Global Market Study on Demand for Electric Compact Excavators Industry to Gain Traction by 2026-end

Increasing number of digging operations being carried out individually by people across the globe has spurred the demand for compact excavators. From agricultural lands and private ranches to urban neighborhoods, compact excavators are being used by individuals, companies and governments to perform proper excavation in confined areas. With advancements in excavator attachments and growing optimization of physical spaces, companies from the construction industry are actively adopting compact excavators. In the near future, this shift is anticipated to influence several players in the global automotive sector towards partaking the global manufacturing of compact excavators. This Fact.MR report discusses key prospects for growth of Global Compact Excavator Market during the forecast period, 2017-2026, offering pragmatic insights to lead market players towards devising & implementing informed strategies.

The scope of the report is to analyze the global compact excavators market for the period 2017-2026 and give readers an accurate, unbiased analysis. Compact excavator manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.

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With uncontrolled population growth, physical spaces have become more confined, and carrying out the digging operations is becoming difficult. Compact excavators have emerged as a key automotive vehicle that can help in excavation of soil and other earthen materials in cramped up spaces. With the trend of miniaturization influencing the global automotive sector, companies are actively partaking in the production of compact excavators. While the conventional excavators have been struggling to reach the narrowed spots between buildings and tight spaces, compact excavators are being predominantly used in such digging purposes.

Manufacturers of compact excavators are witnessing a considerable rise in demand from individuals as well as local construction companies. New compact excavators entering the market are being designed to meet the earth-moving requirements of the future. The comfort of operating compact excavators is further driving the working professionals in the construction industry towards them. Moreover, the function of changing the attachments on the compact excavators is enabling the process of high-level excavations. Large construction companies are replacing the conventional heavy duty excavators with compact excavators to reap high profit margins from low fuel consumption and lesser carbon emission. Better maneuverability, reduced noise emission, and operational ease are a few other factors driving the demand for compact excavators in the global construction industry.

According to a recently published report by Fact.MR, the global market for compact excavators is likely to expand at a 2.7% CAGR in terms of volume during the forecast period, 2017-2026. The report further projects that by the end of 2026, over 173.6 Bn units of compact excavators will be sold across the globe. The report further reveals that the Asia-Pacific excluding Japan (APEJ) region will represent the largest market for compact excavators through 2026.

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The report has also projected that tail swing compact excavators will be a top-selling product in the global market throughout the forecast period. On the other hand, zero tail swing compact excavators are expected to register a relatively high CAGR of 2.8% in terms of volume. On the basis of motor-type analysis, the demand for compact excavators with electric motors will surge in the latter half of the forecast period. Diesel compact excavators are expected to register largest revenue share of nearly 90% in the global compact excavators market through 2026.

Competition Tracking

The report has profiled leading players in the global compact excavators market. Companies namely, Hitachi Construction Machinery, Caterpillar, Deere & Company, Volvo Construction Equip., Komatsu, Yanmar Holdings Co. Ltd., Doosan Bobcat, Inc., Kubota Corp., JCB, Inc., Nagano Industry Co., Ltd., Case Construction Equipment, KATO Works, Kobelco Construction Machinery U.S.A Inc., Çukurova Ziraat, Bharat Earth Movers, Sany Group, guangxi LiuGong Machinery, Terex, Zoomlion Heavy Industry Science and Technology, and XCMG are observed as the leading manufacturers of compact excavators in the global market. Over the forecast period, most of these players are expected to expand their businesses on the back of product development by integrating advanced excavation technologies and equipment in the vehicles.

Table of Contents

1. Global Economic Outlook
2. Global Compact Excavators Market – Executive Summary
3. Global Compact Excavators Market Overview

3.1. Introduction

3.1.1. Global Compact Excavators Market Taxonomy

3.1.2. Global Compact Excavators Market Definition

3.2. Global Compact Excavators Market Size (US$ Mn) & (Units) and Forecast, 2012-2026

3.2.1. Global Compact Excavators Market Y-o-Y Growth

3.3. Global Compact Excavators Market Dynamics

3.4. Supply Chain

3.5. Cost Structure

3.6. Pricing Analysis

3.7. Raw Material Sourcing Strategy and Analysis

3.8. Service Provider List

3.9. Key Participants Market Presence (Intensity Map) By Region

4. Global Compact Excavators Market Analysis and Forecast 2012-2026

4.1. Global Compact Excavators Market Size and Forecast By Product Types, 2012-2026

4.1.1. Tail Swing Market Size and Forecast, 2012-2026

4.1.1.1. Revenue (US$ Mn) & Volume (Units) Comparison, By Region

4.1.1.2. Market Share Comparison, By Region

4.1.1.3. Y-o-Y growth Comparison, By Region

4.1.2. Zero Tail Swing Market Size and Forecast, 2012-2026

4.1.2.1. Revenue (US$ Mn) & Volume (Units) Comparison, By Region

4.1.2.2. Market Share Comparison, By Region

4.1.2.3. Y-o-Y growth Comparison, By Region

Continued………………………

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