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The mini excavators market share is expected to increase by USD 3.15 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 7%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (construction, utility, and agriculture and forestry) and geography (Europe, APAC, North America, MEA, and South America).
The mini excavators market report also offers information on several market vendors, including Caterpillar Inc., CNH Industrial NV, Doosan Corp., Komatsu Ltd., SANY Group Co. Ltd., J C Bamford Excavators Ltd., Kubota Corp., Hitachi Construction Machinery Co. Ltd., Takeuchi Mfg. Co. Ltd., and Yanmar Holdings Co. Ltd. among others.
Caterpillar Inc. - The company offers an extensive line of mini hydraulic excavators from 1 to 10 metric tons. Under the resource industries segment, the company specializes in mining and quarry equipment.
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Technavio categorizes the global mini excavators market as a part of the global construction machinery and heavy trucks market, within the global capital goods market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the mini excavators market during the forecast period.
Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The growth of industrial and utility sectors is notably driving the mini excavators market growth, although factors such as the implementation of stringent environmental laws and regulations may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Mini Excavators Market Driver
Key Mini Excavators Market Challenge
This mini excavators market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Our In-house experts produce extensive information on the value chain and parent market of the mini excavators market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
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42% of the market’s growth will originate from APAC during the forecast period. Japan and China are the key markets for mini excavators in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Emerging countries such as India, China, Thailand, and other ASEAN countries are witnessing the rapid growth of the construction, industrial manufacturing, and agriculture sectors. The growth of construction activities in APAC is led by China and India. This will facilitate the mini excavators market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The mini excavators market share growth by the construction segment will be significant during the forecast period. This segment is primarily driven by increased investments in public sector construction by governing bodies, particularly in developing countries. Increased foreign direct investment (FDI), rising population, and growing transportation sector across the globe are resulting in the construction of roads, public transportation networks, and residential buildings. Furthermore, the growing global urban population is another factor contributing to the growth of the construction segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the mini excavators market size and actionable market insights on the post-COVID-19 impact on each segment.
Mini Excavators Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7% |
Market growth 2021-2025 |
USD 3.15 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.67 |
Regional analysis |
Europe, APAC, North America, MEA, and South America |
Performing market contribution |
APAC at 42% |
Key countries |
US, Japan, Germany, China, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Caterpillar Inc., CNH Industrial NV, Doosan Corp., Komatsu Ltd., SANY Group Co. Ltd., J C Bamford Excavators Ltd., Kubota Corp., Hitachi Construction Machinery Co. Ltd., Takeuchi Mfg. Co. Ltd., and Yanmar Holdings Co. Ltd. |
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, Market condition analysis for the forecast period |
Customization purview |
If our 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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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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