Asia Pacific Mini Excavators Market Size & Forecast by 2028

Asia Pacific Mini Excavators Market Size, Share & Industry Trends Analysis Report By Type (Track and Wheeled), By Operating Weight, By End User (Landscaping & Construction and Agriculture), By Country and Growth Forecast, 2022 - 2028

Published Date: May-2022 | Number of Pages: 78 | Format: PDF | Report ID: KBV-18326

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Market Report Description

The Asia Pacific Mini Excavators Market would witness market growth of 4.8% CAGR during the forecast period (2022-2028).

Physical spaces have become increasingly constricted as a result of uncontrolled population development, making excavating operations more challenging. Compact excavators have arisen as an important vehicular device for digging up soil and other earthy elements in tight locations. Companies are actively participating in the development of compact excavators, with the trend of miniaturization affecting the automobile business. Compact excavators are mostly employed in such digging applications, where conventional excavators have struggled to reach the constricted places between buildings and tight spaces. Understanding the distinctions between compact and regular excavating machines is critical. Mini excavators have various advantages over standard excavators that make them more suitable for particular applications. Excavators are useful machines in and of themselves.

The developing countries across the region comprise a robust construction infrastructure. According to the National Investment Promotion and Facilitation Agency, in India, the construction sector is divided into two categories viz. real estate and urban development. Residential, office, retail, hotels, and leisure parks are all included in the Real Estate section. Water supply, urban transportation, sanitation, schools, and healthcare are all sub-segments of the urban development segment. Between April 2000 and September 2021, FDI in the construction development sector (townships, housing, built-up infrastructure, and construction development projects), as well as construction (infrastructure) activities, reached $26.16 billion and $25.95 billion, respectively.

Moreover, there are several other investments by the national government intended to expedite the construction industry. According to the Petroleum and Natural Gas Regulatory Board, with a population of more than 20 million people, Mumbai, the capital of Maharashtra and India's financial capital, is the largest urban hub within the Mumbai Metropolitan Region (MMR). The only airport serving MMR is Chhatrapati Shivaji Maharaj International Airport (CSMIA). Since 2002, CSMIA has seen exceptional traffic increase, reflecting the country's economic boom, the favorable impact of rising aviation liberalization, and the advent of India's low-cost carriers (LCC). Increase airport capacity to meet increased air passenger demand in the Mumbai Metropolitan Region (MMR). Since 2006, CSMIA has been undergoing a substantial modernization and development initiative. CSMIA is likely to reach its maximum capacity soon, despite the completion of the terminal and airside expansion. In order to address the issue, the Indian government is planning to build the Navi Mumbai International Airport. With the increasing demand for construction activities across the region, the demand for mini excavators is estimated to increase, which would drive the regional market.

The China market dominated the Asia Pacific Mini Excavators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $943.8 million by 2028. The Japan market is estimated to grow at a CAGR of 4.1% during (2022 - 2028). Additionally, The India market would witness a CAGR of 5.5% during (2022 - 2028).

Based on Type, the market is segmented into Track and Wheeled. Based on Operating Weight, the market is segmented into Less than 4 tons, and 4 tons to 10 tons. Based on End User, the market is segmented into Landscaping & Construction and Agriculture. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Mini Excavators Market is Projected to reach USD 8.4 Billion by 2028, at a CAGR of 4.4%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Volvo Group, Kobe Steel, Ltd., Hyundai Construction Equipment Co., Ltd., Caterpillar, Inc., Komatsu Ltd., Deere & Company, Hitachi, Ltd., J C Bamford Excavators Ltd., and Takeuchi Mfg. Co., Ltd.

Scope of the Study

Market Segments Covered in the Report:

By Type

  • Track
  • Wheeled

By Operating Weight

  • Less than 4 tons
  • and 4 tons to 10 tons

By End User

  • Landscaping & Construction
  • Agriculture

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

  • Volvo Group
  • Kobe Steel, Ltd.
  • Hyundai Construction Equipment Co., Ltd.
  • Caterpillar, Inc.
  • Komatsu Ltd.
  • Deere & Company
  • Hitachi, Ltd.
  • J C Bamford Excavators Ltd.
  • Takeuchi Mfg. Co., Ltd.

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Related Reports:

Global Mini Excavators Market Report 2022-2028

North America Mini Excavators Market Report 2022-2028

Europe Mini Excavators Market Report 2022-2028

LAMEA Mini Excavators Market Report 2022-2028

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