Press release
Compact Construction Equipment Market Top Vendors, Regions and Forecast to 2023
Compact Construction Equipment Market
Top Companies
Caterpillar, Inc., JCB, Inc., John Deere, King Machinery, Komatsu, Mustang, Sany, Hyundai Heavy Industries Co. Ltd., Volvo, and XCMG
Get Sample Copy @ https://www.alliedmarketresearch.com/request-sample/4024
Compact construction equipment are 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.
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.
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.
Make a Purchase Inquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/4024
Contact Us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
About Allied Market Research:
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.
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 Top Vendors, Regions and Forecast to 2023 here
News-ID: 2897851 • Views: …
More Releases from Allied Market Research
Green Airport Market to Exhibit a Remarkable CAGR of 10.2% by 2032 | SITA, ABB, …
Green airport market was valued at $4.6 billion in 2022, and is estimated to reach $12 billion by 2032, growing at a CAGR of 10.2% from 2023 to 2032.
The growth of the global green airport market is driven by factors such as stringent environmental regulations, increase in demand for operational cost savings and efficiency, and rise in awareness and concerns about environmental issues. However, high initial costs and challenges in…
$30.1 + Billion Electrolyte Mixes Market to Grow at 5.2% CAGR by 2031
Electrolyte Mixes Market Size was valued at $17.7 billion in 2022, and is estimated to reach $30.1 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.
As people become more aware of the importance of physical exercise, more people are joining health clubs. As a result, the need for hydration and electrolyte mix has increased. Consumers' growing preference for natural and organic ingredients used in electrolyte mix…
Dark Stone Market 2026 Trends: Expected to Grow at a CAGR of 4.8% from 2023 to 2 …
Allied Market Research published a report, titled, "Dark Stone Market by Type (Marble, Granite, Limestone, Others), by Application (Flooring, Memorial Arts, Wall Cladding, Others), by End User (Residential, Commercial): Global Opportunity Analysis and Industry Forecast, 2023-2032."According to the report, the global dark stone industry was estimated at $3.7 billion in 2022 and is anticipated to hit $5.8 billion by 2032, registering a CAGR of 4.8% from 2023 to 2032.
Download Sample…
Automotive Traction Inverter Market to Hit $46.3 Billion by 2032, Growing at 16. …
According to a new report published by Allied Market Research, titled, "Automotive Traction Inverters Market," The automotive traction inverter market size was valued at $10.5 billion in 2022, and is estimated to reach $46.3 billion by 2032, growing at a CAGR of 16.4% from 2023 to 2032.
Asia-Pacific currently dominated the automotive traction inverter market in 2022. This was primarily due to China is actively adopting EVs, investing in EVs and…
More Releases for Compact
Compact Wheel Loaders : Efficiency and Versatility in Compact Construction Machi …
The compact wheel loader is a type of earth-moving machine that consists a tractor and a bucket mounted on the front of the tractor. The attached bucket is used to collect stray material from the ground which could be dirt, sand, or gravel. The compact loaders are classified based on to their gross power, with the majority of compact wheel loaders having a maximum gross power of less than 100…
Compact Portable Heater Information
A compact portable heater can be a great way to keep your home or office warm during the colder months. There are many different types and models of compact heaters on the market so it is important to do your research before purchasing one. In this essay, we will discuss the two main types of compact portable heaters: electric and propane. We also share some tips on how to choose…
Fact.MR Compact Substation Market Segmented By Application Type – Residential, …
Global Compact Substation Market: Introduction
A compact substation is a subordinate substation of an electricity generation, transmission and distribution system where voltage is transformed. The main aim of a compact substation is to step down high-voltage electricity to low-voltage electricity or vice-versa, so it can be easily utilized in residential and industrial applications.
Compact Substation is equipped with control and communication units in order to detect and extinguish fires quickly. Compact Substation…
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…
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…
