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Global Mini Excavator Market: By End Use: Commercial, Infrastructural, Residential, Others; Regional Analysis; Historical Market and Forecast (2016-2026); 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 2021-2026 to reach USD 10.4 billion.

 

Global Mini Excavator Market

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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: Industry Definition and 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.

 

Global Mini Excavator Market By End Use

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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.

 

Global Mini Excavator Market By Region

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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 industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Mini Excavator Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Mini Excavator Historical Market (2016-2020) 
    8.3    Global Mini Excavator Market Forecast (2021-2026)
    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 (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Infrastructural
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Residential
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Others
    8.5    Global Mini Excavator Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Caterpillar Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Hitachi Construction Machinery CO., Ltd.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    AB Volvo
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    JCB India Limited
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Kobelco Construction Machinery Co., Ltd.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Komatsu Ltd.
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Mini Excavator Market: Key Industry Highlights, 2016 and 2026
2.    Global Mini Excavator Historical Market: Breakup by End Use (USD Billion), 2016-2020
3.    Global Mini Excavator Market Forecast: Breakup by End Use (USD Billion), 2021-2026
4.    Global Mini Excavator Historical Market: Breakup by Region (USD Billion), 2016-2020
5.    Global Mini Excavator Market Forecast: Breakup by Region (USD Billion), 2021-2026
6.    North America Mini Excavator Historical Market: Breakup by Country (USD Billion), 2016-2020
7.    North America Mini Excavator Market Forecast: Breakup by Country (USD Billion), 2021-2026
8.    Europe Mini Excavator Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    Europe Mini Excavator Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Asia Pacific Mini Excavator Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Asia Pacific Mini Excavator Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Latin America Mini Excavator Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Latin America Mini Excavator Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Middle East and Africa Mini Excavator Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Middle East and Africa Mini Excavator Market Forecast: Breakup by Country (USD Billion), 2021-2026
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 2021-2026 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 2021-2026, 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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