Please use symbol entry at top right of page to search

Mini Excavators Market to Reach $10.2 Bn, Globally, by 2030 at 4.4% CAGR: Allied Market Research

Rise in the construction sector and growing demand for mini excavators in the vertical drive the growth of the global mini excavators market.

PORTLAND, Ore., June 9, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Mini Excavators Market By Type (Wheeled, Track), By Operating Weight (Less than 4 tons, 4 tons to 10 tons), By End User (Landscaping and Construction, Agriculture): Global Opportunity Analysis and Industry Forecast, 2021-2030." According to the report, the global mini excavators industry was estimated at $6.6 billion in 2020, and is anticipated to hit $10.2 billion by 2030, registering a CAGR of 4.4% from 2021 to 2030.

Allied_Market_Research_Logo

Determinants of growth-

Rise in the construction sector and growing demand for mini excavators in the vertical drive the growth of the global mini excavators market. At the same time, availability of a wide range of mini excavators in various lifting capacities makes it suitable for use in various small-scale applications, which in turn has supplemented the growth yet more. Moreover, development of advanced battery technologies is expected to create lucrative opportunities in the industry.

Download Sample PDF (212 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/3305

Covid-19 scenario-

  • Restrictions on construction activities gave way to a steep decline in demand for mini excavators, thus impacting the global mini excavators market.
  • The disrupted supply chain worsened the condition even more. However, the market has already started recovering.

The track segment to dominate by 2030-

Based on type, the track segment accounted for around four-fifths of the global mini excavators market share in 2020, and is anticipated to rule the roost by 2030. The same segment would also cite the fastest CAGR of 4.6% throughout the forecast period. This is due to ability of track-based excavators to operate in varying ground conditions.

Get detailed COVID-19 impact analysis on the Mini Excavators Market:
https://www.alliedmarketresearch.com/request-for-customization/3305

The 4 tons to 10 tons segment to maintain the lion's share-

Based on industry vertical, the 4 tons to 10 tons segment held nearly three-fifths of the global mini excavators market revenue in 2020, and is expected to lead the trail by 2030. The same segment would also manifest the fastest CAGR of 4.6% from 2021 to 2030. This is attributed to extensive use of track-based mini excavators in the construction and agricultural industries.

Asia-Pacific garnered the major share in 2020-

Based on region, Asia-Pacific held the major share in 2020, generating nearly half of the global mini excavators market, due to the expanding construction sector. At the same time, the market across LAMEA would grow at the fastest CAGR of 5.8% by 2030, owing to increase in construction activities across the region.

Key players in the industry-

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

Interested in Procure Data? Visit: https://www.alliedmarketresearch.com/purchase-enquiry/3305

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:
https://www.alliedmarketresearch.com/avenue/trial/starter 

Similar Reports We Have:

Mining Equipment Market - Global mining equipment market growing at a CAGR of 4.6% from 2021 to 2030.

Heavy Construction Equipment Market - Global heavy construction equipment market is projected to reach $273.5 billion by 2030, registering a CAGR of 4.4% from 2021 to 2030.

Construction Equipment Market - Global construction equipment market growing at a CAGR of 4.3% from 2020 to 2027.

Agriculture Equipment Market - Global agriculture equipment market growing at a CAGR of 6.0% from 2020 to 2027

Tunnel Boring Machine Market - Global tunnel boring machine market is expected to reach $7,552.1 million by 2027, growing at a CAGR of 6.0% from 2020 to 2027.

Pre-Book Now with 10% Discount:

Tunneling and Rock Drilling Equipment Market - Global Opportunity Analysis and Industry Forecast, 2022-2029

 Construction and Mining Equipment Market - Global Opportunity Analysis and Industry Forecast, 2022-2029

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285,
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

Cision View original content:https://www.prnewswire.com/news-releases/mini-excavators-market-to-reach-10-2-bn-globally-by-2030-at-4-4-cagr-allied-market-research-301564904.html

SOURCE Allied Market Research

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.