Compact Excavator Market to expand at a 2.7% CAGR in terms of volume during the forecast period, 2017-2026

About Compact Excavators market

With uncontrolled population growth, physical spaces have become more confined, and carrying out the digging operations is becoming difficult. Compact excavators have emerged as a key automotive vehicle that can help in excavation of soil and other earthen materials in cramped up spaces. With the trend of miniaturization influencing the global automotive sector, companies are actively partaking in the production of compact excavators. While the conventional excavators have been struggling to reach the narrowed spots between buildings and tight spaces, compact excavators are being predominantly used in such digging purposes.

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global compact excavator market
Manufacturers of compact excavators are witnessing a considerable rise in demand from individuals as well as local construction companies. New compact excavators entering the market are being designed to meet the earth-moving requirements of the future. The comfort of operating compact excavators is further driving the working professionals in the construction industry towards them. Moreover, the function of changing the attachments on the compact excavators is enabling the process of high-level excavations. Large construction companies are replacing the conventional heavy duty excavators with compact excavators to reap high profit margins from low fuel consumption and lesser carbon emission. Better maneuverability, reduced noise emission, and operational ease are a few other factors driving the demand for compact excavators in the global construction industry.

According to a recently published report by Fact.MR, the global market for compact excavators is likely to expand at a 2.7% CAGR in terms of volume during the forecast period, 2017-2026. The report further projects that by the end of 2026, over 173.6 Bn units of compact excavators will be sold across the globe. The report further reveals that the Asia-Pacific excluding Japan (APEJ) region will represent the largest market for compact excavators through 2026.

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Construction to Represent Largest End-use Vertical for Compact Excavators

The report has analyzed the global compact excavators market on the basis of their end-use across industrial verticals. The findings reveal that nearly three-fourth share of compact excavators sold in the global market will be used in construction sector. The demand for compact excavators in mining sector is also expected to gain traction towards the latter half of the forecast period. With respect to the operating weights, higher end-use in construction sector will be driving the demand for compact excavators with 4000-10000 lbs. capacity. By the end of 2026, over 80 Bn compact excavators with 4000-10000 lbs. operating weight capacity are expected to be sold globally.

Demand for Electric Compact Excavators to Gain Traction by 2026-end

The report has also projected that tail swing compact excavators will be a top-selling product in the global market throughout the forecast period. On the other hand, zero tail swing compact excavators are expected to register a relatively high CAGR of 2.8% in terms of volume. On the basis of motor-type analysis, the demand for compact excavators with electric motors will surge in the latter half of the forecast period. Diesel compact excavators are expected to register largest revenue share of nearly 90% in the global compact excavators market through 2026.

Competition Tracking

The report has profiled leading players in the global compact excavators market. Companies namely, Hitachi Construction Machinery, Caterpillar, Deere & Company, Volvo Construction Equip., Komatsu, Yanmar Holdings Co. Ltd., Doosan Bobcat, Inc., Kubota Corp., JCB, Inc., Nagano Industry Co., Ltd., Case Construction Equipment, KATO Works, Kobelco Construction Machinery U.S.A Inc., Çukurova Ziraat, Bharat Earth Movers, Sany Group, guangxi LiuGong Machinery, Terex, Zoomlion Heavy Industry Science and Technology, and XCMG are observed as the leading manufacturers of compact excavators in the global market. Over the forecast period, most of these players are expected to expand their businesses on the back of product development by integrating advanced excavation technologies and equipment in the vehicles.

Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

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Table of Contents

1. Global Economic Outlook
2. Global Compact Excavators Market - Executive Summary
3. Global Compact Excavators Market Overview
3.1. Introduction
3.1.1. Global Compact Excavators Market Taxonomy
3.1.2. Global Compact Excavators Market Definition
3.2. Global Compact Excavators Market Size (US$ Mn) & (Units) and Forecast, 2012-2026
3.2.1. Global Compact Excavators Market Y-o-Y Growth
3.3. Global Compact Excavators Market Dynamics
3.4. Supply Chain
3.5. Cost Structure
3.6. Pricing Analysis
3.7. Raw Material Sourcing Strategy and Analysis
3.8. Service Provider List
3.9. Key Participants Market Presence (Intensity Map) By Region

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This release was published on openPR.