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.
Compact Construction Equipment market has drawn significantly attention owing to the residential apartment construction cycle that provided a big boost to many economies during 2016 and 2017 is shifting focus. China and Europe are prime regions with strong penetration of Compact Construction Equipment market. China is the largest consumption area, accounting for 27.75%.
Compact Construction Equipment market is characterized with few leading giants. Caterpillar, John Deere, Takeuchi, Wacker Neuson SE, Kubota are the leading companies worldwide. As mergers and acquisition going on, market concentration is predicted to be higher.
Based on product type, the Mini Excavators segment of the global Compact Construction Equipment market share is the biggest, accounting for 40% of the demand in 2017. By applications, construction category accounted for 80.17% of the demand in 2017.
The key market players have been driving the growth with agreements, expansions, acquisitions, and new product launches to develop their position. It is competitive, with leading players being involved in the research & development of new Compact Construction Equipment.
Despite the presence of competition problems, due to the clear global economy recovery trend and industry profits, investors are still optimistic about this area; there will be more investments to enter the field.
The Compact Construction Equipment market was valued at 11500 Million US$ in 2018 and is projected to reach 18500 Million US$ by 2025, at a CAGR of 6.1% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Compact Construction Equipment.
This report presents the worldwide Compact Construction Equipment market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Caterpillar
John Deere
Takeuchi
Wacker Neuson SE
Kubota
CNH Industrial
Sany
JCB
Komatsu
Volvo
Ditch Witch
Manitou
Hitachi
ASV
XCMG
Compact Construction Equipment Breakdown Data by Type
Mini Excavators
Compact Wheel Loaders
Compact Track Loaders
Skid Steer Loaders
Others
Compact Construction Equipment Breakdown Data by Application
Construction
Mining
Agriculture
Others
Compact Construction Equipment Production by Region
United States
Europe
China
Japan
Other Regions
Compact Construction Equipment Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Compact Construction Equipment status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Compact Construction Equipment manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Compact Construction Equipment :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Compact Construction Equipment market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Compact Construction Equipment . Industry analysis & Market Report on Compact Construction Equipment is a syndicated market report, published as Global Compact Construction Equipment Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Compact Construction Equipment market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.