becoming more popular as they help meet global sustainability goals. Also, they are great for construction sites because they are versatile and efficient. They are perfect for urban projects where noise and air quality regulations are high with their low noise and environmental impact. Such factors will drive the growth of the market during the forecast period.

Application Segment Analysis

Based on application, the market has been segmented into commercial, residential, and infrastructure. Over the past few years, the commercial segment has seen significant growth in the market. It is one of the most prominent market segments by application. Electric construction equipment of a compact size is commonly used in a variety of industries in the commercial sector, such as landscaping, property management, and urban development. For instance, landscaping companies often use electric skid steer loaders or mini excavators to dig trenches, move materials, and grade landscapes. Not only do these machines lower emissions at job sites, but they also operate in a quiet manner, reducing disruption in residential areas. Thus, such factors will boost the growth of the market during the forecast period.

Regional Analysis

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APAC is estimated to contribute 33% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. In the vast and dynamic landscape of the market, the APAC region is a pivotal market segment. In APAC, the construction equipment rental market region is highly competitive, permitting smaller contractors and businesses to access compact electric machinery without having to make an initial capital investment.

As it enables businesses to test and assess the advantages of these machines without having to make a long-term investment, the popularity has been driven by the rental trend. Governments in APAC are implementing more strict emissions norms and providing incentives to promote the use of equipment. For instance, India's FAME scheme has been instrumental in driving the adoption of compact electric equipment in the country. Such factors are expected to drive market growth in the region during the forecast period.

Who are the Major Compact Electric Construction Equipment Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AB Volvo - The company offers the EC15E mini excavator, the EC20E mini excavator, and the EC25E mini excavator.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

AB Volvo, Caterpillar Inc., CNH Industrial NV, Deere and Co., Doosan Corp., Guangxi LiuGong Machinery Co. Ltd., Haulotte Group, HD Hyundai Co. Ltd., Hidromek Hidrolik ve Mekanik Makina Imalat Sanayi ve Ticaret A.S., Hitachi Ltd., J C Bamford Excavators Ltd., Kobe Steel Ltd., Komatsu Ltd., Kubota Corp., Liebherr International Deutschland GmbH, Manitou BF SA, NACCO Industries Inc., SANY Group, Takeuchi Mfg. Co. Ltd., and Wacker Neuson SE

Technavio's market forecasting report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Market Analyst Overview

The Global Compact Electric Construction Equipment Market is experiencing significant growth due to rapid urbanization in developing countries. This market includes a range of equipment such as pallet jacks, standup riders, and compact electric excavators, which are ideal for constructing houses, schools, hospitals, stadiums, government buildings, airports, and other infrastructure projects. The Indian government, in particular, is investing heavily in urban infrastructure, creating a surge in demand for compact construction machinery.

Operational costs are a major consideration for warehouse owners, and the use of electric compact construction equipment offers transparency and cost savings. Stringent environmental regulations in various regions have led to an exponential increase in the demand for electric construction equipment, which produces fewer vibrations and emits no diesel fumes.

Electric compact construction equipment, including electric excavators and compact track loaders like the Volvo CE electric excavator, are revolutionizing the construction industry with their advanced hydraulic systems and online sales channels. The revenue share of the loader segment is expected to grow as more projects adopt electric construction equipment to meet the demands of urbanization and economic growth.

Segment Overview

The market growth and forecasting report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Type Outlook (USD Billion, 2017 - 2027)
    • Forklift
    • Loader
    • Excavator
    • AWP equipment
  • Application Outlook (USD Billion, 2017 - 2027)
    • Commercial
    • Residential
    • Infrastructure
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile 
      • Brazil
      • Argentina
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Compact Electric Construction Equipment Market Scope

Market Report Coverage

Details

Page number

164

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 13.15%

Market growth 2023-2027

USD 43.39 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

12.47

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 33%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

