Global Compact Construction Equipment Market Growth 2023-2029

Global Compact Construction Equipment Market Growth 2023-2029

Compact construction equipment is an emerging term used in the construction equipment industry, which refers to small units are designed to work on small commercial and residential sites. The major utility factor of compact construction equipment is their versatility and ability to perform tasks that were previously undertaken by heavy machinery.
The main advantages of compact construction equipment are that they are low cost, light weight, and easy to transport and operate. However, there is no industry standard to specify any requirements to be met for equipment to be categorised as compact construction equipment. Categorisation is more dependent on the type of application performed in a particular sector. Generally, Mini Excavators, Compact Wheel Loaders, Multi Terrain Loaders, Compact Track Loaders and Skid Steer Loader are classified under compact construction equipment.
LPI (LP Information)' newest research report, the “Compact Construction Equipment Industry Forecast” looks at past sales and reviews total world Compact Construction Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Compact Construction Equipment sales for 2023 through 2029. With Compact Construction Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Compact Construction Equipment industry.
This Insight Report provides a comprehensive analysis of the global Compact Construction Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Compact Construction Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Compact Construction Equipment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Compact Construction Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Compact Construction Equipment.
The global Compact Construction Equipment market size is projected to grow from US$ 15880 million in 2022 to US$ 31060 million in 2029; it is expected to grow at a CAGR of 31060 from 2023 to 2029.
Global Compact Construction Equipment key players include Caterpillar, Sany, Takeuchi, John Deere, Wacker Neuson SE, etc. Global top five manufacturers hold a share over 35%.
Asia-Pacific is the largest market, with a share nearly 60%, followed by Europe, and North America, both have a share about 30 percent.
In terms of product, Mini Excavators is the largest segment, with a share over 40%. And in terms of application, the largest application is Construction, followed by Agriculture, Mining, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Compact Construction Equipment market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Mini Excavators
Compact Wheel Loaders
Compact Track Loaders
Skid Steer Loaders
Others
Segmentation by application
Construction
Mining
Agriculture
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Caterpillar
John Deere
Takeuchi
Wacker Neuson SE
Kubota
CNH Industrial
Sany
JCB
Komatsu
Volvo
Ditch Witch
Manitou
Hitachi
ASV
XCMG
Key Questions Addressed in this Report
What is the 10-year outlook for the global Compact Construction Equipment market?
What factors are driving Compact Construction Equipment market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Compact Construction Equipment market opportunities vary by end market size?
How does Compact Construction Equipment break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.