Global Compact Construction Machinery Market Growth 2023-2029

Global Compact Construction Machinery Market Growth 2023-2029

Compact construction equipment is small in size, light in weight, highly efficient, and capable of performing multiple tasks as compared to heavy equipment.

Compact construction equipment, such as mini excavators and compact wheel loaders, delivers substantial benefits on a wide variety of projects. Typically ranging from one to six tonnes, mini excavators are lightweight, easy to transport and user-friendly. Ideal for confined areas, they can be used on utility, foundation work, landscaping and indoor demolition or construction projects.

LPI (LP Information)' newest research report, the “Compact Construction Machinery Industry Forecast” looks at past sales and reviews total world Compact Construction Machinery sales in 2022, providing a comprehensive analysis by region and market sector of projected Compact Construction Machinery sales for 2023 through 2029. With Compact Construction Machinery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Compact Construction Machinery industry.

This Insight Report provides a comprehensive analysis of the global Compact Construction Machinery 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 Machinery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Compact Construction Machinery market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Compact Construction Machinery 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 Machinery.

The global Compact Construction Machinery market size is projected to grow from US$ 22500 million in 2022 to US$ 33020 million in 2029; it is expected to grow at a CAGR of 33020 from 2023 to 2029.

Asia-Pacific is the largest market of Compact Construction Machinery, with a share about 50%, followed by North America and Europe, both have a share about 40 percent. Global top 10 companies include Caterpillar, Volvo Construction Equipment, John Deere, Komatsu, Sany, Wacker Neuson SE, Takeuchi, Kubota, Hitachi Compact Excavators and CNH Industrial, they hold a share over 55%.

This report presents a comprehensive overview, market shares, and growth opportunities of Compact Construction Machinery 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
Volvo Construction Equipment
John Deere
Komatsu
Sany
Wacker Neuson SE
Takeuchi
Kubota
Hitachi Compact Excavators
CNH Industrial
JCB
Liebherr
Zoomlion
Liugong Machinery
Lonking Holdings Limited
XCMG
Manitou
ASV Holdings, Inc (ASV)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Compact Construction Machinery market?

What factors are driving Compact Construction Machinery market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Compact Construction Machinery market opportunities vary by end market size?

How does Compact Construction Machinery 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.