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.

What will the Mini Excavators Market Size be During the Forecast Period?

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Parent Market Analysis

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.

Mini Excavators Market: Key Drivers, Trends, and Challenges

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

• One of the key factors driving growth in the mini excavators market is the growth of the industrial and utility sectors.
• The current decade has been witnessing a rapid increase in power and energy-related activities globally. Mini excavators are extensively used in power and energy construction sites. The work of mini excavators ranges from laying cables to performing maintenance activities at sites.
• India, China, Brazil, Thailand, and other ASEAN countries are spending more to expand their electricity production and distribution networks. Such expenditures are anticipated to drive the demand for mini excavators and other construction machinery during the forecast period. 

Key Mini Excavators Market Challenge

• The implementation of stringent environmental laws and regulations will be a major challenge for the mini excavators market during the forecast period.
• In April 2016, numerous countries across the globe signed the Paris Agreement, according to which, the signatory countries have to keep the global temperature rise in this century well below 35.6 °F. As per the agreement, several countries across the globe started imposing stringent emission norms regarding vehicles and off-road equipment that contribute significantly to global carbon dioxide (CO2) emissions.
• These stringent emission standards encourage engine manufacturers to adopt advanced components and technologies, such as turbocharging, oxidation catalysts, cooled exhaust gas recirculation, and adjusting injector timing. The adoption of such technologies escalates the cost of the engine and, subsequently, the cost of vehicles, such as mini excavators. 

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.

Mini Excavators Market Value Chain Analysis

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.

Which are the Key Regions for Mini Excavators Market?

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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.

What is the Fastest-Growing End-user Segment in the Mini Excavators Market?

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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. 

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What are the Key Data Covered in this Mini Excavators Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive mini excavators market growth during the next five years
• Precise estimation of the mini excavators market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the mini excavators market industry across Europe, APAC, North America, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive analysis of factors that will challenge the growth of mini excavators market vendors

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