LAMEA 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 Latin America, Middle East and Africa Mini Excavators Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).
A spinning cab distinguishes the mini excavator, where the operator sits and operates the numerous controls. Attachments and immovable components, like the arm as well as the cab swiveled, are directed by these sections. However, because the wheels or tracks tend to go forward and backward rather than left and right, the multidirectional movement of the machine is limited. There are two primary sorts of attachments viz. demolition and digging. There is a severe requirement for adequate knowledge in order to operate gizmos and gadgets that come with the mini excavator, including compactor plates, compaction wheels, rippers, augers, and more. Depending on the topography of the job site, a small excavator would most likely have wheels or tracks. A user needs to be mindful of how the surroundings could potentially interfere with or damage the equipment, which comes with organized training. Furthermore, the growth of the mini excavators market is being propelled by the increasing number of constructions all over the world.
Increased urban population along with rising private sector investments in the development of new commercial structures characterize the Middle East and Africa market. Moreover, as the number of buildings in the United Arab Emirates grows, more of these devices will be required in the future. Similarly, government efforts to encourage private sector participation in infrastructure development are gradually increasing in the regional market.
In addition, the Government of UAE is increasing its investment in the building of various new construction projects. According to the International Trade Administration, the construction sector in the UAE is expected to grow moderately in the coming years in order to recover from the impact of the COVID-19 pandemic. The UAE government is focusing on energy and infrastructure investments, such as transportation, decarbonization, utilities, renewable and nuclear energy generation, and alleviating the country's persistent water scarcity. The government's strong dedication and resources have resulted in the establishment of numerous mega-project prospects for UAE construction and engineering firms. The Al-Nouf seawater treatment plant of the Abu Dhabi National Oil Company (ADNOC), the Dubai Municipality's plan to build a strategic sewerage tunnel, as well as other mega construction projects, like the redevelopment of Mina Rashid in Dubai along with the Dubai International Financial Centre Expansion 2.0, have all recently been announced.
The Brazil market dominated the LAMEA Mini Excavators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $152.8 million by 2028. The Argentina market is experiencing a CAGR of 7.8% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Mini Excavators Market is Predict to reach $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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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