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Mini Excavators Market By Type, By Operating Weight, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 212 Pages
  • May 2022
  • Region: Global
  • Allied Market Research
  • ID: 5214933
Description Jump to:
The global mini excavator market size was valued at $ 6,550.50 million in 2020, and is projected to reach $ 10,243.30 million by 2030, registering a CAGR of 4.4% % from 2021 to 2030.

Mini excavator is construction equipment that provides assistance in performing the tasks of excavating, landscaping, and picking & placing, across construction, mining, and industrial sites. This equipment is compact and has robust performance, and is available in relatively low power ratings compared to heavy excavators. In addition, availability of advanced engines and superior power capabilities has led to use of mini excavators, which can perform optimally in small and narrow spaces. Moreover, mini excavators are track mounted and wheel mounted, providing it a greater maneuverability.

Rise in popularity of robust and compact construction equipment is the major factor that drives growth of the mini excavator market. In addition, versatile benefits associated with mini excavators such as durability, small size, alternative to heavy construction equipment, and superior maneuverability are anticipated to fuel the demand for mini excavators during the forecast period. In addition, major players are focused on developing fully electric mini excavators for agricultural, landscaping & construction, and other applications, which, in turn, is anticipated to propel growth in the mini excavators market. For instance, in December 2020, AB Volvo launched ‘VOLVO ECR25 ELECTRIC’. Further, significant number of ongoing construction and infrastructure development projects, especially in Asia-Pacific and LAMEA are expected to drive growth in the mini excavators market during the forecast period.

The mini excavator market is segmented on the basis of type, size, end user, and region. By type, the market is categorized into wheeled and tracked mini excavator. On the basis of size, it is categorized into less than 4 tons and 4 tons to 10 tons. On the basis on end user, the market is categorized into landscaping & construction and agriculture. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major players that operate in the global market have adopted key strategies such as product launch, product development, and business expansion to strengthen their market outreach and sustain the stiff competition in the market

Competition Analysis


Key companies profiled in the mini excavator market report include AB Volvo, Caterpillar, Inc., Doosan Infracore Co. Ltd, 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 report provides an extensive analysis of the current and emerging mini excavator market trends and dynamics.
  • In-depth market analysis is conducted by constructing market estimations for the key Market Segment between 2020 and 2030.
  • Extensive analysis of the mini excavator market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
  • The global mini excavator market forecast analysis from 2021 to 2030 is included in the report.
  • The key market players within mini excavator market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the mini excavator industry.

