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Mini Excavators Market by End-user Industry - Global Opportunity Analysis and Industry Forecast, 2018-2025

  • ID: 4621192
  • Report
  • Region: Global
  • 153 pages
  • Allied Analytics LLP
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The mini excavators market size is expected to reach $9.77 billion by 2025 from $7.23 billion in 2017, growing at a CAGR of 4.4% during the forecast period (2018–2025). The excavators constitute construction equipment that provide assistance to perform excavating, landscaping, and picking and placing operations across construction, mining, and industrial sites, and others. Also, the availability of advanced engines and superior power capabilities have resulted in construction equipment with compact sizes, which are accessible across closed spaces. Thus, mini excavators are construction equipment with compact sizes, which are available in relatively low power ratings compared to heavy construction equipment. Thus, the mini excavators relocate easily from one location to another, provide better maneuverability, and are easy to operate compared to heavy equipment.

Factors, such as growing popularity of robust and compact construction equipment, is the major factor driving the market growth of mini excavators market. In addition, the versatile benefits associated with mini excavators, such as robustness, compact sizes, alternative to heavy construction equipment, and superior maneuverability, are also anticipated to fuel the demand for mini excavators during the forecast period. Further, the significant number of ongoing construction and infrastructure development projects, especially in the Asia-Pacific region, is expected to drive the market growth of mini excavators market during the forecast period. However, lack of skilled labors, operators, and technicians is projected to hinder the market growth throughout the forecast period. Opportunities, such as fast-growing economies and rapid urbanization across the Asian and African regions, are expected to provide profitable business opportunities for the mini excavators market.

The global mini excavators market is segmented into end-user industry and region. Based on end-user industry, the market is broadly categorized into construction, agriculture, and others. Moreover, to gather further insights, the market is further divided by region namely, North America, Europe, Asia-Pacific, and LAMEA.

Currently, the global mini excavators market is dominated by some key players, such as AB Volvo, Caterpillar, Inc., Çukurova Ziraat, Deere & Company, Hitachi, Ltd., Hyundai Construction Equipment Co., Ltd., J C Bamford Excavators, Ltd., Kobe Steel, Ltd., Komatsu, Ltd., Takeuchi Mfg. Co., Ltd., and other players.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the global mini excavators market and current and future trends to elucidate the imminent investment pockets.
The information about key drivers, restraints, and opportunities and their impact analysis on the market size 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 2017 to 2025 is provided to determine the market potential.

KEY MARKET SEGMENTS

By End-user Industry

Construction
Agriculture
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
LAMEA
Middle East
Africa

KEY MARKET PLAYERS

AB Volvo
Caterpillar, Inc.
Çukurova Ziraat
Deere & Company
Hitachi, Ltd.
Hyundai Construction Equipment Co., Ltd.
J C Bamford Excavators, Ltd.
Kobe Steel, Ltd.
Komatsu, Ltd.
Takeuchi Mfg. Co., Ltd.
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, 2017
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Benefits associated with mini excavators
3.5.1.2. Rapidly growing global infrastructure & development projects
3.5.2. Restraints
3.5.2.1. Presence of unskilled operators and technicians
3.5.3. Opportunity
3.5.3.1. Standardization of mini excavators

CHAPTER 4 Mini excavators market, by end-user industry
4.1. Overview
4.1.1. Market size and forecast
4.2. Construction
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Agriculture
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
4.4. Others
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

CHAPTER 5 Mini excavators market, by geography
5.1. Overview
5.1.1. Market size and forecast
5.2. North America
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by end-user industry
5.2.3. Market size and forecast, by country
5.2.3.1. U.S.
5.2.3.1.1. U.S. market size and forecast, by end-user industry
5.2.3.2. Canada
5.2.3.2.1. Canada market size and forecast, by end-user industry
5.2.3.3. Mexico
5.2.3.3.1. Mexico market size and forecast, by end-user industry
5.3. Europe
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by end-user industry
5.3.3. Market size and forecast, by country
5.3.3.1. Germany
5.3.3.1.1. Germany market size and forecast, by end-user industry
5.3.3.2. France
5.3.3.2.1. France market size and forecast, by end-user industry
5.3.3.3. UK
5.3.3.3.1. UK market size and forecast, by end-user industry
5.3.3.4. Russia
5.3.3.4.1. Russia market size and forecast, by end-user industry
5.3.3.5. Rest of Europe
5.3.3.5.1. Rest of Europe market size and forecast, by end-user industry
5.4. Asia-Pacific
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by end-user industry
5.4.3. Market size and forecast, by country
5.4.3.1. India
5.4.3.1.1. India market size and forecast, by end-user industry
5.4.3.2. China
5.4.3.2.1. China market size and forecast, by end-user industry
5.4.3.3. Japan
5.4.3.3.1. Japan market size and forecast, by end-user industry
5.4.3.4. Rest of Asia-Pacific
5.4.3.4.1. Rest of Asia-Pacific market size and forecast, by end-user industry
5.5. Lamea
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by end-user industry
5.5.3. Market size and forecast, by country
5.5.3.1. Latin America
5.5.3.1.1. Latin America market size and forecast, by end-user industry
5.5.3.2. Middle East
5.5.3.2.1. Middle East market size and forecast, by end-user industry
5.5.3.3. Africa
5.5.3.3.1. Africa market size and forecast, by end-user industry

