Press release
Mini Excavators Market to Reach $9.77 Billion in 2025: Profiled Players AB Volvo, Caterpillar, Çukurova Ziraat, Deere & Company, Hitachi, Hyundai Construction Equipment and More
The mini excavators market size is expected to reach $9.77 billion by 2025 from $7.23 billion in 2017, growing at a CAGR of 4.4% during the forecast period (2018‐2025). The excavators constitute construction equipment that provide assistance to perform excavating, landscaping, and picking and placing operations across construction, mining, and industrial sites, and others. Also, the availability of advanced engines and superior power capabilities have resulted in construction equipment with compact sizes, which are accessible across closed spaces.
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Factors, such as growing popularity of robust and compact construction equipment, is the major factor driving the market growth of mini excavators market. In addition, the versatile benefits associated with mini excavators, such as robustness, compact sizes, alternative to heavy construction equipment, and superior maneuverability, are also anticipated to fuel the demand for mini excavators during the forecast period.
The global mini excavators market is segmented into end-user industry and region. Based on end-user industry, the market is broadly categorized into construction, agriculture, and others. Moreover, to gather further insights, the market is further divided by region namely, North America, Europe, Asia-Pacific, and LAMEA.
Currently, the global mini excavators market is dominated by some key players, such as AB Volvo, Caterpillar, Inc., Çukurova Ziraat, Deere & Company, Hitachi, Ltd., Hyundai Construction Equipment Co., Ltd., J C Bamford Excavators, Ltd., Kobe Steel, Ltd., Komatsu, Ltd., Takeuchi Mfg. Co., Ltd., and other players.
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Related Report:
Excavators Market By Power Range (0-300 HP, 301-500 HP and 501 & above HP), Type (Mini, Heavy, Wheeled and Crawler) and End User (Infrastructure, Mining, Waste Management and Construction) - Global Industry Analysis and Forecast To 2025
The driving factors of the global market are; increasing numbers of applications of the excavators in various field like mining, commercial construction, residential construction, sewage disposal & other, increasing activities of construction in various developing economies due to factor of rising population, rapid industrialization & urbanization in various economies across the globe, and other factors. The restraining factors of the market are the more cost of the excavators & the strict rules coming up for the conservation of environment.
The Asia Pacific region is dominating the global Excavators Market owing to increasing development in the infrastructure, rapid urbanization, rising population in the economies like India & China is showing growth in construction sector, etc.
Read More: https://www.bigmarketresearch.com/excavators-market-by-power-range-type-and-end-user-global-industry-analysis-and-forecast-to-2025-market?utm_source=OPR&utm_medium=cc
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