AB Volvo, Caterpillar Inc., CNH Industrial NV, Deere and Co., Doosan Corp., Guangxi LiuGong Machinery Co. Ltd., Haulotte Group, HD Hyundai Co. Ltd., Hidromek Hidrolik ve Mekanik Makina Imalat Sanayi ve Ticaret A.S., Hitachi Ltd., J C Bamford Excavators Ltd., Kobe Steel Ltd., Komatsu Ltd., Kubota Corp., Liebherr International Deutschland GmbH, Manitou BF SA, NACCO Industries Inc., SANY Group, Takeuchi Mfg. Co. Ltd., and Wacker Neuson SE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our market growth analysis report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation size of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
  • Our market research and growth report includes a thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global compact electric construction equipment market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global compact electric construction equipment market 2017 - 2021 ($ billion)
    • 4.2 Product Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Type Segment 2017 - 2021 ($ billion)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Product Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Product Type
      • Exhibit 32: Chart on Comparison by Product Type
      • Exhibit 33: Data Table on Comparison by Product Type
    • 6.3 Forklift - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Forklift - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Forklift - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Forklift - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Forklift - Year-over-year growth 2022-2027 (%)
    • 6.4 Loader - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Loader - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Loader - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Loader - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Loader - Year-over-year growth 2022-2027 (%)
    • 6.5 Excavator - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Excavator - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Excavator - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Excavator - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Excavator - Year-over-year growth 2022-2027 (%)
    • 6.6 AWP equipment - Market size and forecast 2022-2027
      • Exhibit 46: Chart on AWP equipment - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on AWP equipment - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on AWP equipment - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on AWP equipment - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Product Type
      • Exhibit 50: Market opportunity by Product Type ($ billion)
      • Exhibit 51: Data Table on Market opportunity by Product Type ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 52: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 53: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 54: Chart on Comparison by Application
      • Exhibit 55: Data Table on Comparison by Application
    • 7.3 Commercial - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Commercial - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
    • 7.4 Residential - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Residential - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Residential - Year-over-year growth 2022-2027 (%)
    • 7.5 Infrastructure - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Infrastructure - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Data Table on Infrastructure - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Chart on Infrastructure - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Infrastructure - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Application
      • Exhibit 68: Market opportunity by Application ($ billion)
      • Exhibit 69: Data Table on Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 India - Market size and forecast 2022-2027
      • Exhibit 103: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ billion)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 AB Volvo
              • Exhibit 123: AB Volvo - Overview
              • Exhibit 124: AB Volvo - Business segments
              • Exhibit 125: AB Volvo - Key news
              • Exhibit 126: AB Volvo - Key offerings
              • Exhibit 127: AB Volvo - Segment focus
            • 12.4 Caterpillar Inc.
              • Exhibit 128: Caterpillar Inc. - Overview
              • Exhibit 129: Caterpillar Inc. - Business segments
              • Exhibit 130: Caterpillar Inc. - Key offerings
              • Exhibit 131: Caterpillar Inc. - Segment focus
            • 12.5 Deere and Co.
              • Exhibit 132: Deere and Co. - Overview
              • Exhibit 133: Deere and Co. - Business segments
              • Exhibit 134: Deere and Co. - Key news
              • Exhibit 135: Deere and Co. - Key offerings
              • Exhibit 136: Deere and Co. - Segment focus
            • 12.6 Doosan Corp.
              • Exhibit 137: Doosan Corp. - Overview
              • Exhibit 138: Doosan Corp. - Business segments
              • Exhibit 139: Doosan Corp. - Key offerings
              • Exhibit 140: Doosan Corp. - Segment focus
            • 12.7 Haulotte Group
              • Exhibit 141: Haulotte Group - Overview
              • Exhibit 142: Haulotte Group - Business segments
              • Exhibit 143: Haulotte Group - Key offerings
              • Exhibit 144: Haulotte Group - Segment focus
            • 12.8 HD Hyundai Co. Ltd.
              • Exhibit 145: HD Hyundai Co. Ltd. - Overview
              • Exhibit 146: HD Hyundai Co. Ltd. - Business segments
              • Exhibit 147: HD Hyundai Co. Ltd. - Key news
              • Exhibit 148: HD Hyundai Co. Ltd. - Key offerings
              • Exhibit 149: HD Hyundai Co. Ltd. - Segment focus
            • 12.9 Hitachi Ltd.
              • Exhibit 150: Hitachi Ltd. - Overview
              • Exhibit 151: Hitachi Ltd. - Business segments
              • Exhibit 152: Hitachi Ltd. - Key news
              • Exhibit 153: Hitachi Ltd. - Key offerings
              • Exhibit 154: Hitachi Ltd. - Segment focus
            • 12.10 J C Bamford Excavators Ltd.
              • Exhibit 155: J C Bamford Excavators Ltd. - Overview
              • Exhibit 156: J C Bamford Excavators Ltd. - Product / Service
              • Exhibit 157: J C Bamford Excavators Ltd. - Key offerings
            • 12.11 Komatsu Ltd.
              • Exhibit 158: Komatsu Ltd. - Overview
              • Exhibit 159: Komatsu Ltd. - Business segments
              • Exhibit 160: Komatsu Ltd. - Key news
              • Exhibit 161: Komatsu Ltd. - Key offerings
              • Exhibit 162: Komatsu Ltd. - Segment focus
            • 12.12 Kubota Corp.
              • Exhibit 163: Kubota Corp. - Overview
              • Exhibit 164: Kubota Corp. - Business segments
              • Exhibit 165: Kubota Corp. - Key news
              • Exhibit 166: Kubota Corp. - Key offerings
              • Exhibit 167: Kubota Corp. - Segment focus
            • 12.13 Manitou BF SA
              • Exhibit 168: Manitou BF SA - Overview
              • Exhibit 169: Manitou BF SA - Product / Service
              • Exhibit 170: Manitou BF SA - Key offerings
            • 12.14 NACCO Industries Inc.
              • Exhibit 171: NACCO Industries Inc. - Overview
              • Exhibit 172: NACCO Industries Inc. - Business segments
              • Exhibit 173: NACCO Industries Inc. - Key offerings
              • Exhibit 174: NACCO Industries Inc. - Segment focus
            • 12.15 SANY Group
              • Exhibit 175: SANY Group - Overview
              • Exhibit 176: SANY Group - Product / Service
              • Exhibit 177: SANY Group - Key offerings
            • 12.16 Takeuchi Mfg. Co. Ltd.
              • Exhibit 178: Takeuchi Mfg. Co. Ltd. - Overview
              • Exhibit 179: Takeuchi Mfg. Co. Ltd. - Product / Service
              • Exhibit 180: Takeuchi Mfg. Co. Ltd. - Key offerings
            • 12.17 Wacker Neuson SE
              • Exhibit 181: Wacker Neuson SE - Overview
              • Exhibit 182: Wacker Neuson SE - Business segments
              • Exhibit 183: Wacker Neuson SE - Key news
              • Exhibit 184: Wacker Neuson SE - Key offerings
              • Exhibit 185: Wacker Neuson SE - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 186: Inclusions checklist
                • Exhibit 187: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 188: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 189: Research methodology
                • Exhibit 190: Validation techniques employed for market sizing
                • Exhibit 191: Information sources
              • 13.5 List of abbreviations
                • Exhibit 192: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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