CHAPTER 6 Company profile
6.1. AKEBONO BRAKE INDUSTRY CO., LTD.
6.1.1. Company overview
6.1.2. Company snapshot
6.1.3. Operating business segments
6.1.4. Business performance
6.1.5. Key strategic moves and developments
6.2. Altra Industrial Motion Corp.
6.2.1. Company overview
6.2.2. Company snapshot
6.2.3. Operating business segments
6.2.4. Product portfolio
6.2.5. Business performance
6.2.6. Key strategic moves and developments
6.3. ANTEC, S.A.
6.3.1. Company overview
6.3.2. Company snapshot
6.3.3. Operating business segments
6.3.4. Product portfolio
6.3.5. Business performance
6.3.6. Key strategic moves and developments
6.4. Dree & company
6.4.1. Company overview
6.4.2. Company snapshot
6.4.3. Operating business segments
6.4.4. Product portfolio
6.4.5. Business performance
6.4.6. Key strategic moves and developments
6.5. Hitachi, Ltd.
6.5.1. Company overview
6.5.2. Company snapshot
6.5.3. Operating business segments
6.5.4. Product portfolio
6.5.5. Business performance
6.5.6. Key strategic moves and developments
6.6. Hyundai Construction Equipment Co., Ltd.
6.6.1. Company overview
6.6.2. Company snapshot
6.6.3. Operating business segments
6.6.4. Product portfolio
6.6.5. Business performance
6.6.6. Key strategic moves and developments
6.7. J C Bamford Excavators, Ltd.
6.7.1. Company overview
6.7.2. Company snapshot
6.7.3. Operating business segments
6.7.4. Business performance
6.7.5. Key strategic moves and developments
6.8. PINTSCH BUBENZER GMBH (subsidiary of PINTSCH BAMAG Antriebs- und Verkehrstechnik GmbH)
6.8.1. Company overview
6.8.2. Company snapshot
6.8.3. Operating business segments
6.8.4. Business performance
6.8.5. Key strategic moves and developments
6.9. Komatsu, Ltd.
6.9.1. Company overview
6.9.2. Company snapshot
6.9.3. Operating business segments
6.9.4. Product portfolio
6.9.5. Business performance
6.9.6. Key strategic moves and developments
6.10. Takeuchi Mfg. Co., Ltd.
6.10.1. Company overview
6.10.2. Company snapshot
6.10.3. Operating business segments
6.10.4. Business performance
6.10.5. Key strategic moves and developments
Note: Product cover images may vary from those shown
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According to a new report titled, Mini Excavators Market by End-user Industry: Global Opportunity Analysis and Industry Forecast, 2018-2025," the mini excavators market size 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 mini excavators market, accounting for more than one-third share of the total revenue by the end-user industry.

The mini excavators are compact and robust construction equipment, which have significant scope of application across different end-users. Further, 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 players during the forecast period. In addition, the significant number of ongoing construction and infrastructure development projects is also projected to fuel the demand for the mini excavators market throughout the forecast period.

The mini excavators find applications across different end-users, owing to the wide scope of applications in activities, such as landscaping, demolishing, picking, excavating, and others. As a result, the construction industry accounted for a significant share in terms of revenue in the global mini excavators market. However, rising inclination towards original equipment manufacturers (OEMs) and specialized construction equipment is expected to witness more attractive CAGR growth rate of 5.0% during the forecast period.

By region, the Asia-Pacific region accounted for the major market share in the global market, owing to rapid urbanization and infrastructure development projects in the region. 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. Also, Europe and North America together accounted for more than half of the mini excavators, owing to popularity of compact and robust construction equipment.

Key Findings of the Mini Excavators Market:

In terms of market share, the construction industry generated the maximum revenue in 2017 and is expected to grow at a CAGR of 3.20% during the forecast period.
The Asia-Pacific region is anticipated to grow at a CAGR of 3.37% from 2018 to 2025 and reach $3.37 billion by 2025.
The North America region accounted for almost one-fourth of the market share in 2017 and is expected to reach $1.91 billion by 2025 registering a CAGR of 2.2% from 2018 to 2025.

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 profiled in the report 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.
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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