Electric Compact Excavator Industry Outlook, Growth Prospects and Key Opportunities

The automotive industry is one of the fastest-growing industries, significantly contributing to the gross domestic product of several countries. Unfortunately, the COVID-19 pandemic posed serious challenges for which the industry was under-prepared. Halted production and disruptions in the supply chain resulted in a huge setback in the automotive industry.

The report offers actionable and valuable market insights of Electric Compact Excavator. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Electric Compact Excavator Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Electric Compact Excavator market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Electric Compact Excavator

This newly published and insightful report sheds light on Market Insights of Electric Compact Excavator, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Electric Compact Excavator Market.

Excavation is among the key industrial processes across multiple sectors, from mining to construction and aerospace. With growing population, developed and developing countries are witnessing maximum utilization of physical spaces. As the spaces become more confined, carrying out excavation processes is becoming a challenging tasks. Compact excavators have emerged as the ideal solution for carrying out digging processes in confined spaces. Over the recent past, the trend of miniaturization has fairly treaded the automotive sector. Manufacturers of industrial vehicles are shifting towards creating compact vehicles. This has furnished the manufacturing compact excavators.

Compact excavators are witnessing a steady demand pertaining to their role in performing high-level digging operations in cramped up spaces. Manufacturers are working towards improving the maneuverability of compact excavators for creating operational ease. Moreover, new compact excavators entering the market are being equipped with advanced function such as autonomous operability and telematics. In addition, several companies in the global compact excavators market are striving to develop compact excavators with low fuel consumption and reduced noise emissions.

However, limited applications of compact excavators owing to their operating capacities will continue to impede their sales in the near future. A recently published report by Fact.MR projects that the demand for compact excavators will witness a sluggish traction in the upcoming years. The report has assessed that during the forecast period, 2017-2026, the global compact excavators market will expand at a CAGR of 2.7%. By the end of 2026, 173.6 Bn compact excavators will be sold across the globe. Key highlights from the report mentioned below reveal the future prospects of manufacturing and applications of compact excavators.

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6 Forecast Highlights on Global Compact Excavators Market

Through 2026, the Asia-Pacific excluding Japan (APEJ) region is expected to dominate the global compact excavators market, by accounting for more than 40% share on global sales.
Europe’s compact excavators market, on the other hand, is poised to expand at a CAGR of 2.8% during the forecast period, becoming the second-most leading market with high growth.

In 2017 and beyond, a majority of compact excavators sold in the global market will be tail swing. The demand for zero tail swing compact excavators, on the other hand, will gain traction by registering fastest growth in terms of volume.
By the end of 2026, barely 18 Bn compact excavators sold in the global market will be powered by electric motors. With shortcomings of electric compact excavators in deep excavations, diesel compact excavators will remain predominant in the global market over the forecast period.

On the basis of operating weight, the 4000-10000 lbs. segment is likely to represent the leading segment in the global compact excavators market.
By the end of the forecast period, construction will emerge as the largest end-use vertical, followed by mining and forestry & agriculture.
Companies observed as leaders in the manufacturing of compact excavators have been profiled in the report. These include, Caterpillar, Deere & Company, Hitachi Construction Machinery, Komatsu, Volvo Construction Equip., Doosan Bobcat, Inc., Yanmar Holdings Co. ltd., JCB, Inc., Kubota Corp., Case Construction Equipment, Nagano Industry Co., Ltd., Kobelco Construction Machinery U.S.A Inc., KATO Works, Bharat Earth Movers, Çukurova Ziraat, guangxi LiuGong Machinery, Sany Group, Terex, XCMG, and Zoomlion Heavy Industry Science and Technology.

Market Taxonomy
Region
North America
Latin America
Europe
Japan
APEJ
MEA
Product Type

Tail Swing
Zero Tail Swing
Motor Type
Electric
Diesel
Operating Weight .
Less Than 4000 lbs.
4000-10000 lbs.
More Than 10000 lbs
End-use Vertical
Construction
Mining
Forestry & Agriculture
Others

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More Valuable Insights on Electric Compact Excavator Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Electric Compact Excavator, Sales and Demand of Electric Compact Excavator, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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