COMPACT CONSTRUCTION EQUIPMENT MARKET was valued at USD 4.31 Billion in the year 2018. Global Compact Construction Equipment Market is further estimated to grow at a CAGR of 5.08% from 2019 to reach USD 5.80 Billion by the year 2025.
North America region holds the highest market share in 2018 and Europe market is considered as the fastest growing market in the forecasted period due to growing demand for recycling products and technological advancements. At a country level, the U.S. & Canada is projected to grow strongly in the coming years.
AB Volvo (Sweden), Hyundai Heavy Industries Co. LTD. (South Korea), Caterpillar, Inc. (U.S), Deere & Company (U.S), Komatsu Ltd., J C Bamford Excavators Ltd., Manitou BF and S.A. (Mustang) are some of the key players in the Global Compact Construction Equipment market. Better global reach at an operational level is the main reason the key players are holding substantial market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
Light weight and easy to transport and operate
Benefits associated with using compact equipment?s
Lack of skilled operators
Stringent regulations & fluctuating fuel prices
Highly growing Investment in infrastructure projects globally
Innovation in technology
Low entry barriers
Lack of structure
The segmentation is done on the basis of equipment Type, by end user industry, by application, and by region. On the basis of equipment type, the global Compact Construction Equipment market is sub segmented as backhoe loaders, excavators, skid steer loaders, track loaders, telehandlers and others of which the backhoe loaders segment is expected to hold the highest CAGR during the forecast period.
The segmentation done on the basis of end use industry includes metals & mining, construction, agriculture and others of which construction segment is expected to hold the highest market share among other types of end use industry. On the basis of application the market is segmented as loading, excavation, material handling, lifting & hosting and others of which loading as an application is expected to grow at the highest Market share during the forecasted period.
Key Benefits for Stakeholders
Compact Construction Equipment Manufacturers, Distributors and Retailers
Raw material suppliers
Construction & building firms
Research and Consulting Organization
Technology Standards Organizations, Forums, Alliances and Associations
Skid Steer Loaders
By End User Industry
Metals & Mining
Lifting & Hosting
Key Market Players
Hyundai Heavy Industries Co. LTD.
Deere & Company
J C Bamford Excavators Ltd.
Manitou BF, S.A. (Mustang)
(A brief overview of 15 companies is also provided)
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