Key Market Segments


By Type

  • Wheeled
  • Track

By Operating Weight

  • Less than 4 tons
  • 4 tons to 10 tons

By End User

  • Landscaping and Construction
  • Agriculture

By Region

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

Key Market Players

  • AB Volvo
  • Caterpillar Inc.
  • Doosan Infracore Co. Ltd.
  • Deere & Company
  • Hitachi, Ltd.
  • Hyundai Construction Equipment Co. Ltd.
  • J C Bamford Excavators Ltd.
  • Kobe Steel, Ltd.
  • Komatsu Ltd.
  • Takeuchi Mfg. Co., Ltd.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
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. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: MINI EXCAVATORS MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Wheeled
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 Track
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
CHAPTER 5: MINI EXCAVATORS MARKET, BY OPERATING WEIGHT
5.1 Overview
5.1.1 Market size and forecast
5.2 Less than 4 tons
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 4 tons to 10 tons
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: MINI EXCAVATORS MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Landscaping and Construction
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Agriculture
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
CHAPTER 7: MINI EXCAVATORS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.3 North America Market size and forecast, by Operating Weight
7.2.4 North America Market size and forecast, by End User
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Type
7.2.5.1.2 Market size and forecast, by Operating Weight
7.2.5.1.3 Market size and forecast, by End User
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Type
7.2.5.2.2 Market size and forecast, by Operating Weight
7.2.5.2.3 Market size and forecast, by End User
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Type
7.2.5.3.2 Market size and forecast, by Operating Weight
7.2.5.3.3 Market size and forecast, by End User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.3 Europe Market size and forecast, by Operating Weight
7.3.4 Europe Market size and forecast, by End User
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Type
7.3.5.1.2 Market size and forecast, by Operating Weight
7.3.5.1.3 Market size and forecast, by End User
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Type
7.3.5.2.2 Market size and forecast, by Operating Weight
7.3.5.2.3 Market size and forecast, by End User
7.3.5.3 U.K.
7.3.5.3.1 Market size and forecast, by Type
7.3.5.3.2 Market size and forecast, by Operating Weight
7.3.5.3.3 Market size and forecast, by End User
7.3.5.4 Russia
7.3.5.4.1 Market size and forecast, by Type
7.3.5.4.2 Market size and forecast, by Operating Weight
7.3.5.4.3 Market size and forecast, by End User
7.3.5.5 Rest of Europe
7.3.5.5.1 Market size and forecast, by Type
7.3.5.5.2 Market size and forecast, by Operating Weight
7.3.5.5.3 Market size and forecast, by End User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.3 Asia-Pacific Market size and forecast, by Operating Weight
7.4.4 Asia-Pacific Market size and forecast, by End User
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 India
7.4.5.1.1 Market size and forecast, by Type
7.4.5.1.2 Market size and forecast, by Operating Weight
7.4.5.1.3 Market size and forecast, by End User
7.4.5.2 China
7.4.5.2.1 Market size and forecast, by Type
7.4.5.2.2 Market size and forecast, by Operating Weight
7.4.5.2.3 Market size and forecast, by End User
7.4.5.3 Japan
7.4.5.3.1 Market size and forecast, by Type
7.4.5.3.2 Market size and forecast, by Operating Weight
7.4.5.3.3 Market size and forecast, by End User
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Type
7.4.5.4.2 Market size and forecast, by Operating Weight
7.4.5.4.3 Market size and forecast, by End User
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Market size and forecast, by Type
7.4.5.5.2 Market size and forecast, by Operating Weight
7.4.5.5.3 Market size and forecast, by End User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.3 LAMEA Market size and forecast, by Operating Weight
7.5.4 LAMEA Market size and forecast, by End User
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Type
7.5.5.1.2 Market size and forecast, by Operating Weight
7.5.5.1.3 Market size and forecast, by End User
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Type
7.5.5.2.2 Market size and forecast, by Operating Weight
7.5.5.2.3 Market size and forecast, by End User
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Type
7.5.5.3.2 Market size and forecast, by Operating Weight
7.5.5.3.3 Market size and forecast, by End User
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 AB Volvo
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Caterpillar Inc.
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Doosan Infracore Co. Ltd.
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Deere & Company
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Hitachi, Ltd.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Hyundai Construction Equipment Co. Ltd.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 J C Bamford Excavators Ltd.
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Kobe Steel, Ltd.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Komatsu Ltd.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Takeuchi Mfg. Co., Ltd.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 2. Mini Excavators Market Revenue, for Wheeled, by Region, 2020-2030, ($Million)
