Compact Construction Equipment Market by Equipment, End-user Industry, and Application - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4580559
  • Report
  • Region: Global
  • 249 pages
  • Allied Analytics LLP
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The global compact construction equipment market size was $6,250 million in 2016, and is projected to reach $9,438 million in 2023, growing at a CAGR of 6.2% from 2017 to 2023. Compact construction equipment comprises of equipment and machineries, which are compact in size, can be easily relocated from one place to another, and deliver performance equivalent to that of the heavy machineries.

Increase in construction activities and rise in application in mining and agriculture industry propel the demand for compact construction equipment. In addition, the portable and compact size, light weight, and robust performance leads to the growth of the compact construction equipment market. However, the shortage of skilled workforce and high manufacturing cost of the equipment are major challenges faced by the players operating in the market. Increase in pace of infrastructural improvement and rise in demand for renewable energy offer promising opportunities for players in the compact construction equipment industry. Moreover, lack of standardization of machinery also provides lucrative business opportunity to the players.

The global compact construction equipment market is segmented into equipment, end-user industry, application, and region. Based on equipment, the market is categorized into backhoe loader, excavator, skid steer loader, telehandler, track loader, and others. Backhoe loader is expected to dominate the global compact construction equipment market throughout the analysis period owing to its wide scope of application. The end-user industry segment includes metal & mining, construction, agriculture, and others. In 2016, the construction industry accounted for maximum market share due to increase in number of infrastructural improvements. By application, the market is divided into loading, excavation, material handling, lifting & hoisting, and others. In 2016, the loading in application segment accounted for maximum market share due to increase in number of construction activities.

The global compact construction equipment is analyzed across North America (U.S., Canada & Mexico), Europe (UK, Germany, France, Russia & others), Asia-Pacific (China, India, Japan & others), and LAMEA (Latin America, Middle East & Africa). Asia-Pacific is expected to dominate the market throughout the forecast period and is projected to grow at the fastest rate followed by LAMEA. The key players profiled in this report are Caterpillar, Inc., JCB, Inc., John Deere, King Machinery, Komatsu, Mustang, Sany, Hyundai Heavy Industries Co. Ltd., Volvo, and XCMG.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis along with current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the market is provided.
Porter’s Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.

KEY MARKET SEGMENTS

By Equipment

Backhoe Loader
Excavators
Skid Steer Loader
Telehandler
Track Loader
Others

By End-user Industry

Metal & Mining
Construction
Agriculture
Others

By Application

Loading
Excavation
Material Handling
Lifting & Hoisting
Others

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

KEY MARKET PLAYERS PROFILED IN THE REPORT

Caterpillar, Inc.
Hyundai Heavy Industries Co. Ltd.
JCB, Inc.
John Deere
King Machinery
Komatsu
Mustang
Sany
Volvo
XCMG
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Note: Product cover images may vary from those shown
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CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top winning strategies
3.2.2. Top investment pockets
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate bargaining power of buyers
3.3.3. High threat of substitution
3.3.4. Moderate threat of new entrants
3.3.5. Moderate competitive rivalry
3.4. MARKET PLAYER POSITIONING, 2016
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Versatile benefits associated with compact construction equipment
3.5.1.2. Increased focus towards robust and compact equipment
3.5.1.3. Increase in infrastructure & development projects globally
3.5.2. Restraints
3.5.2.1. Lack of skilled technicians and operators
3.5.2.2. Volatile fuel prices and stringent regulation for engine emissions
3.5.3. Opportunity
3.5.3.1. Standardization of compact construction equipment

CHAPTER 4 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. BACKHOE LOADERS
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast, by region
4.2.4. Market analysis by country
4.3. EXCAVATORS
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast, by region
4.3.4. Market analysis by country
4.4. SKID STEER LOADERS
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast, by region
4.4.4. Market analysis by country
4.5. TELEHANDLERS
4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast, by region
4.5.4. Market analysis by country
4.6. TRACK LOADERS
4.6.1. Key market trends
4.6.2. Key growth factors and opportunities
4.6.3. Market size and forecast, by region
4.6.4. Market analysis by country
4.7. OTHERS
4.7.1. Key market trends
4.7.2. Key growth factors and opportunities
4.7.3. Market size and forecast, by region
4.7.4. Market analysis by country

