The Global Mini Excavators Market Size will Hit $8.4 Billion by 2028, at a CAGR of 4.4%

Published Date: 31-May-2022

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Mini Excavators Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Mini Excavators Market size is expected to reach $8.4 billion by 2028, rising at a market growth of 4.4% CAGR during the forecast period.

The Wheeled segment is showcasing to witness a CAGR of 4.9% during (2022 – 2028). Compact wheeled excavators are prevalent in several countries across the world. In the correct applications, these machines outperform other machine types, especially in congested urban areas. The wheeled excavator is a vehicle that can move from one location to another within a metropolis. It does not require trailering, does not cause damage to the street it is operating on and can dig in front of and dump behind itself. It can accomplish and perform all the tasks that are required for a construction project.

The Less than 4 tons segment acquired maximum revenue share in the Global Mini Excavators Market by Operating Weight in 2021, thereby, achieving a market value of $4.91 billion by 2028. The increasing growth of the segment is owing to the small size as well as the mobility of these excavators. Less than 4 tons — Compact excavators weighing three to four tons appear to be the ideal size. Off-the-shelf machines are adequate for most consumers due to their adaptability and inclusion of popular features as standard equipment. These machines are popular for a variety of reasons, including mobility, maneuverability, and fuel efficiency

The Landscaping & Construction segment is leading the Global Mini Excavators Market by End User in 2021, thereby, achieving a market value of $5.4 billion by 2028. Excavators are frequently employed to clear land for projects like retaining walls or excavating to build attractive water features, even in the narrowest of places. An excavator's grading blades and buckets may quickly produce any desired landscape impression. This factor is propelling the growth of this segment.

The Asia Pacific market dominated the Global Mini Excavators Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.3 billion by 2028. The Europe market is estimated to witness a CAGR of 3.9% during (2022 - 2028). Additionally, The North America market would experience a CAGR of 3.7% during (2022 - 2028).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Mini Excavators Market Segmentation

By Type

  • Track
  • Wheeled

By Operating Weight

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

By End User

  • Landscaping & Construction
  • Agriculture

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • 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.

Unique Offerings from KBV Research

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Related Reports:

North America Mini Excavators Market Future Scope & Opportunities 2022-2028

Europe Mini Excavators Market Size & Growth Forecast 2022-2028

Asia Pacific Mini Excavators Market Size, Share & Industry Outlook to 2028

LAMEA Mini Excavators Market Growth, Trends & Forecasts 2022-2028

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