Mini Excavators Market 2018-2025: Overview, Trends and top key players- AB Volvo, Caterpillar, Inc., Cukurova Ziraat, Deere & Company, Hitachi, Ltd., Hyundai Construction Equipment Co., Ltd., J C Bamford Excavators, Ltd., Kobe Steel, Ltd., Komatsu, Ltd.,

The mini excavators constitute construction equipment that is compact in size, durable, and capable of delivering performance that was earlier suited for heavy equipment or labor-intensive work. Also, the increasing demand for easy-to-relocate and efficient construction equipment, which has superior maneuverability, is expected further fuel the demand for the mini excavators market during the forecast period. The large scope of application of mini excavators in excavating, landscaping, picking and placing, and demolishing activities has resulted in its adoption across different end users. In addition, the advancement in design and technology has yielded equipment with superior performance with compact sizes, which offers effective alternative solutions for heavy construction equipment.

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Factors, such as rapid urbanization and infrastructure development, among emerging economies, such as Asia and Africa, are expected to boost the market growth of mini excavators market during the forecast period. Moreover, the rising cost of labors and increasing demand for effective and robust construction equipment are projected to surge the demand for the mini excavators market among developed economies, such as North America and Europe.

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). As the name suggests, this construction equipment constitutes compact-sized, robust, and durable excavators.

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The mini excavators have significant application for tasks, such as landscaping, materials handling, demolishing, forestry working, snow removing, constructing, and others. Thus, based on end-user industry, the market is broadly classified into construction, agriculture, and others. In addition, to gain a diverse insight, the market is analysed across major regions namely, North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

The report provides an extensive analysis of the current and emerging trends and dynamics in the global mini excavators market.
An in-depth analysis is presented by constructing market estimations for the key market segments between 2017 and 2025.
An extensive analysis is arrived at by following key product positioning and monitoring the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities in these geographies.
The key market players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the mini excavators market.

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The report details a competitive analysis and the profiles of the major players, such as AB Volvo, Caterpillar, Inc., Cukurova 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., in the mini excavators market. Product launch and business expansion are the key strategies adopted by the major players to retain their standing in the market.

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