Global Mini Excavator Market 2015-2019 - Industry Analysis
About mini excavator
Mini excavators, commonly known as compact excavators, are tracked or wheeled vehicles. They weigh approximately 0.7-8.5 tons and are unique compared to other excavators. Due to their small size, mini excavators can fit through doorways and can be used to carry out work at mining sites.
APAC dominated the market in 2014; this growth is likely to continue during the forecast period as result of government initiatives toward the development of urban infrastructure in countries such as China, India, and Japan. Further, resurge in the construction industry in Europe after a steep decline during 2010-2013, owning to global economic crisis, has also contributed to market growth.
Technavio's analysts forecast the global mini excavators market to grow at a CAGR of 11.46 % over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global mini excavator market for the period 2015-2019. The market size has been calculated based on the total revenue generated from the consumption of mini excavators. It does not consider the sales of used equipment and the revenue generated from contracts and maintenance.
The report also presents the detailed analysis of the geographical segmentation based on the consumption of mini excavator. In addition, it presents the detailed analysis of the key vendors in the market. The report also discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
Technavio Announces the Publication of its Research Report – Global Mini Excavator Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Mini Excavator Market: Caterpillar, Hitachi Construction Machinery, Komatsu, John Deere, and Volvo Construction Equipment.
Other Prominent Vendors in the market are: Bharat Earth Movers, Çukurova Ziraat, Doosan Heavy Industries & Construction, Guangxi LiuGong Machinery, JCB, Sany Group, Terex, XCMG, and Zoomlion Heavy Industry Science and Technology.
Commenting on the report, an analyst from Technavio’s team said: “Growth in the construction sector in APAC and the Americas has resulted in equipment manufacturers expanding their production units in these regions. For instance, the Sany Group expanded its production unit in Brazil in November 2014, with an investment of over $200 million.”
According to the report, increased capital investment in the real estate market is leading to the growth of the residential and non-residential market, thereby surging the for the global mini excavator market.
Further, the report states that high investments in manufacturing of equipment is posing a serious challenge to this market.
Caterpillar, Hitachi Construction Machinery, Komatsu, John Deere, Volvo Construction Equipment, Bharat Earth Movers, Çukurova Ziraat, Doosan Heavy Industries & Construction, Guangxi LiuGong Machinery, JCB, Sany Group, Terex, XCMG, and Zoomlion Heavy Industry Science,Technology.