Compact Construction Equipment Market Insights, Forecast to 2025
Compact Construction Equipment are small in size, light in weight, highly efficient, and capable of performing multiple tasks as compared to heavy equipment. Growth in construction industry is the major driver for the incremented demand for Compact Construction Equipment, as they are highly versatile, movable from one place to another, and easy to use. Rise in population and rapid urbanization further contribute to the developing construction industry. This in turn boosts the demand for compact construction equipment. However, the increase in production costs, dearth in skilled workforce, and fluctuations in fuel prices hinder the market growth.
The global Compact Construction Equipment market is segmented into equipment, enduser industry, application, and region. Based on equipment, the market is categorized into backhoe loader, excavator, skid steer loader, telehandler, track loader, and others. Backhoe loader is anticipated to dominate the global compact construction equipment market throughout the analysis period owing to its wide scope of application. The enduser industry segment includes metal & mining, construction, agriculture, and others. In 2017, the construction industry accounted for the highest market share due to increase in number of infrastructural improvements. By application, the market is divided into loading, excavation, material handling, lifting & hoisting, and others. In 2017, the loading in application segment accounted for the highest market share due to increase in number of construction activities.
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The Compact Construction Equipment market was valued at 6570 Million US$ in 2018 and is projected to reach 11000 Million US$ by 2025, at a CAGR of 6.6% 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 20142019 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 Porters Five Forces Analysis.
The following manufacturers are covered in this report:
· Caterpillar
· Hyundai Heavy Industries Co. Ltd.
· JCB
· John Deere
· King Machinery
· Komatsu
· Mustang
· Sany
· Volvo
· XCMG
Compact Construction Equipment Breakdown Data by Type
· Backhoe Loader
· Excavator
· Skid Steer Loader
· Telehandler
· Track Loader
· Others
Compact Construction Equipment Breakdown Data by Application
· Loading
· Excavation
· Materials Handling
· Lifting & Hoisting
· 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
· AsiaPacific
· 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
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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 K Units. Both topdown and bottomup 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.
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