The North America Compact Construction Equipment Market to Reach 317.9 Thousand Units by 2029 - Arizton

According to Arizton's latest research report, the North America compact construction equipment market is growing at a CAGR of 4.62%.

The Industry Analysis Report Provides Industry Trends, Drivers, Opportunities, Competitive Outlook, Market Size, Sales, and Growth Forecast for 2023-2029

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The demand for track loaders in North America market has grown sharply in the recent times. The equipment can also operate in rough terrain with fine grip.
Track loaders are versatile equipment which can be used with various attachment and performs the application of digging & material handling efficiently. These equipment put low pressure at ground. Therefore, it can be used in muddy and unpaved surfaces.
There is rise in gardening and landscaping activities post pandemic in North America. According to National Gardening Association data, there were
18.3 million new gardeners added in 2021.
US is among the top three gardening countries in the world.
In 2022, 72.1 million households were engaged in gardening activities.
55% people garden to create beautiful spaces & 43% people choose gardening for growing food.
Average size of a US garden is 600 sq.ft.
Americans spend nearly $47 billion on equipment used for lawning and gardening each year.
Therefore, rise in gardening and landscaping activities in North American market triggers the demand for compact track loaders as it can perform multiple tasks by various attachments.

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Vendor Landscape
Kubota, Caterpillar, Hitachi Construction Machinery, John Deere, SANY, and Volvo CE are leaders in the North America compact construction equipment market. These companies have a strong industry share and offer diverse sets of equipment.
Manitou, Doosan Bobcat, Liebherr, Wacker Neuson, CNH industrials, and Toyota Material Handling are niche players in the North America compact construction equipment market. These companies offer low product diversification and have a strong presence in the local market.
XCMG, Zoomlion, LiuGong, Kobelco, JCB, and Hyundai Construction Equipment are emerging in the North American market. These companies are introducing new technologically advanced products to challenge the share of market leaders in the North America compact construction equipment market.
In 2022, XCMG Construction Equipment launched a range of electric compact excavators in the North American market to cater to increasing construction projects.
Yanmar, Develon, and Takeuchi have low product diversification; these companies are lagging in adopting new technologies in North America compact construction equipment market.

Prominent Vendors
Caterpillar
Komatsu
Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
Volvo Construction Equipment
Hitachi Construction Machinery
JCB
SANY
Kobelco
Hyundai Construction Equipment
John Deere
Zoomlion Heavy Industry Science & Technology Co. Ltd
Kubota
Doosan Bobcat

Other Prominent Vendors
Liebherr
CNH Industrial
Mecalac
Wacker Neuson
Yanmar
LiuGong
Takeuchi
Toyota Material Handling
Manitou
Kioti Tractor
DEVELON

Distributor Profiles
National Equipment Dealers
Equipment North America
Kirby-Smith Machinery INC
McClung-Logan Equipment Company, Inc.
My Equipment
SMS Equipment
Great West Equipment

Market Segmentation
Type
Excavators
Backhoe Loaders
Wheel Loaders
Track Loaders
Skid Steer Loaders
Telehandlers
Forklifts
Aerial Platforms
Others (Articulated Loaders, Truck Carriers)

Application
Material Handling
Maintenance & Utility Works
Waste Management
Others

End Users
Construction
Mining
Warehouse & Logistics
Other (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants)

Key Questions Answered in the Report:
How big is the North American compact construction equipment market?
What is the growth rate of the North America compact construction equipment market?
Who are the key players in the North American compact construction equipment market?
What are the trends in the North America compact construction equipment market?
Which are the major distributor companies in the North America compact construction equipment market?

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This release was published on openPR.