Press release
The Sale of Compact Construction Equipment in Australia Market to Reach 20,646 Units by 2029 - Arizton
Australia Compact Construction Equipment Market Research Report by Arizton
To Know More, Download the Free Sample Report: https://www.arizton.com/request-sample/4045
Market Trends & Drivers
Growth in the E-Commerce Industry Prompts the Investment in Warehouse Expansion Projects
Australia is one of the world's largest e-commerce markets; e-commerce spending reached $50.2 billion in 2022, a 13% increase compared to 2021.
NewCold logistics company, in December 2022, announced to invest $160.3 million to build its first warehouse in Sydney's west. The construction is designed to take place in two phases. The first phase will include a frozen pallet warehouse with 80,000 pallets. In the second phase, warehouses will be constructed in Marsden Park Industrial in New South Wales.
Woolworth (supermarket chain) announced its plans to construct two new automated warehouses at Moorebank Logistics Park in Western Sydney. The warehouses are anticipated to be operational by 2024.
Construction on Axis Alexandria Warehouse in Sydney is underway, including the construction of a two-story, multi-unit warehouse and a distribution building on 1.69 hectares of land. The project, therefore, involves the construction of nine small warehouse units, parking facilities, and loading and unloading facilities.
Demand for construction equipment used in warehouses, logistics, and distribution centers, such as forklifts, telehandlers, and scissor aerial platforms, is expected to rise in the upcoming years.
Rise in Sales of Hybrid and Electric Compact Equipment
Australia's Long-Term Emissions Reduction Plan aims to achieve net-zero emissions by 2050. Construction equipment manufacturers and companies increasingly know the government's environmental regulations.
In Australia, Volvo CE launched its new Volvo CE EC300E Hybrid Excavator in February 2023, an environmentally friendly option with improved fuel efficiency. The machine consumes less than 15% fuel and generates 15% less carbon emissions.
In March 2023, Hitachi Construction Machinery announced that it would launch new wheel loaders and excavators from Australia's popular ZW-7 and ZX-7 series. These machines are equipped with Stage V-compliant fuel-efficient engines. The excavator engines are made up of a Selective Catalytic Reduction (SCR) system, Diesel Oxidation Catalyst (DOC), and Catalyzed Soot Filter (CSF).
Demand for hybrid and electric compact construction equipment is expected to rise during the forecast period in response to the strict government regulations.
Vendor Insights
Caterpillar, Komatsu, Kubota, Hitachi Construction Machinery, and Volvo Construction Equipment are leaders in the Australia compact construction equipment market. These companies have a substantial market share and offer diverse sets of equipment.
Manitou, Maximal, Kanga Loaders, Toyota Material Handling, Bobcat, CNH Industrials, & Mecalac are niche players in the Australia compact construction equipment market. These companies offer low product diversification and have a strong presence in the Australian local market.
XCMG, Hyundai Construction Equipment, Takeuchi, SANY, Yanmar, JCB, Kobelco, John Deere, & LiuGong are emerging in the Australia compact construction equipment market.
The emerging players are introducing new technologically advanced products to challenge the market share of market leaders in the Australian market.
Hangcha, Task Forklift, and Yuchai have low product diversification; these companies are lagging in adopting modern technologies used in compact construction equipment in the region.
Australia Compact Construction Equipment Market Dynamics
Drivers
Surge in Government Investment for Upgrading Infrastructure
Growth in the E-commerce Industry Prompts the Investment in Warehouse Expansion Projects
Investments for the Development of Transport Infrastructure that Drive the Sale of Compact Equipment
Trends
Rise in Sales of Hybrid and Electric Compact Equipment
Incorporation of Telematics System in Compact Equipment for Optimum Performance
OEMs Launching Smart Construction Solutions for Optimized Performance
Challenges
Shortage of Labor Force Hampering Construction Projects
Surge in Housing Construction Cost Negatively Impact Housing Projects
Scarcity of Industrial Space May Hamper the Pace of Warehouse Development Projects
Opportunities
Water Management Projects
Incorporation of Digital Technology
Investment in lithium mining
Vendors
Prominent Vendors
Caterpillar
Komatsu
Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
Volvo Construction Equipment
Hitachi Construction Machinery
JCB
SANY
Kobelco
Hyundai Construction Equipment
Kubota
Bobcat
Other Prominent Vendors
John Deere
Yanmar
LiuGong
Takeuchi
Toyota Material Handling
Manitou
CNH Industrial
Mecalac
Kanga Loaders
HYSOON AUSTRALIA PTY LTD.
