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
Cladding remediation programmes, transparency and target date.
National Audit Office issue report on cladding remediation.
HBPT and BEAMS Jubilees. Book review.
Does the first Labour budget deliver for the built environment?
What does the UK Budget mean for electrical contractors?
Mixed response as business pays, are there silver linings?
A brownfield housing boost for Liverpool
A 56 million investment from Homes England now approved.
Fostering a future-ready workforce through collaboration
Collaborative Futures: Competence, Capability and Capacity, published and available for download.
Considerate Constructors Scheme acquires Building A Safer Future
Acquisition defines a new era for safety in construction.
AT Awards evening 2024; the winners and finalists
Recognising professionals with outstanding achievements.
Reactions to the Autumn Budget announcement
And key elements of the quoted budget to rebuild Britain.
Chancellor of the Exchequer delivers Budget
Repairing, fixing, rebuilding, protecting and strengthening.
Expectation management in building design
Interest, management, occupant satisfaction and the performance gap.
Connecting conservation research and practice with IHBC
State of the art heritage research & practice and guidance.
Innovative Silica Safety Toolkit
Receives funding boost in memory of construction visionary.
Gentle density and the current context of planning changes
How should designers deliver it now as it appears in NPPF.
Sustainable Futures. Redefining Retrofit for Net Zero Living
More speakers confirmed for BSRIA Briefing 2024.
Making the most of urban land: Brownfield Passports
Policy paper in brief with industry responses welcomed.
The boundaries and networks of the Magonsæte.