Table 3. Mini Excavators Market for Wheeled by Country, 2020-2030, ($Million)
Table 4. Mini Excavators Market Revenue, for Track, by Region, 2020-2030, ($Million)
Table 5. Mini Excavators Market for Track by Country, 2020-2030, ($Million)
Table 6. Global Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 7. Mini Excavators Market Revenue, for Less Than 4 Tons, by Region, 2020-2030, ($Million)
Table 8. Mini Excavators Market for Less Than 4 Tons by Country, 2020-2030, ($Million)
Table 9. Mini Excavators Market Revenue, for 4 Tons to 10 Tons, by Region, 2020-2030, ($Million)
Table 10. Mini Excavators Market for 4 Tons to 10 Tons by Country, 2020-2030, ($Million)
Table 11. Global Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 12. Mini Excavators Market Revenue, for Landscaping and Construction, by Region, 2020-2030, ($Million)
Table 13. Mini Excavators Market for Landscaping and Construction by Country, 2020-2030, ($Million)
Table 14. Mini Excavators Market Revenue, for Agriculture, by Region, 2020-2030, ($Million)
Table 15. Mini Excavators Market for Agriculture by Country, 2020-2030, ($Million)
Table 16. Mini Excavators Market, by Region, 2020-2030, ($Million)
Table 17. North America Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 18. North America Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 19. North America Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 20. North America Mini Excavators Market, by Country, 2020-2030, ($Million)
Table 21. U.S. Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 22. U.S. Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 23. U.S. Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 24. Canada Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 25. Canada Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 26. Canada Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 27. Mexico Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 28. Mexico Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 29. Mexico Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 30. Europe Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 31. Europe Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 32. Europe Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 33. Europe Mini Excavators Market, by Country, 2020-2030, ($Million)
Table 34. Germany Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 35. Germany Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 36. Germany Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 37. France Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 38. France Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 39. France Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 40. U.K. Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 41. U.K. Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 42. U.K. Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 43. Russia Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 44. Russia Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 45. Russia Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 46. Rest of Europe Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 47. Rest of Europe Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 48. Rest of Europe Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 49. Asia-Pacific Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 50. Asia-Pacific Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 51. Asia-Pacific Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 52. Asia-Pacific Mini Excavators Market, by Country, 2020-2030, ($Million)
Table 53. India Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 54. India Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 55. India Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 56. China Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 57. China Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 58. China Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 59. Japan Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 60. Japan Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 61. Japan Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 62. South Korea Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 63. South Korea Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 64. South Korea Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 65. Rest of Asia-Pacific Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 66. Rest of Asia-Pacific Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 67. Rest of Asia-Pacific Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 68. LAMEA Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 69. LAMEA Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 70. LAMEA Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 71. LAMEA Mini Excavators Market, by Country, 2020-2030, ($Million)
Table 72. Latin America Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 73. Latin America Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 74. Latin America Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 75. Middle East Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 76. Middle East Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 77. Middle East Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 78. Africa Mini Excavators Market, by Type, 2020-2030, ($Million)
