Global Compact Construction Equipment Market Growth 2023-2029

Global Compact Construction Equipment Market Growth 2023-2029

Product Code:450455

Published Date: Feb 08,2023

Pages: 118

Region: Global

Category: Machinery & Equipment

PDF DOWNLOAD

GET FREE SAMPLE

CUSTOMIZE REQUEST

PDF DOWNLOAD

GET FREE SAMPLE

CUSTOMIZE REQUEST

SELECT A FORMAT

ADD TO BASKET

BUY NOW

Provide comprehensive and accurate analysis and reports according to your exact requirements

Provide comprehensive and accurate analysis and reports according to your exact requirements

CONTACT US

Compact construction equipment is an emerging term used in the construction equipment industry, which refers to small units are designed to work on small commercial and residential sites. The major utility factor of compact construction equipment is their versatility and ability to perform tasks that were previously undertaken by heavy machinery.

The main advantages of compact construction equipment are that they are low cost, light weight, and easy to transport and operate. However, there is no industry standard to specify any requirements to be met for equipment to be categorised as compact construction equipment. Categorisation is more dependent on the type of application performed in a particular sector. Generally, Mini Excavators, Compact Wheel Loaders, Multi Terrain Loaders, Compact Track Loaders and Skid Steer Loader are classified under compact construction equipment.

LPI (LP Information)' newest research report, the “Compact Construction Equipment Industry Forecast” looks at past sales and reviews total world Compact Construction Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Compact Construction Equipment sales for 2023 through 2029. With Compact Construction Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Compact Construction Equipment industry.

This Insight Report provides a comprehensive analysis of the global Compact Construction Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Compact Construction Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Compact Construction Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Compact Construction Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Compact Construction Equipment.

The global Compact Construction Equipment market size is projected to grow from US$ 15880 million in 2022 to US$ 31060 million in 2029; it is expected to grow at a CAGR of 31060 from 2023 to 2029.

Global Compact Construction Equipment key players include Caterpillar, Sany, Takeuchi, John Deere, Wacker Neuson SE, etc. Global top five manufacturers hold a share over 35%.

Asia-Pacific is the largest market, with a share nearly 60%, followed by Europe, and North America, both have a share about 30 percent. 
In terms of product, Mini Excavators is the largest segment, with a share over 40%. And in terms of application, the largest application is Construction, followed by Agriculture, Mining, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Compact Construction Equipment market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Mini Excavators
    Compact Wheel Loaders
    Compact Track Loaders
    Skid Steer Loaders
    Others

Segmentation by application
    Construction
    Mining
    Agriculture
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Caterpillar
    John Deere
    Takeuchi
    Wacker Neuson SE
    Kubota
    CNH Industrial
    Sany
    JCB
    Komatsu
    Volvo
    Ditch Witch
    Manitou
    Hitachi
    ASV
    XCMG

Key Questions Addressed in this Report
What is the 10-year outlook for the global Compact Construction Equipment market?
What factors are driving Compact Construction Equipment market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Compact Construction Equipment market opportunities vary by end market size?
How does Compact Construction Equipment break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?