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Global Mini Excavator Market: By End Use: Commercial, Infrastructural, Residential, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Mini Excavator Market Outlook
The global mini excavator market attained a value of USD 8.12 billion in 2020. The market is expected to grow at a CAGR of 4.2% in the forecast period of 2023-2028 to reach USD 10.4 billion.
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Infrastructural Growth Across the Globe to Aid the Market Growth of Mini Excavator
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: Market Segmentation
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.
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On the basis of end use, the market is divided into:
- Commercial
- Infrastructural
- Residential
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Construction Activities to Aid the Market Growth of Mini Excavator
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.
Key Industry Players in the Global Mini Excavator Market
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:
- Caterpillar Inc.
- Hitachi Construction Machinery CO., Ltd.
- AB Volvo
- JCB India Limited
- Kobelco Construction Machinery Co., Ltd.
- Komatsu Ltd.
- Others
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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- End Use, Region |
| Breakup by End Use | Commercial, Infrastructural, Residential, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Caterpillar Inc., Hitachi Construction Machinery CO., Ltd., AB Volvo, JCB India Limited, Kobelco Construction Machinery Co., Ltd., Komatsu Ltd., Others |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Mini Excavator Market Analysis
8.1 Key Industry Highlights
8.2 Global Mini Excavator Historical Market (2018-2022)
8.3 Global Mini Excavator Market Forecast (2023-2028)
8.4 Global Mini Excavator Market by End Use
8.4.1 Commercial
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Infrastructural
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Residential
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Mini Excavator Market by Region
8.5.1 North America
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
9 North America Mini Excavator Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Mini Excavator Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Mini Excavator Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Mini Excavator Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Mini Excavator Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Caterpillar Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Hitachi Construction Machinery CO., Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 AB Volvo
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 JCB India Limited
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Kobelco Construction Machinery Co., Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Komatsu Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Mini Excavator Market: Key Industry Highlights, 2018 and 2028
2. Global Mini Excavator Historical Market: Breakup by End Use (USD Billion), 2018-2022
3. Global Mini Excavator Market Forecast: Breakup by End Use (USD Billion), 2023-2028
4. Global Mini Excavator Historical Market: Breakup by Region (USD Billion), 2018-2022
5. Global Mini Excavator Market Forecast: Breakup by Region (USD Billion), 2023-2028
6. North America Mini Excavator Historical Market: Breakup by Country (USD Billion), 2018-2022
7. North America Mini Excavator Market Forecast: Breakup by Country (USD Billion), 2023-2028
8. Europe Mini Excavator Historical Market: Breakup by Country (USD Billion), 2018-2022
9. Europe Mini Excavator Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Asia Pacific Mini Excavator Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Asia Pacific Mini Excavator Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Latin America Mini Excavator Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Latin America Mini Excavator Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Middle East and Africa Mini Excavator Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Middle East and Africa Mini Excavator Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Global Mini Excavator Market Structure
Key Questions Answered in the Report
In 2020, the global mini excavator market attained a value of nearly USD 8.12 billion.
The market is projected to grow at a CAGR of 4.2 between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 10.4 billion by 2026.
The major drivers of the industry, such as rising disposable incomes, rising demand for infrastructural development programmes and construction activities, rising demand from the developing regions, and extensive applications, are expected to aid the market growth.
The key trend guiding the growth of the market includes the technological advancements in the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading end use sectors in the market are commercial, infrastructural, and residential, among others.
The major players in the industry are Caterpillar Inc., Hitachi Construction Machinery CO., Ltd., AB Volvo, JCB India Limited, Kobelco Construction Machinery Co., Ltd., and Komatsu Ltd., among others.
Analyst Review
The global mini excavator market attained a value of USD 8.12 billion in 2020, driven by the rising construction industry. Aided by technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.2%. The market is projected to reach USD 10.4 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on end use, the market is segmented into commercial, infrastructural, and residential, among others. The major regional markets for mini excavator are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Caterpillar Inc., Hitachi Construction Machinery CO., Ltd., AB Volvo, JCB India Limited, Kobelco Construction Machinery Co., Ltd., and Komatsu Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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