Base Year
Historical Year
Forecast Year
The global mini excavator market attained a value of USD 9.19 billion in 2023. The market is expected to grow at a CAGR of 4.2% in the forecast period of 2024-2032 to reach USD 13.31 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The global market for mini excavator is driven by the support provided by regions like North America and Europe. This can be attributed to the inflating disposable incomes, which is expected to catalyse the infrastructural growth in these regions, as a result, aiding the market growth over the forecast period. The Middle East and Africa is also witnessing a healthy growth for mini excavator, owing to the rise in immigration, which has resulted in urbanisation and consequently accelerated the demand for residential projects in the region. In the Asia Pacific region, especially in developing countries, like India and China, rising residential and non-residential projects is facilitating the market growth of mini excavator. Further, the overall demand for more efficient, cost-effective, and productive mini excavators is expected to enhance the market growth of mini excavator.
Mini excavator, variously known as compact excavator, either has a wheel or undercarriage made from rubber or steel. It usually has an operating range of 0.7–10 ton and is used for tasks that are traditionally done by labour force. Mini excavator eliminates the role of tractor, mini truck, and pickups, and makes the task easy, fast, efficient, versatile, economical, and compact. They are ideal for construction sites with restricted space.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
On the basis of end use, the market is divided into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The market growth of mini excavator is driven by the rising demand for infrastructural development program and construction activities across the globe. The ongoing residential construction and infrastructural development is expected to propel the market growth of mini excavator over the forecast period. Further, the extensive applications of mini excavator in installation, maintenance, and restoration of gas pipelines, and electric transmission networks is expected to accelerate the growth of the mini excavator industry. Other applications of mini excavator include irrigational agricultural activities and railway maintenance. Further, technological advancements in the industry are expected to aid the market growth in the coming years.
The report gives a detailed analysis of the following key players in the global mini excavator market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2023, the market size attained a value of approximately USD 9.19 billion.
The market is projected to grow at a CAGR of 4.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 13.31 billion by 2032.
The major drivers of the market are rising disposable incomes, growing demand for infrastructural development programmes and construction activities, and extensive applications.
The key trends guiding the growth of the market include the technological advancements in the market and rising demand from the developing regions.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading end uses in the market are commercial, infrastructural, and residential, among others.
The major players in the global mini excavator market are Caterpillar Inc., Hitachi Construction Machinery CO., Ltd., AB Volvo, JCB India Limited, Kobelco Construction Machinery Co., Ltd., and Komatsu Ltd., among others.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
Share