Press release
Mini Excavators Market Detailed Insights on Upcoming Trends 2020-2027
According to a new report published by Allied Market Research, titled, “Mini Excavators Market by Capacity, and End-User Industry: Opportunity Analysis and Industry Forecast, 2020–2027,” the global mini excavators market size is expected to reach $11.9 billion in 2027 from $9.0 billion in 2019, growing at a CAGR of 5.4% from 2020 to 2027. Increase in demand for compact and robust equipment from various end users such as agriculture and construction is projected to drive the mini excavators market during the forecast period. Moreover, numerous ongoing construction and infrastructure development such as New Sharjah Airport and Wuhan Urban Rail Project are also anticipated to fuel the demand for mini excavators in coming years, especially in Asia and the Middle East.Get sample copy of “Mini Excavators” at: https://www.alliedmarketresearch.com/request-sample/3305
Leading Players:
The key players profiled in this report include AB Volvo Group, Caterpillar Inc, Cukurova Ziraat, Deere & Company, Hitachi Construction Machinery Co Ltd, Hyundai Construction Equipment Co Ltd, J C Bamford Excavators Ltd, Kobe Steel Ltd, Komatsu Ltd, and Takeuchi Mfg. Co Ltd. These players in the global mini excavators market adopted product launch, product development, and business expansion as their key developmental strategies to meet change in demands from consumers. For instance, in December 2019, Hitachi Construction Machinery Co Ltd., a subsidiary of Hitachi Ltd. launched a new battery powered mini excavator prototype of 5 tons and battery capacity of 39 kw h. It is suitable for commercial and residential applications.
In addition, factors such as rapid urbanization and fast-growing construction industry in Asia-Pacific are expected to global mini excavators market. Moreover, growth in tourism significantly boosts investments toward infrastructure development projects in the Middle East, Asia-Pacific, and other regions, which, in turn, boosts demand for mini excavators.
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Growth Factor:
The novel coronavirus impacted on manufacturers of the mini excavators market to avert their business processes, owing to prolonged lockdown imposed by governments around the globe to break the chain of coronavirus. This is expected to directly impacted on the sales of mini excavators. Moreover, there is a stoppage in manufacturing of mini excavators, owing to shortage of raw materials and lack of manpower. However, halt in commercial construction buildings is anticipated to hamper the demand for mini excavators.
Global Mini Excavators Market Segments
By Capacity
More Than 4 Tons
Less Than 4 Tons
By End-user Industry
Landscaping & Construction
Agriculture
Others
In the end, able drum industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
Have any query? Speak to Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/3305
About Us-
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research 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.
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