Mini Excavators Global Market Report 2024

Description

“Mini Excavators Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on mini excavators market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for mini excavators? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The mini excavators market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Wheeled; Track
2) By Operating Weight: Less Than 4 Tons; 4 Tons To 10 Tons
3) By End User Industry: Agriculture; Construction; Forestry
Companies Mentioned: AB Volvo; Caterpillar Inc.; Hitachi Ltd.; Deere & Company; Hyundai Construction Equipment Co. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A mini excavator represents a compact construction machine, either tracked or wheeled, specifically engineered for excavation and digging tasks. Featuring a small cab or operator platform equipped with controls, it operates using a hydraulic system that powers attachments such as the boom and bucket. Its mobility is facilitated by tracks or wheels. These machines are particularly suited for delicate surfaces or confined spaces where larger excavators might be impractical. Their ease of operation and ability to move materials to and from job sites make them highly valuable in construction tasks.

Mini excavators come primarily in two types such as wheeled and tracked. Wheeled versions utilize circular components rotating around axles for movement and transport. They are available in operational capacities less than 4 tons and between 4 to 10 tons, finding applications across various industries including agriculture, construction, and forestry.

The mini excavators market research report is one of a series of new reports from The Business Research Company that provides mini excavators market statistics, including mini excavators industry global market size, regional shares, competitors with a mini excavators market share, detailed mini excavators market segments, market trends, and opportunities, and any further data you may need to thrive in the mini excavator industry. This mini excavators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

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 expansion witnessed in the historical period can be ascribed to several factors. Urbanization and a substantial construction boom played pivotal roles, driving the demand for various construction-related activities. There was an increased emphasis on enhancing productivity across industries, particularly in utility and landscaping applications, where mini excavators demonstrated their versatility. Their adaptability in various construction sites, coupled with the ease of transportation, contributed significantly to their growing utilization. Moreover, government investments directed towards the construction sector also played a substantial role in fostering the growth observed during this period.

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%. Anticipated growth in the forthcoming forecast period is poised to stem from several key factors. The increasing emphasis on green construction practices is expected to be a significant driver, aligning with global efforts toward sustainability. Additionally, the expansion of rental markets on a global scale is anticipated to fuel demand, alongside regulatory initiatives aimed at enhancing equipment efficiency.

Anticipated growth in construction activities is set to propel the mini excavator market forward. Construction involves employing advanced methodologies and materials for building infrastructure and structures. Mini excavators specifically cater to debris removal and work in confined or sensitive areas unsuitable for standard-sized excavators. For instance, data from the Office for National Statistics in November 2021 showcased a £15,380 million increase in new construction work, reaching £115,579 million, marking a 15.3% rise from the prior year. This surge, primarily fueled by private housing and infrastructure projects, led to annual increases of 23.7%, 28.1%, and 37.4% in 2021 compared to preceding years, substantiating the driving force behind the mini excavator market's growth.

The burgeoning agricultural industry is poised to drive the mini excavator market's expansion. In agriculture, these machines navigate tight spaces, tackle inaccessible areas, and facilitate irrigation trenching, streamlining water delivery to crops. Notably, data from the United States Department of Agriculture in November 2023 highlighted the industry's substantial contribution, with the agriculture and related sectors adding $1.264 trillion to the US GDP in 2021 and supporting approximately 22.1 million jobs in 2022. This flourishing industry significantly contributes to the growth trajectory of the mini excavator market.

Technological advancements represent a pivotal trend reshaping the mini excavator equipment market. Key market players are adopting innovative technologies to fortify their market standing. For instance, Komatsu's January 2022 launch of integrated machine control (iMC) 2.0 for specific mini excavator models introduces smart features such as auto grade assist, auto stop control, facing angle compass, and real-time mapping using GPS and sensors. These advancements underscore the industry's pursuit of cutting-edge technologies to enhance mini excavator functionalities.