CHAPTER 5 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY END-USER INDUSTRY
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. METALS & MINING
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast, by region
5.2.4. Market analysis by country
5.3. CONSTRUCTION
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast, by region
5.3.4. Market analysis by country
5.4. AGRICULTURE
5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast, by region
5.4.4. Market analysis by country
5.5. OTHERS
5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast, by region
5.5.4. Market analysis by country

CHAPTER 6 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION
6.1. OVERVIEW
6.1.1. Market size and forecast
6.2. LOADING
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast, by region
6.2.4. Market analysis by country
6.3. EXCAVATION
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast, by region
6.3.4. Market analysis by country
6.4. MATERIALS HANDLING
6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast, by region
6.4.4. Market analysis by country
6.5. LIFTING & HOISTING
6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast, by region
6.5.4. Market analysis by country
6.6. OTHERS
6.6.1. Key market trends
6.6.2. Key growth factors and opportunities
6.6.3. Market size and forecast, by region
6.6.4. Market analysis by country

CHAPTER 7 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY GEOGRAPHY
7.1. OVERVIEW
7.1.1. Market size and forecast
7.2. NORTH AMERICA
7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast, by equipment
7.2.4. Market size and forecast, by end-user industry
7.2.5. Market size and forecast, by application
7.2.6. Market size and forecast, by country
7.2.6.1. U.S.
7.2.6.1.1. U.S. market size and forecast, by equipment
7.2.6.1.2. U.S. market size and forecast, by end-user industry
7.2.6.1.3. U.S. market size and forecast, by application
7.2.6.2. Canada
7.2.6.2.1. Canada market size and forecast, by equipment
7.2.6.2.2. Canada market size and forecast, by end-user industry
7.2.6.2.3. Canada market size and forecast, by application
7.2.6.3. Mexico
7.2.6.3.1. Mexico market size and forecast, by equipment
7.2.6.3.2. Mexico market size and forecast, by end-user industry
7.2.6.3.3. Mexico market size and forecast, by application
7.3. EUROPE
7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast, by equipment
7.3.4. Market size and forecast, by end-user industry
7.3.5. Market size and forecast, by application
7.3.6. Market size and forecast, by country
7.3.6.1. Germany
7.3.6.1.1. Germany market size and forecast, by equipment
7.3.6.1.2. Germany market size and forecast, by end-user industry
7.3.6.1.3. Germany market size and forecast, by application
7.3.6.2. France
7.3.6.2.1. France market size and forecast, by equipment
7.3.6.2.2. France market size and forecast, by end-user industry
7.3.6.2.3. France market size and forecast, by application
7.3.6.3. UK
7.3.6.3.1. UK market size and forecast, by equipment
7.3.6.3.2. UK market size and forecast, by end-user industry
7.3.6.3.3. UK market size and forecast, by application
7.3.6.4. Russia
7.3.6.4.1. Russia market size and forecast, by equipment
7.3.6.4.2. Russia market size and forecast, by end-user industry
7.3.6.4.3. Russia market size and forecast, by application
7.3.6.5. Rest of Europe
7.3.6.5.1. Rest of Europe market size and forecast, by equipment
7.3.6.5.2. Rest of Europe market size and forecast, by end-user industry
7.3.6.5.3. Rest of Europe market size and forecast, by application
7.4. ASIA-PACIFIC
7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast, by equipment
7.4.4. Market size and forecast, by end-user industry
7.4.5. Market size and forecast, by application
7.4.6. Market size and forecast, by country
7.4.6.1. India
7.4.6.1.1. India market size and forecast, by equipment
7.4.6.1.2. India market size and forecast, by end-user industry
7.4.6.1.3. India market size and forecast, by application
7.4.6.2. China
7.4.6.2.1. China market size and forecast, by equipment
7.4.6.2.2. China market size and forecast, by end-user industry
7.4.6.2.3. China market size and forecast, by application
7.4.6.3. Japan
7.4.6.3.1. Japan market size and forecast, by equipment
7.4.6.3.2. Japan market size and forecast, by end-user industry
7.4.6.3.3. Japan market size and forecast, by application
7.4.6.4. Rest of Asia-Pacific
7.4.6.4.1. Rest of Asia-Pacific market size and forecast, by equipment
7.4.6.4.2. Rest of Asia-Pacific market size and forecast, by end-user industry
7.4.6.4.3. Rest of Asia-Pacific market size and forecast, by application
7.5. LAMEA
7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast, by equipment
7.5.4. Market size and forecast, by end-user industry
7.5.5. Market size and forecast, by application
7.5.6. Market size and forecast, by country
7.5.6.1. Latin America
7.5.6.1.1. Latin America market size and forecast, by equipment
7.5.6.1.2. Latin America market size and forecast, by end-user industry
7.5.6.1.3. Latin America market size and forecast, by application
7.5.6.2. Middle East
7.5.6.2.1. Middle East market size and forecast, by equipment
7.5.6.2.2. Middle East market size and forecast, by end-user industry
7.5.6.2.3. Middle East market size and forecast, by application
7.5.6.3. Africa
7.5.6.3.1. Africa market size and forecast, by equipment
7.5.6.3.2. Africa market size and forecast, by end-user industry
7.5.6.3.3. Africa market size and forecast, by application

