Mini Excavators Market Expected to Reach $9.77 Billion by 2025

According to a new report published by Allied Market Research titled, Mini Excavators Market by End-user Industry: Global Opportunity Analysis and Industry Forecast, 2018-2025," the mini excavators market size was valued at $7.23 billion in 2017 and is expected to reach $9.77 billion by 2025, registering a CAGR of 4.4% from 2018 to 2025. The construction segment dominated the mini excavators market, accounting for more than one-third share of the total revenue by the end-user industry.

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The mini excavators are compact and robust construction equipment, which have significant scope of application across different end-users. Further, the advancement of technology and engineering capabilities has increased their performance and has provided alternatives to heavier construction equipment. Moreover, the growing popularity of compact construction equipment is expected to provide profitable business opportunities for the market players during the forecast period. In addition, the significant number of ongoing construction and infrastructure development projects is also projected to fuel the demand for the mini excavators market throughout the forecast period.

The mini excavators find applications across different end-users, owing to the wide scope of applications in activities, such as landscaping, demolishing, picking, excavating, and others. As a result, the construction industry accounted for a significant share in terms of revenue in the global mini excavators market. However, rising inclination towards original equipment manufacturers (OEMs) and specialized construction equipment is expected to witness more attractive CAGR growth rate of 5.0% during the forecast period.

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By region, the Asia-Pacific region accounted for the major market share in the global market, owing to rapid urbanization and infrastructure development projects in the region. As a result, the Asia-Pacific region is expected to maintain its leading market share during the forecast period with a growth rate of 4.9% from 2018 to 2015. Also, Europe and North America together accounted for more than half of the mini excavators, owing to popularity of compact and robust construction equipment.

The major players in the global mini excavators market have been focusing on new product development and business expansion strategies to gain a strong foothold in the market. The key players profiled in the report include AB Volvo, Caterpillar, Inc., ukurova Ziraat, Deere & Company, Hitachi, Ltd., Hyundai Construction Equipment, Co., Ltd., J C Bamford Excavators, Ltd., Kobe Steel, Ltd., Komatsu, Ltd., and Takeuchi Mfg. Co., Ltd.

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Among the various regions, Asia-Pacific and LAMEA are expected to offer better opportunities comparatively, owing to the significant number of ongoing construction and infrastructure development-related projects. The growing tourism and subsequent investment towards infrastructure development in the Middle East are expected to drive the market demand in this region. Whereas, rapid urbanization and the fast-growing construction industry in the Asia-Pacific region are anticipated to fuel the demand for mini excavators during the forecast period.

Table of Contents:

Chapter: 1 Introduction

1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
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. Cxo Perspective

Chapter: 3 Market overview

3.1. Market Definition And Scope
3.2. Key Findings

3.2.1. Top winning strategies
3.2.2. Top investment pockets

3.3. Porter’s Five Forces Analysis

3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate bargaining power of buyers
3.3.3. High threat of substitution
3.3.4. Moderate threat of new entrants
3.3.5. Moderate competitive rivalry

3.4. Market Player Positioning, 2017
3.5. Market Dynamics

3.5.1. Drivers

3.5.1.1. Benefits associated with mini excavators
3.5.1.2. Rapidly growing global infrastructure & development projects

3.5.2. Restraints

3.5.2.1. Presence of unskilled operators and technicians

3.5.3. Opportunity

3.5.3.1. Standardization of mini excavators

Chapter: 4 Mini excavators market, by end-user industry

4.1. Overview

4.1.1. Market size and forecast

4.2. Construction

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. Agriculture

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

4.4. Others

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

Chapter: 5 Mini excavators market, by geography

5.1. Overview

5.1.1. Market size and forecast

5.2. North America

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by end-user industry
5.2.3. Market size and forecast, by country

5.2.3.1. U.S.

5.2.3.1.1. U.S. market size and forecast, by end-user industry

5.2.3.2. Canada

5.2.3.2.1. Canada market size and forecast, by end-user industry

5.2.3.3. Mexico

5.2.3.3.1. Mexico market size and forecast, by end-user industry

5.3. Europe

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by end-user industry
5.3.3. Market size and forecast, by country

5.3.3.1. Germany

5.3.3.1.1. Germany market size and forecast, by end-user industry

5.3.3.2. France

5.3.3.2.1. France market size and forecast, by end-user industry

5.3.3.3. UK

5.3.3.3.1. UK market size and forecast, by end-user industry

5.3.3.4. Russia

5.3.3.4.1. Russia market size and forecast, by end-user industry

5.3.3.5. Rest of Europe

5.3.3.5.1. Rest of Europe market size and forecast, by end-user industry

5.4. Asia-Pacific

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by end-user industry
5.4.3. Market size and forecast, by country

5.4.3.1. India

5.4.3.1.1. India market size and forecast, by end-user industry

5.4.3.2. China

5.4.3.2.1. China market size and forecast, by end-user industry

5.4.3.3. Japan

5.4.3.3.1. Japan market size and forecast, by end-user industry

5.4.3.4. Rest of Asia-Pacific

5.4.3.4.1. Rest of Asia-Pacific market size and forecast, by end-user industry

5.5. Lamea

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by end-user industry
5.5.3. Market size and forecast, by country

5.5.3.1. Latin America

5.5.3.1.1. Latin America market size and forecast, by end-user industry

5.5.3.2. Middle East

5.5.3.2.1. Middle East market size and forecast, by end-user industry

5.5.3.3. Africa

5.5.3.3.1. Africa market size and forecast, by end-user industry

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