Leading companies in the mini excavator market prioritize innovative product development, exemplified by stage V-compliant mini excavators. These machines meet the latest emissions standards set by the EU, presenting powerful, compact solutions. For instance, DEVELON's August 2023 release of the DX27Z-7M 2.8-ton Stage V-compliant mini-excavator highlights its compliance with emissions regulations alongside enhanced stability through newly developed cast counterweights. Moreover, the inclusion of the DEVELON Fleet Management system provides crucial operational insights regarding location, running hours, and fuel consumption, showcasing the industry's pursuit of innovation to stay competitive.

In December 2021, CNH Industrial NV, a prominent UK-based company specializing in capital goods and construction equipment, successfully acquired 90% of Sampierana S.p.A.'s capital stock for a total of $101.58 million. This strategic acquisition bolsters CNH Industrial NV's position within the construction equipment sector, granting access to Sampierana S.p.A.'s market-leading products, extensive distribution network, and manufacturing expertise.

Major companies operating in the mini excavators market report are 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, Terex Corp., 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

Asia-Pacific was the largest region in the mini excavator market in 2023. Western Europe is expected to be the fastest-growing region in the global mini excavator market during the forecast period. The regions covered in the mini excavators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the mini excavators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The mini excavators market consists of sales of tail swing excavators and zero-tail swing excavators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11936

1. Executive Summary

2. Mini Excavators Market Characteristics

3. Mini Excavators Market Trends And Strategies

4. Mini Excavators Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Mini Excavators Market Size and Growth

5.1. Global Mini Excavators Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Mini Excavators Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Mini Excavators Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Mini Excavators Market Segmentation

6.1. Global Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Wheeled
Track
6.2. Global Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Less Than 4 Tons

4 Tons To 10 Tons

6.3. Global Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Agriculture
Construction
Forestry

7. Mini Excavators Market Regional And Country Analysis

7.1. Global Mini Excavators Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Mini Excavators Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Mini Excavators Market

8.1. Asia-Pacific Mini Excavators Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Mini Excavators Market

9.1. China Mini Excavators Market Overview
9.2. China Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Mini Excavators Market

10.1. India Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Mini Excavators Market

11.1. Japan Mini Excavators Market Overview
11.2. Japan Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Mini Excavators Market

12.1. Australia Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Mini Excavators Market

13.1. Indonesia Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Mini Excavators Market

14.1. South Korea Mini Excavators Market Overview
14.2. South Korea Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Mini Excavators Market

15.1. Western Europe Mini Excavators Market Overview
15.2. Western Europe Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Mini Excavators Market

16.1. UK Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Mini Excavators Market

17.1. Germany Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Mini Excavators Market

18.1. France Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Mini Excavators Market

19.1. Italy Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Mini Excavators Market

20.1. Spain Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Mini Excavators Market

21.1. Eastern Europe Mini Excavators Market Overview
21.2. Eastern Europe Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Mini Excavators Market

22.1. Russia Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Mini Excavators Market

23.1. North America Mini Excavators Market Overview
23.2. North America Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Mini Excavators Market

24.1. USA Mini Excavators Market Overview
24.2. USA Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Mini Excavators Market

25.1. Canada Mini Excavators Market Overview
25.2. Canada Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Mini Excavators Market

26.1. South America Mini Excavators Market Overview
26.2. South America Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Mini Excavators Market

27.1. Brazil Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Mini Excavators Market

28.1. Middle East Mini Excavators Market Overview
28.2. Middle East Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Mini Excavators Market

29.1. Africa Mini Excavators Market Overview
29.2. Africa Mini Excavators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Mini Excavators Market, Segmentation By Operating Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Mini Excavators Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Mini Excavators Market Competitive Landscape And Company Profiles

30.1. Mini Excavators Market Competitive Landscape
30.2. Mini Excavators Market Company Profiles
- 30.2.1. AB Volvo
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Caterpillar Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Hitachi Ltd.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Deere & Company
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Hyundai Construction Equipment Co. Ltd.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Mini Excavators Market Competitive Benchmarking

32. Global Mini Excavators Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Mini Excavators Market

34. Mini Excavators Market Future Outlook and Potential Analysis

34.1 Mini Excavators Market In 2028 - Countries Offering Most New Opportunities
34.2 Mini Excavators Market In 2028 - Segments Offering Most New Opportunities
34.3 Mini Excavators Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer