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Compact Excavator Market

Compact Excavator Market

Compact Excavator Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2026

Compact Excavator Market
FACT370MR
  • Mar-2022
  • List of Tables : 118
  • List of Figures : 96
  • 170 Pages
  • Automotive

Introduction

With uncontrolled population growth, physical spaces have become more confined, and carrying out the digging operations is becoming difficult.

Compact excavators have emerged as a key automotive vehicle that can help in excavation of soil and other earthen materials in cramped up spaces.

With the trend of miniaturization influencing the global automotive sector, companies are actively partaking in the production of compact excavators.

While the conventional excavators have been struggling to reach the narrowed spots between buildings and tight spaces, compact excavators are being predominantly used in such digging purposes.

global compact excavator market

Manufacturers of compact excavators are witnessing a considerable rise in demand from individuals as well as local construction companies. New compact excavators entering the market are being designed to meet the earth-moving requirements of the future.

The comfort of operating compact excavators is further driving the working professionals in the construction industry towards them.

Moreover, the function of changing the attachments on the compact excavators is enabling the process of high-level excavations.

Large construction companies are replacing the conventional heavy duty excavators with compact excavators to reap high profit margins from low fuel consumption and lesser carbon emission. Better maneuverability, reduced noise emission, and operational ease are a few other factors driving the demand for compact excavators in the global construction industry.

According to a recently published report by Fact.MR, the global market for compact excavators is likely to expand at a 2.7% CAGR in terms of volume during the forecast period, 2017-2026.

The report further projects that by the end of 2026, over 173.6 thousand units of compact excavators will be sold across the globe. The report further reveals that the Asia-Pacific excluding Japan (APEJ) region will represent the largest market for compact excavators through 2026.

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Construction to Represent Largest End-use Vertical for Compact Excavators

The report has analyzed the global compact excavators market on the basis of their end-use across industrial verticals. The findings reveal that nearly three-fourth share of compact excavators sold in the global market will be used in construction sector.

The demand for compact excavators in mining sector is also expected to gain traction towards the latter half of the forecast period.

With respect to the operating weights, higher end-use in construction sector will be driving the demand for compact excavators with 4000-10000 lbs. capacity. By the end of 2026, about 80 thousand compact excavators with 4000-10000 lbs. operating weight capacity are expected to be sold globally.

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Demand for Electric Compact Excavators to Gain Traction by 2026-end

The report has also projected that tail swing compact excavators will be a top-selling product in the global market throughout the forecast period.

On the other hand, zero tail swing compact excavators are expected to register a relatively high CAGR of 2.8% in terms of volume.

On the basis of motor-type analysis, the demand for compact excavators with electric motors will surge in the latter half of the forecast period. Diesel compact excavators are expected to register largest revenue share of nearly 90% in the global compact excavators market through 2026.

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Competition Tracking

The report has profiled leading players in the global compact excavators market. Companies namely

  •  Hitachi Construction Machinery
  • Caterpillar
  • Deere & Company
  • Volvo Construction Equip.
  • Komatsu
  • 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
  • Bharat Earth Movers
  • Sany Group
  • guangxi LiuGong Machinery
  • Terex
  • Zoomlion Heavy Industry Science and Technology

XCMG are observed as the leading manufacturers of compact excavators in the global market. Over the forecast period, most of these players are expected to expand their businesses on the back of product development by integrating advanced excavation technologies and equipment in the vehicles.

Market Taxonomy

Region  
  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Product Type  

  • Tail Swing
  • Zero Tail Swing
Motor Type  
  • Electric
  • Diesel
Operating Weight .
  • Less Than 4000 lbs.
  • 4000-10000 lbs.
  • More Than 10000 lbs
End-use Vertical  
  • Construction
  • Mining
  • Forestry & Agriculture
  • Others

- FAQs -

Hitachi Construction Machinery, Caterpillar, Deere & Company, Volvo Construction Equip., Komatsu, Yanmar Holdings Co. Ltd. are prominent Compact Excavator market players.
According to Fact.MR, Compact Excavator sales experienced a CAGR of 2.7% from 2017 to 2026.

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Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

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