Table 79. Africa Mini Excavators Market, by Operating Weight, 2020-2030, ($Million)
Table 80. Africa Mini Excavators Market, by End-user, 2020-2030, ($Million)
Table 81. Ab Volvo: Company Snapshot
Table 82. Ab Volvo: Operating Segments
Table 83. Ab Volvo: Product Portfolio
Table 84. Ab Volvo: Net Sales
Table 85. Ab Volvo: Key Stratergies
Table 86. Caterpillar Inc.: Company Snapshot
Table 87. Caterpillar Inc.: Operating Segments
Table 88. Caterpillar Inc.: Product Portfolio
Table 89. Caterpillar Inc.: Net Sales
Table 90. Caterpillar Inc.: Key Stratergies
Table 91. Doosan Infracore Co. Ltd.: Company Snapshot
Table 92. Doosan Infracore Co. Ltd.: Operating Segments
Table 93. Doosan Infracore Co. Ltd.: Product Portfolio
Table 94. Doosan Infracore Co. Ltd.: Net Sales
Table 95. Doosan Infracore Co. Ltd.: Key Stratergies
Table 96. Deere & Company: Company Snapshot
Table 97. Deere & Company: Operating Segments
Table 98. Deere & Company: Product Portfolio
Table 99. Deere & Company: Net Sales
Table 100. Deere & Company: Key Stratergies
Table 101. Hitachi, Ltd.: Company Snapshot
Table 102. Hitachi, Ltd.: Operating Segments
Table 103. Hitachi, Ltd.: Product Portfolio
Table 104. Hitachi, Ltd.: Net Sales
Table 105. Hitachi, Ltd.: Key Stratergies
Table 106. Hyundai Construction Equipment Co. Ltd.: Company Snapshot
Table 107. Hyundai Construction Equipment Co. Ltd.: Operating Segments
Table 108. Hyundai Construction Equipment Co. Ltd.: Product Portfolio
Table 109. Hyundai Construction Equipment Co. Ltd.: Net Sales
Table 110. Hyundai Construction Equipment Co. Ltd.: Key Stratergies
Table 111. J C Bamford Excavators Ltd.: Company Snapshot
Table 112. J C Bamford Excavators Ltd.: Operating Segments
Table 113. J C Bamford Excavators Ltd.: Product Portfolio
Table 114. J C Bamford Excavators Ltd.: Net Sales
Table 115. J C Bamford Excavators Ltd.: Key Stratergies
Table 116. Kobe Steel, Ltd.: Company Snapshot
Table 117. Kobe Steel, Ltd.: Operating Segments
Table 118. Kobe Steel, Ltd.: Product Portfolio
Table 119. Kobe Steel, Ltd.: Net Sales
Table 120. Kobe Steel, Ltd.: Key Stratergies
Table 121. Komatsu Ltd.: Company Snapshot
Table 122. Komatsu Ltd.: Operating Segments
Table 123. Komatsu Ltd.: Product Portfolio
Table 124. Komatsu Ltd.: Net Sales
Table 125. Komatsu Ltd.: Key Stratergies
Table 126. Takeuchi Mfg. Co., Ltd.: Company Snapshot
Table 127. Takeuchi Mfg. Co., Ltd.: Operating Segments
Table 128. Takeuchi Mfg. Co., Ltd.: Product Portfolio
Table 129. Takeuchi Mfg. Co., Ltd.: Net Sales
Table 130. Takeuchi Mfg. Co., Ltd.: Key Stratergies
LIST OF FIGURES
Figure 1. Mini Excavators Market Segmentation
Figure 2. Mini Excavators Market, 2020-2030
Figure 3. Mini Excavators Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Mini Excavators Market:Drivers, Restraints and Opportunities
Figure 12. Mini Excavators Market, by Type, 2020 (%)
Figure 13. Comparative Share Analysis of Wheeled Mini Excavators Market, 2020-2030 (%)
Figure 14. Comparative Share Analysis of Track Mini Excavators Market, 2020-2030 (%)
Figure 15. Mini Excavators Market, by Operating Weight, 2020 (%)
Figure 16. Comparative Share Analysis of Less Than 4 Tons Mini Excavators Market, 2020-2030 (%)
Figure 17. Comparative Share Analysis of 4 Tons to 10 Tons Mini Excavators Market, 2020-2030 (%)
Figure 18. Mini Excavators Market, by End-user, 2020 (%)
Figure 19. Comparative Share Analysis of Landscaping and Construction Mini Excavators Market, 2020-2030 (%)
Figure 20. Comparative Share Analysis of Agriculture Mini Excavators Market, 2020-2030 (%)
Figure 21. Mini Excavators Market by Region, 2020
Figure 22. U.S. Mini Excavators Market, 2020-2030 ($Million)
Figure 23. Canada Mini Excavators Market, 2020-2030 ($Million)
Figure 24. Mexico Mini Excavators Market, 2020-2030 ($Million)
Figure 25. Germany Mini Excavators Market, 2020-2030 ($Million)
Figure 26. France Mini Excavators Market, 2020-2030 ($Million)
Figure 27. U.K. Mini Excavators Market, 2020-2030 ($Million)
Figure 28. Russia Mini Excavators Market, 2020-2030 ($Million)
Figure 29. Rest of Europe Mini Excavators Market, 2020-2030 ($Million)
Figure 30. India Mini Excavators Market, 2020-2030 ($Million)
Figure 31. China Mini Excavators Market, 2020-2030 ($Million)
Figure 32. Japan Mini Excavators Market, 2020-2030 ($Million)
Figure 33. South Korea Mini Excavators Market, 2020-2030 ($Million)
Figure 34. Rest of Asia-Pacific Mini Excavators Market, 2020-2030 ($Million)
Figure 35. Latin America Mini Excavators Market, 2020-2030 ($Million)
Figure 36. Middle East Mini Excavators Market, 2020-2030 ($Million)
Figure 37. Africa Mini Excavators Market, 2020-2030 ($Million)
Figure 38. Top Winning Strategies, by Year
Figure 39. Top Winning Strategies, by Development
Figure 40. Top Winning Strategies, by Company
Figure 41. Product Mapping of Top 10 Players
Figure 42. Competitive Dashboard
Figure 43. Competitive Heatmap of Top 10 Key Players
Figure 44. Ab Volvo.: Net Sales, ($Million)
Figure 45. Caterpillar Inc. Net Sales, ($Million)
Figure 46. Doosan Infracore Co. Ltd. Net Sales, ($Million)
Figure 47. Deere & Company.: Net Sales, ($Million)
Figure 48. Hitachi, Ltd. Net Sales, ($Million)
Figure 49. Hyundai Construction Equipment Co. Ltd. Net Sales, ($Million)
Figure 50. J C Bamford Excavators Ltd. Net Sales, ($Million)
Figure 51. Kobe Steel, Ltd. Net Sales, ($Million)
Figure 52. Komatsu Ltd. Net Sales, ($Million)
Figure 53. Takeuchi Mfg. Co. Ltd. Net Sales, ($Million)

