Press release
Compact Construction Equipment Market Outlook to 2027 - Caterpillar, Inc., AB Volvo, Deere & Company, Hyundai Heavy Industries Co. Ltd, XCMG Group, King Machinery, Komatsu Ltd, Manitou BF, S.A., and Sany Group
Compact Construction Equipment Market Analysis to 2025
Increase in popularity of compact construction equipment is fueling the demand for robust compact equipment especially in the construction industry. Leading companies such as Caterpillar, Inc., Deere, and JCB are focusing on the development of more compact devices in order to attract more customers and gain a competitive position in the market. Factors such as the growing popularity of compact equipment, ease of transport and low maintenance costs are the major factors that are expected to drive the growth of compact construction equipment market.
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The report provides a detailed overview of the compact construction equipment industry including both qualitative and quantitative information. It provides an overview and forecast of the global compact construction equipment based on equipment, application and end-user industry. It also provides market size and forecast till 2027 for overall compact construction equipment market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 16 countries globally along with the current trend and opportunities prevailing in the region.
Compact construction equipment is robust, compact sized and light-weighted construction equipment that is capable of performing tasks earlier suited for heavy equipment. These construction equipment are easy to work from one job site to another and are cost-efficient. Moreover, the compact size of the equipment allows them to be more suited for construction activities especially in urban areas and renovation projects. This equipment has a large scope of application and is generally utilized for loading, excavation, material handling, lifting & hoisting, and other tasks.
However, lack of skilled operators and volatility in fuel prices are the major factors that are anticipated to hinder the growth of compact construction equipment market.
Besides this, the report analyzes factors affecting compact construction equipment market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis.
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Key market players influencing the compact construction equipment market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information for the last 3 years, a key development in the past five years.
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