Report overview
Compact construction equipment is an emerging term used in the construction equipment industry, which refers to small units are designed to work on small commercial and residential sites. The major utility factor of compact construction equipment is their versatility and ability to perform tasks that were previously undertaken by heavy machinery.
The main advantages of compact construction equipment are that they are low cost, light weight, and easy to transport and operate. However, there is no industry standard to specify any requirements to be met for equipment to be categorised as compact construction equipment. Categorisation is more dependent on the type of application performed in a particular sector. Generally, Mini Excavators, Compact Wheel Loaders, Multi Terrain Loaders, Compact Track Loaders and Skid Steer Loader are classified under compact construction equipment.
This report aims to provide a comprehensive presentation of the global market for Compact Construction Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Compact Construction Equipment. This report contains market size and forecasts of Compact Construction Equipment in global, including the following market information:
Global Compact Construction Equipment Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Compact Construction Equipment Market Sales, 2018-2023, 2024-2029, (Units)
Global top five Compact Construction Equipment companies in 2022 (%)
The global Compact Construction Equipment market was valued at US$ 16700 million in 2022 and is projected to reach US$ 31090 million by 2029, at a CAGR of 9.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Compact Construction Equipment key players include Caterpillar, Sany, Takeuchi, John Deere, Wacker Neuson SE, etc. Global top five manufacturers hold a share over 35%.
Asia-Pacific is the largest market, with a share nearly 60%, followed by Europe, and North America, both have a share about 30 percent.
In terms of product, Mini Excavators is the largest segment, with a share over 40%. And in terms of application, the largest application is Construction, followed by Agriculture, Mining, etc.
We surveyed the Compact Construction Equipment manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Compact Construction Equipment Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Compact Construction Equipment Market Segment Percentages, by Type, 2022 (%)
Mini Excavators
Compact Wheel Loaders
Compact Track Loaders
Skid Steer Loaders
Others
Global Compact Construction Equipment Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Compact Construction Equipment Market Segment Percentages, by Application, 2022 (%)
Construction
Mining
Agriculture
Others
Global Compact Construction Equipment Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Compact Construction Equipment Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Compact Construction Equipment revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Compact Construction Equipment revenues share in global market, 2022 (%)
Key companies Compact Construction Equipment sales in global market, 2018-2023 (Estimated), (Units)
Key companies Compact Construction Equipment sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Caterpillar
John Deere
Takeuchi
Wacker Neuson SE
Kubota
CNH Industrial
Sany
JCB
Komatsu
Volvo
Ditch Witch
Manitou
Hitachi
ASV
XCMG
Outline of Major Chapters:
Chapter 1: Introduces the definition of Compact Construction Equipment, market overview.
Chapter 2: Global Compact Construction Equipment market size in revenue and volume.
Chapter 3: Detailed analysis of Compact Construction Equipment manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Compact Construction Equipment in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Compact Construction Equipment capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