Executive Summary

According to this report titled, 'Mini Excavators Market,' the mini excavators market size was valued at $6.6 billion in 2020, and is estimated to reach $10.2 billion by 2030, growing at a CAGR of 4.4% from 2021 to 2030.

Commonly observed types of mini excavator are wheeled and tracked mini excavators. Among these, the tracked segment held major revenue of the global mini excavators’ market in 2020, and is anticipated to continue this trend during the forecast period. The market is analyzed with respect to different industrial end-users such as landscaping & construction and agriculture, and by size based on less than 4 tons and 4 tons to 10 tons.The market is mainly driven by rise in construction activities and development of mini excavator that are easy to handle and have low operating & maintenance cost. However, high maintenance cost hinders the mini excavators market growth.
In 2020, Asia Pacific dominated the global mini excavators market share, in terms of revenue, followed by North America and Europe. Moreover, the market in Asia-Pacific has grown with high CAGR owing to growth in use of mini excavator for infrastructure development and building construction activities.

The advancements in battery powered mini excavator have significantly increased the usability of mini excavators owing to ease of usability and lower maintenance costs. The battery powered mini excavators are developed to comply with the environment regulations established by the governments across the world. In addition, factor such as incorporating latest technologies that enable a mini excavator to be less polluting while as productive as before, is anticipated to grow the demand in mini excavators market.

Furthermore, on the basis of end users, the construction segment is anticipated to grow rapidly, during the forecast period, owing to increased investments in this sector.

For instance, in October 2020, Kobelco Construction Machinery Europe B.V (KCME) relaunched SK45SRX-6E and SK55SRX-6E mini excavators with stage v emissions compliance. Both of these mini excavators feature iNDr (integrated Noise & Dust reduction) technology. This technology of dust filtration, combined with exceptional engine cooling, promotes environmental wellbeing and reduces engine noise output to a new level.

However, during the pandemic lockdown, various manufacturers in the mini excavators industry had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of mini excavator manufacturing companies. In addition, lack of manpower and raw materials constricted supply of components; and has negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of mini excavator companies.

Key companies profiled in the mini excavators market report include AB Volvo, Caterpillar, Inc., Doosan Infracore Co. Ltd., 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 findings of the Study

  • The report provides an extensive mini excavators market analysis of the current and emerging mini excavator market trends and dynamics.
  • Depending on type, the tracked mini excavators dominated the mini excavator market, in terms of revenue in 2020 and it is projected to grow at a significant CAGR during the forecast period.
  • By end user, landscaping & construction segment registered highest revenue in 2020.
  • Asia-Pacific is anticipated to hold a majority share throughout mini excavators market forecast period.
The key players within the mini excavators market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the mini excavator industry.

The report provides an extensive analysis of the current trends and emerging opportunities of the market.
In-depth mini excavators market trends analysis is conducted by constructing estimations for the key segments between 2021 and 2030.

Companies Mentioned

  • AB Volvo
  • Caterpillar Inc.
  • Doosan Infracore Co. Ltd.
  • Deere & Company
  • Hitachi, Ltd.
  • Hyundai Construction Equipment Co. Ltd.
  • J C Bamford Excavators Ltd.
  • Kobe Steel, Ltd.
  • Komatsu Ltd.
  • Takeuchi Mfg. Co., Ltd.

Methodology

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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Table Information

Report AttributeDetails
No. of Pages212
PublishedMay 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 6550.5 million
Forecasted Market Value ( USD ) by 2030 $ 10243.3 million
Compound Annual Growth Rate4.6%
Regions CoveredGlobal
No. of Companies Mentioned10

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