Compact Construction Equipment market size is estimated to be worth US$ 17940 million in 2022 and is forecast to a readjusted size of US$ 31260 million by 2028 with a CAGR of 9.7% - valuates reports

Compact Construction Equipment market size is estimated to be worth US$ 17940 million in 2022 and is forecast to a readjusted size of US$ 31260 million by 2028 with a CAGR of 9.7% during the review period.

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Fully considering the economic change by this health crisis, Mini Excavators accounting for % of the Compact Construction Equipment global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period.

While Construction segment is altered to an % CAGR throughout this forecast period.

Compact construction equipment is an emerging term used in the construction equipment industry, which refers to small units are designed to work on small commercial and residential sites. The major utility factor of compact construction equipment is their versatility and ability to perform tasks that were previously undertaken by heavy machinery.

The main advantages of compact construction equipment are that they are low cost, light weight, and easy to transport and operate. However, there is no industry standard to specify any requirements to be met for equipment to be categorised as compact construction equipment. Categorisation 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.

Market Analysis and Insights: Global Compact Construction Equipment Market

Global Compact Construction Equipment key players include Caterpillar, Sany, Takeuchi, John Deere, Wacker Neuson SE, etc. Global top five manufacturers hold a share over 35%.

Asia-Pacific is the largest market, with a share nearly 60%, followed by Europe, and North America, both have a share about 30 percent.

In terms of product, Mini Excavators is the largest segment, with a share over 40%. And in terms of application, the largest application is Construction, followed by Agriculture, Mining, etc.

In terms of production side, this report researches the Compact Construction Equipment capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of Compact Construction Equipment by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Global Compact Construction Equipment Scope and Segment

Compact Construction Equipment market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Compact Construction Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

By Type
Mini Excavators
Compact Wheel Loaders
Compact Track Loaders
Skid Steer Loaders
Others

By Application
Construction
Mining
Agriculture
Others

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