openPR Logo
Press release

Compact Construction Equipment Market Scope, Opportunities, Trends, and Forecast by 2023 | Caterpillar, Inc., JCB, Inc., Komatsu, Mustang, Sany, Volvo

10-30-2020 04:36 PM CET | Industry, Real Estate & Construction

Press release from: Allied Analytics LLP

Compact Construction Equipment

Compact Construction Equipment

Compact Construction Equipment Market is expected to reach at $9,438 million by 2023, growing at a CAGR of 6.2% during the forecast period. Asia-Pacific accounted for approximately 32.0% of the market share in 2016 and is expected to witness significant growth during the forecast period.

Compact construction equipment is small in size, highly efficient, and easy to use. They find their application majorly in the construction industry as they are easy to handle. The demand for compact construction equipment has increased, owing to increase in construction activities as well as growth in application areas in the mining and agriculture industry. In addition, technological advancements are expected to propel the market growth. However, high production cost and volatile fuel prices pose a threat to the growth of the market.

Download Sample PDF @ https://www.alliedmarketresearch.com/request-sample/4024

The main advantages of compact construction equipment are that they are low cost, light weight, & easy to transport and operate. However, there is no industry standard to specify any requirements to be met for equipment to be categorized as compact construction equipment. Categorization is more dependent on the type of application performed in a particular sector. Generally, Mini Excavators, Compact Wheel Loaders, Multi Terrain Loaders, Compact Track Loaders and Skid Steer Loader are classified under compact construction equipment.

The backhoe loader in the compact construction equipment dominated the equipment segment of in 2016, with around 27.0% share, and is expected to grow at the CAGR of 5.2% during the forecast period. High demand from construction, agriculture, and mining industries drive the backhoe loader market. In terms of application, loading is expected to dominate the market throughout the analysis period.

The surge in adoption of compact construction equipment in agriculture and mining industries also makes way for the growth of the others segment, which is expected to register a fastest growth with a CAGR of 7.1%. The construction industry accounted for around 38% share of the global compact construction equipment market revenue in 2016, while the agriculture industry is anticipated to grow at the highest CAGR of 6.5% during the forecast period.

Make Purchase Enquiry@ https://www.alliedmarketresearch.com/purchase-enquiry/4024

In 2016, Asia-Pacific dominated the global market, owing to robust growth of construction and agriculture industry. Furthermore, presence of major players is anticipated to boost the market growth in the near future. Europe is the second leading revenue contributor to the global market and is expected to grow at an estimated CAGR of 6.4% during the forecast period.

The key market players profiled are Caterpillar, Inc., JCB, Inc., John Deere, King Machinery, Komatsu, Mustang, Sany, Hyundai Heavy Industries Co. Ltd., Volvo, and XCMG.

Get detailed COVID-19 impact analysis on the Compact Construction Equipment
Market @ https://www.alliedmarketresearch.com/request-for-customization/4024?reqfor=covid

Key Findings of the Compact Construction Equipment Market:
• Backhoe loader dominated the market in equipment segment in terms of revenue and is projected to grow at a CAGR of 5.2% during the forecast period.
• Based on end-user industry, the construction industry accounted for around 38.0% share of the global compact construction equipment market revenue in 2016
• In 2016, Asia-Pacific was the dominant region and is anticipated to grow at the highest CAGR of 6.8%, while Chinawas the major contributor to the market.

Compact Construction Equipment Market Key Segments:
By Equipment
• Backhoe Loader
• Excavator
• Skid Steer Loader
• Telehandler
• Track Loader
• Others
By End-user Industry
• Metals & Mining
• Construction
• Agriculture
• Others
By Application
• Loading
• Excavation
• Materials Handling
• Lifting & Hoisting
• Others
By Region
• North America
• Europe
• Asia-Pacific
• LAMEA

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Compact Construction Equipment Market Scope, Opportunities, Trends, and Forecast by 2023 | Caterpillar, Inc., JCB, Inc., Komatsu, Mustang, Sany, Volvo here

