Europe 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
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Market Report Description
The Europe Mini Excavators Market would witness market growth of 3.9% CAGR during the forecast period (2022-2028).
Excavators are a necessary component of every construction, building, or mining activity. Excavators, which are designed for heavy-duty digging and carrying, can increase the efficiency and productivity of the construction team while cutting operational expenses. Excavators can be used for a range of tasks, including digging trenches, breaking ground, carrying heavy items, smashing pavement, and more. A perfectly engineered and appropriate excavator would have enough strength and power to meet the project's requirements while also running at optimal efficiency.
The mini excavators are smaller and lighter, that’s why they leave fewer track marks and cause less ground damage. Mini excavators are considerably easier to deal with on busy sites because they are smaller than larger machines. The massive size of a conventional excavator, for example, can cause issues in a parking lot. A tiny excavator can easily navigate a parking lot. Compact machines also have the advantage of being easy to transfer between sites due to their reduced size. A tiny excavator can last longer than a bigger one merely because the work it performs is less demanding. Mini excavators typically have bucket sizes ranging from 12 to 24 inches. Mini excavators can also be equipped with accessories to increase their versatility. It is more convenient to rent a tiny excavator for a certain project than to purchase a larger machine according to the requirement of the user.
The construction industry across the region is booming. There are various construction projects that are in progress while several others would be started soon. Britain maintains a competitive advantage in the construction industry. British companies are leading the way in sustainable construction solutions, and have world-class experience in architecture, design, and engineering. It's also a sector with a lot of room for expansion. According to the government of the United Kingdom, the global construction market is expected to rise by more than 70% by 2025. Changes in the global economy are presenting new chances for the United Kingdom. To aid the recovery, the government is doing everything it can to assist British firms in growing and gaining the aspiration, confidence, and drive to compete in the market. This includes changing the planning system, providing funding for critical infrastructure projects, and bolstering the housing market with programs like the Help-to-Buy Equity Loan Scheme and the Funding for Lending Scheme.
The Germany market dominated the Europe Mini Excavators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $499.1 million by 2028. The UK market is poised to grow at a CAGR of 3.1% during (2022 - 2028). Additionally, The France market would display a CAGR of 4.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Mini Excavators Market Size will Hit $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 Operating Weight
- Less than 4 tons
- and 4 tons to 10 tons
By End User
- Landscaping & Construction
- Rest of Europe
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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