CHAPTER 8 COMPANY PROFILE
8.1. AB VOLVO
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Product portfolio
8.1.5. Business performance
8.1.6. Key strategic moves and developments
8.2. CATERPILLAR, INC.
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Product portfolio
8.2.5. Business performance
8.2.6. Key strategic moves and developments
8.3. DEERE & COMPANY
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. Business performance
8.3.6. Key strategic moves and developments
8.4. HYUNDAI HEAVY INDUSTRIES CO. LTD.
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. Business performance
8.5. J C BAMFORD EXCAVATORS LTD.
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. Key strategic moves and developments
8.6. KING MACHINERY
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio
8.7. KOMATSU LTD.
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance
8.7.6. Key strategic moves and developments
8.8. MANITOU BF, S.A. (MUSTANG)
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product portfolio
8.8.5. Business performance
8.8.6. Key strategic moves and developments
8.9. SANY GROUP
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. Key strategic moves and developments
8.10. XCMG GROUP
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Product portfolio
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According to the new report published by Allied Market Research, titled, Compact Construction Equipment Marketlobal Opportunity Analysis and Industry Forecast, 2017-2023, the compact construction equipment market was valued at $6,250 million in 2016, and is expected to reach at $9,438 million by 2023, growing at a CAGR of 6.2% during the forecast period. Asia-Pacific accounted for approximately 32.0% of the market share in 2016, and is expected to witness significant growth during the forecast period.

Compact construction equipment are small in size, highly efficient, and easy to use. They find their application majorly in the construction industry as they are easy to handle. The demand for compact construction equipment has increased, owing to increase in construction activities as well as growth in application areas in the mining and agriculture industry. In addition, technological advancements are expected to propel the market growth. However, high production cost and volatile fuel prices pose a threat to the growth of the market.

The backhoe loader in the compact construction equipment dominated the equipment segment of in 2016, with around 27.0% share, and is expected to grow at the CAGR of 5.2% during the forecast period. High demand from construction, agriculture, and mining industries drive the backhoe loader market. In terms of application, loading is expected to dominate the market throughout the analysis period. The surge in adoption of compact construction equipment in agriculture and mining industries also makes way for the growth of the others segment, which is expected to register a fastest growth with a CAGR of 7.1%. The construction industry accounted for around 38% share of the global compact construction equipment market revenue in 2016, while the agriculture industry is anticipated to grow at the highest CAGR of 6.5% during the forecast period.

In 2016, Asia-Pacific dominated the global market, owing to robust growth of construction and agriculture industry. Furthermore, presence of major players is anticipated to boost the market growth in the near future. Europe is the second leading revenue contributor to the global market and is expected to grow at an estimated CAGR of 6.4% during the forecast period.

Key Findings of the Compact Construction Equipment Market

Backhoe loader dominated the market in equipment segment in terms of revenue and is projected to grow at a CAGR of 5.2% during the forecast period.
Based on end-user industry, the construction industry accounted for around 38.0% share of the global compact construction equipment market revenue in 2016
In 2016, Asia-Pacific was the dominant region and is anticipated to grow at the highest CAGR of 6.8%, while China was the major contributor to the market.

The key market players profiled are Caterpillar, Inc., JCB, Inc., John Deere, King Machinery, Komatsu, Mustang, Sany, Hyundai Heavy Industries Co. Ltd., Volvo, and XCMG.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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