170 Pages Report] Compact Excavator Market research report categorizes the global market by Product Type (Tail Swing, Zero Tail Swing), By Motor Type (Electric, Diesel), By Operating Weight (Less Than 4000 lbs, 4000-10000 lbs, More Than 10000 lbs), By End-use Vertical (Construction, Mining, Forestry & Agriculture, Others), & By Region (North America, Latin America, Europe, Japan, APEJ, MEA)
Excavation is among the key industrial processes across multiple sectors, from mining to construction and aerospace. With growing population, developed and developing countries are witnessing maximum utilization of physical spaces. As the spaces become more confined, carrying out excavation processes is becoming a challenging tasks. Demand for Compact excavators Is Increased and emerged as the ideal solution for carrying out digging processes in confined spaces. Over the recent past, the trend of miniaturization has fairly treaded the automotive sector. Manufacturers of industrial vehicles are shifting towards creating compact vehicles. This has furnished the manufacturing compact excavators.
Compact excavators are witnessing a steady demand pertaining to their role in performing high-level digging operations in cramped up spaces. Manufacturers are working towards improving the maneuverability of compact excavators for creating operational ease. Moreover, new compact excavators entering the market are being equipped with advanced function such as autonomous operability and telematics. In addition, several companies in the global compact excavators market are striving to develop compact excavators with low fuel consumption and reduced noise emissions.
However, limited applications of compact excavators owing to their operating capacities will continue to impede their sales in the near future. A recently published report by Fact.MR projects that the demand for compact excavators will witness a sluggish traction in the upcoming years. The report has assessed that during the forecast period, 2017-2026, the global compact excavators market will expand at a CAGR of 2.7%. By the end of 2026, 173.6 Bn compact excavators will be sold across the globe. Key highlights from the report mentioned below reveal the future prospects of manufacturing and applications of compact excavators.
Report Benefits & Key Questions Answered
- Compact Excavator Category and segment level analysis:Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Compact Excavator Historical volume analysis: The report provides a comparison of Compact Excavator’s historical sales and projected sales performance for 2021-2031.
- Compact Excavator Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Compact Excavator market. It carefully gauges the impact of changing healthcare needs of key demographics globally
- Compact Excavator Consumption by demographics: The report investigates consumer behavior affecting Compact Excavator demand outlook for the assessment period. Effect of their keenness for digital trends on Compact Excavator market is carefully analyzed
- Post COVID consumer spending on Compact Excavator: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Compact Excavator market growth.
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6 Forecast Highlights on Global Compact Excavators Market
- Through 2026, the Asia-Pacific excluding Japan (APEJ) region is expected to dominate the global compact excavators market, by accounting for more than 40% share on global sales.
- Europe’s compact excavators market, on the other hand, is poised to expand at a CAGR of 2.8% during the forecast period, becoming the second-most leading market with high growth.
- In 2017 and beyond, a majority of compact excavators sold in the global market will be tail swing. The demand for zero tail swing compact excavators, on the other hand, will gain traction by registering fastest growth in terms of volume.
- By the end of 2026, barely 18 Bn compact excavators sold in the global market will be powered by electric motors. With shortcomings of electric compact excavators in deep excavations, diesel compact excavators will remain predominant in the global market over the forecast period.
- On the basis of operating weight, the 4000-10000 lbs. segment is likely to represent the leading segment in the global compact excavators market.
- By the end of the forecast period, construction will emerge as the largest end-use vertical, followed by mining and forestry & agriculture.
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Companies observed as leaders in the manufacturing of compact excavators have been profiled in the report.
- Hitachi Construction Machinery
- Deere & Company
- Volvo Construction Equip.
- Yanmar Holdings Co. Ltd.
- Doosan Bobcat Inc.
- Kubota Corp.
- JCB, Inc.
- Nagano Industry Co., Ltd.
- Case Construction Equipment
- KATO Works
- Kobelco Construction Machinery U.S.A Inc.
- Çukurova Ziraat
Essential Takeaways from the Market Report
- Comparison of prominent players operating in the market.
- Recent developments and key strategies adopted by market players.
- Study of the micro and macro-economic growth indicators.
- Impact of the various factors on the sales of the Compact Excavator market.
- Market share analysis of the key companies in Compact Excavator industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
Key questions answered in Compact Excavator Market Survey Report:
- What is the current scenario and key trends in Compact Excavator Market?
- What are the key strategies companies are adopting to increase their consumer base?
- What are the key categories within the Compact Excavator segments and their future potential?
- What are the major Compact Excavator Market drivers and their expected impact during the short, medium, and long terms?
- What is the Compact Excavator Market size and what are the opportunities for the key players?
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