Yuchai
Task Forklift
Hangcha
Maximal
Ditch Witch
Haulotte Group
Faresin
Distributor Profiles
CJD Equipment
Semco Group
Tutt Bryant
Capital Construction Equipment
BPF Equipment
CEA
Forklifts Australia
Hitachi Construction Machinery Pty Ltd
Market Segmentation
Type
Excavators
Backhoe Loaders
Wheeled Loaders
Track Loaders
Skid Steer Loaders
Telehandlers
Forklifts
Aerial Platforms
Others (Articulated Loaders, Truck Carriers)
Application
Material Handling
Maintenance & Utility Works
Waste Management
Other Applications
End Users
Construction
Mining
Warehouse & Logistics
Other (Maintenance & Utility Works, Landscaping, Power Generation)
Key Questions Answered in the Report
How big is the Australia compact construction equipment market?
What is the growth rate of the Australia compact construction equipment market?
Who are the key players in the Australian compact construction equipment market?
What are the trends in the Australian compact construction equipment industry?
Which are the major distributor companies in the Australian compact construction equipment market?
Check the detailed table of contents of the report @ https://www.arizton.com/market-reports/australia-compact-construction-equipment-market?details=tableOfContents
Why Arizton?
100% Customer Satisfaction
24x7 availability - we are always there when you need us
200+ Fortune 500 Companies trust Arizton's report
80% of our reports are exclusive and first in the industry
100% more data and analysis
1500+ reports published till date
About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Contact Us
Call: +1-312-235-2040
+1 302 469 0707
Mail: enquiry@arizton.com
Contact Us: https://www.arizton.com/contact-us
Blog: https://www.arizton.com/blog
Website: https://www.arizton.com/
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 The Sale of Compact Construction Equipment in Australia Market to Reach 20,646 Units by 2029 - Arizton here
News-ID: 3306902 • Views: …
More Releases for Australia
Derila Memory foam pillow Australia: Honest Reviews About Derila Australia
Derila is one of the best memory foam pillows sold in Australia today.
Priced at around 30 dollars (USD), derila is currently the most reviewed and the cheapest memory pillow available in Australia.
What is Derila? Is Derila Pillow the best in Australia? Keep reading to discover everything worth knowing about Derila Australia.
OVERVIEW
Recently, Memory foam pillow has been trending and there is a lot of brands to choose from. Which one is…
CeraCare Australia - Where to Buy Legit CeraCare Supplement in Australia?
CeraCare Australia - Ceracare is a glucose support supplement that proposes to augment cardiovascular prosperity and to stay aware of perfect glucose assimilation in Australia. CeraCare supplement is conceptualized and executed by a threesome – Christine, Dr. Jihn and Michael. It is a natural supplement that helps one stay aware of ideal glucose levels, cardiovascular prosperity, and glucose assimilation.
Take Advantage of 80% Discount Offer in Australia >> https://boostsxproaustralia.com/ceracare-new
The indications…
Glucofort Australia - Where to Buy Legit Glucofort Supplement in Australia?
Glucofort Australia - Glucofort is an efficient, all-natural progressive glucose support supplement in Australia. This formula is made out of 12 key ingredients, 7 nutrients, and minerals, and a little of Vanadium. This supplement upholds regulated glucose levels and glucose digestion. Glucofort prides itself as the most inventive supplements available in Oceania, accentuating its solidarity, wellbeing, and quality.
Take Advantage of 75% Discount Offer in Australia >> https://boostsxproaustralia.com/glucofort-new
Rather than simply…
Australia Agriculture Market, Australia Agriculture Industry, Australia Agricult …
Australia Agriculture has been as vital within the development of Australia, because it was within the United States. Australia's ancient dominance in wheat and sheep continues into the 21st century. Recently Australian agriculture has become more and more diversified. The considerable expanses of productive land have helped Australia to become a number one world exporter of grains, meats, and wool. Each grains (predominantly wheat and barley) and wool markets round…
Australia Conveyor Maintenance Analysis by Top Companies Habasit Australia Pty l …
Global Australia Conveyor Maintenance Market and Competitive Analysis
Know your current market situation! Not only a vital element for brand new products but also for current products given the ever-changing market dynamics. The study allows marketers to remain involved with current consumer trends and segments where they'll face a rapid market share drop. Discover who you actually compete against within the marketplace, with Market Share Analysis know market position, to push…
Australia Conveyor Maintenance Market Analysis By Manufacturers Rema Tip Top Aus …
A conveyor system is a common piece of mechanical handling device that moves materials/objects from one location. A conveyor is often lifeline to a company’s ability to effectively move its products in a timely manner. While it is used constantly in a manufacturing plant, proper maintenance from trained technicians can extend the lifespan of conveyor. Furthermore, conveyor maintenance is essential as it may be subjected to different types of failures…
