Press release
Mini Excavators Market Outlook 2024 : Expected Market Growth Rate, Major Driver And Segments
Mini Excavators Global Market Report 2024
According to The Business Research Company's, The mini excavators market size has grown strongly in recent years. It will grow from $7.88 billion in 2023 to $8.36 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to urbanization and construction boom, increased focus on productivity, utility and landscaping applications, versatility in construction sites, ease of transportation, government investments in construction..
The mini excavators market size is expected to see strong growth in the next few years. It will grow to $10.23 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to green construction practices, global expansion of rental markets, regulatory push for equipment efficiency, adoption in emerging markets, focus on operator comfort and safety.. Major trends in the forecast period include electric mini excavators, advanced telematics and iot integration, hybrid and fuel-efficient models, remote control and automation, customization for specific applications..
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/mini-excavators-global-market-report
Market Drivers and Trends:
The rise in construction activities is expected to propel the growth of the mini excavator market going forward. Construction activities refer to the use of advanced techniques, materials, and technologies in the construction of buildings, infrastructure, and other structures. Mini excavators are used for the debris removal of construction materials and on sensitive surfaces or work in small areas where an excavator of the usual size wouldn't fit. For instance, in November 2021, according to the Office for National Statistics, a UK-based Statistics Authority, new construction work increased by £15,380 ($16854.48) million in 2021 cumulatively to reach £115,579 (126659.56) million, up 15.3% from the previous year. The annual rise increased by 23.7%, 28.1%, and 37.4%, respectively, in 2021 compared to the previous years due to primarily private housing, private infrastructure, and new public infrastructure projects. Therefore, the rise in construction activities is driving the growth of the mini excavator market.
Technological advancements are a key trend gaining popularity in the mini excavator equipment market. Major companies operating in the mini excavator market are adopting new technologies to sustain their position in the market. For instance, in January 2022, Komatsu, a Japan-based construction and mining equipment manufacturing company, launched integrated machine control (iMC) 2.0 for mini excavators. This provides smart controls for mini excavator models PC290LCi-11, PC360LCi-11, and PC390LCi. The main features of iMC 2.0 technology are auto grade assist, which automatically adjusts the digging depth and bucket angle; auto stop control, which automatically stops the machine; facing angle compass, which uses a compass to help operators maintain a consistent facing angle during excavation; and real-time 2D and 3D mapping, which uses GPS and sensors to dig straight in the excavation site.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=10347&type=smp
Major Key Players of the Market:
AB Volvo; Caterpillar Inc.; Hitachi Ltd.; Deere & Company; Hyundai Construction Equipment Co. Ltd.; J C Bamford Excavators Ltd.; Kobe Steel Ltd.; Komatsu Ltd.; Takeuchi Mfg. Co. Ltd.; Doosan Infracore Co. Ltd.; Cukurova Ziraat Endustri Ve Ticaret A S; Bobcat Company; Bharat Earth Movers Limited; Guangxi LiuGong Machinery Co. Ltd.; Kubota Corporation; Yanmar Holdings Co. Ltd.; Kobelco Construction Machinery Co. Ltd.; Sany Group; Wacker Neuson SE; Liebherr Group; XCMG Group; LiuGong Machinery Corp.; Atlas Copco AB; CNH Industrial N.V.; Manitou Group; KATO Works Co. Ltd.; IHI Corporation; Sunward Intelligent Equipment Co.Ltd.; New Holland
Mini Excavators Market 2024 Key Insights:
• The mini excavators market will grow to $10.23 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%.
• Booming Construction Sector Fuels Surge In Mini Excavator Market Growth
• Tech Advancements Propel Mini Excavator Market
• Asia-Pacific was the largest region in the mini excavator market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=10347&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Mini Excavators Market Outlook 2024 : Expected Market Growth Rate, Major Driver And Segments here
News-ID: 3753554 • Views: …
More Releases from The Business Research Company
Surgical Meshes Market Landscape to 2034: Key Forces Shaping the Next Decade of …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Surgical Meshes Market Size By 2025?
In the past few years, the market size of surgical meshes has seen significant growth. It is projected to expand from $2.03 billion in 2024 to $2.18 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 7.3%.…
Rehabilitation Equipment Market Poised to Hit $23.97 Billion by 2029 with Accele …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Rehabilitation Equipment Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a significant growth in the size of the rehabilitation equipment market. Projected to increase from $17.36 billion in 2024, it is expected to reach $18.49 billion in 2025, with a compound annual…
Future of the Pediatric Neurology Device Market: Strategic Analysis and Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Pediatric Neurology Device Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for pediatric neurology devices has seen significant expansion in recent years, climbing from $2.5 billion in 2024 to an anticipated $2.65 billion in 2025, reflecting a compound annual growth rate (CAGR)…
Key Trends Influencing the Growth of the Orthokeratology Lens Market in 2025: In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Orthokeratology Lens Market Through 2025?
The market for orthokeratology lenses has seen a significant increase in size over recent years. It's projected to expand from $2.56 billion in 2024 to $2.75 billion in 2025, with a compound annual growth rate (CAGR) of…
More Releases for Mini
Maneuvering Through the Mini Loader Market: Insights into Mini Articulated Loade …
** Market Overview **
The mini articulated loader market refers to the market for small, articulated frame steering loaders used in construction, agriculture, landscaping, and other applications requiring a versatile, compact machine. These quick, agile loaders feature an articulated joint that allows for excellent maneuverability and terrainability. With loader arms in front and the engine compartment in the rear, mini articulated loaders provide impressive lift capacity and height given their small…
Portable Mini Air Conditioner Review: Best 5 Trending Portable Mini AC In The Un …
Summer calls for cooling, but not all of us have the luxury of central air. In fact, because of our window placement or where we want to cool, a portable air conditioner might be the best bet. A portable air conditioner (PAC) is a unit that sits on the floor, and can be moved around with relative ease. But how do you figure out which one is best for your…
Polar Mini AC Reviews 2021: Shocking Truth Revealed About Polar Mini Portable AC …
Polar Mini AC Reviews-
Each season is distinct and deserving of attention. However, regardless of how distinct they are, it can be tough to decide whether to like winter or summer, or to despise both. This is because the temperature drops to the point where everyone seeks for their blankets during the winter months. Summer, on the other hand, is so hot that everyone throws off their blankets and prays for…
Lawsuit for Investors in Mobile Mini Inc (NASDAQ: MINI) over Takeover filed
An investor, who currently holds shares of Mobile Mini Inc (NASDAQ: MINI), filed a lawsuit against the takeover of Mobile Mini Inc.
Investors who purchased shares of Mobile Mini Inc (NASDAQ: MINI) and currently hold any of those NASDAQ: MINI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ: MINIstockholders.
Phoenix,…
Investigation for Investors in Mobile Mini Inc (NASDAQ: MINI) over potential Wro …
An investigation was announced concerning whether the takeover of Mobile Mini Inc is unfair to Mobile Mini Inc (NASDAQ: MINI stockholders.
Investors who purchased shares of Mobile Mini Inc (NASDAQ: MINI) and currently hold any of those NASDAQ: MINI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Mobile Mini…
Team Mini Mania Claims Three Podium Spots at 60th Anniversary Mini Race
Five-Car Team finishes first, second and third in class at Portland International Raceway
PORTLAND, Ore. – Dennis Racine of Grass Valley, CA took first place in class and second overall on Sunday at Portland International Raceway in the 60th Anniversary Mini Race. Twenty-four Minis from Canada and the USA converged on the 1.964 Oregon road racing circuit to celebrate the 60th anniversary of one of the most popular cars, with over…
