Mini Excavators Market by End-User and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR40261
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The mini excavators market size has the potential to grow by USD 3.15 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.77%. 

This report provides a detailed analysis of the market by end-user (construction, utility, and agriculture and forestry), geography (Europe, APAC, North America, MEA, and South America), and key vendors. 

Market Overview

Mini-Excavators-Market-Market-Size-2020-2025

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Caterpillar Inc.
  • CNH Industrial NV
  • Doosan Corp.
  • Hitachi Construction Machinery Co. Ltd.
  • J C Bamford Excavators Ltd.
  • Komatsu Ltd.
  • Kubota Corp.
  • SANY Group Co. Ltd.
  • Takeuchi Mfg. Co. Ltd.
  • Yanmar Holdings Co. Ltd.

 

The mini excavators market is fragmented and the vendors are deploying growth strategies such as technological advancements and performance enhancement to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the expansion of mini excavators application areas to achieve growth opportunities. However, factors such as the availability of substitute products will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the mini excavators market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This mini excavators market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Mini Excavators Market: Key Drivers and Trends

  • The versatile applications of mini excavators in several industries are likely to fuel the mini excavators market growth over the forecast period.
  • Mini excavators are highly adopted in various industries due to their ability to operate in confined spaces.
  • Mini excavators can be used with several types of attachments, allowing the user to perform tasks various with a single machine.
  • Mini excavators are finding varying applications in agriculture, railway maintenance, material handling, forestry, and log splitting.
  • The increasing application of mini excavators in the agricultural sector has prompted vendors to manufacture agriculture-specific models.
  • Vendors are launching battery-powered and electric mini excavators to adhere to adopt the sustainability concept and adhere to regulations associated with low emissions.
  • Governments and OEMs are focusing on developing zero- or low-emission vehicles.
  • Governing bodies are promoting electric vehicles (EVs) by providing attractive subsidies and implementing supportive policies for establishing EV infrastructure.
  • The decreasing battery prices and the enhanced performance capabilities of EVs have boosted their adoption among consumers, which is one of the key mini excavators market trends.
  • The economic advantages of electric mini excavators and the implementation of stringent emission standards will drive vendors to increase R&D for further improvement.

 

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Mini Excavators Market: Segmentation by Geography

Mini-Excavators-Market-Market-Share-by-Region-2020-2025

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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 APAC will be faster than the growth of the market in other regions.

The rapid growth of the construction, industrial manufacturing, and agriculture sectors will facilitate the mini excavators market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Mini Excavators Market: Segmentation by End-user

Mini-Excavators-Market-Market-Share-by-End-2020-2025

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The construction segment is primarily driven by increased investments in public sector construction by governing bodies, particularly in developing countries. Furthermore, the growing global urban population is another factor contributing to the growth of the construction segment. The increasing number of road and railway construction projects is anticipated to fuel the demand for mini excavators and other construction equipment during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the mini excavators market size.

 

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Mini Excavators Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • 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 behavior
  • The growth of the mini excavators 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 details of factors that will challenge the growth of mini excavators market vendors

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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

$ 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 consumer countries

US, Japan, Germany, China, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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 future consumer dynamics, market condition analysis for 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 ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Construction - Market size and forecast 2020-2025
    • Utility - Market size and forecast 2020-2025
    • Agriculture and forestry - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption
      • Competitive Scenario

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Caterpillar Inc.
      • CNH Industrial NV
      • Doosan Corp.
      • Hitachi Construction Machinery Co. Ltd.
      • J C Bamford Excavators Ltd.
      • Komatsu Ltd.
      • Kubota Corp.
      • SANY Group Co. Ltd.
      • Takeuchi Mfg. Co. Ltd.
      • Yanmar Holdings Co. Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • 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.

      TechnavioINFORMATION 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
      Technavio

      TechnavioDATA 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
      Technavio

      TechnavioREPORT WRITING

      Qualitative

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

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The mini excavators market growth will increase by $3148.82 million during 2020-2025.
      The mini excavators market is expected to grow at a CAGR of 6.77% during 2020-2025.
      Technavio has segmented the mini excavators market by end user (Construction, Utility, and Agriculture and forestry) and geographic (Europe, APAC, North America, MEA, and South America).
      Caterpillar Inc., CNH Industrial NV, Doosan Corp., Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Kubota Corp., SANY Group Co. Ltd., Takeuchi Mfg. Co. Ltd., Yanmar Holdings Co. Ltd. are a few of the key vendors in the mini excavators market.
      APAC will register the highest growth rate of 41.65% among the other regions. Therefore, the mini excavators market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the mini excavators market growth are:
      • Growth of industrial and utility sectors
      • Increasing manufacturers emphasis on electric mini excavators
      The mini excavators market vendors should focus on grabbing business opportunities from the construction segment as it accounted for the largest market share in the base year.
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