Global Mini Excavators Market 2017-2021
About Mini Excavators
Mini excavators are compact hydraulic excavators with undercarriage or wheels made from either rubber or steel, and have an operating range of 0.75 ton to 10 ton. These excavators feature a standard bucket and backfill blade along with independent boom swing. Mini excavators are used in small to medium-sized operations such as light construction work, forestry work, landscaping, and small demolition projects. They are essentially used for almost any job that is big for a shovel or any other-other basic hand tools. Mini excavators are also used widely for electrical and plumbing utilities trench work. They are available with an extensive array of attachments and advanced features that increase the productivity for a contractor.
Technavio’s analysts forecast the global mini excavators market to grow at a CAGR of 3.55% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global mini excavators market for 2017-2021. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the five key vendors in the market as well as a list of other prominent vendors.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Mini Excavators Market 2017-2021
Technavio recognizes the following companies as the key players in the global mini excavators market: Bobcat Company, Caterpillar, J C Bamford Excavators, and Takeuchi Global.
Other Prominent Vendors in the market are: Çukurova Ziraat, Deere & Company, Manitou Americas (GEHL), Hanix, Hitachi Construction Machinery, Hyundai Motor Company, IHIMER, KATO WORKS, Kobelco Construction Machinery, Komatsu, LiuGong Machinery, Mecalac, New Holland Construction, SANY GROUP, UNAC, Volvo Construction Equipment, Wacker Neuson, XCMG Group, and Yanmar.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is popularity of mini hybrid excavators. The debate on how longer fossil fuels can last has pushed manufacturers to develop new technologies such as hybrid mini excavators and electric mini excavators. As mini excavators can be used for various operations, manufacturers have constantly been upgrading and innovating to make new machines fuel-efficient for reducing fuel costs as they contribute a large portion of the operating costs.”
According to the report, one driver in market is unprecedented demand for energy expanding utilities sector. Power and energy related projects continue to rapidly develop worldwide. The work of mini excavators on these sites varies from laying cables to carrying out maintenance activities. Though crawler excavators are the most common choice for work at energy projects, mini excavators are gaining popularity in the installation of electrical power supplies and transmission work due to their ability to work in confined spaces. Mini excavators are extensively used in the installation, maintenance, and repairing of electric transmission networks and gas pipelines. Hence, any growth in the utility segment will contribute to the increase in the volumes of mini excavators.
Further, the report states that one challenges in market is stringent environmental laws and regulations. The global mini excavators market is experiencing a noteworthy change as the new emission legislations worldwide are proving to be crucial factors of growth. These stringent regulations are compelling manufacturers to make considerable investments toward new technological advances. At present, the market is encountering low sales volumes. The construction segment produces large amounts of greenhouse gases and other air pollutants. Measuring and monitoring real-time emissions will enable manufacturers to assess their impact on the environment and aid in improving the sustainability of construction. Emission measurement systems such as portable emission measurement system (PEMS) for real-time measurement of carbon dioxide, nitrogen oxides, hydrocarbon, and carbon monoxide emissions from construction equipment help to derive emission rates and emission factors in operating conditions.
Bobcat Company, Caterpillar, J C Bamford Excavators, Takeuchi Global, Çukurova Ziraat, Deere & Company, Manitou Americas (GEHL), Hanix, Hitachi Construction Machinery, Hyundai Motor Company, IHIMER, KATO WORKS, Kobelco Construction Machinery, Komatsu, LiuGong Machinery, Mecalac, New Holland Construction, SANY GROUP, UNAC, Volvo Construction Equipment, Wacker Neuson, XCMG Group, and Yanmar.
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