Market Overview:
The global compact excavator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for compact excavators in construction, mining, and agriculture applications across the globe. Additionally, factors such as rising disposable income and rapid industrialization are also contributing to the growth of this market. However, volatility in raw material prices may restrain the growth of this market during the forecast period.
 Excavator Industry Outlook.svg)
Product Definition:
A Compact (Mini) Excavator is a construction vehicle that is used for digging and moving earth. It has a small footprint, which allows it to be used in tight spaces. The importance of Compact (Mini) Excavators is that they are able to work in confined spaces where larger excavators cannot fit, making them ideal for small-scale construction projects.
Below 3Tons:
Below 3Tons is the weight of total equipment (tractor, loaders, backhoe) used in construction and mining applications. It's important to understand that there are different types of below 3ton excavators such as compact excavators and mini excavators. Mini Excavator has a capacity between 0-3 tons which makes it an essential tool for small scale excavation work in residential places or for digging holes at farms.
3~6Tons:
3 to 6 tons refers to the weight of the machine, which can be lifted by a single person with ease. It is commonly used for small excavators such as compact excavators and mini excavators. Compact (mini) Excavator market size was valued at USD 5,60 billion in 2016 and is expected to grow at a CAGR of XX% from 2017 - 2022.
Application Insights:
The construction application segment led the global compact (mini) excavator market in 2017 and is projected to witness significant growth over the forecast period. The rising demand for construction equipment is attributed to increasing infrastructure development across the globe. Compact excavators are widely used in civil engineering, road building, railway laying and other construction activities as they offer high power-to-weight ratio, high stability, excellent maneuverability and maximum productivity at minimum cost.
The agriculture application segment accounted for a share of 15% in 2017 owing to increased use of mini Excavators for agricultural purposes such as land reclamation & drainage work along with soil preparation & compaction operations on small farms & ranches where space is limited.
Regional Analysis:
Asia Pacific dominated the global compact excavator market in 2016 with a revenue share of over 38%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing construction activities, coupled with rapid urbanization and industrialization in emerging economies such as China and India. Furthermore, rising demand for public infrastructure such as airports and sports stadiums is also anticipated to drive product demand across Asia Pacific.
The North American regional market captured a revenue share of more than 20% in 2016 owing to increased focus on infrastructural development by local governments coupled with growing mining activities across U.S.
In Europe, stringent government regulations regarding safety standards at work place have resulted into high adoption rate of these machines particularly in countries like Germany, UK.
Growth Factors:
- Increasing demand for mini excavators in the construction and infrastructure sectors due to their versatility and compact size.
- Rising demand for mini excavators from small-scale contractors and residential developers due to their lower cost and easy maneuverability.
- Growing popularity of mini excavators among DIY enthusiasts for landscaping, gardening, and home improvement projects.
- Increasing use of mini excavators in municipal applications such as sewer line maintenance, street repair, and snow removal operations.
- Proliferation of rental companies offering mini excavator rentals as an alternative to purchasing them outright
Scope Of The Report
Report Attributes
Report Details
Report Title
Compact (Mini) Excavator Market Research Report
By Type
Below 3Tons, 3~6Tons, Above 6Tons
By Application
Construction, Mining, Agriculture, Others
By Companies
Caterpillar, Komatsu, Doosan, Volvo, Hyundai, Hitachi, Kobelco, Sumitomo, John Deere, Case Construction, Kubota, JCB, SANY, Zoomlion, Liugong Machinery
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Compact (Mini) Excavator Market Report Segments:
The global Compact (Mini) Excavator market is segmented on the basis of:
Types
Below 3Tons, 3~6Tons, Above 6Tons
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Mining, Agriculture, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Caterpillar
- Komatsu
- Doosan
- Volvo
- Hyundai
- Hitachi
- Kobelco
- Sumitomo
- John Deere
- Case Construction
- Kubota
- JCB
- SANY
- Zoomlion
- Liugong Machinery
 Excavator Market Overview.svg)
Highlights of The Compact (Mini) Excavator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 3Tons
- 3~6Tons
- Above 6Tons
- By Application:
- Construction
- Mining
- Agriculture
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Compact (Mini) Excavator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Excavator Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Compact (Mini) Excavator is a small, lightweight machine that is used for excavation and trenching. They are typically used in construction, mining, and other industrial applications.
Some of the major companies in the compact (mini) excavator market are Caterpillar, Komatsu, Doosan, Volvo, Hyundai, Hitachi, Kobelco, Sumitomo, John Deere, Case Construction, Kubota, JCB, SANY, Zoomlion, Liugong Machinery.
The compact (mini) excavator market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Compact (Mini) Excavator Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Compact (Mini) Excavator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Compact (Mini) Excavator Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Compact (Mini) Excavator Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Compact (Mini) Excavator Market Size & Forecast, 2018-2028
4.5.1 Compact (Mini) Excavator Market Size and Y-o-Y Growth
4.5.2 Compact (Mini) Excavator Market Absolute $ Opportunity
Chapter 5 Global Compact (Mini) Excavator Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Compact (Mini) Excavator Market Size Forecast by Type
5.2.1 Below 3Tons
5.2.2 3~6Tons
5.2.3 Above 6Tons
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Compact (Mini) Excavator Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Compact (Mini) Excavator Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Mining
6.2.3 Agriculture
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Compact (Mini) Excavator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Compact (Mini) Excavator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Compact (Mini) Excavator Analysis and Forecast
9.1 Introduction
9.2 North America Compact (Mini) Excavator Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Compact (Mini) Excavator Market Size Forecast by Type
9.6.1 Below 3Tons
9.6.2 3~6Tons
9.6.3 Above 6Tons
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Compact (Mini) Excavator Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Mining
9.10.3 Agriculture
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Compact (Mini) Excavator Analysis and Forecast
10.1 Introduction
10.2 Europe Compact (Mini) Excavator Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Compact (Mini) Excavator Market Size Forecast by Type
10.6.1 Below 3Tons
10.6.2 3~6Tons
10.6.3 Above 6Tons
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Compact (Mini) Excavator Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Mining
10.10.3 Agriculture
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Compact (Mini) Excavator Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Compact (Mini) Excavator Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Compact (Mini) Excavator Market Size Forecast by Type
11.6.1 Below 3Tons
11.6.2 3~6Tons
11.6.3 Above 6Tons
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Compact (Mini) Excavator Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Mining
11.10.3 Agriculture
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Compact (Mini) Excavator Analysis and Forecast
12.1 Introduction
12.2 Latin America Compact (Mini) Excavator Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Compact (Mini) Excavator Market Size Forecast by Type
12.6.1 Below 3Tons
12.6.2 3~6Tons
12.6.3 Above 6Tons
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Compact (Mini) Excavator Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Mining
12.10.3 Agriculture
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Compact (Mini) Excavator Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Compact (Mini) Excavator Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Compact (Mini) Excavator Market Size Forecast by Type
13.6.1 Below 3Tons
13.6.2 3~6Tons
13.6.3 Above 6Tons
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Compact (Mini) Excavator Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Mining
13.10.3 Agriculture
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Compact (Mini) Excavator Market: Competitive Dashboard
14.2 Global Compact (Mini) Excavator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caterpillar
14.3.2 Komatsu
14.3.3 Doosan
14.3.4 Volvo
14.3.5 Hyundai
14.3.6 Hitachi
14.3.7 Kobelco
14.3.8 Sumitomo
14.3.9 John Deere
14.3.10 Case Construction
14.3.11 Kubota
14.3.12 JCB
14.3.13 SANY
14.3.14 Zoomlion
14.3.15 Liugong Machinery