News-ID: 2177451 • Views: 372

More Releases from Allied Analytics LLP

Firefighting Drones Market 2027 Global Analysis, Size, Business Growth, Trends a …
According to a new report published by Allied Market Research, titled, "Firefighting Drone Market by Product Type (Carbon Steel, Diamond Edged, Multi Hole Saws, Specialty Hole Saws, and Others), by End-user Industry (Commercial and Domestic), and by Application (Wet Drilling and Dry Drilling) - Global Opportunity Analysis and Industry Forecast, 2020-2027." The report has offered an all-inclusive analysis of the global firefighting drone Market taking into consideration all the crucial
Traction Motor Market Organization, Deployment Type, Vertical and Region – Glo …
Allied Market Research published a report titled, "Traction Motor Market by Application (Railways, Electric Vehicle and Industrial Vehicles), Type (DC Traction Motor, AC Traction Motor and Synchronous Motor) and Power Rating (Less than 200 kW, 200-400 kW and More than 400 kW): Global Opportunity Analysis and Industry Forecast, 2020–2027."According to the report, the global traction motor industry was estimated at $10.78 billion in 2019, and is expected to hit $30.06
Ceramic Injection Molding Market Strategic Insights and key Business Influencing …
Global ceramic injection molding market size was $375.0 million in 2018 and is projected to reach $746.2 million in 2026, growing at a CAGR of 8.8%. The alumina segment accounted for over two-fifths of the market share in 2018 and is expected to witness significant growth during the global ceramic injection molding market forecast period. Rapid production & bulk production advantage, high demand for injection-molded ceramic products, low labor cost and
Smart Bathrooms Market Trends and Future Growth Projections by 2023 | Delta Fauc …
Global smart bathrooms market is expected to reach $2.52 billion by 2023, registering a CAGR of 10.7% during the forecast period. Increase in investments to build smart homes, surge in development of non-residential infrastructure, and rise in awareness for energy & water conservation and hygiene have boosted the growth of the global smart bathroom market. Moreover, trend of lavish and state-of-the-art home products owing to surge in consumer disposable income

All 5 Releases


More Releases for Compact

Compact shading, extended potential
With a discreet design that has a dramatic presence, the markilux 1300 Basic has it all. Are you looking to make a big impact, but only have space for a smaller shading system? The markilux 1300 Basic is quite simply the best compact solution on the market today. Slim, stylish and suave, the recently refreshed model is perfect for both awkward small spaces and larger outdoor areas. Offering unrivalled value-for- money,
Compact Technology – High Efficiency
Support for intelligent energy management and the market integration of renewable energy: the innovative frequency converters for energy storage and grid compensation from Knorr-Bremse PowerTech. At E-world in Essen (February 7-9, 2017), the Berlin company will supply answers to the hot issues in today’s energy market in hall 6 at booth 6-402. Converting energy into efficiency: Converters may be a e small component of energy systems but they can have an
Accurate, compact and exactly repeatable
Halver, 15 April 2013 – Connectors will only achieve the tightness guaranteed by the manufacturer if they are tightened with the respectively given torque. A relevant torque wrench as well as a high repeatability is indispensable for accurate and effective operations. The connector- and housing specialist ESCHA offers a Torque Wrench-Set that provides for a professional installation of its M8x1- and M12x1-round connectors. ESCHA Torque Wrench-Set comes in a handy roll-up
New Compact Controller for Hexapods
Hexapods from PI (Physik Instrumente) are indispensable for high-precision positioning in six axes. The parallel-kinematics Hexapods are offered as a system including a powerful digital controller and comprehensive software support. Each Hexapod is now available in a package with a new compact controller (255 x 226 x 185 mm) that provides the full functionality at a lower system price. The Hexapod continues to be available with the previous 19-inch rack unit
New Compact Linear Drive
PIShift drives are compact and cost-efficient piezo linear drives from PI (Physik Instrumente), the Karlsruhe specialist for positioning systems. The drives use the stick-slip effect and, due to the high operating frequency of more than 20 kHz, they are noiseless. The load is coupled to the moving rod. Typical applications of drives operating with this principle are the adjustment of optical and opto-mechanical components, cell manipulation as well as industrial applications
New Compact Linear Drive
PIShift drives are compact and cost-efficient piezo linear drives from PI (Physik Instrumente), the Karlsruhe specialist for positioning systems. The drives use the stick-slip effect and, due to the high operating frequency of more than 20 kHz, they are noiseless. The load is coupled to the moving rod. Typical applications of drives operating with this principle are the adjustment of optical and opto-mechanical components, cell manipulation as well as industrial applications